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Financials: Performance

Consolidated Balance Sheets (in millions) December 31, 2016 December 31, 2015
Assets    
Cash and cash equivalents $1,510.8 $1,516.6
Investments 4,959.5 4,761.8
Accounts receivable 2,687.5 2,645.7
Property and equipment, net 1,785.0 1,752.2
Goodwill and other intangible assets, net 835.6 842.3
Other assets 1,504.4 1,626.1
Total assets $13,282.8 $13,144.7
Liabilities and Net Assets    
Claims outstanding $2,581.8 $2,908.5
Unearned premium revenue 211.9 291.9
Amounts held for others 698.3 500.7
Benefit plan liabilities 909.7 870.1
Debt 1,780.5 1,709.8
Other liabilities 1,926.8 1,700.1
Total liabilities 8,109.0 7,981.1
Total net assets 5,173.8 5,163.6
Total liabilities and net assets $13,282.8 $13,144.7
Consolidated Statements of Operations (in millions) Years Ended December 31,
2016 2015
Premium and management services revenue $14,420.8 $14,116.1
Net patient service revenue 2,004.7 1,854.3
Vision and other revenue 1,807.8 1,696.5
Total unrestricted revenue 18,233.3 17,666.9
Claims incurred 11,148.3 11,423.2
Depreciation and amortization 281.8 300.2
Other operating expense 6,739.1 6,508.5
Total operating expenses 18,169.2 18,231.9
Operating gain (loss) 64.1 (565.0)
Net investment income 166.5 294.1
Interest expense (60.3) (60.6)
Nonoperating (expense) income (2.6) 5.4
Excess (deficit) of revenue over expenses before merger 167.7 (326.1)
Net assets acquired through merger - 249.3
Excess (deficit) of revenue over expenses before income taxes 167.7 (76.8)
Income tax provision 109.2 7.9
Excess (deficit) of revenue over expenses $58.5 $(84.7)
Consolidated Statements of Cash Flows (in millions) Years Ended December 31,
2016 2015
Net cash provided by operating activities $325.2 $22.1
Net cash (used in) provided by investing activities (380.9) 478.6
Net cash provided by (used in) financing activities 49.9 (92.7)
(Decrease) increase in cash and cash equivalents (5.8) 408.0
Cash and cash equivalents, Beginning of year 1,516.6 1,108.6
Cash and cash equivalents, End of year $1,510.8 $1,516.6
     

Read our financial overview.