Humana 2014 Annual Report Download - page 88
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80
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2014 2013
(in millions, except
share amounts)
ASSETS
Current assets:
Cash and cash equivalents $ 1,935 $ 1,138
Investment securities 7,598 8,090
Receivables, less allowance for doubtful accounts
of $137 in 2014 and $118 in 2013 1,168 950
Other current assets 4,011 2,122
Total current assets 14,712 12,300
Property and equipment, net 1,419 1,218
Long-term investment securities 1,949 1,710
Goodwill 3,711 3,733
Other long-term assets 1,675 1,774
Total assets $ 23,466 $ 20,735
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Benefits payable $ 4,475 $ 3,893
Trade accounts payable and accrued expenses 2,185 1,821
Book overdraft 334 403
Unearned revenues 361 206
Total current liabilities 7,355 6,323
Long-term debt 3,825 2,600
Future policy benefits payable 2,349 2,207
Other long-term liabilities 291 289
Total liabilities 13,820 11,419
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, $1 par; 10,000,000 shares authorized; none issued ——
Common stock, $0.16 2/3 par; 300,000,000 shares authorized;
197,951,551 shares issued at December 31, 2014 and 196,275,506
shares issued at December 31, 2013 33 33
Capital in excess of par value 2,330 2,267
Retained earnings 9,916 8,942
Accumulated other comprehensive income 223 158
Treasury stock, at cost, 48,347,541 shares at December 31, 2014
and 42,245,097 shares at December 31, 2013 (2,856)(2,084)
Total stockholders’ equity 9,646 9,316
Total liabilities and stockholders’ equity $ 23,466 $ 20,735
The accompanying notes are an integral part of the consolidated financial statements.