Name: Humana Inc. (NYSE:HUM) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

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.

Assets: Selected Items

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Current Assets: Selected Items

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

US$ in millions

	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	5,116)	5,501)	5,910)	4,694)	15,148)	16,214)	13,735)	5,061)	13,558)	5,153)	4,864)	3,394)	4,304)	3,378)	3,877)	4,673)	7,985)	7,163)	6,054)	4,054)	5,527)	4,778)	3,877)
Investment securities	19,033)	17,424)	16,697)	16,626)	15,145)	15,251)	14,932)	13,881)	13,124)	13,037)	13,092)	13,192)	13,719)	13,471)	13,251)	12,554)	12,741)	12,836)	11,104)	10,972)	10,430)	9,991)	9,876)
Receivables, less allowances	2,144)	4,090)	3,925)	2,035)	1,824)	1,429)	3,107)	1,674)	1,609)	3,369)	3,174)	1,814)	1,879)	2,438)	2,196)	1,138)	1,135)	2,238)	2,009)	1,056)	848)	904)	1,955)
Other current assets	6,633)	5,843)	6,264)	6,631)	6,136)	5,865)	5,758)	5,567)	5,420)	5,393)	5,710)	6,493)	5,913)	6,503)	6,202)	5,276)	5,170)	5,631)	5,384)	3,806)	3,519)	4,487)	3,965)
Current assets held-for-sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	265)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	32,926)	32,858)	32,796)	29,986)	38,253)	38,759)	37,532)	26,183)	33,711)	27,217)	26,840)	24,893)	25,815)	25,790)	25,526)	23,641)	27,031)	27,868)	24,551)	19,888)	20,324)	20,160)	19,673)
Property and equipment, net	2,693)	2,821)	2,979)	3,030)	3,342)	3,309)	3,234)	3,221)	3,218)	3,121)	3,189)	3,073)	2,898)	2,690)	2,507)	2,371)	2,228)	2,118)	2,023)	1,955)	1,864)	1,796)	1,754)
Long-term investment securities	400)	388)	380)	382)	370)	389)	371)	380)	375)	380)	392)	780)	1,095)	1,182)	1,120)	1,212)	1,105)	389)	393)	406)	404)	411)	422)
Equity method investments	729)	736)	730)	740)	762)	733)	739)	749)	738)	174)	138)	141)	143)	1,240)	1,205)	1,170)	1,160)	1,122)	1,093)	1,063)	1,061)	1,056)	1,048)
Goodwill	9,590)	9,567)	9,563)	9,550)	9,540)	9,539)	9,320)	9,142)	9,096)	8,911)	11,139)	11,092)	10,806)	4,914)	4,602)	4,447)	4,443)	4,443)	4,443)	3,928)	3,922)	3,922)	3,897)
Other long-term assets	3,669)	3,723)	3,643)	3,377)	3,638)	3,726)	3,580)	3,380)	3,627)	3,690)	4,610)	4,379)	4,563)	2,254)	2,455)	2,128)	2,510)	2,515)	2,130)	1,834)	1,605)	1,568)	1,555)
Long-term assets held-for-sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	3,327)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Long-term assets	17,081)	17,235)	17,295)	17,079)	17,652)	17,696)	17,244)	16,872)	17,054)	19,603)	19,468)	19,465)	19,505)	12,280)	11,889)	11,328)	11,446)	10,587)	10,082)	9,186)	8,856)	8,753)	8,676)
Total assets	50,007)	50,093)	50,091)	47,065)	55,905)	56,455)	54,776)	43,055)	50,765)	46,820)	46,308)	44,358)	45,320)	38,070)	37,415)	34,969)	38,477)	38,455)	34,633)	29,074)	29,180)	28,913)	28,349)

Total assets exhibited a significant long-term expansion, growing from 28,349 million US dollars in March 2019 to a peak of 56,455 million US dollars in June 2023, before stabilizing at 50,007 million US dollars by September 2024. This overall growth was primarily driven by substantial increases in current assets and the recognition of significant goodwill during the analyzed period.

Liquidity and Cash Management: Cash and cash equivalents demonstrated high volatility, characterized by periodic surges and sharp contractions. Notable peaks occurred in June 2023 at 16,214 million US dollars and September 2022 at 13,558 million US dollars, followed by significant reductions, such as the drop to 4,694 million US dollars by December 2023. In contrast, investment securities showed a consistent and steady upward trajectory, increasing from 9,876 million US dollars in March 2019 to 19,033 million US dollars in September 2024, suggesting a strategic shift toward longer-term liquid holdings.
Strategic Asset Shifts and Goodwill: A structural change in the balance sheet is evident in September 2021, where goodwill surged from 4,914 million US dollars in June 2021 to 10,806 million US dollars. This increase coincided with a sharp decline in equity method investments, which fell from 1,240 million US dollars to 143 million US dollars in the same period, indicating a transition from minority interests to full acquisitions. Goodwill remained relatively stable above 9,000 million US dollars through September 2024.
Working Capital Components: Receivables exhibited cyclical fluctuations, frequently peaking in the first quarter of each year. For instance, balances rose to 3,925 million US dollars in March 2024 before declining to 2,144 million US dollars by September 2024. Other current assets maintained a gradual growth trend, rising from 3,965 million US dollars in March 2019 to 6,633 million US dollars by the end of the period.
Non-Current Asset Trends: Property and equipment, net, showed a steady increase from 1,754 million US dollars in March 2019 to a peak of 3,342 million US dollars in September 2023, followed by a moderate decline to 2,693 million US dollars by September 2024. Long-term investment securities remained remarkably stable, fluctuating within a narrow range between 370 million and 1,212 million US dollars throughout the five-year span.

The overall asset composition reveals a transition toward a larger, more acquisition-heavy balance sheet with a strong emphasis on investment securities. While total assets have increased substantially since 2019, the recent trend since mid-2023 indicates a period of consolidation and a reduction in total asset volume from its peak.

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Humana Inc. (NYSE:HUM)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data