UNH FY 2010 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

FY 2010 Earnings

Reported February 10, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$94.2B	—	$87.1B	—	8.1%
Op. Income	$7.9B	—	$6.4B	—	23.7%
Gross Margin	9.5%	—	8.4%	—	1.0pp
Net Margin	4.9%	—	4.4%	—	0.5pp
EPS (Diluted)	$4.10	—	$3.24	—	26.5%
Free Cash Flow	$5.4B	—	$4.9B	—	10.4%

Revenue Flow

Item	Amount
REVENUE	$94.2B
Cost of Revenue	$85.2B
GROSS PROFIT	$8.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.3B
Other Expenses	-$13.2B
Operating Expenses	$1.1B
Cost & Expenses	$86.3B
OPERATING INCOME	$7.9B
Interest Income	$0
Interest Expense	$481M
Other Income/Expenses	-$481M
INCOME BEFORE TAX	$7.4B
Income Tax Expense	$2.7B
Net Income from Continuing Ops	$4.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.6B
D&A	$1.1B
EBIT	$7.9B
EBITDA	$8.9B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$94.2B
Cost of Revenue	$85.2B
GROSS PROFIT	$8.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.3B
Other Expenses	-$13.2B
Operating Expenses	$1.1B
Cost & Expenses	$86.3B
OPERATING INCOME	$7.9B
Interest Income	$0
Interest Expense	$481M
Other Income/Expenses	-$481M
INCOME BEFORE TAX	$7.4B
Income Tax Expense	$2.7B
Net Income from Continuing Ops	$4.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.6B
D&A	$1.1B
EBIT	$7.9B
EBITDA	$8.9B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$4.6B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$326M
Deferred Income Tax	$248M
Other Non-Cash Items	$0
Change in Working Capital	$1M
OPERATING CASH FLOW	$6.3B
Capital Expenditure	-$878M
Acquisitions (Net)	-$2.3B
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$5.7B
Other Investing Activities	-$5.7B
NET CASH FROM INVESTING	-$5.3B
Net Debt Issuance	$94M
Common Stock Repurchased	-$2.5B
Common Dividends Paid	-$449M
Other Financing Activities	$989M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$5.4B
Net Change in Cash	-$677M

Balance Sheet

Item	Amount
Cash & Equivalents	$9.1B
Short-Term Investments	$2.1B
Net Receivables	$3.7B
Inventory	$944M
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$18.4B
PP&E (Net)	$2.2B
Goodwill	$22.7B
Intangible Assets	$2.9B
Long-Term Investments	$14.7B
Tax Assets	$403M
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$44.7B
TOTAL ASSETS	$63.1B
Account Payables	$9.2B
Short-Term Debt	$2.5B
Deferred Revenue	$1.5B
Other Current Liabilities	$4.0B
TOTAL CURRENT LIABILITIES	$23.7B
Long-Term Debt	$8.7B
Deferred Revenue NC	$2.4B
Deferred Tax Liabilities	$2.5B
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$13.5B
TOTAL LIABILITIES	$37.2B
Common Stock	$11M
Additional Paid-In Capital	$0
Retained Earnings	$25.6B
Treasury Stock	$0
Accum. Other Comp. Income	$252M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$25.8B
Minority Interest	$0
TOTAL EQUITY	$25.8B
TOTAL LIABILITIES & EQUITY	$63.1B
Total Debt	$11.1B
Net Debt	$2.0B