Humana 2013 Annual Report Download - page 99
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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2013 2012
(in millions, except
share amounts)
A
SSETS
Current assets:
Cash and cash equivalents ................................................. $ 1,138 $ 1,306
Investment securities ..................................................... 8,090 8,001
Receivables, less allowance for doubtful accounts of $118 in 2013 and $94 in 2012: . . . 950 733
Other current assets ...................................................... 2,122 1,670
Total current assets .................................................. 12,300 11,710
Property and equipment, net ................................................... 1,218 1,098
Long-term investment securities ................................................ 1,710 1,846
Goodwill .................................................................. 3,733 3,640
Other long-term assets ........................................................ 1,774 1,685
Total assets ........................................................ $20,735 $19,979
L
IABILITIES AND
S
TOCKHOLDERS
’E
QUITY
Current liabilities:
Benefits payable ........................................................ $ 3,893 $ 3,779
Trade accounts payable and accrued expenses ................................. 1,821 2,042
Book overdraft .......................................................... 403 324
Unearned revenues ...................................................... 206 230
Total current liabilities ............................................... 6,323 6,375
Long-term debt ............................................................. 2,600 2,611
Future policy benefits payable ................................................. 2,207 1,858
Other long-term liabilities ..................................................... 289 288
Total liabilities ..................................................... 11,419 11,132
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; 196,275,506 shares
issued in 2013 and 194,470,820 shares issued in 2012 ......................... 33 32
Capital in excess of par value .............................................. 2,267 2,101
Retained earnings ....................................................... 8,942 7,881
Accumulated other comprehensive income ................................... 158 386
Treasury stock, at cost, 42,245,097 shares in 2013 and 36,138,955 shares in 2012 ..... (2,084) (1,553)
Total stockholders’ equity ............................................. 9,316 8,847
Total liabilities and stockholders’ equity ................................. $20,735 $19,979
The accompanying notes are an integral part of the consolidated financial statements.
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