ANTHEM, INC. ANTM Cash Flow

Anthem, inc. (ANTM)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities
Net income
1,523	934	1,183	1,139	1,551	425	959	1,054	1,312	1,231	746	855	1,009	368	617	780	703	180	654	859	865	506	630	731	701	148	656	800	885	464	691	643	856	335	683	701	926	548	739	722	876	2,741	730	693	580
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized (losses) gains on financial instruments
-24	24	1	11	78	-185	27	4	-26	7	114	16	7	28	88	12	-125	30	-11	92	46	43	25	65	41	105	95	54	16	102	54	70	106	41	94	41	57	47	61	36	48	36	52	15	-47
Depreciation and amortization
270	-	-	-	289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment losses recognized in income
-	-	-	-	-	8	6	4	8	12	5	7	8	11	11	25	66	28	19	21	14	13	13	10	10	25	26	9	37	17	3	5	10	59	22	8	2	10	3	6	19	40	30	74	305
Loss on extinguishment of debt
-	-	-	-	-	6	1	1	-19	-282	0	0	0	-	-	-	-	7	2	2	-3	-0	-74	-3	-3	0	-145	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-3	221	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-12	-2	0	-0	-1	-2	-0	-0	-2	-12	-0	-0	2	0	-0	-0	1	-2	-1	-0	-3	0	-1	-0	-0	-0	-1	-0	-0	0	-1	0	-7	-8	-0	-0
Deferred income taxes
57	110	-108	24	55	-50	139	53	-51	-1,034	-28	-52	-157	45	-18	26	73	-53	-60	-23	70	-77	59	-36	85	71	-26	5	9	-127	167	27	59	-77	40	66	44	-9	43	27	40	69	-25	28	-10
Amortization, net of accretion
-	-	-	-	-	256	257	255	240	199	196	191	193	206	202	199	199	203	-56	466	189	181	181	191	190	208	203	202	186	158	161	158	155	155	128	131	127	133	131	121	111	108	112	115	109
Impairment of goodwill and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	21	-	-	-	-
Depreciation
-	-	-	-	-	32	31	31	30	29	27	27	27	26	26	26	25	27	27	25	25	26	26	27	26	29	28	25	25	34	25	23	23	24	23	23	23	24	24	25	27	28	26	26	26
Impairment of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	1	0	2	47	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
67	68	86	70	70	91	57	36	42	39	43	44	42	40	41	44	37	37	42	41	27	43	36	50	38	42	40	41	21	22	52	39	32	36	37	38	22	39	39	43	14	37	39	51	24
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	5	2	6	39	3	3	20	68	6	10	6	22	6	9	9	4	5	0	3	19	3	2	13	22	3	2	1	21	4	3	1	0
Changes in operating assets and liabilities:
Receivables, net
639	173	291	-164	753	-128	253	607	-37	634	-746	411	-276	1,204	-156	162	170	496	-772	-111	429	879	181	223	616	50	-251	222	397	-323	-333	164	302	44	298	-209	268	-132	-282	25	279	356	-249	-109	486
Other invested assets
-63	18	2	7	21	-16	6	4	7	10	3	7	14	1	4	7	5	5	-15	-6	10	4	-6	9	14	16	-10	0	8	12	12	-6	21	0	-10	7	11	3	0	-1	-7	23	20	32	-13
Other assets
525	-110	22	133	125	-708	289	53	392	112	194	117	205	-797	640	167	117	-650	227	197	191	-714	200	38	69	85	-23	-86	58	-112	-44	3	74	152	-30	-22	160	230	-4	19	74	128	23	-40	7
Policy liabilities
692	432	143	460	791	-503	54	-49	-561	457	21	123	130	571	-303	81	-27	220	-306	-104	382	110	277	307	545	-215	8	-209	70	-36	85	-22	-79	330	121	217	309	91	-364	-125	68	-255	-125	-398	31
Unearned income
-109	69	48	-98	96	6	-1,200	-24	1,182	-1,090	104	-88	954	-641	780	-188	-124	200	-5	-129	-31	74	50	-119	250	-116	116	-42	-31	-90	-884	83	697	-712	600	-9	156	-98	-45	-82	67	-37	24	-79	65
Accounts Payable and Other Operating Liabilities
588	-	-	-	-354	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-634	727	329	-300	359	616	170	-223	95	-256	276	66	180	-534	420	-189	-3	-223	350	-137	207	159	160	-224	40	-66	7	-388	203	44	-112	-344	94	144	-8	-288	709	215	-92	120
Other liabilities
-	-	-	-	-	-215	120	-77	147	-371	169	41	40	224	398	-56	39	217	-18	87	401	-239	19	104	107	-76	-62	-50	35	-75	-245	190	-2	-8	-113	175	-67	-91	-199	103	-21	-266	-117	118	16
Income taxes
491	-244	205	-401	115	50	86	-350	537	-550	74	-378	659	-231	72	-169	507	-321	15	-287	635	-102	-111	-176	356	-78	-46	-301	435	5	-75	-394	391	-58	200	-630	443	-95	163	-477	-830	1,135	162	-254	347
Other, net
-13	16	16	54	6	45	55	51	54	113	8	-2	46	43	31	21	0	-13	12	9	-3	12	18	29	24	-23	34	17	10	37	-14	7	10	-10	4	10	11	4	5	21	12	4	-3	7	-8
Net cash provided by operating activities
2,515	1,327	1,667	1,437	1,630	463	607	542	2,215	-1,301	2,404	393	2,688	276	964	669	1,359	1,045	343	1,173	1,650	305	605	1,071	1,387	272	1,397	425	956	759	240	521	1,223	57	1,429	771	1,114	587	896	256	-322	29	1,439	377	1,192
Investing activities
Payments to acquire investments
3,896	-	-	-	6,069	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investments
2,728	-	-	-	5,236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of fixed maturity securities
-	-	-	-	-	1,454	1,904	2,650	2,236	-476	2,634	3,606	4,030	2,534	2,114	2,222	3,287	1,854	2,407	2,257	3,273	2,114	2,005	2,408	3,084	2,210	4,672	2,866	3,955	3,231	4,529	4,026	3,252	1,897	3,666	3,386	2,965	2,354	3,538	3,032	1,642	1,855	1,156	2,123	2,051
Proceeds from fixed maturity securities:
Sales
-	-	-	-	-	1,471	1,106	2,001	1,864	264	2,515	2,301	2,851	2,635	1,754	1,739	2,507	2,374	2,162	2,306	2,065	2,530	1,511	1,963	2,061	2,221	4,293	1,931	2,531	5,242	2,984	2,717	2,731	2,259	3,204	2,437	2,545	1,760	2,356	2,137	960	1,129	745	1,351	869
Maturities, calls and redemptions from investments
597	854	689	501	393	496	425	654	363	460	421	443	522	439	388	341	249	296	352	394	270	302	370	361	284	346	687	311	490	433	472	398	477	330	356	414	790	778	672	656	1,213	373	393	495	289
Purchases of equity securities
-	-	-	-	-	84	154	92	566	4,935	-25	139	367	297	146	285	747	94	77	338	1,051	381	170	130	228	355	394	40	29	-12	58	86	100	40	24	61	133	159	69	85	37	123	34	129	31
Proceeds from sales of equity securities
-	-	-	-	-	690	342	1	1,776	2,842	406	151	63	382	724	279	206	218	166	510	575	375	115	224	30	145	430	57	87	110	36	112	163	165	49	-2	74	40	40	70	45	124	33	251	168
Purchases of other invested assets
-	-	-	-	-	207	77	175	72	911	90	88	73	84	87	114	146	255	89	113	48	66	57	46	35	43	43	36	127	150	57	61	34	68	78	27	34	23	19	19	28	12	12	5	18
Proceeds from sales of other invested assets
-	-	-	-	-	160	53	175	23	55	42	45	76	31	53	120	99	26	21	23	15	48	40	10	25	74	30	15	7	10	6	14	3	10	5	6	7	9	3	14	7	1	0	1	0
Payments for (Proceeds from) Derivative Instrument, Investing Activities
-	-	-	-	-	-	-	-	-	0	-67	2	-0	14	35	-15	0	64	-59	0	32	0	21	0	46	0	29	0	80	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Collateral Held under Securities Lending
-	-	-	-	-	-137	116	12	158	-453	-306	-19	154	-280	-152	56	154	-217	-199	-305	508	-183	-248	622	354	132	167	93	12	-136	-65	50	-156	99	-38	21	-111	6	160	132	205	9	55	-143	-54
Purchases of subsidiaries, net of cash acquired
1,908	0	0	0	0	28	10	376	1,346	2,046	34	0	0	-	-	-	-	2	-5	5	635	0	0	0	0	-	-	-	-	3,604	87	904	1	-2	602	0	0	0	-0	0	0	0	0	65	1
Proceeds from sale of subsidiary, net of cash sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	740	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
204	351	271	221	234	320	355	315	218	275	218	169	127	168	164	133	117	229	178	140	88	304	139	135	135	238	158	142	107	169	149	102	123	185	127	104	101	117	110	102	120	106	114	89	68
Proceeds from sales of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	0	2	3	0	0	0	0
Other, net
101	17	15	40	-22	88	-2	-11	-4	0	-0	0	-11	0	3	0	0	-	-	-	-	0	0	0	0	-5	0	3	0	-4	0	0	0	1	6	9	13	25	24	21	4	28	0	0	3
Net cash used in investing activities
-2,784	723	-1,698	-1,165	-652	773	-688	-778	-566	-3,620	806	-1,041	-1,227	670	523	-316	-1,391	630	244	684	-2,711	660	-107	-783	-744	-147	-23	-867	-1,195	-1,266	-1,317	-1,987	20	381	-853	-752	282	-102	-849	-511	191	4,163	-201	-168	-790
Financing activities
Net proceeds from commercial paper borrowings
905	-100	-400	25	178	-53	650	-596	-108	-512	-660	-371	1,719	124	47	-147	-77	-283	268	58	638	-425	-441	108	379	-415	-126	90	260	-259	40	-48	37	-195	57	-162	763	-54	-109	-0	0	-40	-107	23	-273
Proceeds from long-term borrowings
300	0	2,473	-2	2	0	0	-1	836	5,458	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	990
Net proceeds from (repayments of) short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2
Repayments of long-term borrowings
52	200	850	10	63	291	730	0	663	1,885	0	528	401	0	0	0	0	310	456	1,913	16	-0	1,685	20	24	0	1,245	0	556	0	800	100	350	1	1	1	700	1	408	56	15	316	209	165	228
Proceeds from short-term borrowings
1,075	1,110	1,675	2,095	2,710	3,820	1,970	1,825	1,505	1,985	1,660	1,020	1,170	540	440	440	980	100	540	1,270	850	300	100	680	970	500	500	0	100	250	92	200	100	0	0	0	100	0	0	100	0	-	-	-	-
Repayments of short-term borrowings
700	1,120	1,975	2,180	2,760	3,945	1,820	1,830	1,655	1,890	1,060	980	1,070	540	440	540	980	100	540	1,180	800	0	250	1,020	780	450	500	0	0	192	100	100	100	0	0	0	100	-	-	-	-	-	-	-	-
Changes in securities lending payable
-	-	-	-	-	-137	117	12	158	-452	-307	-19	154	-280	-152	56	154	-217	-199	-305	508	-182	-248	622	354	132	167	93	12	-136	-65	50	-156	99	-38	22	-111	6	160	132	205	9	55	-143	-54
Changes in bank overdrafts
-	-	-	-	-	-307	28	193	-124	198	19	22	-168	201	296	128	-113	-56	46	-127	-105	200	-134	31	75	-62	-147	188	30	77	-70	-47	23	104	88	43	27	95	-26	-45	-50	10	-205	-169	19
Premiums paid on equity call options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	12	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of put options
-	-	-	-	-	-	-	-	-	0	1	0	0	-	-	-	-	0	0	3	12	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of common stock
529	305	644	458	294	493	397	400	395	363	1,126	458	50	0	0	0	0	0	105	636	774	343	578	814	1,262	449	554	275	340	668	655	493	679	685	897	714	741	1,015	463	1,493	1,388	827	693	437	681
Change in collateral and settlements of debt-related derivatives
-	-	-	-	-	-1	0	2	-24	-27	47	120	8	-674	566	230	237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collateral payments for debt-related derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends
240	202	204	206	206	193	195	196	192	180	181	171	172	171	171	170	170	163	163	163	166	117	119	120	123	110	111	112	113	87	90	93	95	85	88	91	92	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock under employee stock plans
44	50	37	24	76	40	38	35	60	47	27	47	103	28	19	20	50	16	14	45	109	32	85	52	130	149	221	129	23	24	3	48	35	15	14	167	47	27	23	22	69	48	34	25	17
Taxes paid through withholding of common stock under employee stock plans
107	2	2	2	78	4	1	3	73	0	0	3	41	3	0	7	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	5	2	6	39	3	3	20	68	6	10	6	22	6	9	9	4	5	0	3	19	3	2	13	22	3	2	1	21	4	3	1	0
Other, net
-17	-	-	-	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
679	-1,304	144	-677	-429	-1,561	-340	287	-627	2,433	-1,676	-1,563	1,234	579	-524	-444	-408	-1,108	-593	-1,703	311	-528	-560	-474	-258	-725	-536	123	-579	547	1,566	1,141	-1,167	-744	234	-723	-785	-939	167	-1,239	-1,157	-1,210	-1,121	-864	-206
Effect of foreign exchange rates on cash and cash equivalents
-2	-	-	-	-1	-	-	-	0	0	1	1	1	3	0	-1	2	-1	0	1	-5	-2	-3	-0	-0	1	1	0	-1	1	0	-2	1	-1	-2	1	2	-2	3	-3	-1	-	-	-	-
Change in cash and cash equivalents
408	747	112	-404	548	-326	-422	51	1,022	-2,488	1,536	-2,211	2,697	1,529	963	-93	-437	565	-5	156	-754	433	-66	-186	384	-598	838	-318	-819	42	489	-326	77	-306	808	-702	613	-457	218	-1,498	-1,289	2,973	117	-653	194