UnitedHealth Group Incorporated (UNH) Financial Statements (2024 and earlier)

Company Profile

Business Address UNITEDHEALTH GROUP CENTER
MINNEAPOLIS, MN 55343
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6324 - Hospital and Medical Service Plans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,91123,90719,78114,24514,32415,490
Cash and cash equivalents23,36521,37516,92110,98510,86611,981
Short-term investments4,5462,5322,8603,2603,4583,509
Receivables30,45028,08225,40421,46218,25015,830
Inventory, net of allowances, customer advances and progress billings 3,500     
Inventory 3,500     
Other undisclosed current assets7,2089,7698,5336,9276,1185,764
Total current assets:69,06961,75853,71842,63438,69237,084
Noncurrent Assets
Property, plant and equipment10,1288,9698,6268,7048,4587,013
Long-term investments and receivables43,72843,11441,24237,20932,51028,341
Long-term investments43,72843,11441,24237,20932,51028,341
Intangible assets, net (including goodwill)107,75385,83982,19376,00868,23563,045
Goodwill93,35275,79571,33765,65958,91054,556
Intangible assets, net (excluding goodwill)14,40110,04410,85610,3499,3258,489
Other noncurrent assets15,02712,52611,5109,3344,3263,575
Total noncurrent assets:176,636150,448143,571131,255113,529101,974
TOTAL ASSETS:245,705212,206197,289173,889152,221139,058
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:27,71524,64322,49519,00516,70515,180
Other undisclosed accounts payable and accrued liabilities27,71524,64322,49519,00516,70515,180
Deferred revenue3,0752,5712,8422,622
Debt3,1103,6204,8193,8701,9732,857
Deferred revenue and credits2,269
Other liabilities26,28122,97520,39214,59512,24412,286
Other undisclosed current liabilities29,05624,48321,87221,69022,28717,871
Total current liabilities:89,23778,29272,42061,78253,20950,463
Noncurrent Liabilities
Long-term debt and lease obligation54,51342,38338,64836,80834,58128,835
Long-term debt, excluding current maturities54,51342,38338,64836,80834,58128,835
Liabilities, other than long-term debt15,60815,05215,68211,5448,2047,738
Deferred compensation liability, classified    1,400  
Deferred tax liabilities, net2,4742,182
Deferred income tax liabilities2,7693,2653,367 
Other liabilities12,83911,78712,31510,1445,7305,556
Other undisclosed noncurrent liabilities    1,593  
Total noncurrent liabilities:70,12157,43554,33049,94542,78536,573
Total liabilities:159,358135,727126,750111,72795,99487,036
Temporary equity, carrying amount4,8971,4342,2111,7261,9082,189
Equity
Equity, attributable to parent77,77271,76065,49157,61651,69647,776
Common stock9101091010
Additional paid in capital    7 1,703
Accumulated other comprehensive loss(8,393)(5,384)(3,814)(3,578)(4,160)(2,667)
Retained earnings86,15677,13469,29561,17855,84648,730
Equity, attributable to noncontrolling interest3,6783,2852,8372,8202,6232,057
Total equity:81,45075,04568,32860,43654,31949,833
TOTAL LIABILITIES AND EQUITY:245,705212,206197,289173,889152,221139,058

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues324,162287,597257,141242,155226,247201,159
Revenue, net41,683
Premiums earned, net257,157226,233201,478189,699178,087
Financial services revenue158,453
Cost of revenue(244,545)(217,945)(190,141)(184,557)(172,401)(154,148)
Cost of goods and services sold(33,703)(31,034)(30,745)(28,117)(26,998)(24,112)
Gross profit:79,61769,65267,00057,59853,84647,011
Operating expenses(51,182)(45,682)(44,595)(37,913)(36,502)(31,802)
Operating income:28,43523,97022,40519,68517,34415,209
Interest and debt expense(2,092)(1,660)(1,663)(1,704)(1,400)(1,186)
Income from continuing operations before income taxes:26,34322,31020,74217,98115,94414,023
Income tax expense(5,704)(4,578)(4,973)(3,742)(3,562)(3,200)
Income from continuing operations:20,63917,73215,76914,23912,38210,823
Income before gain (loss) on sale of properties:17,73215,76914,23912,38210,823
Net income:20,63917,73215,76914,23912,38210,823
Net loss attributable to noncontrolling interest(519)(447)(366)(400)(396)(265)
Net income available to common stockholders, diluted:20,12017,28515,40313,83911,98610,558

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:20,63917,73215,76914,23912,38210,823
Other comprehensive income (loss)(3,009)(1,570)(236)582(1,517)14
Comprehensive income:17,63016,16215,53314,82110,86510,837
Comprehensive loss, net of tax, attributable to noncontrolling interest(519)(447)(366)(400)(396)(265)
Comprehensive income, net of tax, attributable to parent:17,11115,71515,16714,42110,46910,572

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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