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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,856 $ 4,662
Investments 4,438 4,325
Receivables 3,491 3,299
Prepaid expenses and other current assets 472 487
Total current assets 13,257 12,773
Property, equipment, and capitalized software, net 287 288
Goodwill, and intangible assets, net 2,175 1,938
Restricted investments 311 286
Deferred income taxes, net 193 207
Other assets 163 138
Total assets 16,386 15,630
Current liabilities:    
Medical claims and benefits payable 4,804 4,640
Amounts due government agencies 1,863 1,874
Accounts payable, accrued liabilities and other 1,119 1,331
Deferred revenue 369 51
Total current liabilities 8,155 7,896
Long-term debt 3,574 2,923
Finance lease liabilities 192 195
Other long-term liabilities 155 120
Total liabilities 12,076 11,134
Stockholders’ equity:    
Common stock, $0.001 par value, 150 million shares authorized; outstanding: 54 million shares at March 31, 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 434 462
Accumulated other comprehensive loss (28) (57)
Retained earnings 3,904 4,091
Total stockholders’ equity 4,310 4,496
Total liabilities and stockholders’ equity $ 16,386 $ 15,630