Health Net 2014 Annual Report Download - page 148
Download and view the complete annual report
Please find page 148 of the 2014 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
 |
 |
HEALTH NET, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
F-38
The changes in the balance of the Level 3 financial liability for the year ended December 31, 2014 and 2013 were
as follows (dollars in millions):
Year Ended December 31,
2014 2013
Embedded Contractual Derivative
Opening balance.................................................................. $ — $ 3.2
Transfers into Level 3................................................. — —
Transfers out of Level 3.............................................. — —
Total gains or losses for the period:
Realized in net income ............................................... 2.6 (3.2)
Unrealized in accumulated other comprehensive
income................................................................... — —
Purchases, issues, sales and settlements:
Purchases.................................................................... — —
Issues .......................................................................... — —
Sales............................................................................ — —
Settlements ................................................................. — —
Closing balance ................................................................... $ 2.6 $ —
As of December 31, 2014, we classified certain assets as assets held for sale. These assets held for sale are
carried at the lower of carrying value or fair value (see Note 2, under the heading "Goodwill and Other Intangibles," and
Note 3 for additional information). The following table presents information about our assets classified as held for sale
as of December 31, 2014, the hierarchy of the valuation techniques utilized by us to determine such fair values and the
related impairment loss for the year ended December 31, 2014 (dollars in millions):
Level 3
Total Asset
Impairment for the
Year Months Ended
December 31, 2014
Property and equipment, net ........................................ $ 50.0 $ 80.2
Goodwill allocated to sale of business......................... — 7.0
Assets held for sale ...................................................... $ 50.0 $ 87.2
We had no liabilities fair valued on a non-recurring basis during the year ended December 31, 2014. We had no
financial assets or liabilities that were fair valued on a non-recurring basis during the year ended December 31, 2013.