Health Net 2015 Annual Report Download - page 166

F-5
HEALTH NET, INC.
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except per share data)
December 31,
2015 2014
ASSETS
Current Assets:
Cash and cash equivalents............................................................................................. $ 996,854 $ 869,133
Investments-available-for-sale (amortized cost: 2015-$2,209,670, 2014-$1,777,404) 2,218,367 1,791,060
Premiums receivable, net of allowance for doubtful accounts (2015-$3,732, 2014-
$1,671) ................................................................................................................... 943,746 951,935
Amounts receivable under government contracts......................................................... 267,655 150,546
Other receivables........................................................................................................... 467,526 424,910
Deferred taxes ............................................................................................................... 91,005 57,911
Assets held for sale ....................................................................................................... — 50,000
Other assets ................................................................................................................... 338,890 220,122
Total current assets............................................................................................................... 5,324,043 4,515,617
Property and equipment, net................................................................................................. 146,053 84,328
Goodwill............................................................................................................................... 558,886 558,886
Other intangible assets, net................................................................................................... 9,060 11,822
Deferred taxes ...................................................................................................................... 12,230 33,081
Investments-available-for-sale-noncurrent (amortized cost: 2015-$34,197, 2014-$5,474). 27,580 4,570
Other noncurrent assets........................................................................................................ 319,794 187,630
Total Assets........................................................................................................................... $ 6,397,646 $ 5,395,934
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Reserves for claims and other settlements.................................................................. $ 1,493,392 $ 1,896,035
Health care and other costs payable under government contracts.............................. 85,132 71,988
Unearned premiums.................................................................................................... 134,232 96,106
Borrowings under revolving credit facility................................................................. 285,000 —
Accounts payable and other liabilities........................................................................ 1,874,154 880,374
Total current liabilities.......................................................................................................... 3,871,910 2,944,503
Senior notes payable............................................................................................................. 399,709 399,504
Borrowings under revolving credit facility.......................................................................... — 100,000
Other noncurrent liabilities................................................................................................... 292,947 242,705
Total Liabilities..................................................................................................................... 4,564,566 3,686,712
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 2015-153,776
shares; 2014-152,451 shares)................................................................................. 154 153
Additional paid-in capital ........................................................................................... 1,497,562 1,444,705
Treasury common stock, at cost (2015-76,458 shares of common stock;
2014-74,378 shares of common stock).................................................................. (2,454,939)(2,341,652)
Retained earnings........................................................................................................ 2,794,954 2,609,277
Accumulated other comprehensive loss ..................................................................... (4,651)(3,261)
Total Stockholders’ Equity................................................................................................... 1,833,080 1,709,222
Total Liabilities and Stockholders’ Equity........................................................................... $ 6,397,646 $ 5,395,934
See accompanying notes to consolidated financial statements.