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: 2014 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 10, 2015) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues: | |||
| Premiums | $ 115,302 | 109,557 | 99,728 |
| Services | 10,151 | 8,997 | 7,437 |
| Products | 4,242 | 3,190 | 2,773 |
| Investment and other income | 779 | 745 | 680 |
| Total revenues | 130,474 | 122,489 | 110,618 |
| Operating costs: | |||
| Medical costs | 93,257 | 89,290 | 80,226 |
| Operating costs | 21,681 | 19,362 | 17,306 |
| Cost of products sold | 3,784 | 2,839 | 2,523 |
| Depreciation and amortization | 1,478 | 1,375 | 1,309 |
| Total operating costs | 120,200 | 112,866 | 101,364 |
| Earnings from operations | 10,274 | 9,623 | 9,254 |
| Interest expense | (618) | (708) | (632) |
| Earnings before income taxes | 9,656 | 8,915 | 8,622 |
| Provision for income taxes | (4,037) | (3,242) | (3,096) |
| Net earnings | 5,619 | 5,673 | 5,526 |
| Earnings attributable to noncontrolling interests | 0 | (48) | 0 |
| Net earnings attributable to UnitedHealth Group common shareholders | 5,619 | 5,625 | 5,526 |
| Earnings per share attributable to UnitedHealth Group common shareholders: | |||
| Basic net earnings per common share attributable to UnitedHealth Group common shareholders | 5.78 | 5.59 | 5.38 |
| Diluted net earnings per common share attributable to UnitedHealth Group common shareholders | 5.70 | 5.50 | 5.28 |
| Basic weighted-average number of common shares outstanding | 972 | 1,006 | 1,027 |
| Dilutive effect of common share equivalents | 14 | 17 | 19 |
| Diluted weighted-average number of common shares outstanding | 986 | 1,023 | 1,046 |
| Anti-dilutive shares excluded from the calculation of dilutive effect of common stock equivalents | 6 | 8 | 17 |
| Cash dividends declared per common share | 1.41 | 1.05 | 0.80 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITEDHEALTH GROUP INC | |||
Ticker: UNH Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 10, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net earnings | $ 5,619 | 5,673 | 5,526 |
| Other comprehensive loss: | |||
| Gross unrealized holding gains (losses) on investment securities during the period | 476 | (543) | 217 |
| Income tax effect | (173) | 196 | (78) |
| Total unrealized gains (losses), net of tax | 303 | (347) | 139 |
| Gross reclassification adjustment for net realized gains included in net earnings | (211) | (181) | (156) |
| Income tax effect | 77 | 66 | 57 |
| Total reclassification adjustment, net of tax | (134) | (115) | (99) |
| Total foreign currency translation losses | (653) | (884) | (63) |
| Other comprehensive loss | (484) | (1,346) | (23) |
| Comprehensive income | 5,135 | 4,327 | 5,503 |
| Comprehensive income attributable to noncontrolling interests | 0 | (48) | 0 |
| Comprehensive income attributable to UnitedHealth Group common shareholders | 5,135 | 4,279 | 5,503 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITEDHEALTH GROUP INC | |||
Ticker: UNH Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 10, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating activities | |||
| Net earnings | $ 5,619 | 5,673 | 5,526 |
| Noncash items: | |||
| Depreciation and amortization | 1,478 | 1,375 | 1,309 |
| Deferred income taxes | (117) | 1 | 308 |
| Share-based compensation | 364 | 331 | 421 |
| Other, net | (298) | (83) | (231) |
| Net change in other operating items, net of effects from acquisitions and changes in AARP balances: | |||
| Accounts receivable | (911) | (317) | (130) |
| Other assets | (590) | (838) | (295) |
| Medical costs payable | 484 | 509 | 101 |
| Accounts payable and other liabilities | 1,642 | 459 | 199 |
| Other policy liabilities | (5) | (221) | (81) |
| Unearned revenues | 385 | 102 | 28 |
| Cash flows from operating activities | 8,051 | 6,991 | 7,155 |
| Investing activities | |||
| Purchases of investments | (9,928) | (12,176) | (9,903) |
| Sales of investments | 7,701 | 5,706 | 3,794 |
| Maturities of investments | 3,026 | 4,859 | 4,810 |
| Cash paid for acquisitions, net of cash assumed | (1,923) | (362) | (6,280) |
| Purchases of property, equipment and capitalized software | (1,525) | (1,307) | (1,070) |
| Proceeds from disposal of property, equipment and capitalized software | 78 | 146 | 0 |
| Other, net | 37 | 45 | 0 |
| Cash flows used for investing activities | (2,534) | (3,089) | (8,649) |
| Financing activities | |||
| Acquisition of noncontrolling interest shares | 0 | (1,474) | (319) |
| Common stock repurchases | (4,008) | (3,170) | (3,084) |
| Cash dividends paid | (1,362) | (1,056) | (820) |
| Proceeds from common stock issuances | 462 | 598 | 1,078 |
| Repayments of long-term debt | (812) | (1,609) | (986) |
| (Repayments of) proceeds from commercial paper, net | (794) | (474) | 1,587 |
| Proceeds from issuance of long-term debt | 1,997 | 2,235 | 3,966 |
| Customer funds administered | (638) | 31 | (324) |
| Other, net | (138) | (27) | (627) |
| Cash flows (used for) from financing activities | (5,293) | (4,946) | 471 |
| Effect of exchange rate changes on cash and cash equivalents | (5) | (86) | 0 |
| Increase (decrease) in cash and cash equivalents | 219 | (1,130) | (1,023) |
| Cash and cash equivalents, beginning of period | 7,276 | 8,406 | |
| Cash and Cash Equivalents, end of period | 7,495 | 7,276 | 8,406 |
| Supplemental cash flow disclosures | |||
| Cash paid for interest | 644 | 724 | 600 |
| Cash paid for income taxes | 4,024 | 2,785 | 2,666 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITEDHEALTH GROUP INC | ||
Ticker: UNH Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 10, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 7,495 | 7,276 |
| Short-term investments | 1,741 | 1,937 |
| Accounts receivable, net of allowances of $260 and $196 | 4,252 | 3,052 |
| Other current receivables, net of allowances of $156 and $169 | 5,498 | 3,998 |
| Assets under management | 2,962 | 2,757 |
| Deferred income taxes | 556 | 430 |
| Prepaid expenses and other current assets | 1,052 | 930 |
| Total current assets | 23,556 | 20,380 |
| Long-term investments | 18,827 | 19,605 |
| Property, equipment and capitalized software, net of accumulated depreciation and amortization of $2,954 and $2,675 | 4,418 | 4,010 |
| Goodwill | 32,940 | 31,604 |
| Other intangible assets, net of accumulated amortization of $2,685 and $2,283 | 3,669 | 3,844 |
| Other assets | 2,972 | 2,439 |
| Total assets | 86,382 | 81,882 |
| Liabilities and shareholders equity | ||
| Current liabilities: | ||
| Medical costs payable | 12,040 | 11,575 |
| Accounts payable and accrued liabilities | 9,247 | 7,458 |
| Other policy liabilities | 5,965 | 5,279 |
| Commercial paper and current maturities of long-term debt | 1,399 | 1,969 |
| Unearned revenues | 1,972 | 1,600 |
| Total current liabilities | 30,623 | 27,881 |
| Long-term debt, less current maturities | 16,007 | 14,891 |
| Future policy benefits | 2,488 | 2,465 |
| Deferred income taxes | 2,065 | 1,796 |
| Other liabilities | 1,357 | 1,525 |
| Total liabilities | 52,540 | 48,558 |
| Commitments and contingencies (Note 12) | ||
| Redeemable noncontrolling interests | 1,388 | 1,175 |
| 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; 954 and 988 issued and outstanding | 10 | 10 |
| Retained earnings | 33,836 | 33,047 |
| Accumulated other comprehensive loss | (1,392) | (908) |
| Total shareholders' equity | 32,454 | 32,149 |
| Total liabilities and shareholders equity | 86,382 | 81,882 |
| External Links | |
| UNITEDHEALTH GROUP INC (UNH) Fiscal Year 2014 | |
| 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 |