10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues | |||
| Premiums | $ 29,642 | 27,214 | 25,575 |
| Fees and other revenues | 4,488 | 4,141 | 3,601 |
| Net investment income | 1,153 | 1,166 | 1,164 |
| Mail order pharmacy revenues | 2,536 | 2,239 | 1,827 |
| Realized investment gains (losses): | |||
| Other-than-temporary impairments on debt securities | (112) | (36) | (11) |
| Other realized investment gains | 169 | 190 | 224 |
| Net realized investment gains | 57 | 154 | 213 |
| Total revenues | 37,876 | 34,914 | 32,380 |
| Benefits and Expenses | |||
| Global Health Care medical costs | 18,354 | 16,694 | 15,867 |
| Other benefit expenses | 4,936 | 4,640 | 4,998 |
| Mail order pharmacy costs | 2,134 | 1,907 | 1,509 |
| Other operating expenses | 8,982 | 8,174 | 7,595 |
| Amortization of other acquired intangible assets, net | 143 | 195 | 235 |
| Total benefits and expenses | 34,549 | 31,610 | 30,204 |
| Income before Income Taxes | 3,327 | 3,304 | 2,176 |
| Income taxes (benefits): | |||
| Current | 1,229 | 1,232 | 501 |
| Deferred | 21 | (22) | 197 |
| Total income taxes | 1,250 | 1,210 | 698 |
| Net Income | 2,077 | 2,094 | 1,478 |
| Less: Net Income (Loss) Attributable to Noncontrolling Interests | (17) | (8) | 2 |
| Shareholders' Net Income | 2,094 | 2,102 | 1,476 |
| Shareholders' Net Income Per Share: | |||
| Basic | 8.17 | 7.97 | 5.28 |
| Diluted | 8.04 | 7.83 | 5.18 |
| Dividends Declared Per Share | 0.04 | 0.04 | 0.04 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2015 | |||
Consolidated Statements of Shareholders' Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Shareholders' Net Income | $ 2,094 | 2,102 | 1,476 |
| Shareholders' other comprehensive income (loss): | |||
| Net unrealized appreciation (depreciation) on securities | (202) | 143 | (410) |
| Net unrealized appreciation (depreciation), derivatives | 15 | 11 | 9 |
| Net translation of foreign currencies | (212) | (144) | 13 |
| Postretirement benefits liability adjustment | 85 | (426) | 539 |
| Shareholders' other comprehensive income (loss) | (314) | (416) | 151 |
| Shareholders' comprehensive income (loss) | 1,780 | 1,686 | 1,627 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA CORP | |||
Ticker: CI Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 2,077 | 2,094 | 1,478 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 585 | 588 | 597 |
| Realized investment (gains) losses | (57) | (154) | (213) |
| Deferred income taxes | 21 | (22) | 197 |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Premiums, accounts and notes receivable | (945) | (780) | (110) |
| Reinsurance recoverables | 55 | 22 | 369 |
| Deferred policy acquisition costs | (182) | (176) | (227) |
| Other assets | 16 | (265) | 405 |
| Insurance liabilities | 657 | 457 | 1,040 |
| Accounts payable, accrued expenses and other liabilities | 423 | 202 | (483) |
| Current income taxes | (25) | 111 | (56) |
| Loss on extinguishment of debt | 100 | 0 | 0 |
| Cash used to exit run-off reinsurance business | 0 | 0 | (2,196) |
| Other, net | (8) | (83) | (82) |
| Net cash provided by / (used in) operating activities | 2,717 | 1,994 | 719 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Fixed maturities and equity securities | 1,555 | 1,769 | 1,775 |
| Investment maturities and repayments: | |||
| Fixed maturities and equity securities | 1,435 | 1,640 | 1,621 |
| Commercial mortgage loans | 640 | 453 | 653 |
| Other sales, maturities and repayments (primarily short-term and other long-term investments) | 1,297 | 2,706 | 1,661 |
| Investments purchased or originated: | |||
| Fixed maturities and equity securities | (4,234) | (5,424) | (3,062) |
| Commercial mortgage loans | (500) | (287) | (58) |
| Other (primarily short-term and other long-term investments) | (1,183) | (2,115) | (1,930) |
| Property and equipment purchases | (510) | (473) | (527) |
| Acquisitions, net of cash acquired | (99) | 0 | (76) |
| Other, net | 0 | (24) | (42) |
| Net cash provided by/ (used in) investing activities | (1,599) | (1,755) | 15 |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,429 | 1,482 | 1,399 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,359) | (1,456) | (1,358) |
| Net change in short-term debt | (21) | (112) | (101) |
| Net proceeds on issuance of long-term debt | 894 | 0 | 0 |
| Repayment of long-term debt | (938) | 0 | (15) |
| Repurchase of common stock | (671) | (1,612) | (1,003) |
| Issuance of common stock | 154 | 110 | 150 |
| Other, net | (18) | 6 | (2) |
| Net cash provided by / (used in) financing activities | (530) | (1,582) | (930) |
| Effect of foreign currency rate changes on cash and cash equivalents | (40) | (32) | 13 |
| Net increase (decrease) in cash and cash equivalents | 548 | (1,375) | (183) |
| Cash and cash equivalents, January 1 | 1,420 | 2,795 | |
| Cash and cash equivalents, December 31 | 1,968 | 1,420 | 2,795 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 1,194 | 1,085 | 519 |
| Interest paid | 245 | 259 | 265 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
CIGNA CORP | ||
Ticker: CI Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 25, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Investments [Abstract] | ||
| Fixed maturities, at fair value (amortized cost, $18,456; $17,278) | $ 19,455 | 18,983 |
| Equity securities, at fair value (cost, $190; $199) | 190 | 189 |
| Commercial Mortgage Loans | 1,864 | 2,081 |
| Policy loans | 1,419 | 1,438 |
| Other long-term investments | 1,404 | 1,488 |
| Short-term investments | 381 | 163 |
| Total investments | 24,713 | 24,342 |
| Cash and cash equivalents | 1,968 | 1,420 |
| Premiums, accounts and notes receivable, net | 3,694 | 2,757 |
| Reinsurance recoverables | 6,813 | 7,080 |
| Deferred policy acquisition costs | 1,659 | 1,502 |
| Property and equipment | 1,534 | 1,502 |
| Deferred tax assets, net | 379 | 293 |
| Goodwill | 6,019 | 5,989 |
| Other assets, including other intangibles | 2,476 | 2,657 |
| Separate account assets | 7,833 | 8,328 |
| Total assets | 57,088 | 55,870 |
| Liabilities: | ||
| Contractholder deposit funds | 8,443 | 8,430 |
| Future policy benefits | 9,479 | 9,642 |
| Unpaid claims and claim expenses | 4,574 | 4,400 |
| Global Health Care medical costs | 2,355 | 2,180 |
| Unearned premiums | 629 | 621 |
| Total insurance and contractholder liabilities | 25,480 | 25,273 |
| Accounts payable, accrued expenses and other liabilities | 6,493 | 6,264 |
| Short-term debt | 149 | 147 |
| Long-term debt | 5,020 | 4,979 |
| Separate account liabilities | 7,833 | 8,328 |
| Total liabilities | 44,975 | 44,991 |
| Contingencies - Note 23 | ||
| Redeemable noncontrolling interests | 69 | 90 |
| Shareholders' Equity | ||
| Common stock (par value per share, $0.25; shares issued, 296; authorized, 600) | 74 | 74 |
| Additional paid-in capital | 2,859 | 2,769 |
| Accumulated other comprehensive loss | (1,250) | (936) |
| Retained earnings | 12,121 | 10,289 |
| Less treasury stock, at cost | (1,769) | (1,422) |
| Total shareholders' equity | 12,035 | 10,774 |
| Noncontrolling interest | 9 | 15 |
| Total equity | 12,044 | 10,789 |
| Total liabilities and equity | 57,088 | 55,870 |
| Shareholders' Equity Per Share | 46.91 | 41.55 |
| External Links | |
| CIGNA CORP (CI) Fiscal Year 2015 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |