United Concordia Dental – 2019 Dental Solutions Report - 25

2018 CONSOLIDATED STATEMENT OF OPERATIONS
( For the Year Ended December 31, $ in Thousands)

Revenue
Income Before Taxes
Net Income

$1,498,596
92,469
$67,594

FINANCIAL
SUMMARY 2018

$677,593

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.

2018 CONSOLIDATED BALANCE SHEET
(As of December 31, $ in Thousands)

Total Assets

LIABILITIES AND STOCKHOLDER'S EQUITY
Total Liabilities
Stockholder's Equity
Total Liabilities and Stockholder's Equity

303,251
374,342
$677,593

2018 CONSOLIDATED STATEMENT OF CASH FLOWS
( For the Year Ended December 31, $ in Thousands)

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

$67,594
(38,560)
29,034

Net Cash Used in Investing Activities

(47,229)

Net Cash Used in Financing Activities

(78,389)

Net Decrease in Cash and Cash Equivalents

(96,584)

Cash and Cash Equivalents at Beginning of Year

205,733

Cash and Cash Equivalents at End of Year

$109,149
25



United Concordia Dental – 2019 Dental Solutions Report

Table of Contents for the Digital Edition of United Concordia Dental – 2019 Dental Solutions Report

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