Health Net 2001 Annual Report Download - page 42

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SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED BALANCE SHEETS
(Amounts in thousands)
December 31, 2001 December 31, 2000
ASSETS
Current Assets:
Cash and cash equivalents ............................. $ 101,550 $ 16,251
Investments—available for sale .......................... 3,316 5,344
Other assets ....................................... 10,190 12,950
Deferred taxes ..................................... — 50,530
Notes receivable due from subsidiaries .................... 54,603 127,545
Due from subsidiaries ................................ 126,473 84,042
Total current assets ................................ 296,132 296,662
Property and equipment, net ............................. 43,707 57,349
Goodwill and other intangible assets, net .................... 406,754 419,288
Investment in subsidiaries ............................... 1,607,264 1,540,673
Other noncurrent deferred taxes .......................... 54,918 30,160
Notes receivable due from subsidiaries ...................... 2,435 44,528
Other noncurrent assets ................................ 92,285 76,578
Total Assets ...................................... $2,503,495 $2,465,238
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Due to subsidiaries .................................. $ 93,635 $ 171,435
Intercompany notes payable ............................ 35,052 124,883
Deferred taxes ..................................... 24,732 —
Other current liabilities ............................... 114,786 106,122
Total current liabilities .............................. 268,205 402,440
Intercompany notes payable—long term ..................... 438,549 216,483
Revolving credit facility and capital leases ................... 195,182 766,450
Senior notes payable ................................... 398,678 —
Other noncurrent liabilities .............................. 37,369 18,734
Total Liabilities ................................... 1,337,983 1,404,107
Commitments and contingencies
Stockholders’ Equity:
Common stock and additional paid-in capital ............... 662,867 649,292
Retained earnings ................................... 597,753 511,224
Common stock held in treasury, at cost ................... (95,831) (95,831)
Accumulated other comprehensive gain (loss) ............... 723 (3,554)
Total Stockholders’ Equity ........................... 1,165,512 1,061,131
Total Liabilities and Stockholders’ Equity ............... $2,503,495 $2,465,238
See accompanying note to condensed financial statements.
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