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.

Humana 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
Benefits payable	10,241)	9,264)	8,289)	8,143)	6,004)
Trade accounts payable and accrued expenses	6,569)	5,238)	4,509)	4,013)	3,754)
Book overdraft	353)	298)	326)	320)	225)
Unearned revenues	266)	286)	254)	318)	247)
Short-term debt	1,443)	2,092)	1,953)	600)	699)
Current liabilities	18,872)	17,178)	15,331)	13,394)	10,929)
Long-term debt	10,213)	9,034)	10,541)	6,060)	4,967)
Other long-term liabilities	1,662)	1,473)	2,383)	1,787)	1,141)
Long-term liabilities	11,875)	10,507)	12,924)	7,847)	6,108)
Total liabilities	30,747)	27,685)	28,255)	21,241)	17,037)
Preferred stock, $1 par; none issued	—)	—)	—)	—)	—)
Common stock, $0.16 2/3 par	33)	33)	33)	33)	33)
Capital in excess of par value	3,346)	3,246)	3,082)	2,705)	2,820)
Retained earnings	27,540)	25,492)	23,086)	20,517)	17,483)
Accumulated other comprehensive income (loss)	(999)	(1,304)	42)	391)	156)
Treasury stock, at cost	(13,658)	(12,156)	(10,163)	(9,918)	(8,455)
Stockholders’ equity	16,262)	15,311)	16,080)	13,728)	12,037)
Noncontrolling interests	56)	59)	23)	—)	—)
Total equity	16,318)	15,370)	16,103)	13,728)	12,037)
Total liabilities and equity	47,065)	43,055)	44,358)	34,969)	29,074)

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.	Humana Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Humana Inc. long-term liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
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.	Humana Inc. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Stockholders’ 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.	Humana Inc. stockholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Humana Inc. (NYSE:HUM)

Balance Sheet: Liabilities and Stockholders’ Equity