ANTHEM, INC. ANTM Cash Flow

Anthem, inc. (ANTM)

CashFlow / TTM

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
4,779	4,807	4,298	4,074	3,989	3,750	4,556	4,343	4,145	3,843	2,980	2,851	2,776	2,470	2,282	2,319	2,397	2,560	2,885	2,861	2,733	2,569	2,211	2,236	2,305	2,489	2,805	2,840	2,684	2,655	2,526	2,518	2,576	2,646	2,860	2,916	2,936	2,887	5,080	5,071	5,042	4,745	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized (losses) gains on financial instruments
12	114	-95	-69	-76	-180	12	99	111	145	166	141	137	5	6	-93	-14	157	170	208	181	177	238	308	296	271	269	228	244	334	273	313	284	235	241	207	202	194	182	173	152	56	0	0	0
Depreciation and amortization
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment losses recognized in income
-	-	-	-	-	26	30	29	32	33	32	37	56	115	132	140	136	83	68	63	52	49	61	73	71	98	90	67	64	37	80	99	101	93	44	24	22	39	69	97	164	450	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-11	-299	-300	-301	-282	0	0	0	-	-	-	-	9	1	-75	-81	-81	-80	-151	-148	-145	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	218	218	218	221	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-15	-4	-4	-5	-5	-5	-15	-15	-16	-11	1	0	1	0	-2	-3	-3	-8	-5	-5	-4	-2	-3	-3	-3	-3	-2	-3	-1	-8	-16	-15	-16	0	0	0
Deferred income taxes
83	81	-79	168	197	91	-893	-1,060	-1,165	-1,272	-192	-182	-103	127	28	-13	-63	-65	-90	29	16	30	179	93	135	59	-139	54	76	127	178	50	89	74	142	145	106	101	180	110	112	61	0	0	0
Amortization, net of accretion
-	-	-	-	-	1,008	951	890	826	780	787	793	801	808	805	546	812	802	780	1,018	743	744	771	792	804	800	751	709	665	633	630	596	569	541	519	522	513	497	473	454	448	446	0	0	0
Impairment of goodwill and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	0	0	0	-	-	-	-
Depreciation
-	-	-	-	-	124	121	117	113	111	108	106	105	104	105	107	106	105	104	103	105	106	109	110	109	107	112	110	108	107	97	95	95	95	96	96	98	103	106	108	108	107	0	0	0
Impairment of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	51	49	49	47	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
291	294	317	288	254	226	174	160	169	170	171	169	170	165	161	162	158	148	154	148	157	168	168	171	163	146	126	138	135	146	160	145	144	134	137	139	144	136	134	134	142	153	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	54	52	52	66	95	99	106	92	46	46	45	48	30	29	19	13	28	27	28	38	42	41	41	29	28	29	30	30	9	0	0	0
Changes in operating assets and liabilities:
Receivables, net
939	1,053	752	714	1,485	695	1,457	457	261	22	592	1,182	934	1,381	673	57	-216	42	425	1,379	1,713	1,899	1,071	637	636	418	44	-37	-94	-189	177	810	435	401	224	-356	-121	-109	379	413	277	484	0	0	0
Other invested assets
-36	48	14	18	15	1	27	24	28	36	27	28	28	19	23	3	-10	-5	-7	2	17	21	34	29	21	15	10	33	25	38	26	4	18	8	12	22	13	-5	14	34	69	62	0	0	0
Other assets
570	170	-428	-161	-241	26	846	751	815	629	-280	165	215	128	274	-138	-107	-33	-97	-124	-284	-405	394	169	44	33	-164	-184	-94	-79	185	198	173	259	337	363	405	320	218	246	186	119	0	0	0
Policy liabilities
1,727	1,826	891	802	293	-1,059	-99	-132	40	732	846	521	479	322	-29	-31	-217	193	83	666	1,077	1,240	914	646	128	-345	-167	-90	96	-53	313	349	589	978	739	253	-89	-330	-677	-438	-711	-748	0	0	0
Unearned income
-90	115	52	-1,196	-1,122	-36	-1,132	172	107	-120	328	1,004	904	-174	668	-117	-58	33	-91	-36	-26	255	63	129	207	-73	-48	-1,048	-922	-193	-814	669	576	35	649	2	-69	-158	-98	-28	-25	-27	0	0	0
Accounts Payable and Other Operating Liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	122	1,115	1,004	845	922	658	-214	-108	182	267	-11	132	-123	-307	3	-66	-14	197	580	390	303	136	-89	-242	-406	-243	-132	-252	-208	-318	-217	-113	-58	556	627	543	952	0	0	0
Other liabilities
-	-	-	-	-	-25	-181	-131	-13	-120	475	704	606	606	598	181	324	686	230	268	285	-7	154	72	-82	-154	-153	-335	-94	-132	-66	65	50	-13	-96	-182	-254	-208	-383	-301	-286	-248	0	0	0
Income taxes
51	-325	-31	-150	-99	323	-277	-288	-316	-194	124	122	331	179	89	31	-85	41	261	134	245	-34	-10	54	-70	9	93	64	-29	-73	-138	138	-97	-44	-81	-118	34	-1,239	-8	-9	214	1,391	0	0	0
Other, net
73	92	121	160	157	205	273	226	172	165	95	118	142	97	40	21	9	5	30	36	56	84	48	64	52	38	98	50	41	40	-7	11	13	14	29	31	42	43	43	33	20	0	0	0	0
Net cash provided by operating activities
6,946	6,061	5,197	4,137	3,242	3,827	2,063	3,860	3,711	4,185	5,762	4,321	4,598	3,270	4,038	3,417	3,921	4,211	3,472	3,734	3,632	3,369	3,337	4,128	3,482	3,052	3,539	2,382	2,478	2,744	2,042	3,232	3,482	3,374	3,903	3,370	2,854	1,416	859	1,402	1,524	3,038	0	0	0
Investing activities
Payments to acquire investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of fixed maturity securities
-	-	-	-	-	8,244	6,314	7,044	8,000	9,795	12,805	12,285	10,901	10,158	9,478	9,770	9,805	9,792	10,052	9,650	9,801	9,613	9,709	12,375	12,833	13,704	14,725	14,583	15,743	15,040	13,706	12,842	12,202	11,914	12,371	12,243	11,890	10,567	10,068	7,686	6,777	7,186	0	0	0
Proceeds from fixed maturity securities:
Sales
-	-	-	-	-	6,442	5,235	6,644	6,944	7,932	10,303	9,542	8,980	8,636	8,375	8,783	9,351	8,909	9,064	8,412	8,069	8,066	7,757	10,539	10,507	10,977	13,998	12,689	13,476	13,675	10,692	10,912	10,632	10,446	9,947	9,100	8,800	7,215	6,583	4,973	4,187	4,096	0	0	0
Maturities, calls and redemptions from investments
2,641	2,437	2,079	1,815	1,968	1,938	1,902	1,898	1,688	1,848	1,827	1,794	1,692	1,419	1,275	1,239	1,292	1,313	1,319	1,338	1,304	1,318	1,363	1,679	1,630	1,836	1,923	1,708	1,794	1,781	1,677	1,562	1,578	1,891	2,340	2,655	2,898	3,321	2,915	2,637	2,475	1,551	0	0	0
Purchases of equity securities
-	-	-	-	-	896	5,747	5,568	5,615	5,416	778	949	1,095	1,476	1,272	1,204	1,257	1,561	1,848	1,942	1,734	912	885	1,109	1,019	820	452	116	161	232	285	250	225	259	378	422	447	350	315	281	325	318	0	0	0
Proceeds from sales of equity securities
-	-	-	-	-	2,809	4,961	5,025	5,176	3,463	1,003	1,321	1,449	1,593	1,429	871	1,102	1,471	1,628	1,577	1,291	746	516	831	663	721	685	291	346	422	477	491	376	287	162	153	227	197	281	273	454	577	0	0	0
Purchases of other invested assets
-	-	-	-	-	531	1,235	1,248	1,162	1,164	337	334	360	433	603	605	604	505	317	284	218	205	182	169	159	251	357	372	396	303	221	242	208	207	163	104	96	91	80	73	59	49	0	0	0
Proceeds from sales of other invested assets
-	-	-	-	-	411	306	295	165	219	195	207	282	305	299	267	170	85	107	127	114	124	150	140	145	127	63	39	39	35	35	34	25	29	28	26	34	34	26	23	10	3	0	0	0
Payments for (Proceeds from) Derivative Instrument, Investing Activities
-	-	-	-	-	-	-	-	-	-65	-51	51	34	35	85	-10	5	36	-27	53	53	67	67	75	75	109	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Collateral Held under Securities Lending
-	-	-	-	-	149	-167	-589	-621	-625	-452	-298	-221	-222	-159	-206	-568	-214	-179	-228	698	545	860	1,276	747	405	136	-95	-138	-307	-72	-45	-73	-28	-121	77	187	504	508	403	127	-132	0	0	0
Purchases of subsidiaries, net of cash acquired
1,908	0	28	38	414	1,760	3,778	3,802	3,426	2,080	0	0	0	-	-	-	-	638	636	641	635	0	0	0	0	-	-	-	-	4,597	990	1,505	601	600	602	0	0	0	0	0	65	66	0	0	0
Proceeds from sale of subsidiary, net of cash sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	740	740	740	740	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
1,047	1,077	1,046	1,130	1,224	1,208	1,163	1,026	881	791	684	630	594	584	645	659	666	638	712	673	667	714	649	668	674	646	577	568	528	544	560	538	541	519	452	435	433	451	439	443	429	378	0	0	0
Proceeds from sales of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	5	3	0	0	0	0
Other, net
173	50	121	104	53	71	-17	-15	-4	-12	-12	-8	-8	3	0	0	0	-	-	-	-	0	-5	-5	-1	-1	-0	-0	-3	-3	2	8	18	31	55	73	84	75	79	54	33	32	0	0	0
Net cash used in investing activities
-4,924	-2,792	-2,742	-1,732	-1,345	-1,259	-5,652	-4,157	-4,421	-5,082	-791	-1,075	-350	-514	-554	-832	169	-1,151	-1,122	-1,474	-2,942	-974	-1,782	-1,698	-1,783	-2,234	-3,353	-4,647	-5,767	-4,551	-2,903	-2,439	-1,204	-942	-1,425	-1,421	-1,181	-1,271	2,994	3,641	3,985	3,002	0	0	0
Financing activities
Net proceeds from commercial paper borrowings
430	-297	-250	800	179	-107	-566	-1,876	-1,652	175	811	1,520	1,743	-53	-461	-240	-33	682	540	-169	-119	-379	-369	-54	-72	-191	-35	132	-6	-229	-164	-147	-261	463	603	437	598	-164	-149	-148	-123	-397	0	0	0
Proceeds from long-term borrowings
2,771	2,473	2,473	0	1	835	6,293	6,293	6,294	5,458	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	990	0	0	0
Net proceeds from (repayments of) short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayments of long-term borrowings
1,112	1,123	1,214	1,094	1,084	1,684	3,278	2,548	3,076	2,815	930	929	401	0	310	767	2,680	2,697	2,385	3,615	1,722	1,730	1,730	1,290	1,269	1,801	1,802	1,357	1,457	1,251	1,252	453	355	705	705	1,112	1,167	481	796	597	706	919	0	0	0
Proceeds from short-term borrowings
5,955	7,590	10,300	10,595	10,325	9,120	7,285	6,975	6,170	5,835	4,390	3,170	2,590	2,400	1,960	2,060	2,890	2,760	2,960	2,520	1,930	2,050	2,250	2,650	1,970	1,100	850	442	642	642	392	300	100	100	100	100	200	100	0	0	0	-	-	-	-
Repayments of short-term borrowings
5,975	8,035	10,860	10,705	10,355	9,250	7,195	6,435	5,585	5,000	3,650	3,030	2,590	2,500	2,060	2,160	2,800	2,620	2,520	2,230	2,070	2,050	2,500	2,750	1,730	950	692	292	392	492	300	200	100	100	0	0	0	-	-	-	-	-	-	-	-
Changes in securities lending payable
-	-	-	-	-	150	-165	-589	-621	-625	-453	-298	-221	-222	-159	-206	-568	-214	-179	-228	698	545	860	1,276	747	405	136	-95	-138	-307	-72	-45	-73	-29	-121	77	187	504	508	403	127	-132	0	0	0
Changes in bank overdrafts
-	-	-	-	-	-210	295	286	115	71	74	351	457	513	254	4	-251	-243	13	-166	-7	173	-89	-102	54	9	149	225	-10	-17	10	169	259	264	254	139	50	-28	-112	-290	-414	-344	0	0	0
Premiums paid on equity call options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	16	16	12	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of put options
-	-	-	-	-	-	-	-	-	1	0	0	0	-	-	-	-	16	16	16	12	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of common stock
1,936	1,701	1,889	1,642	1,584	1,685	1,555	2,284	2,342	1,998	1,635	509	50	0	0	105	741	1,515	1,858	2,332	2,510	2,998	3,105	3,081	2,542	1,620	1,838	1,938	2,157	2,496	2,514	2,757	2,978	3,039	3,369	2,935	3,713	4,360	4,172	4,401	3,345	2,638	0	0	0
Change in collateral and settlements of debt-related derivatives
-	-	-	-	-	-23	-49	-1	117	149	-498	20	130	360	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collateral payments for debt-related derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends
852	818	809	800	790	776	763	749	724	705	696	686	685	684	675	667	660	656	611	567	523	480	473	465	458	448	424	403	384	367	365	363	360	357	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock under employee stock plans
155	187	177	178	189	173	180	169	181	225	206	199	172	120	107	102	127	186	202	274	280	301	418	553	631	524	399	180	98	110	102	113	233	245	256	266	121	143	165	175	178	126	0	0	0
Taxes paid through withholding of common stock under employee stock plans
113	84	86	85	86	81	77	76	77	46	49	49	53	67	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	54	52	52	66	95	99	106	92	46	46	45	48	30	29	19	13	28	27	28	38	42	41	41	29	28	29	30	30	9	0	0	0
Other, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-1,158	-2,266	-2,523	-3,007	-2,043	-2,241	1,753	416	-1,434	427	-1,427	-275	844	-799	-2,486	-2,555	-3,813	-3,093	-2,513	-2,480	-1,252	-1,822	-2,019	-1,995	-1,397	-1,717	-444	1,658	2,676	2,088	797	-535	-2,400	-2,019	-2,215	-2,281	-2,797	-3,169	-3,439	-4,728	-4,353	-3,402	0	0	0
Effect of foreign exchange rates on cash and cash equivalents
0	-	-	-	0	-	-	-	2	4	7	6	4	5	0	0	2	-5	-6	-10	-12	-7	-2	2	3	2	1	1	-1	1	-2	-4	-1	-0	-0	5	0	-3	0	0	0	-	-	-	-
Change in cash and cash equivalents
863	1,003	-70	-604	-149	325	-1,837	121	-2,141	-466	3,551	2,978	5,096	1,962	998	29	279	-38	-170	-231	-574	564	-467	437	305	-897	-256	-605	-613	283	-66	253	-122	412	262	-328	-1,124	-3,027	404	303	1,148	2,632	0	0	0