2012 Q2 Form 10-Q Financial Statement

#000073176612000028 Filed on August 07, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q4 2011 Q2
Revenue $27.27B $25.92B $25.23B
YoY Change 8.05% 7.85% 8.47%
Cost Of Revenue $620.0M $554.0M
YoY Change 11.91%
Gross Profit $26.65B $24.68B
YoY Change 7.96%
Gross Profit Margin 97.73% 97.8%
Selling, General & Admin $4.080B $4.308B $3.733B
YoY Change 9.3% 5.41% 11.13%
% of Gross Profit 15.31% 15.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $326.0M $290.0M $270.0M
YoY Change 20.74% -9.38% 8.43%
% of Gross Profit 1.22% 1.09%
Operating Expenses $4.080B $23.84B $3.733B
YoY Change 9.3% 7.26% -82.53%
Operating Profit $2.226B $2.074B $2.099B
YoY Change 6.05% 15.09% 10.42%
Interest Expense $153.0M -$139.0M $119.0M
YoY Change 28.57% 17.8% -200.0%
% of Operating Profit 6.87% -6.7% 5.67%
Other Income/Expense, Net
YoY Change
Pretax Income $2.073B $1.935B $1.980B
YoY Change 4.7% 14.9% 11.11%
Income Tax $736.0M $677.0M $713.0M
% Of Pretax Income 35.5% 34.99% 36.01%
Net Earnings $1.337B $1.258B $1.267B
YoY Change 5.52% 20.61% 12.82%
Net Earnings / Revenue 4.9% 4.85% 5.02%
Basic Earnings Per Share $1.30 $1.19 $1.18
Diluted Earnings Per Share $1.27 $1.17 $1.16
COMMON SHARES
Basic Shares Outstanding 1.028B shares 1.066B shares 1.075B shares
Diluted Shares Outstanding 1.049B shares 1.094B shares

Balance Sheet

Concept 2012 Q2 2011 Q4 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.13B $28.18B
YoY Change 8.77%
Cash & Equivalents $11.58B $9.429B $9.775B
Short-Term Investments $19.55B $18.75B
Other Short-Term Assets $673.0M $615.0M $647.0M
YoY Change 4.02% 13.68% 29.14%
Inventory
Prepaid Expenses
Receivables $2.648B $2.294B
Other Receivables $1.887B $2.255B
Total Short-Term Assets $22.73B $20.35B $2.608B
YoY Change 771.43% 10.64% 12.85%
LONG-TERM ASSETS
Property, Plant & Equipment $2.589B $2.515B $2.302B
YoY Change 12.47% 14.32% 11.26%
Goodwill $26.19B $23.98B
YoY Change 5.41%
Intangibles $3.141B $2.795B
YoY Change -3.95%
Long-Term Investments $19.55B $18.74B $17.47B
YoY Change 11.93% 11.71% 15.61%
Other Assets $2.119B $2.088B $153.0M
YoY Change 1284.97% -0.95% -60.87%
Total Long-Term Assets $50.74B $47.54B $63.51B
YoY Change -20.11% 6.42% 9.28%
TOTAL ASSETS
Total Short-Term Assets $22.73B $20.35B $2.608B
Total Long-Term Assets $50.74B $47.54B $63.51B
Total Assets $73.47B $67.89B $66.12B
YoY Change 11.12% 7.65% 9.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.95B $16.65B $15.89B
YoY Change 6.65% 6.01% 2.25%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.461B $982.0M $1.689B
YoY Change -13.5% -60.4% -36.88%
Total Short-Term Liabilities $27.62B $23.92B $17.58B
YoY Change 57.1% 0.94% -3.5%
LONG-TERM LIABILITIES
Long-Term Debt $11.16B $10.66B $9.442B
YoY Change 18.15% 23.02% 17.5%
Other Long-Term Liabilities $8.228B $1.223B $7.805B
YoY Change 5.42% -81.17% 29.59%
Total Long-Term Liabilities $11.16B $11.88B $17.25B
YoY Change -35.32% 37.14% 22.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.62B $23.92B $17.58B
Total Long-Term Liabilities $11.16B $11.88B $17.25B
Total Liabilities $44.09B $39.60B $38.75B
YoY Change 13.77% 6.33% 8.87%
SHAREHOLDERS EQUITY
Retained Earnings $28.90B $27.82B
YoY Change 8.84%
Common Stock $10.00M $10.00M
YoY Change -9.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.38B $28.29B $27.36B
YoY Change
Total Liabilities & Shareholders Equity $73.47B $67.89B $66.12B
YoY Change 11.12% 7.65% 9.42%

Cashflow Statement

Concept 2012 Q2 2011 Q4 2011 Q2
OPERATING ACTIVITIES
Net Income $1.337B $1.258B $1.267B
YoY Change 5.52% 20.61% 12.82%
Depreciation, Depletion And Amortization $326.0M $290.0M $270.0M
YoY Change 20.74% -9.38% 8.43%
Cash From Operating Activities $2.185B -$415.0M $1.195B
YoY Change 82.85% -128.8% 65.28%
INVESTING ACTIVITIES
Capital Expenditures -$196.0M -$261.0M -$303.0M
YoY Change -35.31% -20.91% 43.6%
Acquisitions
YoY Change
Other Investing Activities -$809.0M -$988.0M $82.00M
YoY Change -1086.59% -28.15% -441.67%
Cash From Investing Activities -$1.005B -$1.249B -$221.0M
YoY Change 354.75% -26.74% -5.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.263B -2.586B -989.0M
YoY Change 27.7% 1261.05% 132.71%
NET CHANGE
Cash From Operating Activities 2.185B -415.0M 1.195B
Cash From Investing Activities -1.005B -1.249B -221.0M
Cash From Financing Activities -1.263B -2.586B -989.0M
Net Change In Cash -83.00M -4.250B -15.00M
YoY Change 453.33% 836.12% -123.81%
FREE CASH FLOW
Cash From Operating Activities $2.185B -$415.0M $1.195B
Capital Expenditures -$196.0M -$261.0M -$303.0M
Free Cash Flow $2.381B -$154.0M $1.498B
YoY Change 58.95% -108.7% 60.39%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These Condensed Consolidated Financial Statements include certain amounts based on the Company&#8217;s best estimates and judgments. The Company&#8217;s most significant estimates relate to medical costs payable and medical costs, premium rebates and risk-sharing provisions related to revenues, valuation and impairment analysis of goodwill and other intangible assets, estimates of other policy liabilities and other current receivables, valuations of investments, income taxes and contingent liabilities. These estimates require the application of complex assumptions and judgments, often because they involve matters that are inherently uncertain and will likely change in subsequent periods. The impact of any changes in estimates is included in earnings in the period in which the estimate is adjusted.</font></div></div>
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CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1049000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1096000000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1075000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1079000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1034000000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1028000000 shares
CY2012Q2 unh Aarp Assets Under Management
AarpAssetsUnderManagement
2628000000 USD
CY2011Q4 unh Aarp Assets Under Management
AarpAssetsUnderManagement
2708000000 USD
CY2012Q2 unh Cash Dividend Rate Per Share
CashDividendRatePerShare
0.85
CY2011Q2 unh Cash Dividend Rate Per Share
CashDividendRatePerShare
0.65
CY2012Q2 unh Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
18773000000 USD
CY2011Q4 unh Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
17988000000 USD
CY2011Q4 unh Marketable Securities Unrealized Gains
MarketableSecuritiesUnrealizedGains
794000000 USD
CY2012Q2 unh Marketable Securities Unrealized Gains
MarketableSecuritiesUnrealizedGains
797000000 USD
CY2011Q4 unh Marketable Securities Unrealized Losses
MarketableSecuritiesUnrealizedLosses
32000000 USD
CY2012Q2 unh Marketable Securities Unrealized Losses
MarketableSecuritiesUnrealizedLosses
16000000 USD
unh Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.050
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.050
CY2011Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.05
unh Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.05
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue
836000000 USD
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber
61000000 shares
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageExercisePrice
45
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableWeightedAverageRemainingContractualTerm
P3Y10M25D
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriod
21000000 shares
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodTotalIntrinsicValue
398000000 USD
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodTotalIntrinsicValue
178000000 USD
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodTotalIntrinsicValue
174000000 USD
CY2011Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodTotalIntrinsicValue
107000000 USD
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsForfeituresInPeriod
1000000 shares
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Net Of Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodNetOfForfeitures
1000000 shares
CY2011Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageGrantDateFairValue
17
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageGrantDateFairValue
19
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageGrantDateFairValue
15
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageGrantDateFairValue
19
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue
1052000000 USD
CY2011Q4 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
91000000 shares
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
70000000 shares
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
44
CY2011Q4 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageExercisePrice
42
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingWeightedAverageRemainingContractualTerm
P4Y3M19D
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1043000000 USD
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsVestedAndExpectedToVestOutstandingNumber
70000000 shares
CY2012Q2 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
44
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm
P4Y3M19D
CY2012Q2 unh Share Based Compensation Arrangements By Share Based Payment Award Options And Sars Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice
37
CY2012Q2 unh Share Based Compensation Arrangements By Share Based Payment Award Options And Sars Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAndSarsForfeituresInPeriodWeightedAverageExercisePrice
42
CY2012Q2 unh Share Based Compensation Arrangements By Share Based Payment Award Options And Sars Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageExercisePrice
55
CY2012Q2 unh Total Number Of Security Positions
TotalNumberOfSecurityPositions
16900 positions
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000731766
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1032705691 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
UNITEDHEALTH GROUP INC

Files In Submission

Name View Source Status
0000731766-12-000028-index-headers.html Edgar Link pending
0000731766-12-000028-index.html Edgar Link pending
0000731766-12-000028.txt Edgar Link pending
0000731766-12-000028-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
uhglogo1.jpg Edgar Link pending
unh-20120630.xml Edgar Link completed
unh-20120630.xsd Edgar Link pending
unh-20120630_cal.xml Edgar Link unprocessable
unh-20120630_def.xml Edgar Link unprocessable
unh-20120630_lab.xml Edgar Link unprocessable
unh-20120630_pre.xml Edgar Link unprocessable
unh201263010q.htm Edgar Link pending
unhex121630201210q.htm Edgar Link pending
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unhex321630201210q.htm Edgar Link pending