$HUM
HUMANA INC

2013 Q2 Form 10-Q Financial Statement

#000119312513312590 Filed on July 31, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $10.32B $9.699B
YoY Change 6.41% 4.47%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.461B $1.384B
YoY Change 5.56% 16.01%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $104.0M $82.00M
YoY Change 26.83% 9.19%
% of Gross Profit
Operating Expenses $1.461B $1.384B
YoY Change 5.56% 16.01%
Operating Profit $689.0M $590.0M
YoY Change 16.78% -21.75%
Interest Expense $35.00M $26.00M
YoY Change 34.62% -7.14%
% of Operating Profit 5.08% 4.41%
Other Income/Expense, Net
YoY Change
Pretax Income $654.0M $564.0M
YoY Change 15.96% -22.31%
Income Tax $234.0M $208.0M
% Of Pretax Income 35.78% 36.88%
Net Earnings $420.0M $356.0M
YoY Change 17.98% -22.61%
Net Earnings / Revenue 4.07% 3.67%
Basic Earnings Per Share $2.66 $2.19
Diluted Earnings Per Share $2.63 $2.16
COMMON SHARES
Basic Shares Outstanding 158.0M shares 162.8M shares
Diluted Shares Outstanding 159.5M shares 164.6M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.075B $11.75B
YoY Change -22.77%
Cash & Equivalents $1.519B $3.869B
Short-Term Investments $7.556B $7.882B
Other Short-Term Assets $1.960B $1.422B
YoY Change 37.83%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $12.63B $14.07B
YoY Change -10.26%
LONG-TERM ASSETS
Property, Plant & Equipment $1.133B $976.0M
YoY Change 16.09% 18.59%
Goodwill $3.638B $2.792B
YoY Change 30.3%
Intangibles $675.0M $440.0M
YoY Change 53.41%
Long-Term Investments $9.326B $9.665B
YoY Change -3.51% 4.69%
Other Assets $1.679B $1.233B
YoY Change 36.17%
Total Long-Term Assets $8.220B $6.784B
YoY Change 21.17%
TOTAL ASSETS
Total Short-Term Assets $12.63B $14.07B
Total Long-Term Assets $8.220B $6.784B
Total Assets $20.85B $20.86B
YoY Change -0.03% 18.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.174B $2.081B
YoY Change 4.47% 6.99%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $246.0M $260.0M
YoY Change -5.38% 19.82%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.770B $8.676B
YoY Change -21.97% 261.2%
LONG-TERM LIABILITIES
Long-Term Debt $2.606B $1.618B
YoY Change 61.06% -2.76%
Other Long-Term Liabilities $327.0M $321.0M
YoY Change 1.87% -83.85%
Total Long-Term Liabilities $2.933B $1.939B
YoY Change 51.26% -46.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.770B $8.676B
Total Long-Term Liabilities $2.933B $1.939B
Total Liabilities $11.51B $12.40B
YoY Change -7.15% 23.9%
SHAREHOLDERS EQUITY
Retained Earnings $8.688B $7.346B
YoY Change 18.27%
Common Stock $2.222B $2.095B
YoY Change 6.06%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.784B $1.313B
YoY Change 35.87%
Treasury Stock Shares 39.22M shares 32.54M shares
Shareholders Equity $9.335B $8.455B
YoY Change
Total Liabilities & Shareholders Equity $20.85B $20.86B
YoY Change -0.03% 18.53%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $420.0M $356.0M
YoY Change 17.98% -22.61%
Depreciation, Depletion And Amortization $104.0M $82.00M
YoY Change 26.83% 9.19%
Cash From Operating Activities $173.0M $706.0M
YoY Change -75.5% 337.97%
INVESTING ACTIVITIES
Capital Expenditures -$97.00M -$99.00M
YoY Change -2.02% 68.65%
Acquisitions
YoY Change
Other Investing Activities $341.0M -$50.00M
YoY Change -782.0% -54.34%
Cash From Investing Activities $244.0M -$149.0M
YoY Change -263.76% -11.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -296.0M -344.0M
YoY Change -13.95% 89.74%
NET CHANGE
Cash From Operating Activities 173.0M 706.0M
Cash From Investing Activities 244.0M -149.0M
Cash From Financing Activities -296.0M -344.0M
Net Change In Cash 121.0M 213.0M
YoY Change -43.19% -213.18%
FREE CASH FLOW
Cash From Operating Activities $173.0M $706.0M
Capital Expenditures -$97.00M -$99.00M
Free Cash Flow $270.0M $805.0M
YoY Change -66.46% 266.08%

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CommonStockDividendsPerShareCashPaid
0.27
CY2013Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2013-06-28
CY2013Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
11000000
CY2013Q2 us-gaap Dividends
Dividends
42000000
CY2013Q2 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
RevenuesFromTransactionsWithOtherOperatingSegmentsOfSameEntity
0
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
420000000
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1461000000
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
0
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
234000000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-116000000
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28000000
CY2013Q2 us-gaap Interest Expense
InterestExpense
35000000
CY2013Q2 hum Maximum Percentage Of Any General Obligation Bonds In One State
MaximumPercentageOfAnyGeneralObligationBondsInOneState
0.10 pure
CY2013Q2 hum General Obligation Bonds As Percentage Of Tax Exempt Municipal Securities That Were Not Pre Refunded
GeneralObligationBondsAsPercentageOfTaxExemptMunicipalSecuritiesThatWereNotPreRefunded
0.41 pure
CY2013Q2 hum Special Revenue Bonds As Percentage Of Tax Exempt Municipal Securities That Were Not Pre Refunded
SpecialRevenueBondsAsPercentageOfTaxExemptMunicipalSecuritiesThatWereNotPreRefunded
0.59 pure
CY2013Q2 hum Government And Health Plan Member Subsidies Amount
GovernmentAndHealthPlanMemberSubsidiesAmount
1200000000
CY2013Q2 hum Maximum Deductibility Of Annual Compensation Per Employee As Mandated By Health Reforms
MaximumDeductibilityOfAnnualCompensationPerEmployeeAsMandatedByHealthReforms
500000
CY2013Q2 hum Depreciation And Amortization Classified As Benefit Expense
DepreciationAndAmortizationClassifiedAsBenefitExpense
24000000
CY2013Q2 hum Depreciation And Amortization Income Statement
DepreciationAndAmortizationIncomeStatement
80000000
CY2013Q2 hum Fair Value Measurement Transfers Between Measurement Levels One And Two
FairValueMeasurementTransfersBetweenMeasurementLevelsOneAndTwo
0
CY2012Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-10-26
CY2012Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2012Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-09-28
CY2012Q3 us-gaap Dividends
Dividends
41000000
CY2011Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2012-01-31
CY2011Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
CY2011Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2011-12-30
CY2011Q4 us-gaap Dividends
Dividends
41000000
CY2012Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2013-01-25
CY2012Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2012Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-12-31
CY2012Q4 us-gaap Dividends
Dividends
42000000

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