MOH » Topics » Contractual Obligations

These excerpts taken from the MOH 10-K filed Mar 16, 2009.
Contractual Obligations
 
In the table below, we present our contractual obligations as of December 31, 2008. Some of the amounts we have included in this table are based on management’s estimates and assumptions about these obligations, including their duration, the possibility of renewal, anticipated actions by third parties, and other factors. Because these estimates and assumptions are necessarily subjective, the contractual obligations we will actually pay in future periods may vary from those reflected in the table. Amounts are in thousands.
 
                                         
    Total     2009     2010-2011     2012-2013     2014 and Beyond  
 
Medical claims and benefits payable
  $ 292,442     $ 292,442     $     $     $  
Long-term debt(1)
    200,000                         200,000  
Operating leases
    112,310       15,514       30,204       25,725       40,867  
Interest on long-term debt(1)
    43,125       7,500       15,000       15,000       5,625  
Purchase commitments
    28,086       15,528       9,028       3,515       15  
                                         
Total contractual obligations
  $ 675,963     $ 330,984     $ 54,232     $ 44,240     $ 246,507  
                                         
 
 
(1) Amounts relate to our October 2007 offering of $200.0 million aggregate principal amount of 3.75% Convertible Senior Notes due 2014.
 
In accordance with Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes, we have recorded approximately $11.7 million of unrecognized tax benefits as liabilities. The above table does not contain this amount because we cannot reasonably estimate when or if such amount may be settled. See Note 12 to the accompanying audited consolidated financial statements for the year ended December 31, 2008 for further information.
 
Item 7A.   Quantitative and Qualitative Disclosures About Market Risk
 
Contractual Obligations
 
In the table below, we present our contractual obligations as of December 31, 2008. Some of the amounts we have included in this table are based on management’s estimates and assumptions about these obligations, including their duration, the possibility of renewal, anticipated actions by third parties, and other factors. Because these estimates and assumptions are necessarily subjective, the contractual obligations we will actually pay in future periods may vary from those reflected in the table. Amounts are in thousands.
 
                                         
    Total     2009     2010-2011     2012-2013     2014 and Beyond  
 
Medical claims and benefits payable
  $ 292,442     $ 292,442     $     $     $  
Long-term debt(1)
    200,000                         200,000  
Operating leases
    112,310       15,514       30,204       25,725       40,867  
Interest on long-term debt(1)
    43,125       7,500       15,000       15,000       5,625  
Purchase commitments
    28,086       15,528       9,028       3,515       15  
                                         
Total contractual obligations
  $ 675,963     $ 330,984     $ 54,232     $ 44,240     $ 246,507  
                                         
 
 
(1) Amounts relate to our October 2007 offering of $200.0 million aggregate principal amount of 3.75% Convertible Senior Notes due 2014.
 
In accordance with Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes, we have recorded approximately $11.7 million of unrecognized tax benefits as liabilities. The above table does not contain this amount because we cannot reasonably estimate when or if such amount may be settled. See Note 12 to the accompanying audited consolidated financial statements for the year ended December 31, 2008 for further information.
 
Item 7A.   Quantitative and Qualitative Disclosures About Market Risk
 
Contractual
Obligations



 



In the table below, we present our contractual obligations as of
December 31, 2008. Some of the amounts we have included in
this table are based on management’s estimates and
assumptions about these obligations, including their duration,
the possibility of renewal, anticipated actions by third
parties, and other factors. Because these estimates and
assumptions are necessarily subjective, the contractual
obligations we will actually pay in future periods may vary from
those reflected in the table. Amounts are in thousands.


 









































































































































































































































                                         

 

 

Total

 

 

2009

 

 

2010-2011

 

 

2012-2013

 

 

2014 and Beyond

 
 


Medical claims and benefits payable


 

$

292,442

 

 

$

292,442

 

 

$



 

 

$



 

 

$



 


Long-term debt(1)


 

 

200,000

 

 

 



 

 

 



 

 

 



 

 

 

200,000

 


Operating leases


 

 

112,310

 

 

 

15,514

 

 

 

30,204

 

 

 

25,725

 

 

 

40,867

 


Interest on long-term debt(1)


 

 

43,125

 

 

 

7,500

 

 

 

15,000

 

 

 

15,000

 

 

 

5,625

 


Purchase commitments


 

 

28,086

 

 

 

15,528

 

 

 

9,028

 

 

 

3,515

 

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total contractual obligations


 

$

675,963

 

 

$

330,984

 

 

$

54,232

 

 

$

44,240

 

 

$

246,507

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















(1)

Amounts relate to our October 2007 offering of
$200.0 million aggregate principal amount of
3.75% Convertible Senior Notes due 2014.


 



In accordance with Financial Accounting Standards Board
Interpretation No. 48, Accounting for Uncertainty in
Income Taxes
, we have recorded approximately
$11.7 million of unrecognized tax benefits as liabilities.
The above table does not contain this amount because we cannot
reasonably estimate when or if such amount may be settled. See
Note 12 to the accompanying audited consolidated financial
statements for the year ended December 31, 2008 for further
information.


 















Item 7A.  

Quantitative
and Qualitative Disclosures About Market Risk



 




These excerpts taken from the MOH 10-K filed Mar 17, 2008.
Contractual Obligations
 
In the table below, we present our contractual obligations as of December 31, 2007. Some of the amounts we have included in this table are based on management’s estimates and assumptions about these obligations, including their duration, the possibility of renewal, anticipated actions by third parties, and other factors. Because these estimates and assumptions are necessarily subjective, the contractual obligations we will actually pay in future periods may vary from those reflected in the table. Amounts are in thousands.
 
                                         
    Total     2008     2009-2010     2011-2012     2013 and Beyond  
 
Medical claims and benefits payable
  $ 311,606     $ 311,606     $     $     $  
Long-term debt(1)
    200,000                         200,000  
Operating leases
    121,056       15,942       29,658       25,946       49,510  
Interest on long-term debt(1)
    50,625       7,500       15,000       15,000       13,125  
Purchase commitments
    23,542       11,290       7,615       3,145       1,492  
                                         
Total contractual obligations
  $ 706,829     $ 346,338     $ 52,273     $ 44,091     $ 264,127  
                                         
 
 
(1) Amounts relate to our October 2007 offering of $200.0 million aggregate principal amount of 3.75% Convertible Senior Notes due 2014.
 
In accordance with Financial Accounting Standards Board Interpretation No. 48, Accounting for Uncertainty in Income Taxes, we have recorded approximately $10.3 million of unrecognized tax benefits as liabilities. The above table does not contain this amount because we cannot reasonably estimate when or if such amount may be settled. See Note 11 to the accompanying audited consolidated financial statements for the year ended December 31, 2007 for further information.
 
Item 7A.   Quantitative and Qualitative Disclosures About Market Risk
 
Contractual
Obligations



 



In the table below, we present our contractual obligations as of
December 31, 2007. Some of the amounts we have included in
this table are based on management’s estimates and
assumptions about these obligations, including their duration,
the possibility of renewal, anticipated actions by third
parties, and other factors. Because these estimates and
assumptions are necessarily subjective, the contractual
obligations we will actually pay in future periods may vary from
those reflected in the table. Amounts are in thousands.


 









































































































































































































































                                         

 

 

Total

 

 

2008

 

 

2009-2010

 

 

2011-2012

 

 

2013 and Beyond

 
 


Medical claims and benefits payable


 

$

311,606

 

 

$

311,606

 

 

$



 

 

$



 

 

$



 


Long-term debt(1)


 

 

200,000

 

 

 



 

 

 



 

 

 



 

 

 

200,000

 


Operating leases


 

 

121,056

 

 

 

15,942

 

 

 

29,658

 

 

 

25,946

 

 

 

49,510

 


Interest on long-term debt(1)


 

 

50,625

 

 

 

7,500

 

 

 

15,000

 

 

 

15,000

 

 

 

13,125

 


Purchase commitments


 

 

23,542

 

 

 

11,290

 

 

 

7,615

 

 

 

3,145

 

 

 

1,492

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Total contractual obligations


 

$

706,829

 

 

$

346,338

 

 

$

52,273

 

 

$

44,091

 

 

$

264,127

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




 



















(1)

Amounts relate to our October 2007 offering of
$200.0 million aggregate principal amount of
3.75% Convertible Senior Notes due 2014.


 



In accordance with Financial Accounting Standards Board
Interpretation No. 48, Accounting for Uncertainty in Income
Taxes
, we have recorded approximately $10.3 million of
unrecognized tax benefits as liabilities. The above table does
not contain this amount because we cannot reasonably estimate
when or if such amount may be settled. See Note 11 to the
accompanying audited consolidated financial statements for the
year ended December 31, 2007 for further information.


 















Item 7A.  

Quantitative
and Qualitative Disclosures About Market Risk



 




This excerpt taken from the MOH 10-Q filed May 7, 2007.
Contractual Obligations
 
In our Annual Report on Form 10-K for the year ended December 31, 2006, we reported on our contractual obligations as of that date. There have been no material changes to our contractual obligations since that report other than the repayment of $15 million on our credit facility during the first quarter of 2007.
 
This excerpt taken from the MOH 10-K filed Mar 14, 2007.

Contractual Obligations

In the table below, we set forth our contractual obligations as of December 31, 2006. Some of the figures we include in this table are based on management’s estimates and assumptions about these obligations, including their duration, the possibility of renewal, anticipated actions by third parties, and other factors. Because these estimates and assumptions are necessarily subjective, the contractual obligations we will actually pay in future periods may vary from those reflected in the table. Amounts are in thousands.

 

     2007    2008–2009    2010–2011    2012 and Beyond

Long-term debt

   $ —      $ —      $ 45,000    $ —  

Operating lease obligations

     13,137      25,035      21,018      43,830

Purchase commitments

     8,031      5,510      1,365      36
                           

Total contractual obligations

   $ 21,168    $ 30,545    $ 67,383    $ 43,866
                           

 

41


Table of Contents
This excerpt taken from the MOH 10-Q filed Nov 9, 2006.

Contractual Obligations

In our Annual Report on Form 10-K for the year ended December 31, 2005, we reported on our contractual obligations as of that date. There have been no material changes to our contractual obligations since that report other than the draw down of $15 million on the credit facility (which is due in year 2010) and the contractual funding requirement in Ohio discussed above.

This excerpt taken from the MOH 10-Q filed Aug 8, 2006.

Contractual Obligations

In our Annual Report on Form 10-K for the year ended December 31, 2005, we reported on our contractual obligations as of that date. There have been no material changes to our contractual obligations since that report other than the draw down of $15 million on the credit facility which is due in year 2010.

This excerpt taken from the MOH 10-Q filed May 10, 2006.

Contractual Obligations

 

In our Annual Report on Form 10-K for the year ended December 31, 2005, we reported on our contractual obligations as of that date. There have been no material changes to our contractual obligations since that report.

 

This excerpt taken from the MOH 10-K filed Mar 15, 2006.

Contractual Obligations

In the table below, we set forth our contractual obligations as of December 31, 2005. Some of the figures we include in this table are based on management’s estimates and assumptions about these obligations, including their duration, the possibility of renewal, anticipated actions by third parties, and other factors. Because these estimates and assumptions are necessarily subjective, the contractual obligations we will actually pay in future periods may vary from those reflected in the table. Amounts are in thousands.

 

     2006    2007–2008    2009–2010    2011 and Beyond

Operating lease obligations

   $ 9,556    $ 17,994    $ 14,207    $ 6,088

Purchase commitments

     2,249      2,978      1,765      —  

Other commitments (1)

     1,900      —        —        —  
                           

Total contractual obligations

   $ 13,705    $ 20,972    $ 15,972    $ 6,088
                           

(1) During the second quarter of 2005 we made an equity investment of approximately $1.6 million in a medical service provider that provides certain medical services to our members. Upon the achievement by the medical service provider of certain benchmarks prior to December 31, 2006 we are obligated to invest an additional $1.9 million.

 

41


Table of Contents
This excerpt taken from the MOH 10-Q filed Nov 7, 2005.

Contractual Obligations

 

In our Annual Report on Form 10-K for the year ended December 31, 2004, we reported on our contractual obligations as of that date. There have been no material changes to our contractual obligations since that report.

 

This excerpt taken from the MOH 10-Q filed Aug 9, 2005.

Contractual Obligations

 

In our Annual Report on Form 10-K for the year ended December 31, 2004, we reported on our contractual obligations as of that date. There have been no material changes to our contractual obligations since that report other than the addition of approximately $3.1 million in long term debt under our amended and restated credit facility.

 

This excerpt taken from the MOH 10-Q filed Apr 29, 2005.

Contractual Obligations

 

In our Report on Form 10-K for the year ended December 31, 2004, we reported on our contractual obligations as of that date. There have been no material changes to our contractual obligations since that report.

 

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