Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Elevance Health Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Medical claims payable	16,111)	15,596)	13,518)	11,359)	8,842)
Reserves for future policy benefits	—)	—)	—)	—)	85)
Other policyholder liabilities	5,600)	5,933)	5,521)	4,590)	3,050)
Unearned income	1,402)	1,112)	1,153)	1,259)	1,017)
Accounts payable and accrued expenses	6,910)	5,607)	4,970)	5,493)	4,198)
Short-term borrowings	225)	265)	275)	—)	700)
Current portion of long-term debt	1,649)	1,500)	1,599)	700)	1,598)
Other current liabilities	9,894)	9,683)	7,849)	6,052)	4,127)
Current liabilities	41,791)	39,696)	34,885)	29,453)	23,617)
Long-term debt, less current portion	23,246)	22,349)	21,157)	19,335)	17,787)
Reserves for future policy benefits	778)	737)	802)	794)	674)
Deferred tax liabilities, net	1,970)	2,034)	2,805)	2,019)	2,227)
Other noncurrent liabilities	1,738)	1,562)	1,683)	1,815)	1,420)
Noncurrent liabilities	27,732)	26,682)	26,447)	23,963)	22,108)
Total liabilities	69,523)	66,378)	61,332)	53,416)	45,725)
Preferred stock, without par value; shares issued and outstanding: none	—)	—)	—)	—)	—)
Common stock, par value $0.01	2)	2)	2)	3)	3)
Additional paid-in capital	8,868)	9,084)	9,148)	9,244)	9,448)
Retained earnings	31,749)	29,724)	27,088)	23,802)	22,573)
Accumulated other comprehensive income (loss)	(1,313)	(2,503)	(178)	150)	(296)
Shareholders’ equity	39,306)	36,307)	36,060)	33,199)	31,728)
Noncontrolling interests	99)	87)	68)	—)	—)
Total equity	39,405)	36,394)	36,128)	33,199)	31,728)
Total liabilities and equity	108,928)	102,772)	97,460)	86,615)	77,453)

Based on: 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), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Elevance Health Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Elevance Health Inc. noncurrent liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Elevance Health Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Elevance Health Inc. shareholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Elevance Health Inc. (NYSE:ELV)

Balance Sheet: Liabilities and Stockholders’ Equity