Health Net 2010 Annual Report Download - page 151
Download and view the complete annual report
Please find page 151 of the 2010 Health Net annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
 |
 |
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,
2010 2009 2008
NET CASH FLOWS PROVIDED BY (USED IN) OPERATING
ACTIVITIES ............................................. $ 155,740 $ 125,872 $ (11,656)
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales on investments .......................................... 7,115 62,299 0
Maturities of investments ...................................... 0 0 124,825
Purchases of investments ...................................... 0 0 (194,631)
Sales of property and equipment ................................. 12 2,799 0
Purchases of property and equipment ............................. (34,498) (25,401) (62,198)
Notes receivable due from subsidiaries ............................ 26,200 10,000 0
Capital contributions returned to Parent ........................... 1,182,635 350,707 304,543
Capital contributions to subsidiaries .............................. (120,972) (394,500) (240,630)
Sales of restricted investments and other .......................... 14,253 0 0
Net cash provided by (used in) investing activities .................. 1,074,745 5,904 (68,091)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in checks outstanding, net of deposits ......... 248 95 (2,240)
Excess tax benefit on share-based compensation .................... 286 23 242
Net borrowings from subsidiaries ................................ (1,144,992) 299,644 (20,493)
Proceeds from exercise of stock options and employee stock
purchases ................................................. 3,644 1,354 6,636
Proceeds from issuance of notes and other financing arrangements ..... 100,000 80,000 520,000
Repayment of debt under financing arrangements ................... (200,000) (130,000) (370,000)
Repurchase of common stock ................................... (236,847) (14,150) (243,172)
Net cash (used in) provided by financing activities .................. (1,477,661) 236,966 (109,027)
Net (decrease) increase in cash and cash equivalents ................. (247,176) 368,742 (188,774)
Cash and cash equivalents, beginning of period ..................... 450,980 82,238 271,012
Cash and cash equivalents, end of period .......................... $ 203,804 $ 450,980 $ 82,238
SUPPLEMENTAL CASH FLOWS DISCLOSURE:
Interest paid ................................................. $ 31,074 $ 27,904 $ 31,330
Income taxes paid ............................................ 96,319 71,396 97,715
See accompanying notes to condensed financial statements.
F-54