Stock Analysis on Net
Stock Analysis on Net

Anthem Inc. (NYSE:ANTM)

Adjustments to Financial Statements

Microsoft Excel LibreOffice Calc

Adjustments to Current Assets

Anthem Inc., adjusted current assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Current assets 45,751  39,033  34,321  36,263  34,315 
Adjustments
Add: Allowance for doubtful accounts 574  525  605  761  531 
After Adjustment
Adjusted current assets 46,325  39,558  34,926  37,024  34,846 

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-19), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22).

Adjustments to Total Assets

Anthem Inc., adjusted total assets

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Total assets 86,615  77,453  71,571  70,540  65,083 
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1 —  —  952  782  671 
Add: Allowance for doubtful accounts 574  525  605  761  531 
After Adjustment
Adjusted total assets 87,189  77,978  73,128  72,083  66,286 

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-19), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

Adjustments to Total Liabilities

Anthem Inc., adjusted total liabilities

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Total liabilities 53,416  45,725  43,030  44,037  39,983 
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1 —  —  952  782  671 
Less: Deferred income tax liabilities2 2,019  2,227  1,960  1,727  2,780 
Less: Liabilities for employee termination costs 187  —  —  —  — 
After Adjustment
Adjusted total liabilities 51,210  43,498  42,022  43,093  37,874 

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-19), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred income tax liabilities. See details »

Adjustments to Stockholders’ Equity

Anthem Inc., adjusted shareholders’ equity

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Shareholders’ equity 33,199  31,728  28,541  26,503  25,100 
Adjustments
Less: Net deferred income tax assets (liabilities)1 (2,019) (2,227) (1,960) (1,727) (2,780)
Add: Allowance for doubtful accounts 574  525  605  761  531 
Add: Liabilities for employee termination costs 187  —  —  —  — 
After Adjustment
Adjusted shareholders’ equity 35,979  34,480  31,106  28,990  28,411 

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-19), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22).

1 Net deferred income tax assets (liabilities). See details »

Adjustments to Capitalization Table

Anthem Inc., adjusted capitalization table

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Short-term borrowings —  700  1,145  1,275  440 
Current portion of long-term debt 700  1,598  849  1,275  928 
Long-term debt, less current portion 19,335  17,787  17,217  17,382  14,359 
Total reported debt 20,035  20,085  19,211  19,932  15,727 
Shareholders’ equity 33,199  31,728  28,541  26,503  25,100 
Total reported capital 53,234  51,813  47,752  46,435  40,827 
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1 —  —  952  782  671 
Add: Operating leases, lease liabilities, current (located in Other current liabilities)2 110  158  —  —  — 
Add: Operating leases, lease liabilities, noncurrent (located in Other noncurrent liabilities)3 847  482  —  —  — 
Adjusted total debt 20,992  20,725  20,163  20,714  16,398 
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)4 (2,019) (2,227) (1,960) (1,727) (2,780)
Add: Allowance for doubtful accounts 574  525  605  761  531 
Add: Liabilities for employee termination costs 187  —  —  —  — 
Adjusted shareholders’ equity 35,979  34,480  31,106  28,990  28,411 
After Adjustment
Adjusted total capital 56,971  55,205  51,269  49,704  44,810 

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-19), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Operating leases, lease liabilities, current (located in Other current liabilities). See details »

3 Operating leases, lease liabilities, noncurrent (located in Other noncurrent liabilities). See details »

4 Net deferred income tax assets (liabilities). See details »

Adjustments to Reported Income

Anthem Inc., adjusted net income

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
As Reported
Net income 4,572  4,807  3,750  3,843  2,470 
Adjustments
Add: Deferred income tax expense (benefit)1 (526) 75  112  (1,274) 129 
Add: Increase (decrease) in allowance for doubtful accounts 49  (80) (156) 230  (88)
Add: Increase (decrease) in liabilities for employee termination costs 187  —  —  —  — 
Add: Other comprehensive income (loss), net of tax 446  690  (474) 166  25 
After Adjustment
Adjusted net income 4,728  5,492  3,232  2,965  2,535 

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-19), 10-K (filing date: 2019-02-20), 10-K (filing date: 2018-02-21), 10-K (filing date: 2017-02-22).

1 Deferred income tax expense (benefit). See details »