Elevance Health, Inc. (ELV) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
220 VIRGINIA AVENUE INDIANAPOLIS, IN 46204 |
| State of Incorp. | IN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6324 - Hospital and Medical Service Plans (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 34,681 | 36,369 | 34,292 | 33,028 | 30,733 | 25,635 | |||
| Cash and cash equivalent | 8,288 | 6,526 | 7,387 | 4,880 | 5,741 | 4,937 | |||
| Short-term investments | 26,393 | 29,843 | 26,905 | 28,148 | 24,992 | 20,698 | |||
| Restricted cash and investments | 409 | 294 | 258 | 173 | 170 | 215 | |||
| Receivables | (1,172) | (941) | (744) | (648) | (374) | 93 | |||
| Asset, held-for-sale, not part of disposal group | 490 | ||||||||
| Other current assets | 4,700 | 5,795 | 5,281 | 4,654 | 4,060 | 2,319 | |||
| Other undisclosed current assets | 19,834 | 18,512 | 16,530 | 13,915 | 11,162 | 10,771 | |||
| Total current assets: | 58,942 | 60,029 | 55,617 | 51,122 | 45,751 | 39,033 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 4,652 | 4,359 | 4,316 | 3,919 | 3,483 | 3,133 | |||
| Long-term investments and receivables | 10,784 | 6,983 | 6,437 | 5,857 | 4,847 | 4,733 | |||
| Long-term investments | 10,784 | 6,983 | 6,437 | 5,857 | 4,847 | 4,733 | |||
| Intangible assets, net (including goodwill) | 40,371 | 35,590 | 34,698 | 34,843 | 31,096 | 29,174 | |||
| Goodwill | 28,277 | 25,317 | 24,383 | 24,228 | 21,691 | 20,500 | |||
| Intangible assets, net (excluding goodwill) | 12,094 | 10,273 | 10,315 | 10,615 | 9,405 | 8,674 | |||
| Other noncurrent assets | 2,140 | 1,967 | 1,704 | 1,719 | 1,438 | 1,350 | |||
| Other undisclosed noncurrent assets | 30 | ||||||||
| Total noncurrent assets: | 57,947 | 48,899 | 47,155 | 46,338 | 40,864 | 38,420 | |||
| TOTAL ASSETS: | 116,889 | 108,928 | 102,772 | 97,460 | 86,615 | 77,453 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 6,927 | 6,910 | 5,607 | 4,970 | 5,493 | 4,198 | |||
| Accrued liabilities | 75 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 6,852 | 6,910 | 5,607 | 4,970 | 5,493 | 4,198 | |||
| Debt | 2,014 | 1,874 | 1,765 | 1,874 | 700 | 2,298 | |||
| Disposal group, including discontinued operation | 153 | ||||||||
| Other liabilities | 10,029 | 9,894 | 9,683 | 7,849 | 6,052 | 3,692 | |||
| Other undisclosed current liabilities | 21,458 | 23,113 | 22,641 | 20,192 | 17,208 | 13,429 | |||
| Total current liabilities: | 40,581 | 41,791 | 39,696 | 34,885 | 29,453 | 23,617 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 29,218 | 23,246 | 22,349 | 21,157 | 19,335 | 17,787 | |||
| Long-term debt, excluding current maturities | 29,218 | 23,246 | 22,349 | 21,157 | 19,335 | 17,787 | |||
| Liabilities, other than long-term debt | 5,474 | 4,393 | 3,596 | 4,488 | 3,834 | 1,420 | |||
| Deferred income tax liabilities | 2,148 | 1,970 | 2,034 | 2,805 | 2,019 | ||||
| Other liabilities | 3,326 | 1,738 | 1,562 | 1,683 | 1,815 | 1,420 | |||
| Operating lease, liability | 685 | ||||||||
| Other undisclosed noncurrent liabilities | 190 | 93 | 737 | 802 | 794 | 2,901 | |||
| Total noncurrent liabilities: | 34,882 | 27,732 | 26,682 | 26,447 | 23,963 | 22,108 | |||
| Total liabilities: | 75,463 | 69,523 | 66,378 | 61,332 | 53,416 | 45,725 | |||
| Equity | |||||||||
| Equity, attributable to parent | 41,315 | 39,306 | 36,307 | 36,060 | 33,199 | 31,728 | |||
| Common stock | 2 | 2 | 2 | 2 | 3 | 3 | |||
| Additional paid in capital | 8,911 | 8,868 | 9,084 | 9,148 | 9,244 | 9,448 | |||
| Accumulated other comprehensive income (loss) | (1,147) | (1,313) | (2,503) | (178) | 150 | (296) | |||
| Retained earnings | 33,549 | 31,749 | 29,724 | 27,088 | 23,802 | 22,573 | |||
| Equity, attributable to noncontrolling interest | 111 | 99 | 87 | 68 | |||||
| Total equity: | 41,426 | 39,405 | 36,394 | 36,128 | 33,199 | 31,728 | |||
| TOTAL LIABILITIES AND EQUITY: | 116,889 | 108,928 | 102,772 | 97,460 | 86,615 | 77,453 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 177,011 | 171,340 | 156,595 | 138,639 | 121,867 | 104,213 | ||
| Premiums earned, net | 144,166 | 142,854 | 133,229 | 117,373 | 104,109 | 94,173 | ||
| Cost of revenue | (147,317) | (141,623) | (129,522) | (113,540) | (96,998) | (83,778) | ||
| Policyholder benefits and claims incurred, net | (127,567) | (124,330) | (116,487) | (102,645) | (88,045) | (81,786) | ||
| Gross profit: | 29,694 | 29,717 | 27,073 | 25,099 | 24,869 | 20,435 | ||
| Operating expenses | (20,708) | (22,297) | (19,313) | (17,331) | (19,132) | (14,389) | ||
| Other undisclosed operating income (loss) | 1,079 | (279) | 623 | |||||
| Operating income: | 8,986 | 8,499 | 7,760 | 7,489 | 6,360 | 6,046 | ||
| Nonoperating income (Investment Income, Nonoperating) | 2,088 | 1,867 | 1,419 | 915 | ||||
| Interest and debt expense | (1,185) | (1,030) | (851) | (819) | (820) | (748) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (164) | (217) | 687 | |||||
| Income from continuing operations before equity method investments, income taxes: | 9,889 | 9,336 | 6,909 | 7,925 | 6,238 | 5,985 | ||
| Income (loss) from equity method investments | (33) | 562 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (1,985) | (1,588) | 860 | (562) | ||||
| Income from continuing operations before income taxes: | 7,904 | 7,715 | 7,769 | 7,925 | 6,238 | 5,985 | ||
| Income tax expense | (1,933) | (1,724) | (1,750) | (1,830) | (1,666) | (1,178) | ||
| Income from continuing operations: | 5,971 | 5,991 | 6,019 | 6,095 | 4,572 | 4,807 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 6,095 | 4,572 | 4,807 | |
| Net income: | 5,971 | 5,991 | 6,019 | 6,095 | 4,572 | 4,807 | ||
| Net income (loss) attributable to noncontrolling interest | 9 | (4) | 6 | 9 | ||||
| Net income available to common stockholders, diluted: | 5,980 | 5,987 | 6,025 | 6,104 | 4,572 | 4,807 | ||
Comprehensive Income ($ in millions)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 5,971 | 5,991 | 6,019 | 6,095 | 4,572 | 4,807 | ||
| Other comprehensive income (loss) | 160 | 1,171 | (2,336) | (330) | 446 | 690 | ||
| Comprehensive income: | 6,131 | 7,162 | 3,683 | 5,765 | 5,018 | 5,497 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 15 | 2 | 17 | 11 | ||||
| Comprehensive income, net of tax, attributable to parent: | 6,146 | 7,164 | 3,700 | 5,776 | 5,018 | 5,497 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.