UNH Q1 2020 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

Q1 2020 Earnings

Reported May 6, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2020	Q4 2019	Q1 2019	QoQ Change	YoY Change
Revenue	$64.4B	$60.9B	$60.3B	5.8%	6.8%
Op. Income	$5.0B	$5.1B	$4.8B	-1.9%	3.4%
Gross Margin	24.4%	24.8%	23.2%	-0.4pp	1.2pp
Net Margin	5.2%	5.8%	5.7%	-0.6pp	-0.5pp
EPS (Diluted)	$3.52	$3.68	$3.56	-4.3%	-1.1%
Free Cash Flow	$2.5B	$5.6B	$2.7B	-55.5%	-7.4%

Revenue Flow

Item	Amount
REVENUE	$64.4B
Cost of Revenue	$48.7B
GROSS PROFIT	$15.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$10.7B
Operating Expenses	$10.7B
Cost & Expenses	$59.4B
OPERATING INCOME	$5.0B
Interest Income	$0
Interest Expense	$437M
Other Income/Expenses	-$437M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$723M
EBIT	$5.0B
EBITDA	$5.7B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$64.4B
Cost of Revenue	$48.7B
GROSS PROFIT	$15.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$10.7B
Operating Expenses	$10.7B
Cost & Expenses	$59.4B
OPERATING INCOME	$5.0B
Interest Income	$0
Interest Expense	$437M
Other Income/Expenses	-$437M
INCOME BEFORE TAX	$4.6B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.4B
D&A	$723M
EBIT	$5.0B
EBITDA	$5.7B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$723M
Stock-Based Compensation	$231M
Deferred Income Tax	$247M
Other Non-Cash Items	$83M
Change in Working Capital	-$1.7B
OPERATING CASH FLOW	$2.9B
Capital Expenditure	-$469M
Acquisitions (Net)	-$929M
Purchases of Investments	-$3.9B
Sales/Maturities of Investments	$30M
Other Investing Activities	$3.7B
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$10.8B
Common Stock Repurchased	-$1.7B
Common Dividends Paid	-$1.0B
Other Financing Activities	$1.2B
NET CASH FROM FINANCING	$9.3B
FREE CASH FLOW	$2.5B
Net Change in Cash	$10.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$21.6B
Short-Term Investments	$2.9B
Net Receivables	$24.9B
Inventory	$0
Other Current Assets	$9.5B
TOTAL CURRENT ASSETS	$58.8B
PP&E (Net)	$8.2B
Goodwill	$65.3B
Intangible Assets	$10.2B
Long-Term Investments	$36.6B
Tax Assets	$3.0B
Other Non-Current Assets	$7.0B
TOTAL NON-CURRENT ASSETS	$130.3B
TOTAL ASSETS	$189.1B
Account Payables	$45.6B
Short-Term Debt	$15.8B
Deferred Revenue	$2.5B
Other Current Liabilities	$14.7B
TOTAL CURRENT LIABILITIES	$78.6B
Long-Term Debt	$35.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.0B
Other Non-Current Liabilities	$10.0B
TOTAL NON-CURRENT LIABILITIES	$48.9B
TOTAL LIABILITIES	$127.5B
Common Stock	$10M
Additional Paid-In Capital	$0
Retained Earnings	$62.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$5.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$57.0B
Minority Interest	$4.6B
TOTAL EQUITY	$61.6B
TOTAL LIABILITIES & EQUITY	$189.1B
Total Debt	$51.6B
Net Debt	$30.0B