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Humana Inc. (NYSE:HUM)

This company has been moved to the archive! The financial data has not been updated since October 30, 2024.

Common-Size Balance Sheet: Assets
Quarterly Data

Humana Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 10.23 10.98 11.80 9.97 27.10 28.72 25.07 11.75 26.71 11.01 10.50 7.65 9.50 8.87 10.36 13.36 20.75 18.63 17.48 13.94 18.94 16.53 13.68
Investment securities 38.06 34.78 33.33 35.33 27.09 27.01 27.26 32.24 25.85 27.84 28.27 29.74 30.27 35.38 35.42 35.90 33.11 33.38 32.06 37.74 35.74 34.56 34.84
Receivables, less allowances 4.29 8.16 7.84 4.32 3.26 2.53 5.67 3.89 3.17 7.20 6.85 4.09 4.15 6.40 5.87 3.25 2.95 5.82 5.80 3.63 2.91 3.13 6.90
Other current assets 13.26 11.66 12.51 14.09 10.98 10.39 10.51 12.93 10.68 11.52 12.33 14.64 13.05 17.08 16.58 15.09 13.44 14.64 15.55 13.09 12.06 15.52 13.99
Current assets held-for-sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current assets 65.84% 65.59% 65.47% 63.71% 68.43% 68.65% 68.52% 60.81% 66.41% 58.13% 57.96% 56.12% 56.96% 67.74% 68.22% 67.61% 70.25% 72.47% 70.89% 68.40% 69.65% 69.73% 69.40%
Property and equipment, net 5.39 5.63 5.95 6.44 5.98 5.86 5.90 7.48 6.34 6.67 6.89 6.93 6.39 7.07 6.70 6.78 5.79 5.51 5.84 6.72 6.39 6.21 6.19
Long-term investment securities 0.80 0.77 0.76 0.81 0.66 0.69 0.68 0.88 0.74 0.81 0.85 1.76 2.42 3.10 2.99 3.47 2.87 1.01 1.13 1.40 1.38 1.42 1.49
Equity method investments 1.46 1.47 1.46 1.57 1.36 1.30 1.35 1.74 1.45 0.37 0.30 0.32 0.32 3.26 3.22 3.35 3.01 2.92 3.16 3.66 3.64 3.65 3.70
Goodwill 19.18 19.10 19.09 20.29 17.06 16.90 17.01 21.23 17.92 19.03 24.05 25.01 23.84 12.91 12.30 12.72 11.55 11.55 12.83 13.51 13.44 13.56 13.75
Other long-term assets 7.34 7.43 7.27 7.18 6.51 6.60 6.54 7.85 7.14 7.88 9.96 9.87 10.07 5.92 6.56 6.09 6.52 6.54 6.15 6.31 5.50 5.42 5.49
Long-term assets held-for-sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-term assets 34.16% 34.41% 34.53% 36.29% 31.57% 31.35% 31.48% 39.19% 33.59% 41.87% 42.04% 43.88% 43.04% 32.26% 31.78% 32.39% 29.75% 27.53% 29.11% 31.60% 30.35% 30.27% 30.60%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The asset composition exhibits a high concentration of liquidity, with current assets consistently comprising the majority of the balance sheet, typically ranging between 56% and 72% of total assets. A significant structural shift in the asset profile occurred in the third quarter of 2021, marked by a substantial increase in intangible assets and a corresponding rise in total long-term assets.

Liquidity and Short-Term Investment Trends
Cash and cash equivalents demonstrate notable volatility, with periodic peaks exceeding 25% of total assets, particularly during 2022 and early 2023, followed by a contraction to approximately 10% by late 2024. Investment securities remain a primary asset component, generally fluctuating between 25% and 38%. A strengthening trend is observed toward the end of the analyzed period, with investment securities reaching a peak of 38.06% by September 30, 2024, indicating a strategic shift toward higher allocations in securities relative to cash.
Structural Shift in Long-Term Assets
A pivotal change occurred in September 2021, where goodwill jumped from approximately 12.9% to 23.8% of total assets. This increase coincided with a sharp decline in equity method investments, which fell from 3.26% to 0.32% in the same period. This pattern suggests a transition from minority stakes in other entities to full acquisitions. While goodwill has since moderated to approximately 19%, long-term assets as a percentage of the total balance sheet remain higher than pre-2021 levels, stabilizing around 34%.
Operational Asset Patterns
Receivables exhibit a recurring seasonal pattern, with peak percentages typically occurring in the first quarter of each year, often rising to between 5% and 8% before receding. Property and equipment, net, remain relatively stable, consistently representing between 5% and 7% of total assets, indicating that the business model is not heavily capital-intensive in terms of physical infrastructure.
Overall Asset Balance
The balance between current and long-term assets shifted from a roughly 70/30 split prior to late 2021 to a more varied distribution. Although current assets regained some dominance by 2024, the permanent increase in goodwill and other long-term assets reflects a broadened asset base following the strategic acquisitions of 2021.

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