Health Net 2000 Annual Report Download - page 31

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2000 Annual Report HEALTH NET 29
December 31,
(Amounts in thousands) 2000 1999
assets
Current Assets:
Cash and cash equivalents $1,046,735 $1,010,539
Investments – available for sale 486,902 456,603
Premiums receivable, net of allowance for
doubtful accounts (2000 – $19,822; 1999 – $21,937) 174,654 149,992
Amounts receivable under government contracts 334,187 290,329
Deferred taxes 141,752 209,037
Reinsurance and other receivables 141,140 153,427
Other assets 74,184 77,866
Total current assets 2,399,554 2,347,793
Property and equipment, net 296,009 280,729
Goodwill and other intangible assets, net 863,419 909,586
Other noncurrent assets 111,134 158,373
Total Assets $3,670,116 $3,696,481
liabilities and stockholders’equity
Current Liabilities:
Reserves for claims and other settlements 1,242,389 1,138,801
Unearned premiums 238,571 224,381
Notes payable and capital leases 49 1,256
Amounts payable under government contracts 972 43,843
Accounts payable and other liabilities 329,100 322,048
Total current liabilities 1,811,081 1,730,329
Notes payable and capital leases 766,450 1,039,352
Deferred taxes 8,635 5,624
Other noncurrent liabilities 22,819 29,977
Total Liabilities 2,608,985 2,805,282
Commitments and contingencies
Stockholders’Equity:
Preferred stock ($0.001 par value, 10,000 shares
authorized, none issued and outstanding) ––
Class A common stock ($0.001 par value, 350,000
shares authorized; issued 2000 – 125,994; 1999 – 123,429) 126 124
Class B non-voting convertible common stock
($0.001 par value, 30,000 shares authorized;
issued and outstanding 2000 – 0; 1999 – 2,138) – 2
Additional paid-in capital 649,166 643,372
Treasury Class A common stock, at cost
(2000 – 3,194 shares; 1999 – 3,194 shares) (95,831) (95,831)
Retained earnings 511,224 347,601
Accumulated other comprehensive loss (3,554) (4,069)
Total Stockholders’ Equity 1,061,131 891,199
Total Liabilities and Stockholders’Equity $3,670,116 $3,696,481
See accompanying notes to consolidated financial statements.
Consolidated Balance Sheets
Health Net, Inc.