United Concordia Dental – 2018 Dental Solutions Report - 16

FINANCIAL SUMMARY 2017
United Concordia Dental is committed to being financially strong and fiscally responsible for our
customers. Our AM Best financial rating of A (Excellent) demonstrates this focus. As one of the
largest dental insurers in the country, our revenue and profit have remained consistent over the
past five years.

2017 CONSOLIDATED STATEMENT OF OPERATIONS
(For the Year Ended December 31, $ in Thousands)

Revenue
Income Before Taxes
Net Income

$1,364,626
91,108
$55,948

2017 CONSOLIDATED BALANCE SHEET
(As of December 31, $ in Thousands)

Total Assets

$698,514

LIABILITIES AND STOCKHOLDER'S EQUITY
Total Liabilities

314,380

Stockholder's Equity

384,134

Total Liabilities and Stockholder's Equity

$698,514

2017 CONSOLIDATED STATEMENT OF CASH FLOWS
(For the Year Ended December 31, $ in Thousands)

Net Income
Adjustments to Reconcile Net Income to Cash Flows Provided by Operating Activities
Net Cash Provided by Operating Activities

90,958
146,906

Net Cash Used in Investing Activities

(3,789)

Net Cash Used in Financing Activities

(23,294)

Net Increase in Cash and Cash Equivalents

119,823

Cash and Cash Equivalents at Beginning of Year

85,910

Cash and Cash Equivalents at End of Year

16

$55,948

$205,733



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