Elevance Health, Inc.

10-K & 10-Q Filings

Elevance Health is a leading health company focused on improving the health of individuals and communities through a whole health approach. The company serves approximately 47 million medical members through its affiliated health plans, offering a range of health plans and services to various customer types, including Individual, Employer Group risk-based, Employer Group fee-based, BlueCard®, Medicare, Medicaid, and FEHB. Elevance Health's business strategy includes a focus on whole health, exceptional experiences, care provider enablement, and digital platform. The company operates through four reportable segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. Health Benefits offers a comprehensive suite of health plans and services to various customer types, including Individual, Employer Group risk-based, Employer Group fee-based, BlueCard®, Medicare, Medicaid, and FEHB members. CarelonRx includes pharmacy services, while Carelon Services integrates physical, behavioral, social, and pharmacy services to deliver whole health affordably. Corporate & Other includes businesses that do not individually meet the quantitative threshold for an operating segment. Elevance Health is a licensee of the Blue Cross and Blue Shield Association (BCBSA) and offers health plans under the Anthem Blue Cross and Anthem Blue Cross and Blue Shield brands in various states. The company also operates under other brands, such as Amerigroup, Freedom Health, HealthSun, MMM, Optimum Healthcare, Simply Healthcare, and Wellpoint. Website: https://www.anthem.com/ Ticker: ANTM

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$60710.70
61711.70
71023.50
73874.10
79156.50
84863.00
90039.40
92105.00
104213.00
121867.00
138639.00
156595.00
171340.00
42172.00
42577.00
9.03%0.96%Premiums Earned (+)
$55969.60
56496.70
66119.10
68389.80
73385.10
78860.10
83647.70
85421.00
94173.00
104109.00
117373.00
133229.00
142854.00
35868.00
35696.00
8.12%-0.48%Cost of Revenue (-)
$
137.40
1992.00
8953.00
10895.00
13035.00
17293.00
3481.00
3825.00
9.88%Selling, General & Administrative (-)
$8435.60
8738.30
9952.90
11748.40
12534.80
12557.90
12649.60
14020.00
13364.00
17450.00
15914.00
17686.00
20087.00
4800.00
4886.00
7.50%1.79%Depreciation & Amortization (-)
$239.40
245.10
245.30
220.90
230.10
192.30
168.40
358.00
338.00
361.00
441.00
767.00
885.00
235.00
116.00
11.51%-50.64%Non-recurring Operating Expenses (-)
$93.30
37.80
98.90
49.00
83.40
115.40
33.10
26.00
Operating Expenses (-)
$9105.30
57708.80
10800.90
12570.00
13417.90
13473.20
13557.00
15131.00
96236.00
106676.00
119819.00
135791.00
146332.00
36072.00
35813.00
26.04%-0.72%Costs & Expenses (Total) (-)
$56752.80
57846.20
67183.30
69506.00
74525.50
80307.60
86075.60
87037.00
98228.00
115629.00
130714.00
148826.00
163625.00
39553.00
39638.00
9.22%0.21%Operating Income/Loss (+)
$3957.90
3865.50
3840.20
4368.10
4631.00
4555.40
3963.80
5068.00
5985.00
6238.00
7925.00
7769.00
7715.00
2619.00
2939.00
5.72%12.22%Non-operating Income/Expense (+)
$
-145.30
-81.10
9.30
-282.40
-11.00
-2.00
-36.00
-21.00
Interest Expense (-)
$430.30
511.80
602.70
600.70
653.00
723.00
739.00
753.00
746.00
784.00
798.00
851.00
1030.00
251.00
265.00
7.54%5.58%Earnings before Tax (+)
$3957.90
3865.50
3840.20
4368.10
4631.00
4555.40
3963.80
5068.00
5985.00
6238.00
7925.00
7769.00
7715.00
2619.00
2939.00
5.72%12.22%Tax Expense (-)
$1311.20
1210.00
1205.90
1808.00
2071.00
2085.60
121.00
1318.00
1178.00
1666.00
1830.00
1750.00
1724.00
615.00
690.00
2.31%12.20%Income/Loss (Continuing Operations) (+)
$2646.70
2655.50
2634.30
2560.10
2560.00
2469.80
3842.80
3750.00
4807.00
4572.00
6095.00
6019.00
5991.00
2004.00
2249.00
7.04%12.23%Income/Loss (Discontinued Operations) (+)
$
-144.60
9.60
Profit/Loss (+)
$
6095.00
6019.00
5991.00
2004.00
2249.00
12.23%Net Income/Loss (NCI) (-)
$
-9.00
-6.00
4.00
15.00
3.00
-80.00%Net Income/Loss (+)
$2646.70
2655.50
2489.70
2569.70
2560.00
2469.80
3842.80
3750.00
4807.00
4572.00
6104.00
6025.00
5987.00
1989.00
2246.00
7.04%12.92%Net Income/Loss (Common) (+)
$2646.70
2655.50
2489.70
2569.70
2560.00
2469.80
3842.80
3750.00
4807.00
4572.00
6104.00
6025.00
5987.00
1989.00
2246.00
7.04%12.92%EPS (Basic)
$7.35
8.26
8.34
9.31
9.73
9.39
14.70
14.53
18.81
18.23
25.04
25.10
25.38
8.37
9.65
10.88%15.29%EPS (Diluted)
$7.25
8.18
8.20
8.99
9.38
9.21
14.35
14.19
18.47
17.98
24.73
24.81
25.22
8.30
9.59
10.95%15.54%Weighted Avg Shares (Basic)
334.75
282.46
266.79
261.35
264.38
255.72
257.01
252.33
244.91
241.30
237.46
232.67
237.06
232.42
-2.99%-1.96%Cash
$2201.60
2484.60
1582.10
2151.70
2113.50
4075.30
3608.90
3934.00
4937.00
5741.00
4880.00
7387.00
6526.00
10142.00
6226.00
9.48%-38.61%Short-term Investments
$17116.00
18140.10
18790.00
19394.20
18380.90
18647.40
20993.70
16713.00
19689.00
23433.00
28148.00
26905.00
29843.00
28028.00
30041.00
4.74%7.18%Receivables
$4346.80
4616.20
5032.00
6942.50
7024.20
8397.40
8451.40
7023.00
7807.00
8109.00
9430.00
11381.00
13307.00
12924.00
14051.00
9.77%8.72%Securities & Long-term Investments
$1294.10
1864.10
2947.00
2252.00
2649.40
2812.10
3954.60
4234.00
5755.00
6406.00
5857.00
6437.00
6983.00
6754.00
7593.00
15.08%12.42%Property, Plant & Equipment (Net)
$1418.10
1738.30
1801.50
1944.30
2019.80
1977.90
2174.90
2735.00
3133.00
3483.00
3919.00
4316.00
4359.00
4418.00
4451.00
9.81%0.75%Goodwill & Intangibles
$21790.40
26613.30
25358.20
25040.10
25720.20
25526.10
27599.60
29511.00
29174.00
31096.00
34843.00
34698.00
35590.00
36188.00
36657.00
4.17%1.30%Other Assets
$3851.80
3498.80
4063.70
4340.20
3809.80
3646.90
3756.90
7421.00
6958.00
8347.00
10383.00
11648.00
12320.00
10586.00
12875.00
10.17%21.62%Assets (Total)
$52018.80
58955.40
59574.50
62065.00
61717.80
65083.10
70540.00
71571.00
77453.00
86615.00
97460.00
102772.00
108928.00
109040.00
111894.00
6.35%2.62%Accounts Payable
$3996.60
3697.20
4396.00
5167.10
4619.70
5093.80
5478.80
5563.00
4549.00
5493.00
4970.00
5607.00
6910.00
4873.00
5658.00
4.67%16.11%Debt (Current)
$1374.50
807.10
918.00
1025.00
540.00
1368.40
1275.00
1994.00
2298.00
700.00
1874.00
1765.00
1874.00
265.00
4475.00
2.62%1588.68%Insurance Liabilities
$7822.30
8581.50
8263.50
9555.80
9898.20
10185.50
11011.70
10119.00
11977.00
18002.00
20994.00
23378.00
23891.00
27031.00
23996.00
9.75%-11.23%Securities (Liabilities)
$924.20
634.00
1246.30
1581.50
1374.00
1172.40
567.00
801.00
435.00
Debt (Non-current)
$8520.90
14420.80
13973.60
14527.20
15864.50
14798.50
18657.20
18362.00
18487.00
19335.00
21432.00
22614.00
23471.00
25466.00
23551.00
8.81%-7.52%Other Liabilities
$6092.10
7012.10
6011.90
5957.10
6377.30
7364.10
7047.40
6191.00
7979.00
9886.00
12062.00
13014.00
13377.00
13945.00
13504.00
6.77%-3.16%Liabilities (Total)
$28730.60
35152.70
34809.30
37813.70
38673.70
39982.70
44037.10
43030.00
45725.00
53416.00
61332.00
66378.00
69523.00
71580.00
71184.00
7.64%-0.55%Retained Earnings
$11490.70
12647.10
13813.90
14014.40
14778.50
16560.60
18054.40
19988.00
22573.00
23802.00
27088.00
29724.00
31749.00
30707.00
33088.00
8.84%7.75%AOCI
$114.90
299.10
183.20
171.90
-292.60
-267.90
-101.50
-986.00
-296.00
150.00
-178.00
-2503.00
-1313.00
-2050.00
-1365.00
33.41%Shareholder's Equity
$23288.20
23802.70
24765.20
24251.30
23044.10
25100.40
26502.90
28541.00
31728.00
33199.00
36128.00
36394.00
39405.00
37460.00
40710.00
4.48%8.68%Liabilities & Equity
$52018.80
58955.40
59574.50
62065.00
61717.80
65083.10
70540.00
71571.00
77453.00
86615.00
97460.00
102772.00
108928.00
109040.00
111894.00
6.35%2.62%Net Income/Loss
$2646.70
2655.50
2489.70
2569.70
2560.00
2469.80
3842.80
3750.00
4807.00
4572.00
6095.00
6019.00
5991.00
2004.00
2249.00
7.04%12.23%Depreciation & Amortization
$637.20
740.70
908.80
851.00
907.90
911.80
890.40
1132.00
1133.00
1154.00
1302.00
1675.00
1745.00
462.00
331.00
8.76%-28.35%Increase/Decrease in Working Capital
$-62.10
671.20
766.90
160.70
-727.20
574.90
-367.90
1602.00
192.00
-5203.00
-1193.00
-253.00
535.00
-4054.00
988.00
124.37%Share-based Compensation
$134.80
146.50
146.00
168.90
148.20
164.60
169.60
226.00
294.00
283.00
255.00
264.00
289.00
61.00
62.00
6.56%1.64%Adjustments to Reconcile Net Income
$727.70
89.10
562.60
799.60
1556.00
734.70
342.00
77.00
1254.00
6116.00
2269.00
2380.00
2070.00
4465.00
-271.00
9.10%-106.07%Net Cash (Operating)
$3374.40
2744.60
3052.30
3369.30
4116.00
3204.50
4184.80
3827.00
6061.00
10688.00
8364.00
8399.00
8061.00
6469.00
1978.00
7.53%-69.42%Capital Expenditure
$1115.80
5141.50
607.30
-113.40
1241.80
583.60
2869.80
2968.00
1077.00
2997.00
4563.00
1801.00
2848.00
1939.00
1399.00
8.12%-27.85%Net Cash (Investing)
$-942.00
-4551.60
-2234.40
-974.90
-1151.50
-513.90
-5082.40
-1259.00
-2792.00
-7324.00
-9638.00
-4560.00
-5572.00
-3184.00
-2310.00
27.45%Increase/Decrease in Debt
$1120.20
5121.00
-583.70
763.70
-892.30
360.60
3723.30
-1296.00
439.00
-298.00
2719.00
1795.00
739.00
700.00
764.00
-3.41%9.14%Increase/Decrease in Equity
$-2794.80
-2386.00
-1095.40
-2697.50
-1329.80
119.40
-1772.40
-262.00
-1514.00
-2524.00
-1697.00
-2134.00
-2524.00
-579.00
-469.00
19.00%Dividends Paid
$357.80
367.10
448.00
480.70
656.60
684.00
704.90
776.00
818.00
954.00
1104.00
1229.00
1395.00
351.00
379.00
12.01%7.98%Net Cash (Financing)
$-2019.20
2088.90
-1717.80
-1822.50
-2997.40
-732.90
426.90
-2241.00
-2266.00
-2567.00
423.00
-1318.00
-3349.00
-531.00
32.00
106.03%Effect of Exchange Rate
$-0.40
1.10
2.20
-7.10
-5.30
4.10
4.30
-2.00
7.00
-10.00
-14.00
-1.00
1.00
Increase/Decrease in Cash
$412.80
283.00
-897.70
564.80
-38.20
1961.80
-466.40
325.00
1003.00
804.00
-861.00
2507.00
-861.00
2755.00
-300.00
-110.89%Cash (Beginning)
$1788.80
2201.60
2484.60
1586.90
2151.70
2113.50
4075.30
3609.00
3934.00
4937.00
5741.00
4880.00
7387.00
7387.00
6526.00
12.54%-11.66%Cash (Ending)
$2201.60
2484.60
1586.90
2151.70
2113.50
4075.30
3608.90
3934.00
4937.00
5741.00
4880.00
7387.00
6526.00
10142.00
6226.00
9.48%-38.61%NOPAT
$2646.70
2655.50
2634.30
2560.10
2560.00
2469.80
3842.80
3750.00
4807.00
4572.00
6095.00
6019.00
5991.00
2004.00
2249.00
7.04%12.23%Gross Margin %
99.78%
98.09%
92.65%
92.14%
91.68%
89.91%
91.75%
91.02%
Operating Margin %
6.52%
6.26%
5.41%
5.91%
5.85%
5.37%
4.40%
5.50%
5.74%
5.12%
5.72%
4.96%
4.50%
6.21%
6.90%
NOPAT Margin %
4.36%
4.30%
3.71%
3.47%
3.23%
2.91%
4.27%
4.07%
4.61%
3.75%
4.40%
3.84%
3.50%
4.75%
5.28%
Net Margin %
4.36%
4.30%
3.51%
3.48%
3.23%
2.91%
4.27%
4.07%
4.61%
3.75%
4.40%
3.85%
3.49%
4.72%
5.28%
Tax Rate %
33.13%
31.30%
31.40%
41.39%
44.72%
45.78%
3.05%
26.01%
19.68%
26.71%
23.09%
22.53%
22.35%
23.48%
23.48%
ROA
5.09%
4.50%
4.42%
4.12%
4.15%
3.79%
5.45%
5.24%
6.21%
5.28%
6.25%
5.86%
5.50%
1.84%
2.01%
ROE
11.36%
11.16%
10.64%
10.56%
11.11%
9.84%
14.50%
13.14%
15.15%
13.77%
16.87%
16.54%
15.20%
5.35%
5.52%
ROIC
10.27%
8.36%
8.97%
8.28%
7.94%
7.08%
10.57%
9.96%
11.87%
10.65%
12.67%
11.54%
11.33%
3.79%
4.18%
Asset Turnover
1.17
1.05
1.19
1.19
1.28
1.30
1.28
1.29
1.35
1.41
1.42
1.52
1.57
0.39
0.38
Equity Multiplier
2.23
2.48
2.41
2.56
2.68
2.59
2.66
2.51
2.44
2.61
2.70
2.82
2.76
2.91
2.75
Current Ratio
4.41
5.60
4.78
4.60
5.33
4.82
4.89
3.66
4.74
6.02
6.20
6.20
5.66
9.94
4.97
Quick Ratio
4.41
5.60
4.78
4.60
5.33
4.82
4.89
3.66
4.74
6.02
6.20
6.20
5.66
9.94
4.97
Debt/Equity Ratio
0.42
0.64
0.60
0.64
0.71
0.64
0.75
0.71
0.66
0.60
0.65
0.67
0.64
0.69
0.69
Working Capital/Sales
0.04
0.06
0.03
0.05
0.06
0.09
0.07
0.06
0.08
0.07
0.07
0.08
0.08
0.29
0.30
Dividend Payout Ratio %
13.52%
13.82%
17.01%
18.78%
25.65%
27.69%
18.34%
20.69%
17.02%
20.87%
18.11%
20.42%
23.28%
17.51%
16.85%
Total Payout
$2032.40
-2367.90
2127.10
2414.50
2878.70
204.00
-1246.00
2334.00
1893.00
3776.00
82.00
1568.00
3180.00
230.00
84.00
3.80%-63.48%Payout Ratio %
76.79%
-89.17%
80.75%
94.31%
112.45%
8.26%
-32.42%
62.24%
39.38%
82.59%
1.35%
26.05%
53.08%
11.48%
3.73%