Stock Analysis on Net
Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Elevance Health Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Medical claims payable 14.79 15.18 13.87 13.11 11.42
Reserves for future policy benefits 0.00 0.00 0.00 0.00 0.11
Other policyholder liabilities 5.14 5.77 5.66 5.30 3.94
Unearned income 1.29 1.08 1.18 1.45 1.31
Accounts payable and accrued expenses 6.34 5.46 5.10 6.34 5.42
Short-term borrowings 0.21 0.26 0.28 0.00 0.90
Current portion of long-term debt 1.51 1.46 1.64 0.81 2.06
Other current liabilities 9.08 9.42 8.05 6.99 5.33
Current liabilities 38.37% 38.63% 35.79% 34.00% 30.49%
Long-term debt, less current portion 21.34 21.75 21.71 22.32 22.96
Reserves for future policy benefits 0.71 0.72 0.82 0.92 0.87
Deferred tax liabilities, net 1.81 1.98 2.88 2.33 2.88
Other noncurrent liabilities 1.60 1.52 1.73 2.10 1.83
Noncurrent liabilities 25.46% 25.96% 27.14% 27.67% 28.54%
Total liabilities 63.82% 64.59% 62.93% 61.67% 59.04%
Preferred stock, without par value; shares issued and outstanding: none 0.00 0.00 0.00 0.00 0.00
Common stock, par value $0.01 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 8.14 8.84 9.39 10.67 12.20
Retained earnings 29.15 28.92 27.79 27.48 29.14
Accumulated other comprehensive income (loss) -1.21 -2.44 -0.18 0.17 -0.38
Shareholders’ equity 36.08% 35.33% 37.00% 38.33% 40.96%
Noncontrolling interests 0.09 0.08 0.07 0.00 0.00
Total equity 36.18% 35.41% 37.07% 38.33% 40.96%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Elevance Health Inc. current liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Elevance Health Inc. noncurrent liabilities as a percentage of total liabilities and equity decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Elevance Health Inc. total liabilities as a percentage of total liabilities and equity increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Elevance Health Inc. shareholders’ equity as a percentage of total liabilities and equity decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.