Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Income Statement
- Statement of Comprehensive Income
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Elevance Health Inc., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
An analysis of the annual financial data reveals several notable trends and shifts in asset composition over the observed five-year period.
- Liquidity Position
- Cash and cash equivalents exhibited fluctuations, declining from US$5,741 million in 2020 to US$4,880 million in 2021, then increasing significantly to US$7,387 million in 2022, followed by a slight decrease in 2023, and a substantial rise again to US$8,288 million by 2024. This pattern indicates active liquidity management with a strong ending position.
- Investment Securities
- Fixed maturity securities showed a general upward trend from US$23,433 million in 2020 to a peak of US$29,614 million in 2023, before declining to US$25,201 million in 2024, suggesting strategic repositioning in bond investments. Equity securities demonstrated volatility, rising initially to US$1,881 million in 2021, then dropping sharply to US$229 million in 2023, with recovery to US$1,192 million in 2024, indicating possible adjustments in equity holdings or market valuation impacts.
- Receivables and Current Assets
- Premium receivables steadily increased each year from US$5,279 million to US$8,011 million, reflecting growth in revenue-related receivables. Similarly, self-funded receivables and other receivables rose consistently, signaling expansion in account balances owed. Other current assets increased until 2023, then dropped notably in 2024. Overall, current assets grew from US$45,751 million in 2020 to US$60,029 million in 2023, with a slight decrease to US$58,942 million in 2024. The emergence of assets held for sale at US$490 million in 2024 suggests divestment activity.
- Noncurrent Investments and Assets
- Fixed maturity securities categorized under noncurrent assets increased steadily, while other invested assets and long-term investments both demonstrated robust growth, especially in 2024 where long-term investments jumped to US$10,784 million from US$6,983 million in 2023. This indicates a strategic emphasis on expanding long-term investment holdings.
- Property, Equipment, and Intangible Assets
- The net value of property and equipment showed consistent growth, signaling ongoing capital expenditures and asset maintenance. Goodwill increased progressively from US$21,691 million to US$28,277 million, indicating acquisitions or valuation adjustments. Other intangible assets remained relatively stable with minor fluctuations but rose notably in 2024 to US$12,094 million, reflecting possible additions or revaluations.
- Total Assets
- The total asset base expanded steadily from US$86,615 million in 2020 to US$116,889 million in 2024, showcasing overall growth and asset accumulation. This growth was driven by increases across cash, receivables, invested assets, and intangibles.