Humana 2014 Annual Report Download - page 40

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32
We believe our cash balances, investment securities, operating cash flows, and funds available under our credit
agreement or from other public or private financing sources, taken together, provide adequate resources to fund ongoing
operating and regulatory requirements, acquisitions, future expansion opportunities, and capital expenditures for at
least the next twelve months, as well as to refinance or repay debt, and repurchase shares. However, continuing adverse
securities and credit market conditions may significantly affect the availability of credit. While there is no assurance
in the current economic environment, we have no reason to believe the lenders participating in our credit agreement
will not be willing and able to provide financing in accordance with the terms of the agreement.
Our access to additional credit will depend on a variety of factors such as market conditions, the general availability
of credit, both to the overall market and our industry, our credit ratings and debt capacity, as well as the possibility that
customers or lenders could develop a negative perception of our long or short-term financial prospects. Similarly, our
access to funds could be limited if regulatory authorities or rating agencies were to take negative actions against us. If
a combination of these factors were to occur, we may not be able to successfully obtain additional financing on favorable
terms or at all.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.