10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ELEVANCE HEALTH, INC. | |||
Ticker: ELV Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 19, 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 | |
| Operating activities | |||
| Net income | $ 4,807 | 3,750 | 3,843 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Net realized (gains) losses on financial instruments | (114) | 180 | (145) |
| Other-than-temporary impairment losses recognized in income | 47 | 26 | 33 |
| Loss on extinguishment of debt | 2 | 11 | 282 |
| Loss on disposal of assets | 3 | 13 | 15 |
| Deferred income taxes | 81 | 91 | (1,272) |
| Amortization, net of accretion | 986 | 1,008 | 780 |
| Depreciation expense | 147 | 124 | 111 |
| Share-based compensation | 294 | 226 | 170 |
| Changes in operating assets and liabilities: | |||
| Receivables, net | (1,053) | (695) | (22) |
| Other invested assets | (48) | (1) | (36) |
| Other assets | (170) | (26) | (629) |
| Policy liabilities | 1,826 | (1,059) | 732 |
| Unearned income | 115 | (36) | (120) |
| Accounts payable and accrued expenses | (593) | 122 | 922 |
| Other liabilities | 148 | (25) | (120) |
| Income taxes | (325) | 323 | (194) |
| Other, net | (92) | (205) | (165) |
| Net cash provided by operating activities | 6,061 | 3,827 | 4,185 |
| Investing activities | |||
| Purchases of fixed maturity securities | (10,487) | (8,244) | (9,795) |
| Proceeds from fixed maturity securities: | |||
| Sales | 5,914 | 6,442 | 7,932 |
| Maturities, calls and redemptions | 2,437 | 1,938 | 1,848 |
| Purchases of equity securities | (11,825) | (896) | (5,416) |
| Proceeds from sales of equity securities | 12,364 | 2,809 | 3,463 |
| Purchases of other invested assets | (642) | (531) | (1,164) |
| Proceeds from sales of other invested assets | 320 | 411 | 219 |
| Changes in collateral and settlement of non-hedging derivatives | 0 | 0 | 65 |
| Changes in securities lending collateral | 254 | (149) | 625 |
| Purchases of subsidiaries, net of cash acquired | 0 | (1,760) | (2,080) |
| Purchases of property and equipment | (1,077) | (1,208) | (791) |
| Other, net | (50) | (71) | 12 |
| Net cash used in investing activities | (2,792) | (1,259) | (5,082) |
| Financing activities | |||
| Net (repayments of) proceeds from commercial paper borrowings | (297) | (107) | 175 |
| Proceeds from long-term borrowings | 2,473 | 835 | 5,458 |
| Repayments of long-term borrowings | (1,123) | (1,684) | (2,815) |
| Proceeds from short-term borrowings | 7,590 | 9,120 | 5,835 |
| Repayments of short-term borrowings | (8,035) | (9,250) | (5,000) |
| Changes in securities lending payable | (254) | 150 | (625) |
| Changes in bank overdrafts | (169) | (210) | 71 |
| Premiums paid on equity call options | (1) | 0 | |
| Proceeds from sale of put options | 0 | 1 | 1 |
| Proceeds from issuance of common stock under Equity Units stock purchase agreements | 0 | 1,250 | 0 |
| Repurchase and retirement of common stock | (1,701) | (1,685) | (1,998) |
| Change in collateral and settlements of debt-related derivatives | (34) | 23 | (149) |
| Cash dividends | (818) | (776) | (705) |
| Proceeds from issuance of common stock under employee stock plans | 187 | 173 | 225 |
| Taxes paid through withholding of common stock under employee stock plans | (84) | (81) | (46) |
| Net cash (used in) provided by financing activities | (2,266) | (2,241) | 427 |
| Effect of foreign exchange rates on cash and cash equivalents | 0 | (2) | 4 |
| Change in cash and cash equivalents | 1,003 | 325 | (466) |
| Cash and cash equivalents at beginning of year | 3,934 | 3,609 | |
| Cash and cash equivalents at end of year | 4,937 | 3,934 | 3,609 |
| External Links | |
| ELEVANCE HEALTH, INC. (ELV) 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 |