United Healthcare 2006 Annual Report Download - page 85

Consolidated Balance Sheets
As of December 31, 2005
APB 25 — Historical Accounting Method FAS 123R — Current Accounting Method
(in millions, except per share data) As Reported Adjustments (1) As Restated Adoption (2) Adjustments (3) As Restated
Assets
Current Assets
Cash and Cash Equivalents $ 5,421 $ — $ 5,421 $ — $ — $ 5,421
Short-Term Investments ........ 590 — 590 — — 590
Accounts Receivable, net ....... 1,290 (83) 1,207 — — 1,207
Assets Under Management ..... 1,825 — 1,825 — — 1,825
Deferred Income Taxes ........ 645 5 650 — — 650
Other Current Assets .......... 869 (15) 854 — — 854
Total Current Assets ....... 10,640 (93) 10,547 — — 10,547
Long-Term Investments ............ 8,971 — 8,971 — — 8,971
Property, Equipment, and Capitalized
Software, net .................. 1,647 — 1,647 — — 1,647
Goodwill ........................ 16,206 32 16,238 — — 16,238
Other Intangible Assets, net ......... 2,020 — 2,020 — — 2,020
Other Assets ..................... 1,890 (25) 1,865 — — 1,865
Total Assets ............. $41,374 $ (86) $41,288 $ — $ — $41,288
Liabilities and Shareholders’ Equity
Current Liabilities
Medical Costs Payable $ 7,301 $ (39) $ 7,262 $ — $ — $ 7,262
Accounts Payable and Accrued
Liabilities ................. 3,301 (16) 3,285 (95) 95 3,285
Other Policy Liabilities ........ 1,824 21 1,845 — — 1,845
Commercial Paper and Current
Maturities of Long-Term
Debt ..................... 3,261 — 3,261 — — 3,261
Unearned Premiums ........... 957 43 1,000 — — 1,000
Total Current Liabilities .... 16,644 9 16,653 (95) 95 16,653
Long-Term Debt, less current
maturities ..................... 3,850 (16) 3,834 — — 3,834
Future Policy Benefits for Life and
Annuity Contracts .............. 1,761 — 1,761 — — 1,761
Deferred Income Taxes and Other
Liabilities ..................... 1,386 (134) 1,252 24 (51) 1,225
Commitments and Contingencies ....
Shareholders’ Equity
Common Stock ............... 14 — 14 — — 14
Additional Paid-In Capital ...... 6,921 338 7,259 664 (413) 7,510
Retained Earnings ............ 10,765 (283) 10,482 (593) 369 10,258
Accumulated Other
Comprehensive Income:
Net Unrealized Gains on
Investments, net of tax
effects ................ 33 — 33 — — 33
Total Shareholders’
Equity ................ 17,733 55 17,788 71 (44) 17,815
Total Liabilities and
Shareholders’ Equity . . . $41,374 $ (86) $41,288 $ — $ — $41,288
(1) Includes adjustments to increase current income taxes payable by $95 million, decrease non-current deferred
tax liabilities by $236 million, increase additional paid-in capital by $372 million and to decrease retained
earnings by $231 million associated with the restatement of our historical APB 25 Consolidated Balance
Sheets.
(2) Reflects adjustments to decrease non-current deferred tax liabilities by $212 million, increase additional
paid-in capital by $1,036 million and decrease retained earnings by $824 million associated with the
adoption of FAS 123R under the modified retrospective method as of December 31, 2005 that would have
been recognized based on our original pro forma disclosure under FAS 123 prior to the restatement, net of
the restatement adjustments under APB 25.
(3) Represents adjustments made to restate our Consolidated Balance Sheets subsequent to the adoption of FAS
123R under the modified retrospective method to correct the previously presented pro forma disclosures for
the effects of the historical stock option practices and includes adjustments to increase current income taxes
payable by $95 million, decrease non-current deferred tax liabilities by $51 million, decrease additional
paid-in capital by $413 million and increase retained earnings by $369 million. Includes adjustments to our
historical common stock repurchase accounting considering the increase in compensation recognized in
relation to the timing of stock repurchase activity and the related impact to period end reclassifications
within shareholders’ equity to restore additional paid-in capital.
83