UNH FY 2019 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

FY 2019 Earnings

Reported February 14, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$242.2B	—	$226.2B	—	7.0%
Op. Income	$19.7B	—	$17.3B	—	13.5%
Gross Margin	23.8%	—	23.8%	—	-0.0pp
Net Margin	5.7%	—	5.3%	—	0.4pp
EPS (Diluted)	$14.33	—	$12.19	—	17.6%
Free Cash Flow	$16.4B	—	$13.7B	—	20.1%

Revenue Flow

Item	Amount
REVENUE	$242.2B
Cost of Revenue	$184.6B
GROSS PROFIT	$57.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$37.9B
Operating Expenses	$37.9B
Cost & Expenses	$222.5B
OPERATING INCOME	$19.7B
Interest Income	$0
Interest Expense	$1.7B
Other Income/Expenses	-$1.7B
INCOME BEFORE TAX	$18.0B
Income Tax Expense	$3.7B
Net Income from Continuing Ops	$14.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13.8B
D&A	$2.7B
EBIT	$19.7B
EBITDA	$22.4B
EPS	$15
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$242.2B
Cost of Revenue	$184.6B
GROSS PROFIT	$57.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$37.9B
Operating Expenses	$37.9B
Cost & Expenses	$222.5B
OPERATING INCOME	$19.7B
Interest Income	$0
Interest Expense	$1.7B
Other Income/Expenses	-$1.7B
INCOME BEFORE TAX	$18.0B
Income Tax Expense	$3.7B
Net Income from Continuing Ops	$14.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13.8B
D&A	$2.7B
EBIT	$19.7B
EBITDA	$22.4B
EPS	$15
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$13.8B
Depreciation & Amortization	$2.7B
Stock-Based Compensation	$697M
Deferred Income Tax	$230M
Other Non-Cash Items	$294M
Change in Working Capital	$683M
OPERATING CASH FLOW	$18.5B
Capital Expenditure	-$2.1B
Acquisitions (Net)	-$8.3B
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$15.6B
Other Investing Activities	-$15.4B
NET CASH FROM INVESTING	-$12.7B
Net Debt Issuance	$4.0B
Common Stock Repurchased	-$5.5B
Common Dividends Paid	-$3.9B
Other Financing Activities	-$187M
NET CASH FROM FINANCING	-$5.6B
FREE CASH FLOW	$16.4B
Net Change in Cash	$119M

Balance Sheet

Item	Amount
Cash & Equivalents	$11.0B
Short-Term Investments	$3.3B
Net Receivables	$11.8B
Inventory	$0
Other Current Assets	$16.6B
TOTAL CURRENT ASSETS	$42.6B
PP&E (Net)	$8.7B
Goodwill	$65.7B
Intangible Assets	$10.3B
Long-Term Investments	$37.2B
Tax Assets	-$84.7B
Other Non-Current Assets	$94.0B
TOTAL NON-CURRENT ASSETS	$131.3B
TOTAL ASSETS	$173.9B
Account Payables	$40.7B
Short-Term Debt	$3.9B
Deferred Revenue	$2.6B
Other Current Liabilities	$14.6B
TOTAL CURRENT LIABILITIES	$61.8B
Long-Term Debt	$36.8B
Deferred Revenue NC	-$3.0B
Deferred Tax Liabilities	$3.0B
Other Non-Current Liabilities	$13.1B
TOTAL NON-CURRENT LIABILITIES	$49.9B
TOTAL LIABILITIES	$111.7B
Common Stock	$9M
Additional Paid-In Capital	$7M
Retained Earnings	$61.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$3.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$57.6B
Minority Interest	$4.5B
TOTAL EQUITY	$62.2B
TOTAL LIABILITIES & EQUITY	$173.9B
Total Debt	$40.7B
Net Debt	$29.7B