2013 Q4 Form 10-Q Financial Statement

#000073176613000034 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $31.12B $30.62B $30.41B
YoY Change 8.16% 12.17% 11.53%
Cost Of Revenue $731.0M $669.0M
YoY Change 16.59% 7.9%
Gross Profit $29.89B $29.74B
YoY Change 12.06% 11.61%
Gross Profit Margin 97.61% 97.8%
Selling, General & Admin $5.054B $4.869B $4.825B
YoY Change 4.14% 13.84% 18.26%
% of Gross Profit 16.29% 16.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $350.0M $349.0M $340.0M
YoY Change -5.41% 10.09% 4.29%
% of Gross Profit 1.17% 1.14%
Operating Expenses $28.67B $4.869B $4.825B
YoY Change 7.49% 13.84% 18.26%
Operating Profit $2.452B $2.631B $2.401B
YoY Change 16.71% 0.8% 7.86%
Interest Expense -$176.0M $178.0M $176.0M
YoY Change 1.73% 12.66% 15.03%
% of Operating Profit -7.18% 6.77% 7.33%
Other Income/Expense, Net
YoY Change
Pretax Income $2.276B $2.453B $2.225B
YoY Change 18.05% 0.04% 7.33%
Income Tax $849.0M $883.0M $789.0M
% Of Pretax Income 37.3% 36.0% 35.46%
Net Earnings $1.427B $1.570B $1.436B
YoY Change 14.71% 0.83% 7.4%
Net Earnings / Revenue 4.59% 5.13% 4.72%
Basic Earnings Per Share $1.43 $1.56 $1.42
Diluted Earnings Per Share $1.41 $1.53 $1.40
COMMON SHARES
Basic Shares Outstanding 1.007B shares 1.004B shares 1.009B shares
Diluted Shares Outstanding 1.024B shares 1.026B shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $7.276B $8.286B $7.654B
Short-Term Investments
Other Short-Term Assets $930.0M $790.0M $848.0M
YoY Change 19.08% 16.52% 26.0%
Inventory
Prepaid Expenses
Receivables $3.052B $2.853B $3.674B
Other Receivables $3.998B $3.772B $3.020B
Total Short-Term Assets $20.38B $21.19B $20.62B
YoY Change -3.19% 4.24% -9.28%
LONG-TERM ASSETS
Property, Plant & Equipment $4.010B $3.829B $3.785B
YoY Change 1.8% 46.2% 46.2%
Goodwill $31.60B $31.75B $31.43B
YoY Change 1.02% 20.55% 19.99%
Intangibles $3.844B $4.019B $4.079B
YoY Change -17.9% 31.81% 29.86%
Long-Term Investments $21.54B $21.22B $20.42B
YoY Change 3.86% 4.69% 4.45%
Other Assets $2.439B $2.287B $2.316B
YoY Change 10.11% 7.12% 9.3%
Total Long-Term Assets $61.50B $60.67B $59.58B
YoY Change 2.79% 18.1% 17.43%
TOTAL ASSETS
Total Short-Term Assets $20.38B $21.19B $20.62B
Total Long-Term Assets $61.50B $60.67B $59.58B
Total Assets $81.88B $81.86B $80.20B
YoY Change 1.23% 14.17% 9.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.458B $7.145B $18.90B
YoY Change -58.54% -57.9% 11.5%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.969B $1.895B $1.086B
YoY Change -27.42% 2.32% -25.67%
Total Short-Term Liabilities $27.88B $27.87B $26.41B
YoY Change 2.82% 12.13% -4.41%
LONG-TERM LIABILITIES
Long-Term Debt $14.89B $14.89B $15.54B
YoY Change 6.05% 33.57% 39.32%
Other Long-Term Liabilities $1.525B $1.622B $1.576B
YoY Change -0.65% -79.41% -80.85%
Total Long-Term Liabilities $16.42B $16.51B $17.12B
YoY Change 5.39% 48.12% 53.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.88B $27.87B $26.41B
Total Long-Term Liabilities $16.42B $16.51B $17.12B
Total Liabilities $48.56B $48.72B $48.05B
YoY Change 2.04% 17.46% 8.98%
SHAREHOLDERS EQUITY
Retained Earnings $33.05B $32.59B $31.91B
YoY Change 7.77% 9.97% 10.42%
Common Stock $10.00M $10.00M $10.00M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $32.15B $32.02B $31.38B
YoY Change
Total Liabilities & Shareholders Equity $81.88B $81.86B $80.20B
YoY Change 1.23% 14.17% 9.17%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $1.427B $1.570B $1.436B
YoY Change 14.71% 0.83% 7.4%
Depreciation, Depletion And Amortization $350.0M $349.0M $340.0M
YoY Change -5.41% 10.09% 4.29%
Cash From Operating Activities $1.068B $3.396B $1.474B
YoY Change -36.5% -1239.6% -32.54%
INVESTING ACTIVITIES
Capital Expenditures -$321.0M -$361.0M -$302.0M
YoY Change 13.03% 12.46% 54.08%
Acquisitions
YoY Change
Other Investing Activities -$495.0M -$894.0M $188.0M
YoY Change -87.32% 21.47% -123.24%
Cash From Investing Activities -$816.0M -$1.255B -$114.0M
YoY Change -80.52% 18.73% -88.66%
FINANCING ACTIVITIES
Cash Dividend Paid $280.0M $281.0M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.263B -1.516B -3.670B
YoY Change -163.24% 15.99% 190.58%
NET CHANGE
Cash From Operating Activities 1.068B 3.396B 1.474B
Cash From Investing Activities -816.0M -1.255B -114.0M
Cash From Financing Activities -1.263B -1.516B -3.670B
Net Change In Cash -1.011B 625.0M -2.310B
YoY Change 98.24% -123.48% 2683.13%
FREE CASH FLOW
Cash From Operating Activities $1.068B $3.396B $1.474B
Capital Expenditures -$321.0M -$361.0M -$302.0M
Free Cash Flow $1.389B $3.757B $1.776B
YoY Change -29.35% 16234.78% -25.41%

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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y7M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y7M6D
CY2012Q4 us-gaap Short Term Investments
ShortTermInvestments
3031000000 USD
CY2013Q3 us-gaap Short Term Investments
ShortTermInvestments
2433000000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
25000000 shares
CY2013Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
110000000 shares
CY2013Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
95000000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
37000000 shares
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
32016000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
31178000000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
63.87
us-gaap Use Of Estimates
UseOfEstimates
<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:6px;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 risk-adjusted 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 certain investments, and estimates and judgments related to income taxes and contingent liabilities. Certain of 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>
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
20000000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
17000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
19000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
17000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1026000000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1024000000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1039000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1049000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1009000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1030000000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1022000000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1004000000 shares
CY2012Q4 unh Aarp Assets Under Management
AarpAssetsUnderManagement
2773000000 USD
CY2013Q3 unh Aarp Assets Under Management
AarpAssetsUnderManagement
2694000000 USD
CY2013Q3 unh Assets Measuredat Fair Valueona Recurring Basisasa Percentageof Total Assetsat Fair Value
AssetsMeasuredatFairValueonaRecurringBasisasaPercentageofTotalAssetsatFairValue
1.00
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
CY2013Q3 unh Availableforsale Equity Securities Accumulated Gross Unrealized Lossbefore Tax
AvailableforsaleEquitySecuritiesAccumulatedGrossUnrealizedLossbeforeTax
13000000 USD
CY2012Q4 unh Availableforsale Equity Securities Accumulated Gross Unrealized Lossbefore Tax
AvailableforsaleEquitySecuritiesAccumulatedGrossUnrealizedLossbeforeTax
1000000 USD
CY2012Q2 unh Cash Dividend Annual Rate Per Share
CashDividendAnnualRatePerShare
0.85
CY2013Q2 unh Cash Dividend Annual Rate Per Share
CashDividendAnnualRatePerShare
1.12
CY2012Q4 unh Assets Measuredat Fair Valueona Recurring Basisasa Percentageof Total Assetsat Fair Value
AssetsMeasuredatFairValueonaRecurringBasisasaPercentageofTotalAssetsatFairValue
1.00
dei Document Type
DocumentType
10-Q
CY2013Q3 unh Availableforsale Equity Securities Accumulated Gross Unrealized Gainbefore Tax
AvailableforsaleEquitySecuritiesAccumulatedGrossUnrealizedGainbeforeTax
4000000 USD
CY2012Q4 unh Availableforsale Equity Securities Accumulated Gross Unrealized Gainbefore Tax
AvailableforsaleEquitySecuritiesAccumulatedGrossUnrealizedGainbeforeTax
10000000 USD
CY2012Q4 unh Heldtomaturity Securities Accumulated Unrecognized Holding Gain
HeldtomaturitySecuritiesAccumulatedUnrecognizedHoldingGain
8000000 USD
CY2013Q3 unh Heldtomaturity Securities Accumulated Unrecognized Holding Gain
HeldtomaturitySecuritiesAccumulatedUnrecognizedHoldingGain
3000000 USD
CY2012Q4 unh Heldtomaturity Securities Accumulated Unrecognized Holding Loss
HeldtomaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
0 USD
CY2013Q3 unh Heldtomaturity Securities Accumulated Unrecognized Holding Loss
HeldtomaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
0 USD
CY2012Q4 unh Investments Amortized Cost
InvestmentsAmortizedCost
19926000000 USD
CY2013Q3 unh Investments Amortized Cost
InvestmentsAmortizedCost
21012000000 USD
CY2013Q3 unh Investments Gross Unrealized Gains
InvestmentsGrossUnrealizedGains
388000000 USD
CY2012Q4 unh Investments Gross Unrealized Gains
InvestmentsGrossUnrealizedGains
833000000 USD
CY2013Q3 unh Investments Gross Unrealized Losses
InvestmentsGrossUnrealizedLosses
181000000 USD
CY2012Q4 unh Investments Gross Unrealized Losses
InvestmentsGrossUnrealizedLosses
9000000 USD
CY2013Q3 unh Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.050
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 Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.050
unh Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedForfeitures
0.050
CY2013Q3 unh Total Number Of Security Positions
TotalNumberOfSecurityPositions
19500
dei Amendment Flag
AmendmentFlag
false
dei Entity Central Index Key
EntityCentralIndexKey
0000731766
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1006758191 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
UNITEDHEALTH GROUP INC

Files In Submission

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0000731766-13-000034.txt Edgar Link pending
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