Health Net 2015 Annual Report Download - page 227
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F-66
SUPPLEMENTAL SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
(PARENT COMPANY ONLY)
HEALTH NET, INC.
CONDENSED STATEMENTS OF CASH FLOWS
(Amounts in thousands)
Year Ended December 31,
2015 2014 2013
NET CASH FLOWS PROVIDED BY OPERATING
ACTIVITIES............................................................................ $ 323,057 $ 153,063 $ 111,385
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales on investments....................................................................... — 81,263 6,060
Maturities of investments ............................................................... — 1,512 877
Purchases of investments................................................................ —(3,032)(6,841)
Purchases of property and equipment............................................. (57,749)(62,491)(53,632)
Capital contributions returned to Parent......................................... 518 — 2,300
Capital contributions to subsidiaries............................................... (414,200)(188,000)(7,500)
Sales (purchases) of restricted investments and other.................... — — 161
Net cash used in investing activities............................................... (471,431)(170,748)(58,575)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in checks outstanding, net of deposits..... 38 (46) 5
Excess tax benefit on share-based compensation........................... 2,915 1,701 287
Net borrowings from subsidiaries................................................... 21,277 70,714 39,487
Proceeds from exercise of stock options and employee stock
purchases.................................................................................... 18,972 27,727 10,762
Proceeds from issuance of notes and other financing
arrangements.............................................................................. 360,000 — 345,000
Repayment of debt under financing arrangements......................... (175,000) — (345,000)
Repurchase of common stock......................................................... (112,977)(152,549)(77,810)
Net cash provided by (used in) financing activities........................ 115,225 (52,453)(27,269)
Net (decrease) increase in cash and cash equivalents..................... (33,149)(70,138) 25,541
Cash and cash equivalents, beginning of period............................. 61,212 131,350 105,809
Cash and cash equivalents, end of period....................................... $ 28,063 $ 61,212 $ 131,350
SUPPLEMENTAL CASH FLOWS DISCLOSURE:
Interest paid .................................................................................... $ 31,622 $ 29,670 $ 30,789
Income taxes paid ........................................................................... 276,468 83,499 80,119
See accompanying notes to condensed financial statements.