10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
CIGNA GROUP | |||
Ticker: CI Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash Flows from Operating Activities | |||
| Net income | $ 5,415 | 8,489 | 5,120 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,923 | 2,802 | 3,651 |
| Realized investment (gains) losses, net | (196) | (149) | (177) |
| Deferred income tax (benefit) | (220) | (386) | (313) |
| Gain on sale of business | 0 | (4,203) | 0 |
| Debt extinguishment costs | 141 | 199 | 2 |
| Net changes in assets and liabilities, net of non-operating effects: | |||
| Accounts receivable | (2,843) | (1,496) | (713) |
| Inventories | (557) | (504) | 149 |
| Deferred policy acquisition costs | (267) | (307) | (242) |
| Reinsurance recoverable and Other assets | (389) | 230 | (277) |
| Insurance liabilities | 967 | 841 | 575 |
| Pharmacy and other service costs payable | 1,961 | 2,891 | (192) |
| Accounts payable and Accrued expenses and other liabilities | (77) | 1,346 | 1,343 |
| Other, net | 333 | 597 | 559 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 7,191 | 10,350 | 9,485 |
| Cash Flows from Investing Activities | |||
| Proceeds from investments sold: | |||
| Debt securities and equity securities | 2,030 | 2,283 | 3,487 |
| Investment maturities and repayments: | |||
| Debt securities and equity securities | 1,628 | 1,519 | 1,825 |
| Commercial mortgage loans | 180 | 19 | 199 |
| Other sales, maturities and repayments (primarily short-term and other long-term investments) | 1,936 | 1,575 | 1,311 |
| Investments purchased or originated: | |||
| Debt securities and equity securities | (3,553) | (4,765) | (4,282) |
| Commercial mortgage loans | (327) | (113) | (307) |
| Other (primarily short-term and other long-term investments) | (2,554) | (1,924) | (1,753) |
| Property and equipment purchases, net | (1,154) | (1,094) | (1,050) |
| Acquisitions, net of cash acquired | (1,833) | (139) | (153) |
| Divestiture, net of cash sold | (61) | 5,592 | 0 |
| Other, net | 97 | 23 | (11) |
| NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | (3,611) | 2,976 | (734) |
| Cash Flows from Financing Activities | |||
| Deposits and interest credited to contractholder deposit funds | 153 | 1,023 | 955 |
| Withdrawals and benefit payments from contractholder deposit funds | (168) | (979) | (1,097) |
| Net change in short-term debt | 975 | 60 | (681) |
| Net proceeds on issuance of term loan | 0 | 1,398 | 0 |
| Repayment of term loan | 0 | (1,400) | 0 |
| Payments for debt extinguishment | (136) | (212) | (3) |
| Repayment of long-term debt | (4,578) | (8,047) | (4,491) |
| Net proceeds on issuance of long-term debt | 4,260 | 3,465 | 0 |
| Repurchase of common stock | (7,742) | (4,042) | (1,987) |
| Issuance of common stock | 326 | 376 | 224 |
| Common stock dividend paid | (1,341) | (15) | (15) |
| Other, net | 39 | (160) | (92) |
| NET CASH (USED IN) FINANCING ACTIVITIES | (8,212) | (8,533) | (7,187) |
| Effect of foreign currency rate changes on cash, cash equivalents and restricted cash | (65) | 41 | (8) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (4,697) | 4,834 | 1,556 |
| Cash, cash equivalents and restricted cash January 1, | 10,245 [1] | 5,411 | |
| Cash, cash equivalents and restricted cash, December 31, | 5,548 | 10,245 [1] | 5,411 |
| Cash reclassified to assets of businesses held for sale | (425) | 0 | (743) |
| Total cash, cash equivalents and restricted cash and cash equivalents | 5,123 | 10,245 [2] | 4,668 |
| Supplemental Disclosure of Cash Information: | |||
| Income taxes paid, net of refunds | 2,240 | 1,837 | 1,776 |
| Interest paid | 1,253 | 1,439 | 1,645 |
| [1] Includes $743 million reported in Assets of businesses held for sale as of January 1, 2020. | |||
| [2] Restricted cash and cash equivalents were reported in Other long-term investments as of December 31, 2021 and December 31, 2020 and were reported in Other long-term investments and Other assets as of December 31, 2019. | |||
| External Links | |
| CIGNA GROUP (CI) Fiscal Year 2021 | |
| 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 |