United Healthcare 2005 Annual Report Download - page 45

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UnitedHealth Group
Consolidated Balance Sheets
As of December 31,
(in millions, except per share data) 2005 2004
Assets
Current Assets
Cash and Cash Equivalents ............................................ $ 5,421 $ 3,991
Short-Term Investments .............................................. 590 514
Accounts Receivable, net of allowances of $105 and $101 ................... 1,290 906
Assets Under Management ............................................ 1,825 1,930
Deferred Income Taxes ............................................... 645 353
Other Current Assets ................................................. 869 547
Total Current Assets ............................................. 10,640 8,241
Long-Term Investments .................................................. 8,971 7,748
Property, Equipment, and Capitalized Software, net of accumulated depreciation and
amortization of $966 and $660 ........................................... 1,647 1,139
Goodwill .............................................................. 16,206 9,470
Other Intangible Assets, net of accumulated amortization of $192 and $103 ......... 2,020 1,205
Other Assets ........................................................... 1,890 76
Total Assets ................................................... $41,374 $27,879
Liabilities and Shareholders’ Equity
Current Liabilities
Medical Costs Payable ............................................... $ 7,301 $ 5,540
Accounts Payable and Accrued Liabilities ................................ 3,301 2,107
Other Policy Liabilities ............................................... 1,824 1,933
Commercial Paper and Current Maturities of Long-Term Debt ................ 3,261 673
Unearned Premiums ................................................. 957 1,076
Total Current Liabilities .......................................... 16,644 11,329
Long-Term Debt, less current maturities ..................................... 3,850 3,350
Future Policy Benefits for Life and Annuity Contracts .......................... 1,761 1,669
Deferred Income Taxes and Other Liabilities .................................. 1,386 814
Commitments and Contingencies (Note 12) ...................................
Shareholders’ Equity
Common Stock, $0.01 par value - 3,000 shares authorized;
1,358 and 1,286 shares outstanding ................................... 14 13
Additional Paid-In Capital ............................................ 6,921 3,088
Retained Earnings ................................................... 10,765 7,484
Accumulated Other Comprehensive Income:
Net Unrealized Gains on Investments, net of tax effects ................. 33 132
Total Shareholders’ Equity ........................................ 17,733 10,717
Total Liabilities and Shareholders’ Equity .......................... $41,374 $27,879
See Notes to Consolidated Financial Statements.
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