UNH Q3 2018 Earnings Report — UnitedHealth Group Incorporated Revenue & Financial Results | Market Cap Arena

UnitedHealth Group IncorporatedUNH

Q3 2018 Earnings

Reported November 8, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$56.6B	—	$50.3B	—	12.4%
Op. Income	$4.6B	—	$4.1B	—	12.3%
Gross Margin	24.2%	—	24.0%	—	0.2pp
Net Margin	5.6%	—	4.9%	—	0.7pp
EPS (Diluted)	$3.24	—	$2.51	—	29.1%
Free Cash Flow	$396M	—	$7.1B	—	-94.4%

Revenue Flow

Item	Amount
REVENUE	$56.6B
Cost of Revenue	$42.9B
GROSS PROFIT	$13.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$9.1B
Operating Expenses	$9.1B
Cost & Expenses	$52.0B
OPERATING INCOME	$4.6B
Interest Income	$0
Interest Expense	$353M
Other Income/Expenses	-$353M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$953M
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.2B
D&A	$611M
EBIT	$4.6B
EBITDA	$5.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$56.6B
Cost of Revenue	$42.9B
GROSS PROFIT	$13.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$9.1B
Operating Expenses	$9.1B
Cost & Expenses	$52.0B
OPERATING INCOME	$4.6B
Interest Income	$0
Interest Expense	$353M
Other Income/Expenses	-$353M
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$953M
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.2B
D&A	$611M
EBIT	$4.6B
EBITDA	$5.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.2B
Depreciation & Amortization	$611M
Stock-Based Compensation	$154M
Deferred Income Tax	$167M
Other Non-Cash Items	-$50M
Change in Working Capital	-$3.1B
OPERATING CASH FLOW	$941M
Capital Expenditure	-$545M
Acquisitions (Net)	-$3.2B
Purchases of Investments	-$761M
Sales/Maturities of Investments	$2.4B
Other Investing Activities	-$2.4B
NET CASH FROM INVESTING	-$4.5B
Net Debt Issuance	-$1.5B
Common Stock Repurchased	-$500M
Common Dividends Paid	-$866M
Other Financing Activities	-$1.9B
NET CASH FROM FINANCING	-$4.5B
FREE CASH FLOW	$396M
Net Change in Cash	-$8.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.3B
Short-Term Investments	$3.6B
Net Receivables	$18.3B
Inventory	$0
Other Current Assets	$6.6B
TOTAL CURRENT ASSETS	$38.8B
PP&E (Net)	$8.0B
Goodwill	$58.7B
Intangible Assets	$9.5B
Long-Term Investments	$31.9B
Tax Assets	$2.4B
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$112.3B
TOTAL ASSETS	$151.1B
Account Payables	$38.8B
Short-Term Debt	$1.5B
Deferred Revenue	$2.4B
Other Current Liabilities	$13.6B
TOTAL CURRENT LIABILITIES	$56.4B
Long-Term Debt	$32.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$5.9B
TOTAL NON-CURRENT LIABILITIES	$40.3B
TOTAL LIABILITIES	$96.7B
Common Stock	$10M
Additional Paid-In Capital	$0
Retained Earnings	$54.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$4.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$50.0B
Minority Interest	$4.4B
TOTAL EQUITY	$54.4B
TOTAL LIABILITIES & EQUITY	$151.1B
Total Debt	$33.6B
Net Debt	$23.3B