UnitedHealth Group (UNH) Financial Statements
Price: $576.09
Market Cap: $531.97B
Avg Volume: 3.82M
Market Cap: $531.97B
Avg Volume: 3.82M
Country: US
Industry: Medical - Healthcare Plans
Sector: Healthcare
Industry: Medical - Healthcare Plans
Sector: Healthcare
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of UnitedHealth Group.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $367.53B | $322.13B | $285.27B | $255.64B | $242.16B | $226.25B | $201.16B | $184.83B | $157.11B | $130.47B |
| Cost of Revenue | $280.66B | $244.54B | $217.94B | $190.14B | $184.56B | $172.40B | $154.15B | $141.45B | $120.08B | $97.04B |
| Gross Profit | $86.87B | $77.59B | $67.33B | $65.50B | $57.60B | $53.85B | $47.01B | $43.37B | $37.03B | $33.43B |
| Gross Profit Ratio | 23.64% | 24.09% | 23.60% | 25.62% | 23.79% | 23.80% | 23.37% | 23.47% | 23.57% | 25.62% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $54.63B | $47.78B | $42.58B | $41.70B | $35.19B | $34.07B | $29.56B | $28.40B | $24.31B | $21.26B |
| Other Expenses | $3.97B | $3.40B | $3.10B | $2.89B | $2.72B | $2.43B | $2.25B | $1.69B | $1.69B | $1.90B |
| Operating Expenses | $58.60B | $51.18B | $45.68B | $44.59B | $37.91B | $36.50B | $31.80B | $30.09B | $26.00B | $23.16B |
| Cost and Expenses | $339.26B | $295.73B | $263.63B | $234.74B | $222.47B | $208.90B | $185.95B | $171.55B | $146.09B | $120.20B |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $3.25B | $2.09B | $1.66B | $1.66B | $1.70B | $1.40B | $1.19B | $1.07B | $790.00M | $618.00M |
| Depreciation and Amortization | $3.97B | $3.40B | $3.10B | $2.89B | $2.72B | $2.43B | $2.25B | $2.06B | $1.69B | $1.48B |
| EBITDA | $32.24B | $29.80B | $24.75B | $23.79B | $22.41B | $19.77B | $17.45B | $15.34B | $12.71B | $11.75B |
| EBITDA Ratio | 8.77% | 9.25% | 8.68% | 9.31% | 9.25% | 8.74% | 8.68% | 8.30% | 8.09% | 9.01% |
| Operating Income | $32.36B | $28.43B | $23.97B | $22.41B | $19.68B | $17.34B | $15.21B | $13.28B | $11.02B | $10.27B |
| Operating Income Ratio | 8.80% | 8.83% | 8.40% | 8.76% | 8.13% | 7.67% | 7.56% | 7.19% | 7.01% | 7.87% |
| Total Other Income Expenses Net | $4.09B | $2.03B | $2.32B | $1.50B | $1.89B | $1.38B | $1.02B | $828.00M | $710.00M | $779.00M |
| Income Before Tax | $29.11B | $26.34B | $22.31B | $20.74B | $17.98B | $15.94B | $14.02B | $12.21B | $10.23B | $9.66B |
| Income Before Tax Ratio | 7.92% | 8.18% | 7.82% | 8.11% | 7.43% | 7.05% | 6.97% | 6.61% | 6.51% | 7.40% |
| Income Tax Expense | $5.97B | $5.70B | $4.58B | $4.97B | $3.74B | $3.56B | $3.20B | $4.92B | $4.36B | $4.04B |
| Net Income | $22.38B | $20.12B | $17.29B | $15.40B | $13.84B | $11.99B | $10.56B | $7.24B | $5.81B | $5.62B |
| Net Income Ratio | 6.09% | 6.25% | 6.06% | 6.03% | 5.71% | 5.30% | 5.25% | 3.92% | 3.70% | 4.31% |
| EPS | $24.12 | $21.54 | $18.33 | $16.28 | $14.55 | $12.45 | $10.95 | $7.37 | $6.10 | $5.78 |
| EPS Diluted | $23.86 | $21.18 | $18.08 | $16.03 | $14.33 | $12.19 | $10.72 | $7.25 | $6.01 | $5.70 |
| Weighted Average Shares Outstanding | 928.00M | 934.00M | 943.00M | 946.00M | 951.00M | 963.00M | 964.00M | 952.00M | 953.00M | 972.00M |
| Weighted Average Shares Outstanding Diluted | 938.00M | 950.00M | 956.00M | 961.00M | 966.00M | 983.00M | 985.00M | 968.00M | 967.00M | 986.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $25.43B | $23.36B | $21.38B | $16.92B | $10.98B | $10.87B | $11.98B | $10.43B | $10.92B | $7.50B |
| Short Term Investments | $4.20B | $4.55B | $2.53B | $2.86B | $3.26B | $3.46B | $3.51B | $2.85B | $1.99B | $1.74B |
| Cash and Short Term Investments | $29.63B | $27.91B | $23.91B | $19.78B | $14.24B | $14.32B | $15.49B | $13.28B | $12.91B | $9.24B |
| Net Receivables | $38.97B | $17.68B | $14.22B | $12.87B | $11.82B | $11.39B | $9.57B | $8.15B | $6.52B | $4.25B |
| Inventory | $-68.60B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $78.44B | $23.48B | $23.64B | $21.07B | $16.57B | $12.98B | $12.03B | $12.32B | $12.21B | $10.07B |
| Total Current Assets | $78.44B | $69.07B | $61.76B | $53.72B | $42.63B | $38.69B | $37.08B | $33.75B | $31.64B | $23.56B |
| Property Plant Equipment Net | $11.45B | $10.13B | $8.97B | $8.63B | $8.70B | $8.46B | $7.01B | $5.90B | $4.86B | $4.42B |
| Goodwill | $103.73B | $93.35B | $75.80B | $71.34B | $65.66B | $58.91B | $54.56B | $47.58B | $44.45B | $32.94B |
| Intangible Assets | $15.19B | $14.40B | $10.04B | $10.86B | $10.35B | $9.32B | $8.49B | $8.54B | $8.39B | $3.67B |
| Goodwill and Intangible Assets | $118.93B | $107.75B | $85.84B | $82.19B | $76.01B | $68.23B | $63.05B | $56.12B | $52.84B | $36.61B |
| Long Term Investments | $47.61B | $43.73B | $43.11B | $41.24B | $37.21B | $32.51B | $28.34B | $23.87B | $18.79B | $18.83B |
| Tax Assets | $4.70B | $2.77B | $-94.81B | $-90.82B | $-84.71B | $2.47B | $2.18B | $2.76B | $860.00M | $556.00M |
| Other Non-Current Assets | $17.30B | $12.26B | $107.33B | $102.33B | $94.05B | $1.85B | $1.39B | $276.00M | $2.39B | $2.42B |
| Total Non-Current Assets | $199.98B | $176.64B | $150.45B | $143.57B | $131.25B | $113.53B | $101.97B | $88.93B | $79.74B | $62.83B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $278.42B | $245.71B | $212.21B | $197.29B | $173.89B | $152.22B | $139.06B | $122.68B | $111.38B | $86.38B |
| Account Payables | $31.96B | $29.06B | $24.48B | $21.87B | $21.69B | $19.89B | $17.87B | $16.39B | $14.33B | $12.04B |
| Short Term Debt | $5.31B | $3.11B | $3.62B | $4.82B | $3.87B | $1.97B | $2.86B | $7.19B | $6.63B | $1.40B |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $3.35B | $3.08B | $2.57B | $2.84B | $2.62B | $2.40B | $2.27B | $1.97B | $2.14B | $1.97B |
| Other Current Liabilities | $58.43B | $54.00B | $47.62B | $42.89B | $33.60B | $28.95B | $27.47B | $23.66B | $19.79B | $15.21B |
| Total Current Liabilities | $99.05B | $89.24B | $78.29B | $72.42B | $61.78B | $53.21B | $50.46B | $49.22B | $42.90B | $30.62B |
| Long Term Debt | $58.26B | $54.51B | $42.38B | $38.65B | $36.81B | $34.58B | $28.84B | $25.78B | $25.46B | $16.01B |
| Deferred Revenue Non-Current | $3.35B | $2.77B | $-3.27B | $-3.37B | $-2.99B | $-2.47B | $-2.18B | $-2.76B | $-3.59B | $-2.06B |
| Deferred Tax Liabilities Non-Current | $7.72B | $2.77B | $3.27B | $3.37B | $2.99B | $2.47B | $2.18B | $2.76B | $3.59B | $2.06B |
| Other Non-Current Liabilities | $11.11B | $10.07B | $15.05B | $15.68B | $13.14B | $8.20B | $7.74B | $7.28B | $7.56B | $5.91B |
| Total Non-Current Liabilities | $80.44B | $70.12B | $57.44B | $54.33B | $49.95B | $42.78B | $36.57B | $33.05B | $33.02B | $21.92B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $179.50B | $159.36B | $135.73B | $126.75B | $111.73B | $95.99B | $87.03B | $82.27B | $75.92B | $52.54B |
| Preferred Stock | $- | $- | $- | $- | $2.81B | $- | $2.05B | $113.00M | $- | $- |
| Common Stock | $9.00M | $9.00M | $10.00M | $10.00M | $9.00M | $10.00M | $10.00M | $10.00M | $10.00M | $10.00M |
| Retained Earnings | $95.77B | $86.16B | $77.13B | $69.30B | $61.18B | $55.85B | $48.73B | $40.95B | $37.12B | $33.84B |
| Accumulated Other Comprehensive Income Loss | $-7.03B | $-8.39B | $-5.38B | $-3.81B | $-3.58B | $-4.16B | $-2.67B | $-2.68B | $-3.33B | $-1.39B |
| Other Total Stockholders Equity | $- | $- | $- | $- | $16.00M | $2.62B | $1.71B | $10.00M | $-76.00M | $- |
| Total Stockholders Equity | $88.76B | $77.77B | $71.76B | $65.49B | $60.44B | $54.32B | $49.83B | $38.40B | $33.73B | $32.45B |
| Total Equity | $98.92B | $86.35B | $76.48B | $70.54B | $62.16B | $56.23B | $52.02B | $40.41B | $35.46B | $33.84B |
| Total Liabilities and Stockholders Equity | $273.72B | $245.71B | $212.21B | $197.29B | $173.89B | $152.22B | $139.06B | $122.68B | $111.38B | $86.38B |
| Minority Interest | $10.16B | $8.57B | $4.72B | $5.05B | $1.73B | $1.91B | $2.19B | $2.01B | $1.74B | $1.39B |
| Total Liabilities and Total Equity | $273.72B | $245.71B | $212.21B | $197.29B | $173.89B | $152.22B | $139.06B | $122.68B | $111.38B | $86.38B |
| Total Investments | $4.20B | $71.64B | $45.65B | $44.10B | $40.47B | $35.97B | $31.85B | $26.71B | $20.78B | $20.57B |
| Total Debt | $67.44B | $57.62B | $46.00B | $43.47B | $40.68B | $36.55B | $31.69B | $32.97B | $32.09B | $17.41B |
| Net Debt | $42.01B | $34.26B | $24.63B | $26.55B | $29.69B | $25.69B | $19.71B | $22.54B | $21.17B | $9.91B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $22.38B | $20.64B | $17.73B | $15.77B | $14.24B | $12.38B | $10.82B | $7.29B | $5.87B | $5.62B |
| Depreciation and Amortization | $3.97B | $3.40B | $3.10B | $2.89B | $2.72B | $2.43B | $2.25B | $2.06B | $1.69B | $1.48B |
| Deferred Income Tax | $-245.00M | $-1.00B | $-814.00M | $-60.00M | $124.00M | $-29.00M | $-748.00M | $-1.00M | $-308.00M | $-415.00M |
| Stock Based Compensation | $1.06B | $925.00M | $800.00M | $679.00M | $697.00M | $638.00M | $597.00M | $485.00M | $406.00M | $364.00M |
| Change in Working Capital | $1.64B | $2.25B | $1.52B | $2.90B | $683.00M | $294.00M | $679.00M | $-37.00M | $2.08B | $1.00B |
| Accounts Receivables | $-3.11B | $-2.52B | $-1.00B | $-688.00M | $162.00M | $-1.35B | $-1.06B | $-1.36B | $-591.00M | $-911.00M |
| Inventory | $1.04B | $- | $-1.03B | $-2.19B | $-1.56B | $-750.00M | $-630.00M | $-1.82B | $-793.00M | $-595.00M |
| Accounts Payables | $3.52B | $1.96B | $3.86B | $5.50B | $1.95B | $2.36B | $2.21B | $3.34B | $3.23B | $2.13B |
| Other Working Capital | $203.00M | $2.81B | $-310.00M | $278.00M | $130.00M | $38.00M | $157.00M | $-202.00M | $237.00M | $385.00M |
| Other Non Cash Items | $258.00M | $7.24B | $6.64B | $6.77B | $6.66B | $5.86B | $4.60B | $4.65B | $-235.00M | $-298.00M |
| Net Cash Provided by Operating Activities | $29.07B | $26.21B | $22.34B | $22.17B | $18.46B | $15.71B | $13.60B | $9.79B | $9.74B | $8.05B |
| Investments in Property Plant and Equipment | $-3.39B | $-2.80B | $-2.45B | $-2.05B | $-2.07B | $-2.06B | $-2.02B | $-1.71B | $-1.56B | $-1.45B |
| Acquisitions Net | $-10.18B | $-21.46B | $-4.82B | $-7.14B | $-8.34B | $-6.00B | $-2.13B | $-1.76B | $-16.16B | $-1.92B |
| Purchases of Investments | $-18.31B | $-6.84B | $-1.84B | $-2.84B | $-2.50B | $-4.10B | $-4.32B | $-5.93B | $-531.00M | $-9.93B |
| Sales Maturities of Investments | $16.54B | $11.99B | $15.30B | $13.74B | $15.63B | $9.91B | $10.27B | $11.62B | $9.41B | $799.00M |
| Other Investing Activities | $-960.00M | $-9.37B | $-16.55B | $-14.25B | $-15.41B | $-10.14B | $-10.39B | $-11.58B | $-9.55B | $9.96B |
| Net Cash Used for Investing Activities | $-16.30B | $-28.48B | $-10.37B | $-12.53B | $-12.70B | $-12.38B | $-8.60B | $-9.36B | $-18.39B | $-2.53B |
| Debt Repayment | $-4.28B | $-3.02B | $-3.15B | $-3.15B | $-1.75B | $-2.80B | $-7.91B | $-2.98B | $-1.04B | $-1.61B |
| Common Stock Issued | $1.35B | $1.25B | $1.35B | $1.44B | $1.04B | $838.00M | $688.00M | $429.00M | $402.00M | $462.00M |
| Common Stock Repurchased | $-8.00B | $-7.00B | $-5.00B | $-4.25B | $-5.50B | $-4.50B | $-1.50B | $-1.28B | $-1.20B | $-4.01B |
| Dividends Paid | $-6.76B | $-5.99B | $-5.28B | $-4.58B | $-3.93B | $-3.32B | $-2.77B | $-2.26B | $-1.79B | $-1.36B |
| Other Financing Activities | $6.89B | $18.98B | $4.62B | $6.95B | $4.52B | $5.42B | $8.05B | $5.08B | $15.86B | $1.22B |
| Net Cash Used Provided by Financing Activities | $-10.80B | $4.23B | $-7.46B | $-3.59B | $-5.62B | $-4.37B | $-3.44B | $-1.01B | $12.24B | $-5.29B |
| Effect of Forex Changes on Cash | $97.00M | $34.00M | $-62.00M | $-116.00M | $-20.00M | $-78.00M | $-5.00M | $78.00M | $-156.00M | $-5.00M |
| Net Change in Cash | $2.06B | $1.99B | $4.45B | $5.94B | $119.00M | $-1.11B | $1.55B | $-493.00M | $3.43B | $219.00M |
| Cash at End of Period | $25.43B | $23.36B | $21.38B | $16.92B | $10.98B | $10.87B | $11.98B | $10.43B | $10.92B | $7.50B |
| Cash at Beginning of Period | $23.36B | $21.38B | $16.92B | $10.98B | $10.87B | $11.98B | $10.43B | $10.92B | $7.50B | $7.28B |
| Operating Cash Flow | $29.07B | $26.21B | $22.34B | $22.17B | $18.46B | $15.71B | $13.60B | $9.79B | $9.74B | $8.05B |
| Capital Expenditure | $-3.39B | $-2.80B | $-2.45B | $-2.05B | $-2.07B | $-2.06B | $-2.02B | $-1.71B | $-1.56B | $-1.45B |
| Free Cash Flow | $25.68B | $23.40B | $19.89B | $20.12B | $16.39B | $13.65B | $11.57B | $8.09B | $8.18B | $6.60B |