UNH FY 2008 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

FY 2008 Earnings

Reported February 11, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$81.2B	—	$75.4B	—	7.6%
Op. Income	$5.3B	—	$7.8B	—	-32.9%
Gross Margin	23.8%	—	25.5%	—	-1.7pp
Net Margin	3.7%	—	6.2%	—	-2.5pp
EPS (Diluted)	$2.40	—	$3.42	—	-29.8%
Free Cash Flow	$3.4B	—	$5.0B	—	-31.1%

Revenue Flow

Item	Amount
REVENUE	$81.2B
Cost of Revenue	$61.8B
GROSS PROFIT	$19.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$13.1B
Other Expenses	$981M
Operating Expenses	$14.1B
Cost & Expenses	$75.9B
OPERATING INCOME	$5.3B
Interest Income	$0
Interest Expense	$639M
Other Income/Expenses	-$639M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$3.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$981M
EBIT	$5.3B
EBITDA	$6.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$81.2B
Cost of Revenue	$61.8B
GROSS PROFIT	$19.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$13.1B
Other Expenses	$981M
Operating Expenses	$14.1B
Cost & Expenses	$75.9B
OPERATING INCOME	$5.3B
Interest Income	$0
Interest Expense	$639M
Other Income/Expenses	-$639M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.6B
Net Income from Continuing Ops	$3.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$981M
EBIT	$5.3B
EBITDA	$6.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.0B
Depreciation & Amortization	$981M
Stock-Based Compensation	$305M
Deferred Income Tax	-$166M
Other Non-Cash Items	-$122M
Change in Working Capital	$263M
OPERATING CASH FLOW	$4.2B
Capital Expenditure	-$791M
Acquisitions (Net)	-$3.8B
Purchases of Investments	-$9.3B
Sales/Maturities of Investments	$8.6B
Other Investing Activities	$185M
NET CASH FROM INVESTING	-$5.1B
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$2.7B
Common Dividends Paid	-$37M
Other Financing Activities	$682M
NET CASH FROM FINANCING	-$605M
FREE CASH FLOW	$3.4B
Net Change in Cash	-$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$7.4B
Short-Term Investments	$783M
Net Receivables	$3.6B
Inventory	$938M
Other Current Assets	$1.7B
TOTAL CURRENT ASSETS	$15.0B
PP&E (Net)	$2.2B
Goodwill	$20.1B
Intangible Assets	$2.3B
Long-Term Investments	$13.4B
Tax Assets	$424M
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$40.8B
TOTAL ASSETS	$55.8B
Account Payables	$8.7B
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$20.2B
Long-Term Debt	$11.3B
Deferred Revenue NC	$1.6B
Deferred Tax Liabilities	$1.6B
Other Non-Current Liabilities	$2.3B
TOTAL NON-CURRENT LIABILITIES	$15.3B
TOTAL LIABILITIES	$35.0B
Common Stock	$12M
Additional Paid-In Capital	$38M
Retained Earnings	$20.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$52M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$20.8B
Minority Interest	$0
TOTAL EQUITY	$20.8B
TOTAL LIABILITIES & EQUITY	$55.8B
Total Debt	$12.8B
Net Debt	$5.4B