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 GROUP | |||
Ticker: CI Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 2,646 | 2,232 | 1,843 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 695 | 566 | 610 |
| Realized investment (gains) losses | 81 | (237) | (169) |
| Deferred income taxes (benefits) | (101) | 242 | 74 |
| Debt extinguishment costs | 0 | 321 | 0 |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Accounts receivable | 705 | (233) | 663 |
| Inventories | (107) | (72) | 30 |
| Deferred policy acquisition costs | (237) | (282) | (213) |
| Reinsurance recoverables and other assets | (234) | 115 | 246 |
| Insurance liabilities | 560 | 506 | 683 |
| Pharmacy and service costs payable | (842) | 35 | (46) |
| Accounts payable, accrued expenses and other liabilities | 332 | 696 | 171 |
| Other, net | 272 | 197 | 134 |
| Net cash provided by (used in) operating activities | 3,770 | 4,086 | 4,026 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Fixed maturities and equity securities | 2,655 | 2,012 | 1,544 |
| Investment maturities and repayments: | |||
| Fixed maturities and equity securities | 2,151 | 2,051 | 1,755 |
| Commercial mortgage loans | 215 | 335 | 316 |
| Other sales, maturities and repayments (primarily short-term and other long-term investments) | 734 | 1,702 | 1,431 |
| Investments purchased or originated: | |||
| Fixed maturities and equity securities | (5,637) | (5,628) | (5,191) |
| Commercial mortgage loans | (312) | (430) | (165) |
| Other (primarily short-term and other long-term investments) | (1,189) | (1,065) | (1,698) |
| Property and equipment purchases | (528) | (471) | (461) |
| Acquisitions, net of cash acquired | (24,455) | (209) | (4) |
| Other, net | (12) | 0 | (101) |
| Net cash provided by (used in) investing activities | (26,378) | (1,703) | (2,574) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,040 | 1,230 | 1,460 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,151) | (1,363) | (1,362) |
| Net change in short-term debt | 1,487 | 80 | (148) |
| Payments for debt extinguishment | 0 | (313) | 0 |
| Repayment of long-term debt | (131) | (1,250) | 0 |
| Net proceeds on issuance of long-term debt | 22,856 | 1,581 | 0 |
| Repurchase of common stock | (342) | (2,725) | (139) |
| Issuance of common stock | 68 | 131 | 36 |
| Other, net | (312) | (22) | (72) |
| Net cash provided by (used in) financing activities | 23,515 | (2,651) | (225) |
| Effect of foreign currency rate changes on cash and cash equivalents | (24) | 55 | (10) |
| Net increase / (decrease) in cash and cash equivalents | 883 | (213) | 1,217 |
| Cash and cash equivalents, January 1, | 2,972 | 3,185 | |
| Cash and cash equivalents, December 31, | 3,855 | 2,972 | 3,185 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 1,019 | 1,036 | 1,064 |
| Interest paid | 267 | 240 | 244 |
| External Links | |
| CIGNA GROUP (CI) Fiscal Year 2018 | |
| 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 |