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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 27, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash Flows from Operating Activities | |||
| Net Income | $ 5,120 | 2,646 | 2,232 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 3,651 | 695 | 566 |
| Realized investment (gains) losses | (177) | 81 | (237) |
| Deferred income taxes (benefits) | (313) | (101) | 242 |
| Debt extinguishment costs | 2 | 0 | 321 |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Accounts receivable | (713) | 705 | (233) |
| Inventories | 149 | (107) | (72) |
| Deferred policy acquisition costs | (242) | (237) | (282) |
| Reinsurance recoverables and other assets | (277) | (234) | 115 |
| Insurance liabilities | 575 | 560 | 506 |
| Pharmacy and service costs payable | (192) | (842) | 35 |
| Accounts payable, accrued expenses and other liabilities | 1,343 | 332 | 696 |
| Other, net | 559 | 272 | 197 |
| Net cash provided by (used in) operating activities | 9,485 | 3,770 | 4,086 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Debt securities and equity securities | 3,487 | 2,655 | 2,012 |
| Investment maturities and repayments: | |||
| Debt securities and equity securities | 1,825 | 2,151 | 2,051 |
| Commercial mortgage loans | 199 | 215 | 335 |
| Other sales, maturities and repayments (primarily short-term and other long-term investments) | 1,311 | 734 | 1,702 |
| Investments purchased or originated: | |||
| Debt securities and equity securities | (4,282) | (5,637) | (5,628) |
| Commercial mortgage loans | (307) | (312) | (430) |
| Other (primarily short-term and other long-term investments) | (1,753) | (1,189) | (1,065) |
| Property and equipment purchases | (1,050) | (528) | (471) |
| Acquisitions, net of cash acquired | (153) | (24,455) | (209) |
| Other, net | (11) | (12) | 0 |
| Net cash provided by (used in) investing activities | (734) | (26,378) | (1,703) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 955 | 1,040 | 1,230 |
| Withdrawals and benefit payments from contractholder deposit funds | (1,097) | (1,151) | (1,363) |
| Net change in short-term debt | (681) | 1,487 | 80 |
| Payments for debt extinguishment | (3) | 0 | (313) |
| Repayment of long-term debt | (4,491) | (131) | (1,250) |
| Net proceeds on issuance of long-term debt | 0 | 22,856 | 1,581 |
| Repurchase of common stock | (1,987) | (342) | (2,725) |
| Issuance of common stock | 224 | 68 | 131 |
| Other, net | (107) | (312) | (22) |
| Net cash provided by (used in) financing activities | (7,187) | 23,515 | (2,651) |
| Effect of foreign currency rate changes on cash and cash equivalents | (8) | (24) | 55 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,556 | 883 | (213) |
| Cash, cash equivalents and restricted cash, January 1, | 3,855 | 2,972 | |
| Cash, cash equivalents and restricted cash, ending balance | 5,411 | 3,855 | 2,972 |
| Cash reclassified to assets held for sale | (743) | 0 | 0 |
| Cash, cash equivalents, and restricted cash per Consolidated Balance Sheets | 4,668 [1] | 3,855 | 2,972 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 1,776 | 1,019 | 1,036 |
| Interest paid | 1,645 | 267 | 240 |
| [1] Includes restricted cash of $26 million reported in Other noncurrent assets and $23 million reported in Long-term investments as of December 31, 2019. | |||
| External Links | |
| CIGNA GROUP (CI) Fiscal Year 2019 | |
| 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 |