Health Net 2003 Annual Report Download - page 115

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SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED BALANCE SHEETS
(Amounts in thousands)
December 31,
2003
December 31,
2002
ASSETS
Current Assets:
Cash and cash equivalents .................................................. $ 364,616 $ 204,537
Investments—available for sale .............................................. 2,245 2,520
Other assets .............................................................. 18,377 9,760
Notes receivable due from subsidiaries ........................................ 5,554 23,007
Due from subsidiaries ...................................................... 87,407 75,026
Total current assets .................................................... 478,199 314,850
Property and equipment, net ..................................................... 73,747 47,171
Goodwill, net ................................................................ 394,784 394,784
Other intangible assets, net ...................................................... 9,265 10,618
Investment in subsidiaries ...................................................... 1,744,222 1,737,262
Other deferred taxes ........................................................... 32,832 38,847
Notes receivable due from subsidiaries ............................................ 2,435 2,435
Other assets .................................................................. 58,073 75,371
Total Assets ......................................................... $2,793,557 $2,621,338
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Due to subsidiaries ........................................................ $ 155,165 $ 72,330
Intercompany notes payable ................................................. 1,556 1,651
Deferred taxes ............................................................ 7,507 48,731
Other liabilities ........................................................... 143,379 109,971
Total current liabilities ................................................. 307,607 232,683
Intercompany notes payable—long term ....................................... 722,921 641,498
Seniornotespayable....................................................... 398,963 398,821
Other liabilities ........................................................... 69,841 47,920
Total Liabilities ...................................................... 1,499,332 1,320,922
Commitments and contingencies
Stockholders’ Equity:
Common stock and additional paid-in capital ................................... 789,392 730,626
Restricted common stock ................................................... 5,885 1,913
Unearned compensation .................................................... (3,995) (1,441)
Retained earnings ......................................................... 1,051,776 817,746
Common stock held in treasury, at cost ........................................ (549,102) (259,513)
Accumulated other comprehensive gain ....................................... 269 11,085
Total Stockholders’ Equity .............................................. 1,294,225 1,300,416
Total Liabilities and Stockholders’ Equity .................................. $2,793,557 $2,621,338
See accompanying note to condensed financial statements.
F-42