UNH FY 2011 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

FY 2011 Earnings

Reported February 8, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$101.9B	—	$94.2B	—	8.2%
Op. Income	$8.5B	—	$7.9B	—	7.6%
Gross Margin	9.4%	—	9.5%	—	-0.1pp
Net Margin	5.0%	—	4.9%	—	0.1pp
EPS (Diluted)	$4.73	—	$4.10	—	15.4%
Free Cash Flow	$6.0B	—	$5.4B	—	10.3%

Revenue Flow

Item	Amount
REVENUE	$101.9B
Cost of Revenue	$92.3B
GROSS PROFIT	$9.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$15.6B
Other Expenses	-$14.4B
Operating Expenses	$1.1B
Cost & Expenses	$93.4B
OPERATING INCOME	$8.5B
Interest Income	$0
Interest Expense	$505M
Other Income/Expenses	-$505M
INCOME BEFORE TAX	$8.0B
Income Tax Expense	$2.8B
Net Income from Continuing Ops	$5.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.1B
D&A	$1.1B
EBIT	$8.5B
EBITDA	$9.6B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$101.9B
Cost of Revenue	$92.3B
GROSS PROFIT	$9.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$15.6B
Other Expenses	-$14.4B
Operating Expenses	$1.1B
Cost & Expenses	$93.4B
OPERATING INCOME	$8.5B
Interest Income	$0
Interest Expense	$505M
Other Income/Expenses	-$505M
INCOME BEFORE TAX	$8.0B
Income Tax Expense	$2.8B
Net Income from Continuing Ops	$5.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.1B
D&A	$1.1B
EBIT	$8.5B
EBITDA	$9.6B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$5.1B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$401M
Deferred Income Tax	-$8M
Other Non-Cash Items	$0
Change in Working Capital	$309M
OPERATING CASH FLOW	$7.0B
Capital Expenditure	-$1.0B
Acquisitions (Net)	-$1.4B
Purchases of Investments	-$9.9B
Sales/Maturities of Investments	$8.2B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$4.2B
Net Debt Issuance	$346M
Common Stock Repurchased	-$3.0B
Common Dividends Paid	-$651M
Other Financing Activities	$428M
NET CASH FROM FINANCING	-$2.5B
FREE CASH FLOW	$6.0B
Net Change in Cash	$306M

Balance Sheet

Item	Amount
Cash & Equivalents	$9.4B
Short-Term Investments	$2.6B
Net Receivables	$4.5B
Inventory	$1.1B
Other Current Assets	$2.1B
TOTAL CURRENT ASSETS	$20.4B
PP&E (Net)	$2.5B
Goodwill	$24.0B
Intangible Assets	$2.8B
Long-Term Investments	$16.2B
Tax Assets	$472M
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$47.5B
TOTAL ASSETS	$67.9B
Account Payables	$16.7B
Short-Term Debt	$982M
Deferred Revenue	$1.2B
Other Current Liabilities	$5.1B
TOTAL CURRENT LIABILITIES	$23.9B
Long-Term Debt	$10.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.6B
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$15.7B
TOTAL LIABILITIES	$39.6B
Common Stock	$10M
Additional Paid-In Capital	$0
Retained Earnings	$27.8B
Treasury Stock	$0
Accum. Other Comp. Income	$461M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.3B
Minority Interest	$0
TOTAL EQUITY	$28.3B
TOTAL LIABILITIES & EQUITY	$67.9B
Total Debt	$11.6B
Net Debt	$2.2B