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