Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 146

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 146
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022Operating activitiesNet income$5,971 $5,991 $5,888 Adjustments to reconcile net income to net cash provided by operating activities:Net losses on financial instruments445 694 550  Gain on sale of business(201)— — Equity in net earnings (losses) of other invested assets(1)33 (293)Depreciation and amortization1,393 1,745 1,675 Deferred income taxes(374)(602)(115)Impairment of property, equipment and right-of-use assets103 446 7 Share-based compensation191 289 264 Changes in operating assets and liabilities:Receivables, net(683)(1,762)(2,510)Other invested assets(78)(79)11 Other assets824 (675)133 Policy liabilities(1,840)147 2,411 Unearned income(113)290 (42)Accounts payable and other liabilities(272)1,640 824 Income taxes404 (103)(338)Other, net39 7 (66)Net cash provided by operating activities5,808 8,061 8,399 Investing activitiesPurchases of investments(17,986)(16,236)(24,946)Proceeds from sale of investments16,547 10,596 11,988 Maturities, calls and redemptions from investments2,025 2,940 10,620 Changes in securities lending collateral73 78 (301)Purchases of subsidiaries, net of cash acquired(4,809)(1,552)(649)Proceeds from sales of subsidiaries, net of cash sold363 — — Purchases of property and equipment(1,256)(1,296)(1,152)Other, net(124)(102)(120)Net cash used in investing activities(5,167)(5,572)(4,560)Financing activitiesProceeds from long-term borrowings7,710 2,574 3,071 Repayments of long-term borrowings(1,650)(1,909)(1,899)Proceeds from short-term borrowings275 225 1,365 Repayments of short-term borrowings(135)(265)(1,675)Changes in securities lending payable(75)(77)302 Changes in bank overdrafts(638)114 933 Repurchase and retirement of