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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 582,771 $ 763,946
Short-term investments 272,113 230,007
Premium receivables 114,819 83,203
Deferred income taxes 28,008 28,063
Provider and other receivables 29,785 32,861
Prepaid expenses 39,929 13,538
Other current assets 14,319 7,083
Total current assets 1,081,744 1,158,701
Long-term investments 855,783 639,165
Investments on deposit for licensure 125,154 114,839
Property, equipment and software, net of accumulated depreciation of $189,830 and $174,683 at June 30, 2011 and December 31, 2010, respectively 99,315 96,967
Other long-term assets 13,109 13,220
Goodwill 260,496 260,496
Total assets 2,435,601 2,283,388
Current liabilities:    
Claims payable 519,508 510,675
Unearned revenue 104,213 103,067
Accrued payroll and related liabilities 44,504 71,253
Contractual refunds payable 66,865 44,563
Accounts payable, accrued expenses and other 159,876 121,283
Current portion of long-term convertible debt 251,432 0
Total current liabilities 1,146,398 850,841
Long-term convertible debt 0 245,750
Deferred income taxes 10,506 7,393
Other long-term liabilities 13,161 13,767
Total liabilities 1,170,065 1,117,751
Stockholders' equity:    
Common stock, $0.01 par value. Authorized 100,000,000 shares; outstanding 48,354,495 and 48,167,229 at June 30, 2011 and December 31, 2010, respectively 567 554
Additional paid-in capital 606,989 543,611
Accumulated other comprehensive income 5,982 627
Retained earnings 978,774 864,003
Stockholders' equity before treasury stock 1,592,312 1,408,795
Less treasury stock at cost (9,069,207 and 7,759,234 shares at June 30, 2011 and December 31, 2010, respectively) (326,776) (243,158)
Total stockholders' equity 1,265,536 1,165,637
Total liabilities and stockholders' equity $ 2,435,601 $ 2,283,388