Health Net 2009 Annual Report Download - page 150

SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
Year Ended December 31,
2009 2008 2007
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING
ACTIVITIES .............................................. $125,872 $ (11,656) $ 216,043
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales on investments ........................................... 62,299 — —
Maturities of investments ....................................... — 124,825 —
Purchases of investments ....................................... — (194,631) —
Sales of property and equipment ................................. 2,799 — 34
Purchases of property and equipment .............................. (25,401) (62,198) (52,198)
Notes receivable due from subsidiaries ............................ 10,000 — —
Cash (paid) received related to the (acquisition) sale of businesses ....... — — (79,484)
Capital contributions returned to Parent ............................ 350,707 304,543 —
Capital contributions to subsidiaries ............................... (394,500) (240,630) (1,002,273)
Sales (purchases) of restricted investments and other ................. — — (5,915)
Net cash provided by (used in) investing activities ................... 5,904 (68,091) (1,139,836)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in checks outstanding, net of deposits .......... 95 (2,240) 2,240
Excess tax benefit on share-based compensation ..................... 23 242 10,912
Net borrowings from subsidiaries ................................. 299,644 (20,493) 1,241,551
Proceeds from exercise of stock options and employee stock purchases . . . 1,354 6,636 72,622
Proceeds from issuance of notes and other financing arrangements ...... 80,000 520,000 493,535
Repayment of debt under financing arrangements .................... (130,000) (370,000) (600,000)
Repurchase of common stock .................................... (14,150) (243,172) (232,220)
Net cash provided by (used in) financing activities ................... 236,966 (109,027) 988,640
Net increase (decrease) in cash and cash equivalents .................. 368,742 (188,774) 64,847
Cash and cash equivalents, beginning of period ...................... 82,238 271,012 206,165
Cash and cash equivalents, end of period ........................... $450,980 $ 82,238 $ 271,012
SUPPLEMENTAL CASH FLOWS DISCLOSURE:
Interest paid .................................................. $ 27,904 $ 31,330 $ 42,495
Income taxes paid ............................................. 71,396 97,715 183,843
See accompanying notes to condensed financial statements.
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