Company: ELV
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001156039-25-000057
Chunk: 64

Company: Elevance Health, Inc.
Filing Date: 2025-04-22
Form: 10-Q
Item: Item 8
Chunk 64
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 31, 2025, see Note 5, “Investments,” Note 6, “Derivative Financial Instruments,” Note 10, “Debt,” and Note 12, “Capital Stock – Use of Capital – Dividends and Stock Repurchase Program,” of the Notes to Consolidated Financial Statements included in Part I, Item 1 of this Form 10-Q.

Liquidity

A summary of our major sources and uses of cash and cash equivalents for the three months ended March 31, 2025 and 2024 is as follows:

 Three Months Ended  March 31 20252024ChangeSources of Cash:Net cash provided by operating activities$1,017 $1,978 $(961)Issuances of short- and long-term debt, net of repayments— 1,350 (1,350)Proceeds from sales, maturities, calls and redemptions of investments, net of purchases610 — 610 Proceeds from issuance of common stock under employee stock plans23 97 (74)Changes in bank overdrafts546 546 Total sources of cash2,196 3,425 (1,229)Uses of Cash:Purchases of investments, net of proceeds from sales, maturities, calls and redemptions— (670)670 Purchases of subsidiaries, net of cash acquired— (1,120)1,120 Repurchase and retirement of common stock(880)(566)(314)Purchases of property and equipment(196)(279)83 Repayments of short- and long-term debt, net of issuances(1,365)— (1,365)Cash dividends(386)(379)(7)Changes in bank overdrafts— (586)586 Other uses of cash, net(158)(125)(33)Total uses of cash(2,985)(3,725)740 Effect of foreign exchange rates on cash and cash equivalents1 — 1 Net decrease in cash and cash equivalents$(788)$(300)$(488)

The decrease in net cash provided by operating activities was primarily due to timing related changes to working capital.

Other significant changes in sources or uses of cash year-over-year included an increase in repayments of short- and long-term debt, net of issuances, lower amounts for purchase of subsidiaries, net of cash acquired, increased proceeds from investments, net of purchases from sales, maturities,