Anthem Blue Cross 2005 Annual Report Download - page 29

consolidated balance sheets
December 31,
(in millions, except share data)2005 2004
Assets
Current assets:
Investments available-for-sale, at fair value:
Fixed maturity securities (amortized cost of $15,444.5 and $12,286.7)$15,332.2 $12,413.7
Equity securities (cost of $1,388.4 and $1,089.3)1,448.2 1,173.2
Cash and cash equivalents 2,740.2 1,457.2
Accrued investment income 156.8 144.6
Premium and self-funded receivables 2,295.2 1,574.6
Other receivables 831.4 731.8
Securities lending collateral 1,389.9 658.5
Deferred tax assets, net 728.2 434.0
Other current assets 1,022.7 769.9
Total current assets 25,944.8 19,357.5
Long-term investments available-for-sale, at fair value:
Fixed maturity securities (amortized cost of $238.1 and $219.3)234.7 220.8
Equity securities (cost of $346.1 and $359.4)372.9 360.8
Other invested assets, long-term 207.8 166.5
Property and equipment, net 1,078.6 1,045.2
Goodwill 13,469.1 10,017.9
Other intangible assets 9,686.4 8,211.6
Other noncurrent assets 410.9 358.1
Total assets $51,405.2 $39,738.4
Liabilities and shareholders’ equity
Liabilities
Current liabilities:
Policy liabilities:
Medical claims payable $ 4,923.4 $ 4,202.0
Reserves for future policy benefits 82.1 145.0
Other policyholder liabilities 1,761.1 1,209.5
Total policy liabilities 6,766.6 5,556.5
Unearned income 1,057.1 1,046.6
Accounts payable and accrued expenses 2,860.4 2,222.1
Income taxes payable 833.4 418.8
Security trades pending payable 181.8 84.4
Securities lending payable 1,389.9 658.5
Current portion of long-term debt 481.2 160.9
Other current liabilities 1,286.8 1,433.4
Total current liabilities 14,857.2 11,581.2
Long-term debt, less current portion 6,324.7 4,289.5
Reserves for future policy benefits, noncurrent 679.9 727.2
Deferred tax liability, net 3,306.3 2,596.4
Other noncurrent liabilities 1,244.0 1,085.1
Total liabilities 26,412.1 20,279.4
Commitments and contingencies
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: 660,424,174 and 302,626,708 6.6 3.0
Additional paid-in capital 20,915.4 17,433.6
Retained earnings 4,173.5 1,960.1
Unearned stock compensation (82.1) (83.5)
Accumulated other comprehensive (loss) income (20.3) 145.8
Total shareholders’ equity 24,993.1 19,459.0
Total liabilities and shareholders’ equity $51,405.2 $39,738.4
The information presented above should be read in conjunction with the audited financial statements and accompanying notes included
in WellPoint, Inc.’s 2005 Annual Report on Form 10-K.
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Financial Highlights