Summary
Elevance Health, Inc. (formerly Anthem, Inc.)'s 2015 10-K report highlights a year of significant growth and strategic positioning, marked by a robust increase in total operating revenue to $78.4 billion, driven primarily by expansion in its Government Business segment, particularly Medicaid and Medicare, and by rate increases across its portfolio. The company served 38.6 million medical members by year-end. A pivotal event disclosed is the pending acquisition of Cigna Corporation, announced in July 2015, which is expected to create a premier health benefits company. This strategic move underscores the company's commitment to scale and transformation in the healthcare landscape. Despite a slight decrease in net income to $2.56 billion, the company reported solid diluted earnings per share of $9.38, reflecting effective share repurchases that reduced the share count. The company's financial health remains strong, with significant operating cash flow and substantial investments, positioning it to navigate the evolving healthcare market and pursue future growth opportunities.
Financial Highlights
51 data points| Revenue | $79.16B |
| SG&A Expenses | $12.53B |
| Operating Income | $4.75B |
| Interest Expense | $653.00M |
| Net Income | $2.56B |
| EPS (Basic) | $9.73 |
| EPS (Diluted) | $9.38 |
| Shares Outstanding (Basic) | 263.00M |
| Shares Outstanding (Diluted) | 272.90M |
Key Highlights
- 1Total operating revenue increased by 7.4% to $78.4 billion in 2015, driven by membership growth in Government Business and rate increases.
- 2The company announced a pending acquisition of Cigna Corporation in July 2015, aiming to create a premier health benefits company with significant scale and diversification.
- 3Medical membership grew to 38.6 million members by December 31, 2015, with notable increases in Medicaid and National Accounts segments.
- 4Net income remained stable at $2.56 billion, with diluted earnings per share of $9.38, benefiting from share repurchases.
- 5Operating cash flow increased by $746.7 million to $4.1 billion, indicating strong operational performance.
- 6The company successfully acquired Simply Healthcare in February 2015, strengthening its position in the Medicaid and Medicare programs in Florida.
- 7The company continued to manage its capital effectively through dividends and share repurchases, demonstrating a commitment to shareholder returns.