Elevance Health Inc. (ELV) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,36934,29233,02830,73325,63520,647
Cash and cash equivalents6,5267,3874,8805,7414,9373,934
Short-term investments29,84326,90528,14824,99220,69816,713
Restricted cash and investments294258173170215222
Receivables(941)(744)(648)(374)93(270)
Other current assets5,7955,2814,6544,0602,3192,104
Other undisclosed current assets18,51216,53013,91511,16210,77111,618
Total current assets:60,02955,61751,12245,75139,03334,321
Noncurrent Assets
Property, plant and equipment4,3594,3163,9193,4833,1332,735
Long-term investments and receivables6,9836,4375,8574,8474,7334,213
Long-term investments6,9836,4375,8574,8474,7334,213
Intangible assets, net (including goodwill)35,59034,69834,84331,09629,17429,511
Goodwill25,31724,38324,22821,69120,50020,504
Intangible assets, net (excluding goodwill)10,27310,31510,6159,4058,6749,007
Other noncurrent assets1,9671,7041,7191,4381,350758
Other undisclosed noncurrent assets     3033
Total noncurrent assets:48,89947,15546,33840,86438,42037,250
TOTAL ASSETS:108,928102,77297,46086,61577,45371,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,9105,6074,9705,4934,1984,959
Accrued liabilities      
Other undisclosed accounts payable and accrued liabilities6,9105,6074,9705,4934,1984,959
Debt1,8741,7651,8747002,2981,994
Other liabilities9,8949,6837,8496,0523,6923,190
Other undisclosed current liabilities23,11322,64120,19217,20813,42911,822
Total current liabilities:41,79139,69634,88529,45323,61721,965
Noncurrent Liabilities
Long-term debt and lease obligation23,24622,34921,15719,33517,78717,217
Long-term debt, excluding current maturities23,24622,34921,15719,33517,78717,217
Liabilities, other than long-term debt4,3933,5964,4883,8341,4203,142
Deferred tax liabilities, net1,960
Deferred income tax liabilities1,9702,0342,8052,019 
Other liabilities1,7381,5621,6831,8151,4201,182
Operating lease, liability 685    
Other undisclosed noncurrent liabilities937378027942,901706
Total noncurrent liabilities:27,73226,68226,44723,96322,10821,065
Total liabilities:69,52366,37861,33253,41645,72543,030
Equity
Equity, attributable to parent39,30636,30736,06033,19931,72828,541
Common stock222333
Additional paid in capital8,8689,0849,1489,2449,4489,536
Accumulated other comprehensive income (loss)(1,313)(2,503)(178)150(296)(986)
Retained earnings31,74929,72427,08823,80222,57319,988
Equity, attributable to noncontrolling interest998768   
Total equity:39,40536,39436,12833,19931,72828,541
TOTAL LIABILITIES AND EQUITY:108,928102,77297,46086,61577,45371,571

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues171,340156,595138,639121,867104,21392,105
Premiums earned, net142,854133,229117,373104,10994,173 
Financial services revenue85,421
Cost of revenue(141,623)(129,522)(113,540)(96,998)(83,778)(71,895)
Policyholder benefits and claims incurred, net(124,330)(116,487)(102,645)(88,045)(81,786) 
Financial services costs(71,895)
Gross profit:29,71727,07325,09924,86920,43520,210
Operating expenses(22,297)(19,313)(17,331)(19,132)(14,389)(15,043)
Other undisclosed operating income (loss)1,079 (279)623  
Operating income:8,4997,7607,4896,3606,0465,167
Nonoperating income (expense)
(Investment Income, Nonoperating)
1,867 1,419915 (26)
Interest and debt expense(1,030)(851)(819)(820)(748)(764)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (164)(217)687691
Income from continuing operations before equity method investments, income taxes:9,3366,9097,9256,2385,9855,068
Income (loss) from equity method investments(33) 562   
Other undisclosed income (loss) from continuing operations before income taxes(1,588)860(562)   
Income from continuing operations before income taxes:7,7157,7697,9256,2385,9855,068
Income tax expense(1,724)(1,750)(1,830)(1,666)(1,178)(1,318)
Income from continuing operations:5,9916,0196,0954,5724,8073,750
Income before gain (loss) on sale of properties:6,0954,5724,8073,750
Net income:5,9916,0196,0954,5724,8073,750
Net income (loss) attributable to noncontrolling interest(4)69   
Net income available to common stockholders, diluted:5,9876,0256,1044,5724,8073,750

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:5,9916,0196,0954,5724,8073,750
Other comprehensive income (loss)1,171(2,336)(330)446690(474)
Comprehensive income:7,1623,6835,7655,0185,4973,276
Comprehensive income, net of tax, attributable to noncontrolling interest21711   
Comprehensive income, net of tax, attributable to parent:7,1643,7005,7765,0185,4973,276

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.

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