2016 Form 8-K Financial Statement

#000004907117000175 Filed on December 14, 2017

View on sec.gov

Income Statement

Concept 2016 2015 Q4 2015
Revenue $54.38B $13.36B $54.29B
YoY Change 0.17% 8.38% 11.94%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $7.173B $7.295B
YoY Change -1.67% -4.5%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $388.0M $112.0M $354.0M
YoY Change 9.6% -9.68% 7.93%
% of Gross Profit
Operating Expenses $7.173B $13.07B $7.295B
YoY Change -1.67% 9.33% -4.5%
Operating Profit $1.741B $2.347B
YoY Change -25.82% -0.64%
Interest Expense $189.0M -$46.00M $186.0M
YoY Change 1.61% -45.24% -3.13%
% of Operating Profit 10.86% 7.93%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $1.552B $246.0M $2.431B
YoY Change -36.16% -14.29% 12.03%
Income Tax $938.0M $145.0M $1.155B
% Of Pretax Income 60.44% 58.94% 47.51%
Net Earnings $614.0M $101.0M $1.276B
YoY Change -51.88% -30.34% 11.25%
Net Earnings / Revenue 1.13% 0.76% 2.35%
Basic Earnings Per Share $4.11 $0.68 $8.54
Diluted Earnings Per Share $4.07 $0.67 $8.44
COMMON SHARES
Basic Shares Outstanding 149.4M shares 149.5M shares
Diluted Shares Outstanding 150.9M shares 151.1M shares

Balance Sheet

Concept 2016 2015 Q4 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.838B
YoY Change 3.2%
Cash & Equivalents $3.877B $2.571B $2.571B
Short-Term Investments $7.267B
Other Short-Term Assets $4.712B
YoY Change 17.59%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $15.71B
YoY Change 1.13%
LONG-TERM ASSETS
Property, Plant & Equipment $1.505B $1.384B $1.384B
YoY Change 8.74% 12.7% 12.7%
Goodwill $3.265B
YoY Change 1.05%
Intangibles $357.0M
YoY Change -18.86%
Long-Term Investments $9.798B $9.110B $9.110B
YoY Change 7.55% -4.58% -4.58%
Other Assets $2.475B
YoY Change 56.35%
Total Long-Term Assets $8.967B
YoY Change 12.21%
TOTAL ASSETS
Total Short-Term Assets $15.71B
Total Long-Term Assets $8.967B
Total Assets $25.40B $24.68B $24.68B
YoY Change 2.91% 4.89% 4.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.467B $2.212B $2.212B
YoY Change 11.53% 5.58% 5.58%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $212.0M $299.0M $301.0M
YoY Change -29.57% -9.88%
Long-Term Debt Due $300.0M $299.0M $299.0M
YoY Change 0.33%
Total Short-Term Liabilities $3.259B $8.152B $3.176B
YoY Change 2.61% 9.12% 13.84%
LONG-TERM LIABILITIES
Long-Term Debt $3.792B $3.794B $3.794B
YoY Change -0.05% -0.81% -0.81%
Other Long-Term Liabilities $3.097B $235.0M $2.386B
YoY Change 29.8% -0.42% -14.51%
Total Long-Term Liabilities $6.889B $4.029B $6.180B
YoY Change 11.47% -0.79% -6.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.259B $8.152B $3.176B
Total Long-Term Liabilities $6.889B $4.029B $6.180B
Total Liabilities $14.71B $14.33B $14.33B
YoY Change 2.64% 3.25% 3.25%
SHAREHOLDERS EQUITY
Retained Earnings $11.02B
YoY Change 11.1%
Common Stock $2.563B
YoY Change 8.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.292B
YoY Change 15.27%
Treasury Stock Shares 50.08M shares
Shareholders Equity $10.69B $10.35B $10.35B
YoY Change
Total Liabilities & Shareholders Equity $25.40B $24.68B $24.68B
YoY Change 2.91% 4.89% 4.89%

Cashflow Statement

Concept 2016 2015 Q4 2015
OPERATING ACTIVITIES
Net Income $614.0M $101.0M $1.276B
YoY Change -51.88% -30.34% 11.25%
Depreciation, Depletion And Amortization $388.0M $112.0M $354.0M
YoY Change 9.6% -9.68% 7.93%
Cash From Operating Activities $1.936B $337.0M $868.0M
YoY Change 123.04% 74.61% -46.35%
INVESTING ACTIVITIES
Capital Expenditures $527.0M -$139.0M $523.0M
YoY Change 0.76% -16.77% -0.95%
Acquisitions $7.000M $38.00M
YoY Change -81.58% 111.11%
Other Investing Activities -$835.0M -$158.0M $843.0M
YoY Change -199.05% -133.47% 81.29%
Cash From Investing Activities -$1.362B -$297.0M $320.0M
YoY Change -525.63% -197.38% -607.94%
FINANCING ACTIVITIES
Cash Dividend Paid $177.0M $172.0M
YoY Change 2.91% 0.0%
Common Stock Issuance & Retirement, Net $104.0M $385.0M
YoY Change -72.99% -55.85%
Debt Paid & Issued, Net $0.00 $0.00
YoY Change -100.0%
Cash From Financing Activities $732.0M 934.0M -$552.0M
YoY Change -232.61% -173.66% -27.18%
NET CHANGE
Cash From Operating Activities $1.936B 337.0M $868.0M
Cash From Investing Activities -$1.362B -297.0M $320.0M
Cash From Financing Activities $732.0M 934.0M -$552.0M
Net Change In Cash $1.306B 974.0M $636.0M
YoY Change 105.35% -226.49% -20.2%
FREE CASH FLOW
Cash From Operating Activities $1.936B $337.0M $868.0M
Capital Expenditures $527.0M -$139.0M $523.0M
Free Cash Flow $1.409B $476.0M $345.0M
YoY Change 308.41% 32.22% -68.35%

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CY2015 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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38000000 USD
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473000000 USD
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71000000 USD
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14000000 USD
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48000000 USD
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52000000 USD
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528000000 USD
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523000000 USD
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527000000 USD
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CY2016Q4 us-gaap Preferred Stock Shares Authorized
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">REPORTING ENTITY</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Nature of Operations</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Humana Inc., headquartered in Louisville, Kentucky, is a leading health and well-being company focused on making it easy for people to achieve their best health with clinical excellence through coordinated care. Our strategy integrates care delivery, the member experience, and clinical and consumer insights to encourage engagement, behavior change, proactive clinical outreach and wellness for the millions of people we serve across the country.</font><font style="font-family:inherit;font-size:10pt;"> References throughout these notes to consolidated financial statements to &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; &#8220;Company,&#8221; and &#8220;Humana,&#8221; mean Humana Inc. and its subsidiaries. We derived approximately </font><font style="font-family:inherit;font-size:10pt;">75%</font><font style="font-family:inherit;font-size:10pt;"> of our total premiums and services revenue from contracts with the federal government in </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, including </font><font style="font-family:inherit;font-size:10pt;">14%</font><font style="font-family:inherit;font-size:10pt;"> related to our federal government contracts with the Centers for Medicare and Medicaid Services, or CMS, to provide health insurance coverage for individual Medicare Advantage members in Florida. CMS is the federal government&#8217;s agency responsible for administering the Medicare program.</font></div></div>

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