Anthem Blue Cross 2007 Annual Report Download - page 29

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WellPoint, Inc. 2007 Summary Annual Report
Consolidated Balance Sheets
Years ended December 31
(In millions, except share data) 2007 2006
Assets
Current assets:
Cash and cash equivalents $ 2,767.9 $ 2,602.1
Investments available-for-sale, at fair value:
Fixed maturity securities (amortized cost of $1,814.5 and $481.5) 1,832.6 465.4
Equity securities (cost of $1,732.7 and $1,669.7) 1,893.7 1,984.5
Other invested assets, current 40.3 72.8
Accrued investment income 165.8 157.2
Premium and self-funded receivables 2,870.1 2,335.3
Other receivables 996.4 1,172.7
Income tax receivable 0.9 —
Securities lending collateral 854.1 904.7
Deferred tax assets, net 559.6 642.6
Other current assets 1,050.4 1,284.5
Total current assets 13,031.8 11,621.8
Long-term investments available-for-sale, at fair value:
Fixed maturity securities (amortized cost of $13,832.6 and $15,004.6) 13,917.3 14,972.4
Equity securities (cost of $43.4 and $82.7) 45.1 86.2
Other invested assets, long-term 752.9 628.8
Property and equipment, net 995.9 988.6
Goodwill 13,435.4 13,383.5
Other intangible assets 9,220.8 9,396.2
Other noncurrent assets 660.8 497.4
Total assets $52,060.0 $51,574.9
Liabilities and shareholders’ equity
Liabilities
Current liabilities:
Policy liabilities:
Medical claims payable $ 5,788.0 $ 5,290.3
Reserves for future policy benefits 63.7 76.3
Other policy holder liabilities 1,832.2 2,055.7
Total policy liabilities 7,683.9 7,422.3
Unearned income 1,114.6 987.9
Accounts payable and accrued expenses 2,909.6 3,242.2
Income taxes payable — 538.2
Security trades pending payable 50.6 124.8
Securities lending payable 854.1 904.7
Current portion of long-term debt 20.4 521.0
Other current liabilities 1,755.0 1,397.4
Total current liabilities 14,388.2 15,138.5
Long-term debt, less current portion 9,023.5 6,493.2
Reserves for future policy benefits, noncurrent 661.9 646.9
Deferred tax liability, net 3,004.4 3,350.2
Other noncurrent liabilities 1,991.6 1,370.3
Total liabilities 29,069.6 26,999.1
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: 556,212,039 and 615,500,865 5.6 6.1
Additional paid-in capital 18,441.1 19,863.5
Retained earnings 4,387.6 4,656.1
Accumulated other comprehensive income 156.1 50.1
Total shareholders’ equity 22,990.4 24,575.8
Total liabilities and shareholders’ equity $52,060.0 $51,574.9
The information presented above should be read in conjunction with the audited  nancial statements and accompanying notes included in WellPoint’s 2007 Annual Report on Form 10-K.