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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 25, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 8,489 | 5,120 | 2,646 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,802 | 3,651 | 695 |
| Realized investment losses (gains), net | (149) | (177) | 81 |
| Deferred income tax (benefit) | (386) | (313) | (101) |
| Gain on sale of business | (4,203) | 0 | 0 |
| Debt extinguishment costs | 199 | 2 | 0 |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Accounts receivable | (1,496) | (713) | 705 |
| Inventories | (504) | 149 | (107) |
| Deferred policy acquisition costs | (307) | (242) | (237) |
| Reinsurance recoverable and Other assets | 230 | (277) | (234) |
| Insurance liabilities | 841 | 575 | 560 |
| Pharmacy and other service costs payable | 2,891 | (192) | (842) |
| Accounts payable and Accrued expenses and other liabilities | 1,346 | 1,343 | 332 |
| Other, net | 597 | 559 | 272 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 10,350 | 9,485 | 3,770 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Debt securities and equity securities | 2,283 | 3,487 | 2,655 |
| Investment maturities and repayments: | |||
| Debt securities and equity securities | 1,519 | 1,825 | 2,151 |
| Commercial mortgage loans | 19 | 199 | 215 |
| Other sales, maturities and repayments (primarily short-term and other long-term investments) | 1,575 | 1,311 | 734 |
| Investments purchased or originated: | |||
| Debt securities and equity securities | (4,765) | (4,282) | (5,637) |
| Commercial mortgage loans | (113) | (307) | (312) |
| Other (primarily short-term and other long-term investments) | (1,924) | (1,753) | (1,189) |
| Property and equipment purchases, net | (1,094) | (1,050) | (528) |
| Acquisitions, net of cash acquired | (139) | (153) | (24,455) |
| Divestiture, net of cash sold | 5,592 | 0 | 0 |
| Other, net | 23 | (11) | (12) |
| NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 2,976 | (734) | (26,378) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 1,023 | 955 | 1,040 |
| Withdrawals and benefit payments from contractholder deposit funds | (979) | (1,097) | (1,151) |
| Net change in short-term debt | 60 | (681) | 1,487 |
| Net proceeds on issuance of term loan | 1,398 | 0 | 0 |
| Repayment of term loan | (1,400) | 0 | 0 |
| Payments for debt extinguishment | (212) | (3) | 0 |
| Repayment of long-term debt | (8,047) | (4,491) | (131) |
| Net proceeds on issuance of long-term debt | 3,465 | 0 | 22,856 |
| Repurchase of common stock | (4,042) | (1,987) | (342) |
| Issuance of common stock | 376 | 224 | 68 |
| Other, net | (175) | (107) | (312) |
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (8,533) | (7,187) | 23,515 |
| Effect of foreign currency rate changes on cash, cash equivalents and restricted cash | 41 | (8) | (24) |
| Net increase in cash, cash equivalents and restricted cash | 4,834 | 1,556 | 883 |
| Cash, cash equivalents and restricted cash January 1, | 5,411 | 3,855 | |
| Cash, cash equivalents and restricted cash, December 31, | 10,245 | 5,411 | 3,855 |
| Cash reclassified to assets of business held for sale | 0 | (743) | 0 |
| Cash, cash equivalents, and restricted cash December 31, per Consolidated Balance Sheets | 10,245 | 4,668 | 3,855 [1] |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 1,837 | 1,776 | 1,019 |
| Interest paid | 1,439 | 1,645 | 267 |
| [1] See table below for Cash, cash equivalents and restricted cash reconciliation as of December 31, 2020 and December 31, 2019. | |||
| External Links | |
| CIGNA GROUP (CI) Fiscal Year 2020 | |
| 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 |