Anthem Blue Cross 2003 Annual Report Download - page 30

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page 28 ANTHEM, INC.
CONSOLIDATED BALANCE SHEETS
(In Millions, Except Share Data) December 31
2003 2002
Assets
Current assets:
Investments available-for-sale, at fair value:
Fixed maturity securities $ 6,721.5 $ 5,797.4
Equity securities 193.7 150.7
6,915.2 5,948.1
Cash and cash equivalents 464.5 694.9
Premium and self-funded receivables 1,068.4 892.7
Reinsurance receivables 96.9 76.5
Other receivables 254.0 192.3
Income tax receivables 8.6 11.7
Other current assets 57.4 60.3
Total current assets 8,865.0 7,876.5
Restricted cash and investments 58.3 49.1
Property and equipment 510.5 537.4
Goodwill 2,450.1 2,484.9
Other intangible assets 1,227.0 1,274.6
Prepaid pension benefits 258.3 146.2
Other noncurrent assets 69.4 70.6
Total assets $13,438.6 $12,439.3
Liabilities and shareholders’ equity
Liabilities
Current liabilities:
Policy liabilities:
Unpaid life, accident and health claims $ 1,866.8 $ 1,826.0
Future policy benefits 372.6 344.7
Other policyholder liabilities 505.0 497.3
Total policy liabilities 2,744.4 2,668.0
Unearned income 411.1 326.6
Accounts payable and accrued expenses 493.4 471.8
Bank overdrafts 401.7 357.9
Income taxes payable 147.6 109.8
Other current liabilities 573.3 514.8
Total current liabilities 4,771.5 4,448.9
Long term debt, less current portion 1,662.8 1,659.4
Postretirement benefits 188.4 196.8
Deferred income taxes 524.8 389.9
Other noncurrent liabilities 291.2 382.0
Total liabilities 7,438.7 7,077.0
Shareholders’ equity
Preferred stock, without par value, shares authorized—100,000,000;
shares issued and outstanding—none ——
Common stock, par value $0.01, shares authorized—900,000,000;
shares issued and outstanding: 2003, 137,641,034; 2002, 139,332,132 1.4 1.4
Additional paid in capital 4,708.7 4,762.2
Retained earnings 1,154.3 481.3
Unearned restricted stock compensation (3.2) (5.3)
Accumulated other comprehensive income 138.7 122.7
Total shareholders’ equity 5,999.9 5,362.3
Total liabilities and shareholders’ equity $13,438.6 $12,439.3
The information presented above should be read in conjunction with the audited consolidated financial statements and accompanying notes included in
Anthem’s 2003 Annual Report on Form 10-K.