Health Net 2007 Annual Report Download - page 151

SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED BALANCE SHEETS
(Amounts in thousands)
December 31,
2007
December 31,
2006
ASSETS
Current Assets:
Cash and cash equivalents ........................................... $ 271,012 $ 206,165
Other assets ...................................................... 30,772 29,140
Deferred taxes .................................................... 90,737 33,409
Due from subsidiaries .............................................. 84,254 75,238
Total current assets ............................................ 476,775 343,952
Property and equipment, net ............................................. 125,598 94,091
Goodwill ............................................................ 394,784 394,784
Other intangible assets, net .............................................. 4,948 5,573
Investment in subsidiaries ............................................... 3,758,637 2,530,396
Notes receivable due from subsidiaries ..................................... 10,000 10,000
Other assets .......................................................... 67,734 59,181
Total Assets .................................................. $4,838,476 $3,437,977
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Due to subsidiaries ................................................ $ 203,195 $ 247,613
Bridge loan ...................................................... — 200,000
Other liabilities ................................................... 338,179 188,751
Total current liabilities ......................................... 541,374 636,364
Intercompany notes payable—long term ................................... 1,876,936 635,385
Long term debt ....................................................... 398,071 300,000
Long term deferred taxes ................................................ 8,271 9,018
Other liabilities ....................................................... 138,242 78,245
Total Liabilities ............................................... 2,962,894 1,659,012
Commitments and contingencies
Stockholders’ Equity:
Common stock .................................................... 144 140
Additional paid-in capital ........................................... 1,151,251 1,027,878
Treasury common stock, at cost ...................................... (1,123,750) (891,294)
Retained earnings ................................................. 1,849,097 1,653,478
Accumulated other comprehensive loss ................................ (1,160) (11,237)
Total Stockholders’ Equity ...................................... 1,875,582 1,778,965
Total Liabilities and Stockholders’ Equity .......................... $4,838,476 $3,437,977
See accompanying note to condensed financial statements.
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