Health Net 2010 Annual Report Download - page 150

SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED BALANCE SHEETS
(Amounts in thousands)
December 31,
2010
December 31,
2009
ASSETS
Current Assets:
Cash and cash equivalents .......................................... $ 203,804 $ 450,980
Investments—available-for-sale ...................................... 0 7,507
Other assets ...................................................... 39,727 31,077
Deferred taxes .................................................... 21,824 32,068
Due from subsidiaries .............................................. 82,824 115,850
Total current assets ............................................ 348,179 637,482
Property and equipment, net ............................................. 97,061 100,014
Goodwill ............................................................ 346,100 350,233
Other intangible assets, net .............................................. 3,073 3,698
Investment in subsidiaries .............................................. 2,687,308 3,690,727
Other deferred taxes ................................................... 0 29,668
Other assets .......................................................... 60,144 61,231
Total Assets ................................................. $3,541,865 $ 4,873,053
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Due to subsidiaries ................................................ $ 219,583 $ 227,577
Other liabilities ................................................... 127,407 207,455
Total current liabilities ......................................... 346,990 435,032
Intercompany notes payable—long term ................................... 1,011,095 2,156,087
Long term debt ....................................................... 398,685 498,480
Other liabilities ....................................................... 90,679 87,671
Total Liabilities .............................................. 1,847,449 3,177,270
Commitments and contingencies
Stockholders’ Equity:
Common stock ................................................... 145 154
Additional paid-in capital ........................................... 1,221,301 1,190,203
Treasury common stock, at cost ...................................... (1,626,856) (1,389,722)
Retained earnings ................................................. 2,099,339 1,895,096
Accumulated other comprehensive income ............................. 487 52
Total Stockholders’ Equity ...................................... 1,694,416 1,695,783
Total Liabilities and Stockholders’ Equity .......................... $3,541,865 $ 4,873,053
See accompanying notes to condensed financial statements.
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