United Healthcare 2015 Annual Report Download - page 58

UnitedHealth Group
Consolidated Balance Sheets
(in millions, except per share data)
December 31,
2015
December 31,
2014
Assets
Current assets:
Cash and cash equivalents ........................................... $ 10,923 $ 7,495
Short-term investments ............................................. 1,988 1,741
Accounts receivable, net of allowances of $333 and $260 .................. 6,523 4,252
Other current receivables, net of allowances of $138 and $156 .............. 6,801 5,498
Assets under management ........................................... 2,998 2,962
Deferred income taxes .............................................. 860 556
Prepaid expenses and other current assets ............................... 1,546 1,052
Total current assets .................................................... 31,639 23,556
Long-term investments ................................................. 18,792 18,827
Property, equipment and capitalized software, net of accumulated depreciation and
amortization of $3,173 and $2,954 ...................................... 4,861 4,418
Goodwill ............................................................ 44,453 32,940
Other intangible assets, net of accumulated amortization of $3,128 and $2,685 ..... 8,391 3,669
Other assets .......................................................... 3,247 2,972
Total assets .......................................................... $ 111,383 $ 86,382
Liabilities, redeemable noncontrolling interests and equity
Current liabilities:
Medical costs payable .............................................. $ 14,330 $ 12,040
Accounts payable and accrued liabilities ................................ 11,994 9,247
Other policy liabilities .............................................. 7,798 5,965
Commercial paper and current maturities of long-term debt ................. 6,634 1,399
Unearned revenues ................................................. 2,142 1,972
Total current liabilities .................................................. 42,898 30,623
Long-term debt, less current maturities ..................................... 25,460 16,007
Future policy benefits .................................................. 2,496 2,488
Deferred income taxes .................................................. 3,587 2,065
Other liabilities ........................................................ 1,481 1,357
Total liabilities ........................................................ 75,922 52,540
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests ....................................... 1,736 1,388
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; 953 and 954 issued
and outstanding ................................................. 10 10
Additional paid-in capital ........................................... 29 —
Retained earnings .................................................. 37,125 33,836
Accumulated other comprehensive loss ................................ (3,334) (1,392)
Nonredeemable noncontrolling interest ................................. (105) —
Total equity .......................................................... 33,725 32,454
Total liabilities, redeemable noncontrolling interests and equity .............. $ 111,383 $ 86,382
See Notes to the Consolidated Financial Statements
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