Humana 2012 Annual Report Download - page 95
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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2012 2011
(in millions, except
share amounts)
A
SSETS
Current assets:
Cash and cash equivalents ................................................. $ 1,306 $ 1,377
Investment securities ..................................................... 8,001 7,743
Receivables, less allowance for doubtful accounts of $94 in 2012 and $85 in 2011: .... 733 1,034
Other current assets ...................................................... 1,670 1,027
Total current assets .................................................. 11,710 11,181
Property and equipment, net ................................................... 1,098 912
Long-term investment securities ................................................ 1,846 1,710
Goodwill .................................................................. 3,640 2,740
Other long-term assets ........................................................ 1,685 1,165
Total assets ........................................................ $19,979 $17,708
L
IABILITIES AND
S
TOCKHOLDERS
’E
QUITY
Current liabilities:
Benefits payable ........................................................ $ 3,779 $ 3,754
Trade accounts payable and accrued expenses ................................. 2,042 1,783
Book overdraft .......................................................... 324 306
Unearned revenues ...................................................... 230 213
Total current liabilities ............................................... 6,375 6,056
Long-term debt ............................................................. 2,611 1,659
Future policy benefits payable ................................................. 1,858 1,663
Other long-term liabilities ..................................................... 288 267
Total liabilities ..................................................... 11,132 9,645
Commitments and contingencies (Note 15)
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; 194,470,820 shares
issued in 2012 and 193,230,310 shares issued in 2011 ......................... 32 32
Capital in excess of par value .............................................. 2,101 1,938
Retained earnings ....................................................... 7,881 6,825
Accumulated other comprehensive income ................................... 386 303
Treasury stock, at cost, 36,138,955 shares in 2012 and 29,225,996 shares in 2011 ..... (1,553) (1,035)
Total stockholders’ equity ............................................. 8,847 8,063
Total liabilities and stockholders’ equity ................................. $19,979 $17,708
The accompanying notes are an integral part of the consolidated financial statements.
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