United Healthcare 2008 Annual Report Download - page 62

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
UnitedHealth Group
Consolidated Balance Sheets
December 31,
(in millions, except per share data) 2008 2007
ASSETS
Current Assets
Cash and Cash Equivalents ................................................ $ 7,426 $ 8,865
Short-Term Investments .................................................. 783 754
Accounts Receivable, net of allowances of $148 and $121 ....................... 1,929 1,574
Assets Under Management ................................................ 2,199 2,210
Deferred Income Taxes ................................................... 424 386
Other Current Receivables ................................................ 1,715 1,326
Prepaid Expenses and Other Current Assets ................................... 514 429
Total Current Assets ................................................. 14,990 15,544
Long-Term Investments ...................................................... 13,366 12,667
Property, Equipment and Capitalized Software, net of accumulated depreciation and
amortization of $2,363 and $1,578 ............................................ 2,181 2,121
Goodwill .................................................................. 20,088 16,854
Other Intangible Assets, net of accumulated amortization of $803 and $553 ............. 2,329 1,737
Other Assets ............................................................... 2,861 1,976
TOTAL ASSETS ........................................................... $55,815 $50,899
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Medical Costs Payable ................................................... $ 8,664 $ 8,331
Accounts Payable and Accrued Liabilities .................................... 5,685 3,654
Other Policy Liabilities ................................................... 2,823 3,207
Commercial Paper and Current Maturities of Long-Term Debt .................... 1,456 1,946
Unearned Premiums ..................................................... 1,133 1,354
Total Current Liabilities .............................................. 19,761 18,492
Long-Term Debt, less current maturities ......................................... 11,338 9,063
Future Policy Benefits ........................................................ 2,286 1,849
Deferred Income Taxes and Other Liabilities ...................................... 1,650 1,432
Total Liabilities ..................................................... 35,035 30,836
Commitments and Contingencies (Note 15)
Shareholders’ Equity
Preferred Stock, $0.001 par value — 10 shares authorized; no shares issued or
outstanding .......................................................... — —
Common Stock, $0.01 par value — 3,000 shares authorized; 1,201 and 1,253 issued
and outstanding ....................................................... 12 13
Additional Paid-In Capital ................................................ 38 1,023
Retained Earnings ....................................................... 20,782 18,929
Accumulated Other Comprehensive (Loss) Income
Net Unrealized (Losses) Gains on Investments, net of tax effects .................. (30) 98
Foreign Currency Translation Loss .......................................... (22) —
Total Shareholders’ Equity ............................................ 20,780 20,063
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ....................... $55,815 $50,899
See Notes to the Consolidated Financial Statements.
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