UNH Q2 2017 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

Q2 2017 Earnings

Reported August 4, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$50.1B	$48.7B	$46.5B	2.7%	7.7%
Op. Income	$3.7B	$3.4B	$3.2B	9.3%	16.5%
Gross Margin	23.2%	22.5%	22.6%	0.7pp	0.6pp
Net Margin	4.6%	4.5%	3.8%	0.1pp	0.8pp
EPS (Diluted)	$2.32	$2.23	$1.81	4.0%	28.2%
Free Cash Flow	$1.8B	$5.9B	$1.3B	-70.5%	35.4%

Revenue Flow

Item	Amount
REVENUE	$50.1B
Cost of Revenue	$38.4B
GROSS PROFIT	$11.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$7.9B
Operating Expenses	$7.9B
Cost & Expenses	$46.3B
OPERATING INCOME	$3.7B
Interest Income	$0
Interest Expense	$301M
Other Income/Expenses	-$301M
INCOME BEFORE TAX	$3.4B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$556M
EBIT	$3.7B
EBITDA	$4.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$50.1B
Cost of Revenue	$38.4B
GROSS PROFIT	$11.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$7.9B
Operating Expenses	$7.9B
Cost & Expenses	$46.3B
OPERATING INCOME	$3.7B
Interest Income	$0
Interest Expense	$301M
Other Income/Expenses	-$301M
INCOME BEFORE TAX	$3.4B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$556M
EBIT	$3.7B
EBITDA	$4.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.3B
Depreciation & Amortization	$556M
Stock-Based Compensation	$136M
Deferred Income Tax	$0
Other Non-Cash Items	$23M
Change in Working Capital	-$828M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$418M
Acquisitions (Net)	-$236M
Purchases of Investments	-$743M
Sales/Maturities of Investments	$2.5B
Other Investing Activities	-$2.5B
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	-$2.0B
Common Stock Repurchased	-$363M
Common Dividends Paid	-$724M
Other Financing Activities	$611M
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$1.8B
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$14.6B
Short-Term Investments	$3.4B
Net Receivables	$17.8B
Inventory	$0
Other Current Assets	$5.5B
TOTAL CURRENT ASSETS	$41.2B
PP&E (Net)	$6.3B
Goodwill	$52.5B
Intangible Assets	$8.3B
Long-Term Investments	$26.4B
Tax Assets	$2.8B
Other Non-Current Assets	$457M
TOTAL NON-CURRENT ASSETS	$96.9B
TOTAL ASSETS	$138.1B
Account Payables	$32.2B
Short-Term Debt	$5.7B
Deferred Revenue	$6.1B
Other Current Liabilities	$13.0B
TOTAL CURRENT LIABILITIES	$57.1B
Long-Term Debt	$26.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.8B
Other Non-Current Liabilities	$4.9B
TOTAL NON-CURRENT LIABILITIES	$34.0B
TOTAL LIABILITIES	$91.1B
Common Stock	$10M
Additional Paid-In Capital	$1.7B
Retained Earnings	$44.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$43.2B
Minority Interest	$3.8B
TOTAL EQUITY	$47.0B
TOTAL LIABILITIES & EQUITY	$138.1B
Total Debt	$31.9B
Net Debt	$17.4B