2012 Q4 Form 10-Q Financial Statement

#000073176612000038 Filed on October 30, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $28.77B $27.30B $25.28B
YoY Change 11.01% 8.0% 6.81%
Cost Of Revenue $627.0M $609.0M
YoY Change 2.96% 13.62%
Gross Profit $26.68B $24.67B
YoY Change 8.12% 6.65%
Gross Profit Margin 97.7% 97.59%
Selling, General & Admin $4.853B $4.277B $3.899B
YoY Change 12.65% 9.69% 9.89%
% of Gross Profit 16.03% 15.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $370.0M $317.0M $294.0M
YoY Change 27.59% 7.82% 19.03%
% of Gross Profit 1.19% 1.19%
Operating Expenses $26.67B $4.277B $3.899B
YoY Change 11.85% 9.69% 9.89%
Operating Profit $2.101B $2.610B $2.070B
YoY Change 1.3% 26.09% -3.5%
Interest Expense -$173.0M $158.0M $129.0M
YoY Change 24.46% 22.48% 8.4%
% of Operating Profit -8.23% 6.05% 6.23%
Other Income/Expense, Net
YoY Change
Pretax Income $1.928B $2.452B $1.941B
YoY Change -0.36% 26.33% -4.2%
Income Tax $684.0M $895.0M $670.0M
% Of Pretax Income 35.48% 36.5% 34.52%
Net Earnings $1.244B $1.557B $1.271B
YoY Change -1.11% 22.5% -0.47%
Net Earnings / Revenue 4.32% 5.7% 5.03%
Basic Earnings Per Share $1.22 $1.52 $1.19
Diluted Earnings Per Share $1.20 $1.50 $1.17
COMMON SHARES
Basic Shares Outstanding 1.021B shares 1.022B shares 1.065B shares
Diluted Shares Outstanding 1.039B shares 1.083B shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.78B
YoY Change
Cash & Equivalents $8.406B $8.916B $13.68B
Short-Term Investments $18.10B
Other Short-Term Assets $781.0M $678.0M $666.0M
YoY Change 26.99% 1.8% 48.0%
Inventory
Prepaid Expenses
Receivables $2.709B $2.403B $2.234B
Other Receivables $2.889B $2.145B $2.142B
Total Short-Term Assets $21.05B $20.33B $24.51B
YoY Change 3.45% -17.04% 1035.68%
LONG-TERM ASSETS
Property, Plant & Equipment $3.939B $2.619B $2.388B
YoY Change 56.62% 9.67% 17.46%
Goodwill $31.29B $26.34B $23.72B
YoY Change 30.49% 11.03%
Intangibles $4.682B $3.049B $2.855B
YoY Change 67.51% 6.8%
Long-Term Investments $20.74B $20.27B $18.10B
YoY Change 10.67% 11.99% 11.88%
Other Assets $2.215B $2.135B $2.038B
YoY Change 6.08% 4.76% 303.56%
Total Long-Term Assets $59.83B $51.37B $46.40B
YoY Change 25.86% 10.7% -23.76%
TOTAL ASSETS
Total Short-Term Assets $21.05B $20.33B $24.51B
Total Long-Term Assets $59.83B $51.37B $46.40B
Total Assets $80.89B $71.70B $70.91B
YoY Change 19.14% 1.11% 12.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.99B $16.97B $16.09B
YoY Change 8.02% 5.48% -1.46%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.713B $1.852B $2.364B
YoY Change 176.27% -21.66% -19.29%
Total Short-Term Liabilities $27.12B $24.85B $28.62B
YoY Change 13.35% -13.16% 48.6%
LONG-TERM LIABILITIES
Long-Term Debt $14.04B $11.15B $9.555B
YoY Change 31.77% 16.65% 18.31%
Other Long-Term Liabilities $1.535B $7.876B $8.954B
YoY Change 25.51% -12.04% 35.11%
Total Long-Term Liabilities $15.58B $11.15B $9.555B
YoY Change 31.12% 16.65% -35.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.12B $24.85B $28.62B
Total Long-Term Liabilities $15.58B $11.15B $9.555B
Total Liabilities $47.59B $41.48B $43.04B
YoY Change 20.18% -3.63% 15.04%
SHAREHOLDERS EQUITY
Retained Earnings $30.66B $29.64B $27.46B
YoY Change 10.22% 7.92%
Common Stock $10.00M $10.00M $11.00M
YoY Change 0.0% -9.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.18B $30.22B $27.87B
YoY Change
Total Liabilities & Shareholders Equity $80.89B $71.70B $70.91B
YoY Change 19.14% 1.11% 12.51%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $1.244B $1.557B $1.271B
YoY Change -1.11% 22.5% -0.47%
Depreciation, Depletion And Amortization $370.0M $317.0M $294.0M
YoY Change 27.59% 7.82% 19.03%
Cash From Operating Activities $1.682B -$298.0M $4.964B
YoY Change -505.3% -106.0% 70.94%
INVESTING ACTIVITIES
Capital Expenditures -$284.0M -$321.0M -$290.0M
YoY Change 8.81% 10.69% 41.46%
Acquisitions
YoY Change
Other Investing Activities -$3.905B -$736.0M -$1.075B
YoY Change 295.24% -31.53% -58.83%
Cash From Investing Activities -$4.189B -$1.057B -$1.365B
YoY Change 235.39% -22.56% -51.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.997B -1.307B 305.0M
YoY Change -177.22% -528.52% -161.74%
NET CHANGE
Cash From Operating Activities 1.682B -298.0M 4.964B
Cash From Investing Activities -4.189B -1.057B -1.365B
Cash From Financing Activities 1.997B -1.307B 305.0M
Net Change In Cash -510.0M -2.662B 3.904B
YoY Change -88.0% -168.19% -1061.58%
FREE CASH FLOW
Cash From Operating Activities $1.682B -$298.0M $4.964B
Capital Expenditures -$284.0M -$321.0M -$290.0M
Free Cash Flow $1.966B $23.00M $5.254B
YoY Change -1376.62% -99.56% 68.99%

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us-gaap Use Of Estimates
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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:11pt;"><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-adjustment and risk-sharing provisions related to revenues,</font><font style="font-family:inherit;font-size:11pt;color:#1f497d;"> </font><font style="font-family:inherit;font-size:10pt;">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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CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
17000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
17000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
19000000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1039000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1091000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1049000000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1083000000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1022000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1030000000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1065000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1074000000 shares
CY2011Q4 unh Aarp Assets Under Management
AarpAssetsUnderManagement
2708000000 USD
CY2012Q3 unh Aarp Assets Under Management
AarpAssetsUnderManagement
2737000000 USD
CY2012Q3 unh Cash Dividend Rate Per Share
CashDividendRatePerShare
0.85
CY2011Q2 unh Cash Dividend Rate Per Share
CashDividendRatePerShare
0.65
CY2012Q3 unh Cash Paid On Exchange Of Long Term Debt
CashPaidOnExchangeOfLongTermDebt
138000000 USD
unh Interest Rate Swap Termination
InterestRateSwapTermination
132000000 USD
unh Interest Rate Swap Termination
InterestRateSwapTermination
0 USD
CY2012Q3 unh Investments Amortized Cost
InvestmentsAmortizedCost
19342000000 USD
CY2011Q4 unh Investments Amortized Cost
InvestmentsAmortizedCost
17988000000 USD
CY2011Q4 unh Investments Gross Unrealized Gains
InvestmentsGrossUnrealizedGains
794000000 USD
CY2012Q3 unh Investments Gross Unrealized Gains
InvestmentsGrossUnrealizedGains
935000000 USD
CY2012Q3 unh Investments Gross Unrealized Losses
InvestmentsGrossUnrealizedLosses
5000000 USD
CY2011Q4 unh Investments Gross Unrealized Losses
InvestmentsGrossUnrealizedLosses
32000000 USD
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
68000000 shares
CY2012Q3 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 Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.050
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.050
CY2011Q3 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
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableIntrinsicValue
627000000 USD
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisableNumber
59000000 shares
CY2012Q3 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
P3Y8M12D
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriod
23000000 shares
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodTotalIntrinsicValue
216000000 USD
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodTotalIntrinsicValue
44000000 USD
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodTotalIntrinsicValue
442000000 USD
CY2011Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodTotalIntrinsicValue
42000000 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
CY2011Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageGrantDateFairValue
16
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageGrantDateFairValue
16
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageGrantDateFairValue
18
unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageGrantDateFairValue
15
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingIntrinsicValue
809000000 USD
CY2011Q4 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsOutstandingNumber
91000000 shares
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
804000000 USD
CY2012Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Options And Sars Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndSarsVestedAndExpectedToVestOutstandingNumber
67000000 shares
CY2012Q3 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
P4Y
CY2012Q3 unh Share Based Compensation Arrangements By Share Based Payment Award Options And Sars Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAndSarsExercisesInPeriodWeightedAverageExercisePrice
37
CY2012Q3 unh Share Based Compensation Arrangements By Share Based Payment Award Options And Sars Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAndSarsForfeituresInPeriodWeightedAverageExercisePrice
42
CY2012Q3 unh Share Based Compensation Arrangements By Share Based Payment Award Options And Sars Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAndSarsGrantsInPeriodWeightedAverageExercisePrice
55
CY2012Q3 unh Total Number Of Security Positions
TotalNumberOfSecurityPositions
18000 positions
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000731766
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1021492625 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
UNITEDHEALTH GROUP INC

Files In Submission

Name View Source Status
0000731766-12-000038-index-headers.html Edgar Link pending
0000731766-12-000038-index.html Edgar Link pending
0000731766-12-000038.txt Edgar Link pending
0000731766-12-000038-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
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uhglogo1.jpg Edgar Link pending
unh-20120930.xml Edgar Link completed
unh-20120930.xsd Edgar Link pending
unh-20120930_cal.xml Edgar Link unprocessable
unh-20120930_def.xml Edgar Link unprocessable
unh-20120930_lab.xml Edgar Link unprocessable
unh-20120930_pre.xml Edgar Link unprocessable
unh201293010q.htm Edgar Link pending
unhex121930201210q.htm Edgar Link pending
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