Health Net 2011 Annual Report Download - page 164

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,
2011 2010 2009
NET CASH FLOWS PROVIDED BY OPERATING
ACTIVITIES ............................................. $252,100 $ 155,740 $ 125,872
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales on investments .......................................... — 7,115 62,299
Sales of property and equipment ................................. — 12 2,799
Purchases of property and equipment ............................. (48,046) (34,498) (25,401)
Notes receivable due from subsidiaries ............................ (24,000) 26,200 10,000
Capital contributions returned to Parent ........................... 1,796 1,182,635 350,707
Capital contributions to subsidiaries .............................. (400) (120,972) (394,500)
(Purchases) sales of restricted investments and other ................. (13,361) 14,253 —
Net cash (used in) provided by investing activities .................. (84,011) 1,074,745 5,904
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in checks outstanding, net of deposits ......... (37) 248 95
Excess tax benefit on share-based compensation .................... 544 286 23
Net borrowings from subsidiaries ................................ (14,246) (1,144,992) 299,644
Proceeds from exercise of stock options and employee stock
purchases ................................................. 13,356 3,644 1,354
Proceeds from issuance of notes and other financing arrangements ..... 978,500 100,000 80,000
Repayment of debt under financing arrangements ................... (872,212) (200,000) (130,000)
Repurchase of common stock ................................... (389,850) (236,847) (14,150)
Net cash (used in) provided by financing activities .................. (283,945) (1,477,661) 236,966
Net (decrease) increase in cash and cash equivalents ................. (115,856) (247,176) 368,742
Cash and cash equivalents, beginning of period ..................... 203,804 450,980 82,238
Cash and cash equivalents, end of period .......................... $ 87,948 $ 203,804 $ 450,980
SUPPLEMENTAL CASH FLOWS DISCLOSURE:
Interest paid ................................................. $ 31,332 $ 31,074 $ 27,904
Income taxes paid ............................................ 55,882 96,319 71,396
See accompanying notes to condensed financial statements.
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