United Healthcare 2012 Annual Report Download - page 69

UnitedHealth Group
Consolidated Balance Sheets
(in millions, except per share data)
December 31,
2012
December 31,
2011
Assets
Current assets:
Cash and cash equivalents ........................................... $ 8,406 $ 9,429
Short-term investments ............................................. 3,031 2,577
Accounts receivable, net of allowances of $189 and $196 .................. 2,709 2,294
Other current receivables, net of allowances of $206 and $72 ............... 2,889 2,255
Assets under management ........................................... 2,773 2,708
Deferred income taxes .............................................. 463 472
Prepaid expenses and other current assets ............................... 781 615
Total current assets .................................................... 21,052 20,350
Long-term investments ................................................. 17,711 16,166
Property, equipment and capitalized software, net of accumulated depreciation and
amortization of $2,564 and $2,440 ...................................... 3,939 2,515
Goodwill ............................................................ 31,286 23,975
Other intangible assets, net of accumulated amortization of $1,824 and $1,451 ..... 4,682 2,795
Other assets .......................................................... 2,215 2,088
Total assets .......................................................... $80,885 $67,889
Liabilities and shareholders’ equity
Current liabilities:
Medical costs payable .............................................. $11,004 $ 9,799
Accounts payable and accrued liabilities ................................ 6,984 6,853
Other policy liabilities .............................................. 4,910 5,063
Commercial paper and current maturities of long-term debt ................. 2,713 982
Unearned revenues ................................................. 1,505 1,225
Total current liabilities .................................................. 27,116 23,922
Long-term debt, less current maturities ..................................... 14,041 10,656
Future policy benefits .................................................. 2,444 2,445
Deferred income taxes .................................................. 2,450 1,351
Other liabilities ........................................................ 1,535 1,223
Total liabilities ........................................................ 47,586 39,597
Commitments and contingencies (Note 12)
Redeemable noncontrolling interest ....................................... 2,121 —
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;
1,019 and 1,039 issued and outstanding .............................. 10 10
Additional paid-in capital ........................................... 66 —
Retained earnings .................................................. 30,664 27,821
Accumulated other comprehensive income .............................. 438 461
Total shareholders’ equity ............................................... 31,178 28,292
Total liabilities and shareholders’ equity ................................. $80,885 $67,889
See Notes to the Consolidated Financial Statements
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