UNH FY 2009 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

FY 2009 Earnings

Reported February 10, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$87.1B	—	$81.2B	—	7.3%
Op. Income	$6.4B	—	$5.3B	—	20.8%
Gross Margin	8.4%	—	23.8%	—	-15.4pp
Net Margin	4.4%	—	3.7%	—	0.7pp
EPS (Diluted)	$3.24	—	$2.40	—	35.0%
Free Cash Flow	$4.9B	—	$3.4B	—	41.7%

Revenue Flow

Item	Amount
REVENUE	$87.1B
Cost of Revenue	$79.8B
GROSS PROFIT	$7.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$12.7B
Other Expenses	-$11.7B
Operating Expenses	$991M
Cost & Expenses	$80.8B
OPERATING INCOME	$6.4B
Interest Income	$0
Interest Expense	$551M
Other Income/Expenses	-$551M
INCOME BEFORE TAX	$5.8B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$3.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.8B
D&A	$991M
EBIT	$6.4B
EBITDA	$7.3B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$87.1B
Cost of Revenue	$79.8B
GROSS PROFIT	$7.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$12.7B
Other Expenses	-$11.7B
Operating Expenses	$991M
Cost & Expenses	$80.8B
OPERATING INCOME	$6.4B
Interest Income	$0
Interest Expense	$551M
Other Income/Expenses	-$551M
INCOME BEFORE TAX	$5.8B
Income Tax Expense	$2.0B
Net Income from Continuing Ops	$3.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.8B
D&A	$991M
EBIT	$6.4B
EBITDA	$7.3B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.8B
Depreciation & Amortization	$991M
Stock-Based Compensation	$334M
Deferred Income Tax	$7M
Other Non-Cash Items	$0
Change in Working Capital	$471M
OPERATING CASH FLOW	$5.6B
Capital Expenditure	-$739M
Acquisitions (Net)	-$486M
Purchases of Investments	-$6.5B
Sales/Maturities of Investments	$249M
Other Investing Activities	$6.5B
NET CASH FROM INVESTING	-$976M
Net Debt Issuance	-$1.4B
Common Stock Repurchased	-$1.8B
Common Dividends Paid	-$36M
Other Financing Activities	$729M
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$4.9B
Net Change in Cash	$2.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$9.8B
Short-Term Investments	$1.2B
Net Receivables	$3.8B
Inventory	$986M
Other Current Assets	$1.8B
TOTAL CURRENT ASSETS	$18.2B
PP&E (Net)	$946M
Goodwill	$20.7B
Intangible Assets	$3.6B
Long-Term Investments	$13.3B
Tax Assets	$0
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$40.8B
TOTAL ASSETS	$59.0B
Account Payables	$9.4B
Short-Term Debt	$2.2B
Deferred Revenue	$1.2B
Other Current Liabilities	$3.1B
TOTAL CURRENT LIABILITIES	$22.2B
Long-Term Debt	$9.0B
Deferred Revenue NC	$2.3B
Deferred Tax Liabilities	$1.9B
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$13.3B
TOTAL LIABILITIES	$35.4B
Common Stock	$11M
Additional Paid-In Capital	$0
Retained Earnings	$23.3B
Treasury Stock	$0
Accum. Other Comp. Income	$253M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.6B
Minority Interest	$0
TOTAL EQUITY	$23.6B
TOTAL LIABILITIES & EQUITY	$59.0B
Total Debt	$11.2B
Net Debt	$1.4B