v3.25.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,221 $ 4,662
Investments 4,226 4,325
Receivables 3,515 3,299
Prepaid expenses and other current assets 590 487
Total current assets 12,552 12,773
Property, equipment, and capitalized software, net 323 288
Goodwill, and intangible assets, net 2,202 1,938
Restricted investments 300 286
Deferred income taxes, net 179 207
Other assets 142 138
Total assets 15,698 15,630
Current liabilities:    
Medical claims and benefits payable 4,844 4,640
Amounts due government agencies 1,440 1,874
Accounts payable, accrued liabilities and other 1,124 1,331
Deferred revenue 73 51
Total current liabilities 7,481 7,896
Long-term debt 3,664 2,923
Finance lease liabilities 188 195
Other long-term liabilities 174 120
Total liabilities 11,507 11,134
Stockholders’ equity:    
Common stock, $0.001 par value, 150 million shares authorized; outstanding: 51 million shares at September 30, 2025 and $56 million at December 31, 2024 0 0
Preferred stock, $0.001 par value; 20 million shares authorized, no shares issued and outstanding 0 0
Additional paid-in capital 420 462
Accumulated other comprehensive income (loss) 9 (57)
Retained earnings 3,762 4,091
Total stockholders’ equity 4,191 4,496
Total liabilities and stockholders’ equity $ 15,698 $ 15,630