Unitedhealth group incorporated (UNH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Operating activities
Net earnings

3,465

3,668

3,629

3,385

3,557

3,164

3,284

3,010

2,924

3,721

2,561

2,350

2,191

1,708

1,978

1,760

1,627

1,252

1,618

1,585

1,413

1,510

1,602

1,408

1,099

1,427

1,570

1,436

1,240

1,244

1,557

1,337

1,388

1,258

1,271

1,267

1,346

1,043

1,277

1,123

1,191

944

1,035

859

984

Noncash items:
Depreciation and amortization

723

718

709

654

639

637

611

598

582

578

578

556

533

527

515

511

502

484

452

379

378

381

373

364

360

350

349

340

336

370

317

326

296

290

294

270

270

320

247

249

248

258

250

249

234

Deferred income taxes

202

53

-18

61

134

33

167

-84

-74

-506

-259

-111

-89

486

-264

-286

145

-24

-19

-152

122

-10

-91

-115

99

-92

-7

-31

131

127

73

-18

126

147

-352

99

165

49

-63

-24

83

-22

-108

110

4

Share-based compensation

231

172

127

155

243

126

154

150

208

141

124

136

196

116

107

105

157

100

95

86

125

95

81

83

105

76

79

77

99

92

87

102

140

85

98

95

123

76

83

67

100

75

79

85

95

Other, net

-45

-75

54

169

-42

-65

146

17

-27

-49

-57

-68

-43

14

48

26

-6

27

48

116

44

45

105

83

65

-35

32

45

41

77

-9

75

88

-13

18

39

23

-178

-16

-1

-8

-37

7

17

-10

Net change in other operating items, net of effects from acquisitions and changes in AARP balances:
Accounts receivable

2,652

795

1,239

-3,617

1,421

367

-37

-558

1,579

818

-1,941

953

1,232

777

-2,058

1,528

1,110

-316

-818

967

758

366

-1,586

1,141

990

197

-832

489

463

223

-281

-128

316

52

-628

458

385

-19

-754

471

318

-73

-747

383

337

Other assets

4,249

-618

407

279

1,495

-891

-728

-863

3,232

-133

-757

522

998

-234

-217

-110

2,162

-256

-492

16

2,162

-229

-316

-146

1,281

248

-71

105

556

194

74

-194

221

-114

-46

-23

304

10

-164

-6

76

92

-249

-106

513

Medical costs payable

1,120

998

-224

-678

1,125

86

482

-50

1,313

-21

210

71

1,024

-135

-115

731

1,368

448

149

378

1,610

-170

94

173

387

-279

-4

119

673

-40

-157

52

246

303

-46

-23

143

64

-193

147

-106

-90

-256

266

504

Accounts payable and other liabilities

4,137

628

138

-351

318

-2,257

550

-588

2,821

-1,353

1,062

929

292

214

-1,406

650

2,036

664

-1,193

161

1,648

511

-1,093

554

1,665

67

285

344

-237

-53

229

225

-202

-108

382

-176

48

-638

311

-279

265

-128

503

-489

213

Other policy liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

166

54

154

-

218

-15

-203

-153

-27

-41

0

235

49

-117

-248

-60

505

45

-8

-83

190

40

-137

177

160

-225

-8

Unearned revenues

-79

70

489

-521

92

18

-4,926

-433

5,379

-4,501

515

-353

4,496

-3,768

4,161

-344

-251

416

267

-229

-217

294

219

-360

232

82

280

-131

-129

201

-2,669

31

2,465

-2,405

2,156

92

-151

423

118

-152

-37

76

75

-103

-54

Cash flows from operating activities

2,943

6,205

3,150

5,874

3,234

2,396

941

4,007

8,369

-2,577

7,546

2,171

6,456

-1,409

7,203

1,683

2,318

3,511

2,797

1,163

2,269

2,429

3,200

1,014

1,408

1,068

3,396

1,474

1,053

1,682

-298

2,185

3,586

-415

4,964

1,195

1,224

1,441

2,904

723

1,205

1,280

2,741

492

1,112

Investing activities
Purchases of investments

3,866

4,745

5,737

4,109

3,540

2,694

3,134

4,291

3,891

3,962

3,682

3,261

3,683

5,316

3,256

3,802

5,173

3,227

2,426

2,395

1,891

2,105

2,346

2,563

2,914

3,378

2,856

3,118

2,824

2,471

2,486

2,620

2,326

2,911

2,505

1,763

2,716

2,678

1,919

1,185

2,073

1,605

1,151

1,608

2,102

Sales of investments

2,170

2,338

3,518

1,170

1,510

769

869

1,001

1,002

1,814

723

1,068

1,018

2,917

1,001

1,299

2,122

2,013

1,781

1,757

503

1,891

1,417

2,158

2,235

1,927

855

1,642

1,282

1,228

476

1,056

1,034

963

1,001

900

1,085

666

405

562

960

524

881

1,286

1,349

Maturities of investments

1,726

1,931

1,845

1,604

1,711

1,555

1,504

1,707

1,504

1,395

1,475

1,450

1,326

1,241

1,067

995

978

797

935

779

843

760

722

719

825

988

1,153

1,523

1,195

1,068

1,420

1,224

1,098

1,277

1,073

853

1,048

869

810

686

740

559

820

539

757

Cash paid for acquisitions, net of cash assumed

929

143

3,449

4,062

689

173

3,188

53

2,583

1,223

204

236

468

-967

692

338

1,697

-19

14,405

1,203

575

1,072

328

178

345

32

46

5

279

3,730

146

469

1,935

366

651

286

541

251

1,907

87

78

84

2

400

0

Cash received from dispositions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, equipment and capitalized software

469

650

444

415

562

558

545

483

477

632

466

418

507

485

407

388

425

484

356

343

373

404

405

363

353

321

361

302

323

284

321

196

269

261

290

303

213

330

205

211

132

256

172

151

160

Other, net

165

119

166

-350

-154

39

53

62

72

96

85

-30

-25

-62

41

-2

-14

93

99

-80

32

-254

40

48

51

-146

0

0

-45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows used for investing activities

-1,533

-1,388

-4,433

-5,462

-1,416

-1,140

-4,547

-2,181

-4,517

-2,704

-2,239

-1,367

-2,289

-614

-2,328

-2,232

-4,181

-975

-14,570

-1,325

-1,525

-676

-980

-275

-603

-816

-1,255

-114

-904

-4,189

-1,057

-1,005

-2,398

-1,249

-1,365

-221

-1,337

-1,705

-2,816

-235

-583

-862

376

-334

-156

Financing activities
Common share repurchases

1,691

399

600

1,499

3,002

850

500

500

2,650

327

128

363

682

163

137

480

500

70

177

57

896

984

1,087

1,026

911

822

1,014

791

543

490

785

818

991

900

839

635

620

625

651

615

626

233

64

815

689

Payments of Ordinary Dividends, Common Stock

1,024

1,024

1,024

1,024

860

866

866

866

722

727

726

724

596

595

595

594

477

476

477

476

357

358

362

366

276

279

280

281

216

217

217

218

168

170

172

174

135

136

139

174

0

-

-

-

-

Proceeds from common stock issuances

557

297

292

125

323

93

267

183

295

84

213

121

270

42

133

56

198

36

124

50

192

62

133

51

216

60

224

198

116

570

98

153

257

70

86

129

96

83

83

11

95

35

64

10

173

Repayments of long-term debt

0

500

0

0

1,250

0

1,500

0

1,100

1,531

750

725

1,392

495

500

1,000

601

625

0

0

416

0

640

0

172

49

0

483

1,077

355

631

0

0

0

0

0

955

250

0

500

833

0

450

0

900

Proceeds from short-term borrowings, net

10,797

-3,698

-2,926

3,823

3,101

-37

17

-4,440

4,259

-156

-1,956

-1,257

-139

-1,075

569

409

-285

1,001

1,579

-108

1,194

-2,149

1,456

-110

9

55

159

-818

130

1,047

540

-244

244

-1,753

666

-605

759

-201

251

655

225

0

-60

0

-39

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

3,949

0

0

1,342

1,483

0

0

2,485

0

11,982

0

0

-

-

-

-

0

0

0

2,235

2,486

485

0

995

1,487

0

0

747

747

0

0

0

-

-

-

-

Customer funds administered

1,062

-407

-1,015

-349

1,784

-1,683

-1,530

120

2,962

-487

-240

682

3,217

443

210

-28

1,067

649

-822

-108

1,049

-198

-773

-485

818

-277

-547

-107

962

-633

-799

-29

1,137

-1,619

428

178

1,050

-40

-94

210

898

-198

-272

53

621

Share-based compensation excess tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-1

28

Interest rate swap termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,026

0

0

-513

Checks outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-43

-247

-

-6

95

-183

216

1

-7

-215

258

-47

-1

-188

Other, net

-398

-481

-227

-161

-368

-300

-368

-96

-622

211

-58

-71

-495

9

19

-224

-385

-219

-145

82

-270

147

-115

87

-257

49

-58

86

-104

-92

-288

-64

-183

205

10

23

21

16

55

-5

-46

19

-7

-8

-14

Cash flows from (used for) financing activities

9,303

-6,212

-56

915

-272

-672

-4,480

-1,635

2,422

1,016

-3,645

-2,337

1,525

-351

-301

-1,861

1,502

409

11,951

-617

496

-1,483

-1,388

-1,849

-573

-1,263

-1,516

-3,670

1,503

1,997

-1,307

-1,263

1,044

-2,586

305

-989

780

-190

-494

-425

-502

-153

-829

-798

-495

Effect of exchange rate changes on cash and cash equivalents

-129

17

-43

11

-5

19

-19

-66

-12

-23

25

-27

20

8

5

31

34

-5

-82

16

-85

-8

-11

8

6

1

7

-74

-20

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash and cash equivalents

10,584

-

-

-

1,541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

603

-8,105

125

6,262

-4,288

1,687

-1,560

5,712

-2,366

4,579

-2,379

-327

2,940

96

-763

1,155

262

821

-1,102

238

-1,010

632

-2,384

1,632

-510

-2,662

-83

2,232

-4,250

3,904

-15

667

-454

-406

63

120

265

2,288

-640

461

Supplemental schedule of non-cash investing activities
Common stock issued for acquisitions

-

-

-

-

-

-

-

-

-

0

297

7

1,860

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-