UNH Q1 2017 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

Q1 2017 Earnings

Reported May 8, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2017	Q4 2016	Q1 2016	QoQ Change	YoY Change
Revenue	$48.7B	$47.5B	$44.5B	2.5%	9.4%
Op. Income	$3.4B	$3.2B	$3.0B	7.1%	15.3%
Gross Margin	22.5%	24.3%	23.0%	-1.7pp	-0.4pp
Net Margin	4.5%	3.5%	3.6%	0.9pp	0.8pp
EPS (Diluted)	$2.23	$1.74	$1.67	28.2%	33.5%
Free Cash Flow	$5.9B	-$1.9B	$1.9B	414.1%	214.3%

Revenue Flow

Item	Amount
REVENUE	$48.7B
Cost of Revenue	$37.8B
GROSS PROFIT	$11.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$7.6B
Operating Expenses	$7.6B
Cost & Expenses	$45.3B
OPERATING INCOME	$3.4B
Interest Income	$0
Interest Expense	$283M
Other Income/Expenses	-$283M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$939M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.2B
D&A	$533M
EBIT	$3.4B
EBITDA	$3.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$48.7B
Cost of Revenue	$37.8B
GROSS PROFIT	$11.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$7.6B
Operating Expenses	$7.6B
Cost & Expenses	$45.3B
OPERATING INCOME	$3.4B
Interest Income	$0
Interest Expense	$283M
Other Income/Expenses	-$283M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$939M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.2B
D&A	$533M
EBIT	$3.4B
EBITDA	$3.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.2B
Depreciation & Amortization	$533M
Stock-Based Compensation	$196M
Deferred Income Tax	-$46M
Other Non-Cash Items	$19M
Change in Working Capital	$3.6B
OPERATING CASH FLOW	$6.5B
Capital Expenditure	-$507M
Acquisitions (Net)	-$468M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	-$2.3B
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	-$189M
Common Stock Repurchased	-$682M
Common Dividends Paid	-$596M
Other Financing Activities	$3.0B
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	$5.9B
Net Change in Cash	$5.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$16.1B
Short-Term Investments	$3.2B
Net Receivables	$16.2B
Inventory	$0
Other Current Assets	$5.4B
TOTAL CURRENT ASSETS	$41.0B
PP&E (Net)	$6.3B
Goodwill	$52.4B
Intangible Assets	$8.6B
Long-Term Investments	$25.8B
Tax Assets	$2.9B
Other Non-Current Assets	$191M
TOTAL NON-CURRENT ASSETS	$96.2B
TOTAL ASSETS	$137.2B
Account Payables	$31.1B
Short-Term Debt	$7.7B
Deferred Revenue	$6.5B
Other Current Liabilities	$12.2B
TOTAL CURRENT LIABILITIES	$57.5B
Long-Term Debt	$26.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.9B
Other Non-Current Liabilities	$4.9B
TOTAL NON-CURRENT LIABILITIES	$34.0B
TOTAL LIABILITIES	$91.5B
Common Stock	$10M
Additional Paid-In Capital	$1.8B
Retained Earnings	$42.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$41.9B
Minority Interest	$3.8B
TOTAL EQUITY	$45.7B
TOTAL LIABILITIES & EQUITY	$137.2B
Total Debt	$33.9B
Net Debt	$17.8B