Health Net 2013 Annual Report Download - page 109

F-5
HEALTH NET, INC.
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except per share data)
December 31,
2013 2012
ASSETS
Current Assets:
Cash and cash equivalents .......................................................................................... $ 433,155 $ 340,110
Investments-available-for-sale (amortized cost: 2013-$1,602,456, 2012-
$1,753,931) ............................................................................................................ 1,567,020 1,812,512
Premiums receivable, net of allowance for doubtful accounts (2013-$643, 2012-
$668) ...................................................................................................................... 430,012 373,269
Amounts receivable under government contracts....................................................... 194,041 228,316
Other receivables ........................................................................................................ 68,919 113,875
Deferred taxes............................................................................................................. 94,060 51,086
Other assets................................................................................................................. 132,683 130,796
Total current assets............................................................................................................... 2,919,890 3,049,964
Property and equipment, net................................................................................................. 201,395 183,793
Goodwill............................................................................................................................... 565,886 565,886
Other intangible assets, net................................................................................................... 13,842 17,271
Deferred taxes ...................................................................................................................... 5,793 13,583
Investments-available-for-sale-noncurrent (amortized cost: 2013-$67,943, 2012-$0)........ 59,768 —
Other noncurrent assets........................................................................................................ 162,551 103,893
Total Assets........................................................................................................................... $ 3,929,125 $ 3,934,390
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Reserves for claims and other settlements.................................................................. $ 984,075 $ 1,037,973
Health care and other costs payable under government contracts.............................. 72,098 75,649
Unearned premiums.................................................................................................... 123,969 151,048
Accounts payable and other liabilities........................................................................ 397,036 373,426
Total current liabilities.......................................................................................................... 1,577,178 1,638,096
Senior notes payable............................................................................................................. 399,300 399,095
Borrowings under revolving credit facility.......................................................................... 100,000 100,000
Deferred taxes ...................................................................................................................... 10,409 —
Other noncurrent liabilities................................................................................................... 213,427 240,169
Total Liabilities..................................................................................................................... 2,300,314 2,377,360
Commitments and contingencies
Stockholders’ Equity:
Preferred stock ($0.001 par value, 10,000 shares authorized, none issued and
outstanding)............................................................................................................ — —
Common stock ($0.001 par value, 350,000 shares authorized; issued 2013-150,224
shares; 2012-148,727 shares )................................................................................ 150 149
Additional paid-in capital ........................................................................................... 1,377,624 1,329,000
Treasury common stock, at cost (2013-70,704 shares of common stock;
2012-67,426 shares of common stock).................................................................. (2,179,744)(2,092,625)
Retained earnings........................................................................................................ 2,463,648 2,293,522
Accumulated other comprehensive (loss) income...................................................... (32,867) 26,984
Total Stockholders’ Equity................................................................................................... 1,628,811 1,557,030
Total Liabilities and Stockholders’ Equity........................................................................... $ 3,929,125 $ 3,934,390
See accompanying notes to consolidated financial statements.