Health Net 2009 Annual Report Download - page 149

SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED BALANCE SHEETS
(Amounts in thousands)
December 31,
2009
December 31,
2008
As restated
See Note 2
ASSETS
Current Assets:
Cash and cash equivalents .......................................... $ 450,980 $ 82,238
Investment—available for sale ....................................... 7,507 69,806
Other assets ...................................................... 31,077 22,162
Deferred taxes .................................................... 32,068 39,444
Due from subsidiaries .............................................. 115,850 70,117
Total current assets ............................................ 637,482 283,767
Property and equipment, net ............................................. 100,014 151,760
Goodwill ............................................................ 350,233 394,783
Other intangible assets, net .............................................. 3,698 4,323
Investment in subsidiaries .............................................. 3,690,727 3,727,450
Other deferred taxes ................................................... 29,668 45,382
Notes receivable due from subsidiaries .................................... — 10,000
Other assets .......................................................... 61,231 69,732
Total Assets ................................................. $4,873,053 $ 4,687,197
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Due to subsidiaries ................................................ $ 227,577 $ 229,936
Other liabilities ................................................... 207,455 172,860
Total current liabilities ......................................... 435,032 402,796
Intercompany notes payable—long term ................................... 2,156,087 1,856,443
Long term debt ....................................................... 498,480 548,276
Other liabilities ....................................................... 87,671 127,556
Total Liabilities .............................................. 3,177,270 2,935,071
Commitments and contingencies
Stockholders’ Equity:
Common stock ................................................... 154 144
Additional paid-in capital ........................................... 1,190,203 1,182,067
Treasury common stock, at cost ...................................... (1,389,722) (1,367,319)
Retained earnings ................................................. 1,895,096 1,944,100
Accumulated other comprehensive income (loss) ........................ 52 (6,866)
Total Stockholders’ Equity ...................................... 1,695,783 1,752,126
Total Liabilities and Stockholders’ Equity .......................... $4,873,053 $ 4,687,197
See accompanying notes to condensed financial statements.
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