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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 2,802 $ 2,934 $ 3,367
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of KAH Hospice (237) 0 0
Loss (gain) on investment securities, net 205 130 (838)
Gain on Kindred at Home equity method investment 0 (1,129) 0
Equity in net losses (earnings) 4 (65) (74)
Stock-based compensation 216 180 181
Depreciation 749 640 528
Amortization 96 73 88
Impairment of property and equipment 248 0 0
(Benefit) provision for deferred income taxes (100) 15 195
Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions:      
Receivables (54) (280) (85)
Other assets (463) (491) (581)
Benefits payable 975 104 2,139
Other liabilities 44 176 599
Unearned revenues 32 (65) 71
Other, net 70 40 49
Net cash provided by operating activities 4,587 2,262 5,639
Cash flows from investing activities      
Proceeds from sale of KAH Hospice, net 2,701 0 0
Acquisitions, net of cash and cash equivalents acquired (337) (4,187) (709)
Purchases of property and equipment, net (1,120) (1,316) (964)
Purchases of investment securities (6,049) (7,197) (9,125)
Maturities of investment securities 1,365 2,597 4,986
Proceeds from sales of investment securities 2,434 3,547 2,747
Net cash used in investing activities (1,006) (6,556) (3,065)
Cash flows from financing activities      
Receipts (withdrawals) from contract deposits, net 1,993 (306) (939)
Proceeds from issuance of senior notes, net 1,982 2,984 1,088
Repayment of senior notes (1,000) 0 (400)
(Repayments) proceeds from issuance of commercial paper, net (376) 352 295
Proceeds from term loan 0 2,500 1,000
Repayment of term loan (2,000) (2,078) (1,000)
Debt issue costs (6) (31) 0
Common stock repurchases (2,096) (79) (1,820)
Dividends paid (392) (354) (323)
Change in book overdraft (28) 6 95
Other, net 9 21 49
Net cash (used in) provided by financing activities (1,914) 3,015 (1,955)
Increase (decrease) in cash and cash equivalents 1,667 (1,279) 619
Cash and cash equivalents at beginning of period 3,394 4,673 4,054
Cash and cash equivalents at end of period 5,061 3,394 4,673
Supplemental cash flow disclosures:      
Interest payments 354 285 258
Income tax payments, net 758 227 1,132
Details of businesses acquired in purchase transactions:      
Fair value of assets acquired, net of cash acquired 460 9,804 819
Less: Fair value of liabilities assumed (70) (3,235) (110)
Less: Noncontrolling interests acquired (53) (22) 0
Less: Remeasured existing Kindred at Home equity method investment 0 (2,360) 0
Cash paid for acquired businesses, net of cash acquired $ 337 $ 4,187 $ 709