HealthSpring, Inc.

CIK:0001339553|SEC Filings

Comprehensive Income

9 Months Ended

Sep. 30, 2011

(15) Comprehensive Income

The following table presents details supporting the determination of comprehensive income for the three and nine months ended September 30, 2011 and 2010 (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Net income	$	78,991	$	53,780	$	207,133	$	143,356
Net unrealized gain on available for sale investment securities, net of tax		1,563		2,144		5,431		4,136
Net gain on interest rate swaps, net of tax		—		—		—		23
Reclass of accumulated other comprehensive income on interest rate swap termination ⁽¹⁾		—		—		—		1,253

Comprehensive income, net of tax	$	80,554	$	55,924	$	212,564	$	148,768

(1)	Accumulated other comprehensive income balances related to interest rate swap derivatives that were reclassified to interest expense and recognized in the three months ended March 31, 2010. See Note 9, — "Derivatives".

Derivatives (Summary Of The Effect Of Cash Flow Hedges On The Company's Financial Statements) (Details) (Interest Rate Swaps [Member], Cash Flow Hedging [Member], USD $) In Thousands	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Interest Rate Swaps [Member] \| Cash Flow Hedging [Member]
Derivatives, Fair Value [Line Items]
Pretax Hedge Gain (Loss) Recognized in Other Comprehensive Income, Effective Portion		$ 38
Hedge Gain (Loss) Reclassified from Accumulated Other Comprehensive Income, Effective Portion		(1,253)
Hedge Gain (Loss) Recognized, Ineffective Portion

Condensed Consolidated Balance Sheets (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 1,055,299	$ 191,459
Accounts receivable, net	205,355	168,893
Funds due for the benefit of members		83,429
Deferred income taxes	20,264	15,459
Prepaid expenses and other assets	16,235	17,481
Total current assets	1,297,153	476,721
Investment securities available for sale	569,736	551,207
Property and equipment, net	69,659	60,017
Goodwill	835,237	839,001
Intangible assets, net	335,980	365,884
Restricted investments	28,886	29,136
Risk corridor receivable from CMS	9,805
Other assets	20,663	26,637
Total assets	3,167,119	2,348,603
Current liabilities:
Medical claims liability	425,486	350,217
Accounts payable, accrued expenses and other	61,478	101,915
Deferred revenue	445,222
Book overdraft		19,629
Risk corridor payable to CMS	6,967	7,780
Funds held for the benefit of members	95,538
Current portion of long-term debt	37,350	61,226
Total current liabilities	1,072,041	540,767
Deferred income taxes	105,607	104,301
Long-term debt, less current portion	298,099	565,649
Other long-term liabilities	9,543	5,755
Total liabilities	1,485,290	1,216,472
Stockholders' equity:
Common stock, $.01 par value, 180,000,000 shares authorized, 72,004,007 issued and 67,908,535 outstanding at September 30, 2011, and 61,905,457 issued and 57,850,709 outstanding at December 31, 2010	720	619
Additional paid-in capital	907,453	569,024
Retained earnings	830,121	622,988
Accumulated other comprehensive income, net	6,926	1,495
Treasury stock, at cost, 4,095,472 shares at September 30, 2011, and 4,054,748 shares at December 31, 2010	(63,391)	(61,995)
Total stockholders' equity	1,681,829	1,132,131
Total liabilities and stockholders' equity	$ 3,167,119	$ 2,348,603