Unitedhealth group incorporated (UNH)
CashFlow / TTM
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

14,147

14,239

13,735

13,390

13,015

12,382

12,939

12,216

11,556

10,823

8,810

8,227

7,637

7,073

6,617

6,257

6,082

5,868

6,126

6,110

5,933

5,619

5,536

5,504

5,532

5,673

5,490

5,477

5,378

5,526

5,540

5,254

5,184

5,142

4,927

4,933

4,789

4,634

4,535

4,293

4,029

3,822

0

0

0

Noncash items:
Depreciation and amortization

2,804

2,720

2,639

2,541

2,485

2,428

2,369

2,336

2,294

2,245

2,194

2,131

2,086

2,055

2,012

1,949

1,817

1,693

1,590

1,511

1,496

1,478

1,447

1,423

1,399

1,375

1,395

1,363

1,349

1,309

1,229

1,206

1,150

1,124

1,154

1,107

1,086

1,064

1,002

1,005

1,005

991

0

0

0

Deferred income taxes

298

230

210

395

250

42

-497

-923

-950

-965

27

22

-153

81

-429

-184

-50

-73

-59

-131

-94

-117

-199

-115

-31

1

220

300

313

308

328

-97

20

59

-39

250

127

45

-26

-71

63

-16

0

0

0

Share-based compensation

685

697

651

678

673

638

653

623

609

597

572

555

524

485

469

457

438

406

401

387

384

364

345

343

337

331

347

355

380

421

414

425

418

401

392

377

349

326

325

321

339

334

0

0

0

Other, net

103

106

116

208

56

71

87

-116

-201

-217

-154

-49

45

82

95

95

185

235

253

310

277

298

218

145

107

83

195

154

184

231

141

168

132

67

-98

-132

-172

-203

-62

-39

-21

-23

0

0

0

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

1,069

-162

-590

-1,866

1,193

1,351

1,802

-102

1,409

1,062

1,021

904

1,479

1,357

264

1,504

943

591

1,273

505

679

911

742

1,496

844

317

343

894

277

130

-41

-388

198

267

196

70

83

16

-38

-31

-119

-100

0

0

0

Other assets

4,317

1,563

1,290

155

-987

750

1,508

1,479

2,864

630

529

1,069

437

1,601

1,579

1,304

1,430

1,430

1,457

1,633

1,471

590

1,067

1,312

1,563

838

784

929

630

295

-13

-133

38

121

245

127

144

-84

-2

-87

-187

250

0

0

0

Medical costs payable

1,216

1,221

309

1,015

1,643

1,831

1,724

1,452

1,573

1,284

1,170

845

1,505

1,849

2,432

2,696

2,343

2,585

1,967

1,912

1,707

484

375

277

223

509

748

595

528

101

444

555

480

377

138

-9

161

-88

-242

-305

-186

424

0

0

0

Accounts payable and other liabilities

4,552

733

-2,152

-1,740

-1,977

526

1,430

1,942

3,459

930

2,497

29

-250

1,494

1,944

2,157

1,668

1,280

1,127

1,227

1,620

1,637

1,193

2,571

2,361

459

339

283

164

199

144

297

-104

146

-384

-455

-558

-341

169

361

151

99

0

0

0

Other policy liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-153

-398

-424

-221

167

243

167

-81

-376

80

242

482

459

144

139

10

270

240

-25

104

0

0

0

Unearned revenues

-41

130

78

-5,337

-5,249

38

-4,481

960

1,040

157

890

4,536

4,545

-202

3,982

88

203

237

115

67

-64

385

173

234

463

102

221

-2,728

-2,566

28

-2,578

2,247

2,308

-308

2,520

482

238

352

5

-38

11

-6

0

0

0

Cash flows from operating activities

18,172

18,463

14,654

12,445

10,578

15,713

10,740

17,345

15,509

13,596

14,764

14,421

13,933

9,795

14,715

10,309

9,789

9,740

8,658

9,061

8,912

8,051

6,690

6,886

7,346

6,991

7,605

3,911

4,622

7,155

5,058

10,320

9,330

6,968

8,824

6,764

6,292

6,273

6,112

5,949

5,718

5,625

0

0

0

Investing activities
Purchases of investments

18,457

18,131

16,080

13,477

13,659

14,010

15,278

15,826

14,796

14,588

15,942

15,516

16,057

17,547

15,458

14,628

13,221

9,939

8,817

8,737

8,905

9,928

11,201

11,711

12,266

12,176

11,269

10,899

10,401

9,903

10,343

10,362

9,505

9,895

9,662

9,076

8,498

7,855

6,782

6,014

6,437

6,466

0

0

0

Sales of investments

9,196

8,536

6,967

4,318

4,149

3,641

4,686

4,540

4,607

4,623

5,726

6,004

6,235

7,339

6,435

7,215

7,673

6,054

5,932

5,568

5,969

7,701

7,737

7,175

6,659

5,706

5,007

4,628

4,042

3,794

3,529

4,054

3,898

3,949

3,652

3,056

2,718

2,593

2,451

2,927

3,651

4,040

0

0

0

Maturities of investments

7,106

7,091

6,715

6,374

6,477

6,270

6,110

6,081

5,824

5,646

5,492

5,084

4,629

4,281

3,837

3,705

3,489

3,354

3,317

3,104

3,044

3,026

3,254

3,685

4,489

4,859

4,939

5,206

4,907

4,810

5,019

4,672

4,301

4,251

3,843

3,580

3,413

3,105

2,795

2,805

2,658

2,675

0

0

0

Cash paid for acquisitions, net of cash assumed

8,583

8,343

8,373

8,112

4,103

5,997

7,047

4,063

4,246

2,131

-59

429

531

1,760

2,708

16,421

17,286

16,164

17,255

3,178

2,153

1,923

883

601

428

362

4,060

4,160

4,624

6,280

2,916

3,421

3,238

1,844

1,729

2,985

2,786

2,323

2,156

251

564

486

0

0

0

Cash received from dispositions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, equipment and capitalized software

1,978

2,071

1,979

2,080

2,148

2,063

2,137

2,058

1,993

2,023

1,876

1,817

1,787

1,705

1,704

1,653

1,608

1,556

1,476

1,525

1,545

1,525

1,442

1,398

1,337

1,307

1,270

1,230

1,124

1,070

1,047

1,016

1,123

1,067

1,136

1,051

959

878

804

771

711

739

0

0

0

Other, net

100

-219

-299

-412

0

226

283

315

223

126

-32

-76

-48

-37

118

176

98

144

-203

-262

-134

-115

-7

-47

-95

-191

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows used for investing activities

-12,816

-12,699

-12,451

-12,565

-9,284

-12,385

-13,949

-11,641

-10,827

-8,599

-6,509

-6,598

-7,463

-9,355

-9,716

-21,958

-21,051

-18,395

-18,096

-4,506

-3,456

-2,534

-2,674

-2,949

-2,788

-3,089

-6,462

-6,264

-7,155

-8,649

-5,709

-6,017

-5,233

-4,172

-4,628

-6,079

-6,093

-5,339

-4,496

-1,304

-1,403

-976

0

0

0

Financing activities
Common share repurchases

4,189

5,500

5,951

5,851

4,852

4,500

3,977

3,605

3,468

1,500

1,336

1,345

1,462

1,280

1,187

1,227

804

1,200

2,114

3,024

3,993

4,008

3,846

3,773

3,538

3,170

2,838

2,609

2,636

3,084

3,494

3,548

3,365

2,994

2,719

2,531

2,511

2,517

2,125

1,538

1,738

1,801

0

0

0

Payments of Ordinary Dividends, Common Stock

4,096

3,932

3,774

3,616

3,458

3,320

3,181

3,041

2,899

2,773

2,641

2,510

2,380

2,261

2,142

2,024

1,906

1,786

1,668

1,553

1,443

1,362

1,283

1,201

1,116

1,056

994

931

868

820

773

728

684

651

617

584

584

449

0

0

0

-

-

-

-

Proceeds from common stock issuances

1,271

1,037

833

808

866

838

829

775

713

688

646

566

501

429

423

414

408

402

428

437

438

462

460

551

698

598

1,108

982

937

1,078

578

566

542

381

394

391

273

272

224

205

204

282

0

0

0

Repayments of long-term debt

500

1,750

1,250

2,750

2,750

2,600

4,131

3,381

4,106

4,398

3,362

3,112

3,387

2,596

2,726

2,226

1,226

1,041

416

1,056

1,056

812

861

221

704

1,609

1,915

2,546

2,063

986

631

0

0

955

1,205

1,205

1,705

1,583

1,333

1,783

1,283

1,350

0

0

0

Proceeds from short-term borrowings, net

7,996

300

3,961

6,904

-1,359

-201

-320

-2,293

890

-3,508

-4,427

-1,902

-236

-382

1,694

2,704

2,187

3,666

516

393

391

-794

1,410

113

-595

-474

518

899

1,473

1,587

-1,213

-1,087

-1,448

-933

619

204

1,464

930

1,131

820

165

-99

0

0

0

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

5,291

2,825

2,825

2,825

3,968

2,485

14,467

14,467

11,982

0

0

0

-

-

-

-

2,235

4,721

5,206

5,206

3,966

2,967

2,482

2,482

2,234

1,494

1,494

1,494

747

0

0

0

-

-

-

-

Customer funds administered

-709

13

-1,263

-1,778

-1,309

-131

1,065

2,355

2,917

3,172

4,102

4,552

3,842

1,692

1,898

866

786

768

-79

-30

-407

-638

-717

-491

-113

31

-325

-577

-499

-324

-1,310

-83

124

37

1,616

1,094

1,126

974

816

638

481

204

0

0

0

Share-based compensation excess tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest rate swap termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

513

0

0

0

Checks outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

122

129

27

-5

37

-11

-5

22

0

0

0

Other, net

-1,267

-1,237

-1,056

-1,197

-1,132

-1,386

-875

-565

-540

-413

-615

-538

-691

-581

-809

-973

-667

-552

-186

-156

-151

-138

-236

-179

-180

-27

-168

-398

-548

-627

-330

-32

55

259

70

115

87

20

23

-39

-42

-10

0

0

0

Cash flows from (used for) financing activities

3,950

-5,625

-85

-4,509

-7,059

-4,365

-2,677

-1,842

-2,544

-3,441

-4,808

-1,464

-988

-1,011

-251

12,001

13,245

12,239

10,347

-2,992

-4,224

-5,293

-5,073

-5,201

-7,022

-4,946

-1,686

-1,477

930

471

-4,112

-2,500

-2,226

-2,490

-94

-893

-329

-1,611

-1,574

-1,909

-2,282

-2,275

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-144

-20

-18

6

-71

-78

-120

-76

-37

-5

26

6

64

78

65

-22

-37

-156

-159

-88

-96

-5

4

22

-60

-86

-87

-94

-20

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-1,115

-6,006

3,786

2,101

1,551

3,473

6,365

5,546

-493

4,813

330

1,946

3,428

750

1,475

1,136

219

-1,053

-1,242

-2,524

-1,130

-630

-3,924

-1,623

-1,023

-4,763

1,803

1,871

306

4,102

-208

-130

-677

42

2,736

2,033

2,374

0

0

0

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

-

-

-

-

-

-

-

-

-

2,164

2,164

1,867

1,860

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-