Humana 2014 Annual Report Download - page 151

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143
Humana Inc.
SCHEDULE I—PARENT COMPANY FINANCIAL INFORMATION
CONDENSED STATEMENTS OF CASH FLOWS
For the year ended December 31,
2014 2013 2012
(in millions)
Net cash provided by operating activities $ 1,499 $ 1,554 $ 1,611
Cash flows from investing activities:
Acquisitions — — (1,235)
Capital contributions to operating subsidiaries (442)(521)(629)
Purchases of investment securities (629)(320)(338)
Proceeds from sale of investment securities 606 35 127
Maturities of investment securities 149 104 316
Purchases of property and equipment, net (380)(223)(284)
Net cash used in investing activities (696)(925)(2,043)
Cash flows from financing activities:
Proceeds from issuance of senior notes, net 1,733 — 990
Repayment of long-term debt (500)— —
Change in book overdraft (5)7 7
Common stock repurchases (872)(531)(518)
Dividends paid (172)(168)(165)
Tax benefit from stock-based compensation 12 8 22
Proceeds from stock option exercises and other 51 65 60
Net cash provided by (used in) financing activities 247 (619) 396
Increase (decrease) in cash and cash equivalents 1,050 10 (36)
Cash and cash equivalents at beginning of year 161 151 187
Cash and cash equivalents at end of year $ 1,211 $ 161 $ 151
See accompanying notes to the parent company financial statements.