Humana 2015 Annual Report Download - page 93
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85
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Humana Inc.
CONSOLIDATED BALANCE SHEETS
December 31,
2015 2014
(in millions, except
share amounts)
ASSETS
Current assets:
Cash and cash equivalents $ 2,571 $ 1,935
Investment securities 7,267 7,598
Receivables, less allowance for doubtful accounts
of $101 in 2015 and $98 in 2014 1,161 1,053
Other current assets 4,712 4,007
Assets held-for-sale — 943
Total current assets 15,711 15,536
Property and equipment, net 1,384 1,228
Long-term investment securities 1,843 1,949
Goodwill 3,265 3,231
Other long-term assets 2,502 1,583
Total assets $ 24,705 $ 23,527
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Benefits payable $ 4,976 $ 4,475
Trade accounts payable and accrued expenses 2,212 2,095
Book overdraft 301 334
Unearned revenues 364 361
Short-term borrowings 299 —
Liabilities held-for-sale — 206
Total current liabilities 8,152 7,471
Long-term debt 3,821 3,825
Future policy benefits payable 2,151 2,349
Other long-term liabilities 235 236
Total liabilities 14,359 13,881
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, $1 par; 10,000,000 shares authorized; none issued ——
Common stock, $0.16 2/3 par; 300,000,000 shares authorized;
198,372,059 shares issued at December 31, 2015 and 197,951,551
shares issued at December 31, 2014 33 33
Capital in excess of par value 2,530 2,330
Retained earnings 11,017 9,916
Accumulated other comprehensive income 58 223
Treasury stock, at cost, 50,084,043 shares at December 31, 2015
and 48,347,541 shares at December 31, 2014 (3,292)(2,856)
Total stockholders’ equity 10,346 9,646
Total liabilities and stockholders’ equity $ 24,705 $ 23,527
The accompanying notes are an integral part of the consolidated financial statements.