United Healthcare 2013 Annual Report Download - page 66

UnitedHealth Group
Consolidated Balance Sheets
(in millions, except per share data)
December 31,
2013
December 31,
2012
Assets
Current assets:
Cash and cash equivalents ........................................... $ 7,276 $ 8,406
Short-term investments ............................................. 1,937 3,031
Accounts receivable, net of allowances of $196 and $189 .................. 3,052 2,709
Other current receivables, net of allowances of $169 and $206 .............. 3,998 2,889
Assets under management ........................................... 2,757 2,773
Deferred income taxes .............................................. 430 463
Prepaid expenses and other current assets ............................... 930 781
Total current assets .................................................... 20,380 21,052
Long-term investments ................................................. 19,605 17,711
Property, equipment and capitalized software, net of accumulated depreciation and
amortization of $2,675 and $2,564 ...................................... 4,010 3,939
Goodwill ............................................................ 31,604 31,286
Other intangible assets, net of accumulated amortization of $2,283 and $1,824 ..... 3,844 4,682
Other assets .......................................................... 2,439 2,215
Total assets .......................................................... $81,882 $80,885
Liabilities and shareholders’ equity
Current liabilities:
Medical costs payable .............................................. $11,575 $11,004
Accounts payable and accrued liabilities ................................ 7,458 6,984
Other policy liabilities .............................................. 5,279 4,910
Commercial paper and current maturities of long-term debt ................. 1,969 2,713
Unearned revenues ................................................. 1,600 1,505
Total current liabilities .................................................. 27,881 27,116
Long-term debt, less current maturities ..................................... 14,891 14,041
Future policy benefits .................................................. 2,465 2,444
Deferred income taxes .................................................. 1,796 2,450
Other liabilities ........................................................ 1,525 1,535
Total liabilities ........................................................ 48,558 47,586
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests ....................................... 1,175 2,121
Shareholders’ equity:
Preferred stock, $0.001 par value — 10 shares authorized; no shares issued or
outstanding ..................................................... — —
Common stock, $0.01 par value — 3,000 shares authorized; 988 and 1,019
issued and outstanding ............................................ 10 10
Additional paid-in capital ........................................... — 66
Retained earnings .................................................. 33,047 30,664
Accumulated other comprehensive (loss) income ......................... (908) 438
Total shareholders’ equity ............................................... 32,149 31,178
Total liabilities and shareholders’ equity ................................. $81,882 $80,885
See Notes to the Consolidated Financial Statements
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