Humana 2011 Annual Report Download - page 92
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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2011 2010
(in millions, except
share amounts)
A
SSETS
Current assets:
Cash and cash equivalents ................................................. $ 1,377 $ 1,673
Investment securities ..................................................... 7,743 6,873
Receivables, less allowance for doubtful accounts of $85 in 2011 and $52 in 2010: .... 1,034 959
Other current assets ...................................................... 1,027 632
Total current assets .................................................. 11,181 10,137
Property and equipment, net ................................................... 912 815
Long-term investment securities ................................................ 1,710 1,500
Goodwill .................................................................. 2,740 2,568
Other long-term assets ........................................................ 1,165 1,083
Total assets ........................................................ $17,708 $16,103
L
IABILITIES AND
S
TOCKHOLDERS
’E
QUITY
Current liabilities:
Benefits payable ........................................................ $ 3,754 $ 3,469
Trade accounts payable and accrued expenses ................................. 1,783 1,681
Book overdraft .......................................................... 306 409
Unearned revenues ...................................................... 213 185
Total current liabilities ............................................... 6,056 5,744
Long-term debt ............................................................. 1,659 1,669
Future policy benefits payable ................................................. 1,663 1,493
Other long-term liabilities ..................................................... 267 273
Total liabilities ..................................................... 9,645 9,179
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $1 par; 10,000,000 shares authorized; none issued ................ 0 0
Common stock, $0.16 2/3 par; 300,000,000 shares authorized; 193,230,310 shares
issued in 2011 and 190,244,741 shares issued in 2010 ......................... 32 32
Capital in excess of par value .............................................. 1,938 1,737
Retained earnings ....................................................... 6,825 5,529
Accumulated other comprehensive income ................................... 303 120
Treasury stock, at cost, 29,225,996 shares in 2011 and 21,795,051 shares in 2010 ..... (1,035) (494)
Total stockholders’ equity ............................................. 8,063 6,924
Total liabilities and stockholders’ equity ................................. $17,708 $16,103
The accompanying notes are an integral part of the consolidated financial statements.
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