United Healthcare 2007 Annual Report Download - page 54

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UnitedHealth Group
Consolidated Balance Sheets
As of December 31,
(in millions, except per share data) 2007 2006
Assets
Current Assets
Cash and Cash Equivalents .................................... $ 8,865 $ 10,320
Short-Term Investments ....................................... 754 620
Accounts Receivable, net of allowances of $121 and $120 ............ 1,574 1,323
Assets Under Management .................................... 2,210 1,970
Deferred Income Taxes ....................................... 386 561
Other Current Assets ......................................... 1,755 1,250
Total Current Assets ...................................... 15,544 16,044
Long-Term Investments ........................................... 12,667 9,642
Property, Equipment, and Capitalized Software, net of accumulated
depreciation and amortization of $1,578 and $1,215 ................... 2,121 1,894
Goodwill ....................................................... 16,854 16,822
Other Intangible Assets, net of accumulated amortization of $553 and $373 . .
1,737 1,904
Other Assets .................................................... 1,976 2,014
Total Assets ............................................ $ 50,899 $ 48,320
Liabilities and Shareholders’ Equity
Current Liabilities
Medical Costs Payable ........................................ $ 8,331 $ 8,076
Accounts Payable and Accrued Liabilities ........................ 3,654 3,713
Other Policy Liabilities ....................................... 3,207 3,957
Commercial Paper and Current Maturities of Long-Term Debt ........ 1,946 1,483
Unearned Premiums .......................................... 1,354 1,268
Total Current Liabilities ................................... 18,492 18,497
Long-Term Debt, less current maturities .............................. 9,063 5,973
Future Policy Benefits for Life and Annuity Contracts ................... 1,849 1,850
Deferred Income Taxes and Other Liabilities .......................... 1,432 1,190
Commitments and Contingencies (Note 13) ...........................
Shareholders’ Equity
Common Stock, $0.01 par value — 3,000 shares authorized; 1,253 and
1,345 shares outstanding .................................... 13 13
Additional Paid-In Capital ..................................... 1,023 6,406
Retained Earnings ........................................... 18,929 14,376
Accumulated Other Comprehensive Income:
Net Unrealized Gains on Investments, net of tax effects .......... 98 15
Total Shareholders’ Equity ................................ 20,063 20,810
Total Liabilities and Shareholders’ Equity .................. $ 50,899 $ 48,320
See Notes to the Consolidated Financial Statements.
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