Stock Analysis on Net

Anthem Inc. (NYSE:ANTM)

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Anthem Inc., consolidated cash flow statement

US$ in millions

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income 6,095  4,572  4,807  3,750  3,843 
Net (gains) losses on financial instruments (318) (182) (67) 206  (112)
Equity in net earnings of other invested assets (562) (51) (93) —  — 
Depreciation and amortization 1,302  1,154  1,133  1,132  890 
Deferred income taxes 326  (540) 81  91  (1,272)
Impairment of property and equipment 73  198  —  —  — 
Share-based compensation 255  283  294  226  170 
Receivables, net (2,138) (256) (1,053) (695) (22)
Other invested assets (70) (32) (48) (1) (36)
Other assets 37  (283) (170) (26) (629)
Policy liabilities 2,597  3,528  1,826  (1,059) 732 
Unearned income (113) 202  115  (36) (120)
Accounts payable and other liabilities 719  1,978  (445) 97  802 
Income taxes 140  72  (325) 323  (194)
Other, net 21  45  (181) 133 
Changes in operating assets and liabilities 1,193  5,254  (94) (1,578) 666 
Adjustments to reconcile net income to net cash provided by operating activities 2,269  6,116  1,254  77  342 
Net cash provided by operating activities 8,364  10,688  6,061  3,827  4,185 
Purchases of investments (18,669) (19,492) (22,954) (9,671) (16,375)
Proceeds from sale of investments 10,269  11,318  18,598  9,662  11,613 
Maturities, calls and redemptions from investments 4,344  4,741  2,437  1,938  1,848 
Changes in securities lending collateral (956) (849) 254  (149) 625 
Purchases of subsidiaries, net of cash acquired (3,476) (1,976) —  (1,760) (2,080)
Purchases of property and equipment (1,087) (1,021) (1,077) (1,208) (790)
Other, net (63) (45) (50) (71) 77 
Net cash used in investing activities (9,638) (7,324) (2,792) (1,259) (5,082)
Net proceeds from (repayments of) commercial paper borrowings 50  (150) (297) (107) 175 
Proceeds from long-term borrowings 3,462  2,484  2,473  835  5,458 
Repayments of long-term borrowings (1,068) (1,932) (1,123) (1,684) (2,815)
Proceeds from short-term borrowings 1,325  970  7,590  9,120  5,835 
Repayments of short-term borrowings (1,050) (1,670) (8,035) (9,250) (5,000)
Changes in securities lending payable 956  849  (254) 150  (625)
Proceeds from issuance of common stock under Equity Units stock purchase contracts —  —  —  1,250  — 
Repurchase and retirement of common stock (1,900) (2,700) (1,701) (1,685) (1,998)
Cash dividends (1,104) (954) (818) (776) (705)
Proceeds from issuance of common stock under employee stock plans 203  176  187  173  225 
Taxes paid through withholding of common stock under employee stock plans (102) (128) (84) (81) (47)
Other, net (349) 488  (204) (186) (77)
Net cash provided by (used in) financing activities 423  (2,567) (2,266) (2,241) 427 
Effect of foreign exchange rates on cash and cash equivalents (10) —  (2)
Change in cash and cash equivalents (861) 804  1,003  325  (466)
Cash and cash equivalents at beginning of year 5,741  4,937  3,934  3,609  4,075 
Cash and cash equivalents at end of year 4,880  5,741  4,937  3,934  3,609 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Anthem Inc. net cash provided by operating activities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Anthem Inc. net cash used in investing activities decreased from 2019 to 2020 and from 2020 to 2021.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Anthem Inc. net cash provided by (used in) financing activities decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.