United Healthcare 2002 Annual Report Download - page 42

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{ 41 }
UnitedHealth Group
CONSOLIDATED BALANCE SHEETS
As of December 31,
(in millions, except share and per share data) 2002 2001
ASSETS
Current Assets
Cash and Cash Equivalents $ 1,130 $1,540
Short-Term Investments 701 270
Accounts Receivable, net of allowances of $132 and $127 835 856
Assets Under Management 2,069 1,903
Deferred Income Taxes 389 316
Other Current Assets 50 61
Total Current Assets 5,174 4,946
Long-Term Investments 4,498 3,888
Property, Equipment and Capitalized Software, net of accumulated
depreciation and amortization of $456 and $314 955 847
Goodwill 3,363 2,723
Other Intangible Assets, net of accumulated amortization of $31 and $23 122 27
Other Assets 52 55
TOTAL ASSETS
$ 14,164 $12,486
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Medical Costs Payable $ 3,741 $3,460
Accounts Payable and Accrued Liabilities 1,459 1,209
Other Policy Liabilities 1,781 1,595
Commercial Paper and Current Maturities of Long-Term Debt 811 684
Unearned Premiums 587 543
Total Current Liabilities 8,379 7,491
Long-Term Debt, less current maturities 950 900
Deferred Income Taxes and Other Liabilities 407 204
Commitments and Contingencies
(Note 12)
Shareholders’ Equity
Common Stock, $0.01 par value – 1,500,000,000 shares authorized;
299,458,000 and 308,626,000 shares outstanding 33
Additional Paid-In Capital 173 39
Retained Earnings 4,104 3,805
Accumulated Other Comprehensive Income:
Net Unrealized Gains on Investments, net of tax effects 148 44
TOTAL SHAREHOLDERS’ EQUITY
4,428 3,891
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$ 14,164 $12,486
See notes to consolidated financial statements.