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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income $ 198 $ 107
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 25 37
Deferred income taxes 15 (6)
Share-based compensation 9 6
Non-cash restructuring costs 0 17
Amortization of convertible senior notes and finance lease liabilities 3 7
(Gain) loss on debt extinguishment (3) 10
Other, net 3 2
Changes in operating assets and liabilities:    
Receivables (29) (83)
Prepaid expenses and other current assets 20 (239)
Medical claims and benefits payable 34 (163)
Amounts due government agencies (35) 172
Accounts payable and accrued liabilities (30) 319
Deferred revenue (4) 130
Income taxes 43 78
Net cash provided by operating activities 249 394
Investing activities:    
Purchases of investments (185) (389)
Proceeds from sales and maturities of investments 366 543
Purchases of property, equipment and capitalized software (6) (4)
Other, net (4) (5)
Net cash provided by investing activities 171 145
Financing activities:    
Repayment of principal amount of 1.125% Convertible Notes (46) 0
Cash paid for partial settlement of 1.125% Conversion Option (115) 0
Cash received for partial termination of 1.125% Call Option 115 0
Cash paid for partial termination of 1.125% Warrants (103) 0
Proceeds from borrowings under Term Loan 100 0
Other, net 1 (5)
Net cash used in financing activities (48) (5)
Net increase in cash, cash equivalents, and restricted cash and cash equivalents 372 534
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period 2,926 3,290
Cash, cash equivalents, and restricted cash and cash equivalents at end of period 3,298 3,824
Schedule of non-cash investing and financing activities:    
Common stock used for share-based compensation (7) (5)
Details of change in fair value of derivatives, net:    
Change in fair value of derivatives, net 0 0
1.625% Convertible Notes exchange transaction:    
Common stock issued in exchange for 1.625% Convertible Notes 0 131
Component allocated to additional paid-in capital, net of income taxes 0 (23)
Net increase to additional paid-in capital 0 108
1.125% Call Option    
Details of change in fair value of derivatives, net:    
Change in fair value of derivatives, net 155 63
1.125% Conversion Option    
Financing activities:    
Cash received for partial termination of 1.125% Call Option 115  
Details of change in fair value of derivatives, net:    
Change in fair value of derivatives, net $ (155) $ (63)