United Healthcare 2010 Annual Report Download - page 61

UnitedHealth Group
Consolidated Balance Sheets
(in millions, except per share data)
December 31,
2010
December 31,
2009
Assets
Current assets:
Cash and cash equivalents ........................................... $ 9,123 $ 9,800
Short-term investments ............................................. 2,072 1,239
Accounts receivable, net of allowances of $241 and $220 .................. 2,061 1,954
Assets under management ........................................... 2,550 2,383
Deferred income taxes .............................................. 403 448
Other current receivables, net of allowances of $66 and $28 ................ 1,643 1,838
Prepaid expenses and other current assets ............................... 541 538
Total current assets .................................................... 18,393 18,200
Long-term investments ................................................. 14,707 13,311
Property, equipment and capitalized software, net of accumulated depreciation and
amortization of $2,779 and $2,738 ...................................... 2,200 2,140
Goodwill ............................................................ 22,745 20,727
Other intangible assets, net of accumulated amortization of $1,350 and $1,038 ..... 2,910 2,381
Other assets .......................................................... 2,108 2,286
Total assets .......................................................... $63,063 $59,045
Liabilities and shareholders’ equity
Current liabilities:
Medical costs payable .............................................. $ 9,220 $ 9,362
Accounts payable and accrued liabilities ................................ 6,488 6,283
Other policy liabilities .............................................. 3,979 3,137
Commercial paper and current maturities of long-term debt ................. 2,480 2,164
Unearned revenues ................................................. 1,533 1,217
Total current liabilities .............................................. 23,700 22,163
Long-term debt, less current maturities ................................. 8,662 9,009
Future policy benefits .............................................. 2,361 2,325
Deferred income taxes and other liabilities .............................. 2,515 1,942
Total liabilities ........................................................ 37,238 35,439
Commitments and contingencies (Note 13)
Shareholders’ equity:
Preferred stock, $0.001 par value — 10 shares authorized;
no shares issued or outstanding ..................................... 0 0
Common stock, $0.01 par value — 3,000 shares authorized;
1,086 and 1,147 issued and outstanding .............................. 11 11
Retained earnings .................................................. 25,562 23,342
Accumulated other comprehensive income (loss):
Net unrealized gains on investments, net of tax effects ..................... 280 277
Foreign currency translation losses .................................... (28) (24)
Total shareholders’ equity ............................................... 25,825 23,606
Total liabilities and shareholders’ equity ................................. $63,063 $59,045
See Notes to the Consolidated Financial Statements
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