10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITEDHEALTH GROUP INC | |||
Ticker: UNH Fiscal Year: 2012 | |||
Condensed Consolidated Statements of Operations | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 7, 2013) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues: | |||
| Premiums | $ 99,728 | 91,983 | 85,405 |
| Services | 7,437 | 6,613 | 5,819 |
| Products | 2,773 | 2,612 | 2,322 |
| Investment and other income | 680 | 654 | 609 |
| Total revenues | 110,618 | 101,862 | 94,155 |
| Operating costs: | |||
| Medical costs | 80,226 | 74,332 | 68,841 |
| Operating costs | 17,306 | 15,557 | 14,270 |
| Cost of products sold | 2,523 | 2,385 | 2,116 |
| Depreciation and amortization | 1,309 | 1,124 | 1,064 |
| Total operating costs | 101,364 | 93,398 | 86,291 |
| Earnings from operations | 9,254 | 8,464 | 7,864 |
| Interest expense | 632 | 505 | 481 |
| Earnings (loss) before income taxes | 8,622 | 7,959 | 7,383 |
| Provision for income taxes | 3,096 | 2,817 | 2,749 |
| Net earnings | 5,526 | 5,142 | 4,634 |
| Basic net earnings per common share | 5.38 | 4.81 | 4.14 |
| Diluted net earnings per common share | 5.28 | 4.73 | 4.10 |
| Basic weighted-average number of common shares outstanding | 1,027 | 1,070 | 1,120 |
| Dilutive effect of common stock equivalents | 19 | 17 | 11 |
| Diluted weighted-average number of common shares outstanding | 1,046 | 1,087 | 1,131 |
| Anti-dilutive shares excluded from the calculation of dilutive effect of common stock equivalents | 17 | 47 | 94 |
| Common Stock, Dividends, Per Share, Declared | 0.80 | 0.61 | 0.41 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITEDHEALTH GROUP INC | |||
Ticker: UNH Fiscal Year: 2012 | |||
Condensed Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 7, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net earnings | $ 5,526 | 5,142 | 4,634 |
| Other comprehensive (loss) income: | |||
| Gross unrealized holding gains on investment securities during the period | 217 | 422 | 74 |
| Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | 78 | 154 | 26 |
| Total unrealized gains, net of tax | 139 | 268 | 48 |
| Gross reclassification adjustment for net realized gains included in net earnings | (156) | (113) | (71) |
| Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax | (57) | (41) | (26) |
| Total reclassification adjustment, net of tax | (99) | (72) | (45) |
| Foreign currency translation adjustments | (63) | 13 | (4) |
| Other comprehensive (loss) income | (23) | 209 | (1) |
| Comprehensive income | 5,503 | 5,351 | 4,633 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITEDHEALTH GROUP INC | |||
Ticker: UNH Fiscal Year: 2012 | |||
Condensed Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 7, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating activities | |||
| Net earnings | $ 5,526 | 5,142 | 4,634 |
| Noncash items: | |||
| Depreciation and amortization | 1,309 | 1,124 | 1,064 |
| Deferred income taxes | 308 | 59 | 45 |
| Share-based compensation | 421 | 401 | 326 |
| Other, net | (231) | (67) | 203 |
| Net change in other operating items, net of effects from acquisitions and changes in AARP balances: | |||
| Accounts receivable | (130) | (267) | (16) |
| Other assets | (295) | (121) | 84 |
| Medical costs payable | 101 | 377 | (88) |
| Accounts payable and other liabilities | 199 | 146 | (341) |
| Other policy liabilities | (81) | 482 | 10 |
| Unearned revenues | 28 | (308) | 352 |
| Cash flows from operating activities | 7,155 | 6,968 | 6,273 |
| Investing activities | |||
| Purchases of investments | (9,903) | (9,895) | (7,855) |
| Sales of investments | 3,794 | 3,949 | 2,593 |
| Maturities of investments | 4,810 | 4,251 | 3,105 |
| Cash paid for acquisitions, net of cash assumed | (6,280) | (1,844) | (2,323) |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 0 | 385 | 19 |
| Purchases of property, equipment and capitalized software | (1,070) | (1,067) | (878) |
| Proceeds from disposal of property, equipment and capitalized software | 0 | 49 | 0 |
| Cash flows used for investing activities | (8,649) | (4,172) | (5,339) |
| Financing activities | |||
| Common stock repurchases | (3,084) | (2,994) | (2,517) |
| Proceeds from common stock issuances | 1,078 | 381 | 272 |
| Dividends paid | (820) | (651) | (449) |
| Proceeds from commercial paper, net | 1,587 | (933) | 930 |
| Proceeds from issuance of long-term debt | 3,966 | 2,234 | 747 |
| Repayments of long-term debt | (986) | (955) | (1,583) |
| Interest rate swap termination | 0 | 132 | 0 |
| Customer funds administered | (324) | 37 | 974 |
| Checks outstanding in excess of bank deposits | (202) | 206 | (5) |
| Acquisition of noncontrolling interest shares | (319) | 0 | 0 |
| Other, net | (425) | 53 | 20 |
| Cash flows (from) used for financing activities | 471 | (2,490) | (1,611) |
| Increase in cash and cash equivalents | (1,023) | 306 | (677) |
| Cash and cash equivalents, beginning of period | 9,429 | 9,123 | |
| Cash and cash equivalents, end of period | 8,406 | 9,429 | 9,123 |
| Cash paid for interest | 600 | 472 | 509 |
| Cash paid for income taxes | 2,666 | 2,739 | 2,725 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITEDHEALTH GROUP INC | ||
Ticker: UNH Fiscal Year: 2012 | ||
Condensed Consolidated Balance Sheets | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 7, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 8,406 | 9,429 |
| Short-term investments | 3,031 | 2,577 |
| Accounts receivable, net | 2,709 | 2,294 |
| Other current receivables, net | 2,889 | 2,255 |
| Assets under management | 2,773 | 2,708 |
| Deferred income taxes | 463 | 472 |
| Prepaid expenses and other current assets | 781 | 615 |
| Total current assets | 21,052 | 20,350 |
| Long-term investments | 17,711 | 16,166 |
| Property, equipment and capitalized software, net | 3,939 | 2,515 |
| Goodwill | 31,286 | 23,975 |
| Other intangible assets, net | 4,682 | 2,795 |
| Other assets | 2,215 | 2,088 |
| Total assets | 80,885 | 67,889 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Medical costs payable | 11,004 | 9,799 |
| Accounts payable and accrued liabilities | 6,984 | 6,853 |
| Other policy liabilities | 4,910 | 5,063 |
| Commercial paper and current maturities of long-term debt | 2,713 | 982 |
| Unearned revenues | 1,505 | 1,225 |
| Total current liabilities | 27,116 | 23,922 |
| Long-term debt, less current maturities | 14,041 | 10,656 |
| Future policy benefits | 2,444 | 2,445 |
| Deferred income taxes | 2,450 | 1,351 |
| Other liabilities | 1,535 | 1,223 |
| Total liabilities | 47,586 | 39,597 |
| Commitments and contingencies (Note 9) | ||
| Redeemable noncontrolling interest | 2,121 | 0 |
| Shareholders' equity: | ||
| Preferred stock, $0.001 par value - 10 shares authorized; no shares issued or outstanding | 0 | 0 |
| Common stock, $0.01 par value - 3,000 shares authorized; 1,019 and 1,039 issued and outstanding | 10 | 10 |
| Additional paid-in capital | 66 | 0 |
| Retained earnings | 30,664 | 27,821 |
| Accumulated other comprehensive income | 438 | 461 |
| Total shareholders' equity | 31,178 | 28,292 |
| Total liabilities and shareholders equity | 80,885 | 67,889 |
| External Links | |
| UNITEDHEALTH GROUP INC (UNH) Fiscal Year 2012 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |