United Healthcare 2014 Annual Report Download - page 64

UnitedHealth Group
Consolidated Balance Sheets
(in millions, except per share data)
December 31,
2014
December 31,
2013
Assets
Current assets:
Cash and cash equivalents ........................................... $ 7,495 $ 7,276
Short-term investments ............................................. 1,741 1,937
Accounts receivable, net of allowances of $260 and $196 .................. 4,252 3,052
Other current receivables, net of allowances of $156 and $169 .............. 5,498 3,998
Assets under management ........................................... 2,962 2,757
Deferred income taxes .............................................. 556 430
Prepaid expenses and other current assets ............................... 1,052 930
Total current assets .................................................... 23,556 20,380
Long-term investments ................................................. 18,827 19,605
Property, equipment and capitalized software, net of accumulated depreciation and
amortization of $2,954 and $2,675 ...................................... 4,418 4,010
Goodwill ............................................................ 32,940 31,604
Other intangible assets, net of accumulated amortization of $2,685 and $2,283 ..... 3,669 3,844
Other assets .......................................................... 2,972 2,439
Total assets .......................................................... $86,382 $81,882
Liabilities and shareholders’ equity
Current liabilities:
Medical costs payable .............................................. $12,040 $11,575
Accounts payable and accrued liabilities ................................ 9,247 7,458
Other policy liabilities .............................................. 5,965 5,279
Commercial paper and current maturities of long-term debt ................. 1,399 1,969
Unearned revenues ................................................. 1,972 1,600
Total current liabilities .................................................. 30,623 27,881
Long-term debt, less current maturities ..................................... 16,007 14,891
Future policy benefits .................................................. 2,488 2,465
Deferred income taxes .................................................. 2,065 1,796
Other liabilities ........................................................ 1,357 1,525
Total liabilities ........................................................ 52,540 48,558
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests ....................................... 1,388 1,175
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; 954 and 988 issued
and outstanding ................................................. 10 10
Retained earnings .................................................. 33,836 33,047
Accumulated other comprehensive loss ................................ (1,392) (908)
Total shareholders’ equity ............................................... 32,454 32,149
Total liabilities and shareholders’ equity ................................. $86,382 $81,882
See Notes to the Consolidated Financial Statements
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