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: 2017 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 13, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues: | |||
| Premiums | $ 158,453 | 144,118 | 127,163 |
| Products | 26,366 | 26,658 | 17,312 |
| Services | 15,317 | 13,236 | 11,922 |
| Investment and other income | 1,023 | 828 | 710 |
| Total revenues | 201,159 | 184,840 | 157,107 |
| Operating costs: | |||
| Medical costs | 130,036 | 117,038 | 103,875 |
| Operating costs | 29,557 | 28,401 | 24,312 |
| Cost of products sold | 24,112 | 24,416 | 16,206 |
| Depreciation and amortization | 2,245 | 2,055 | 1,693 |
| Total operating costs | 185,950 | 171,910 | 146,086 |
| Earnings from operations | 15,209 | 12,930 | 11,021 |
| Interest expense | (1,186) | (1,067) | (790) |
| Earnings before income taxes | 14,023 | 11,863 | 10,231 |
| Provision for income taxes | (3,200) | (4,790) | (4,363) |
| Net earnings | 10,823 | 7,073 | 5,868 |
| Earnings attributable to noncontrolling interests | (265) | (56) | (55) |
| Net earnings attributable to UnitedHealth Group common shareholders | 10,558 | 7,017 | 5,813 |
| Earnings per share attributable to UnitedHealth Group common shareholders: | |||
| Basic | 10.95 | 7.37 | 6.10 |
| Diluted | 10.72 | 7.25 | 6.01 |
| Basic weighted-average number of common shares outstanding | 964 | 952 | 953 |
| Dilutive effect of common share equivalents | 21 | 16 | 14 |
| Diluted weighted-average number of common shares outstanding | 985 | 968 | 967 |
| Anti-dilutive shares excluded from the calculation of dilutive effect of common share equivalents | 5 | 3 | 8 |
| Cash dividends declared per common share | 2.88 | 2.38 | 1.88 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITEDHEALTH GROUP INC | |||
Ticker: UNH Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 13, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net earnings | $ 10,823 | 7,073 | 5,868 |
| Other comprehensive income (loss): | |||
| Gross unrealized gains (losses) on investment securities during the period | 209 | (73) | (123) |
| Income tax effect | (72) | 26 | 44 |
| Total unrealized gains (losses), net of tax | 137 | (47) | (79) |
| Gross reclassification adjustment for net realized gains included in net earnings | (83) | (166) | (141) |
| Income tax effect | 30 | 60 | 53 |
| Total reclassification adjustment, net of tax | (53) | (106) | (88) |
| Total foreign currency translation (losses) gains | (70) | 806 | (1,775) |
| Other comprehensive income (loss) | 14 | 653 | (1,942) |
| Comprehensive income | 10,837 | 7,726 | 3,926 |
| Comprehensive income attributable to noncontrolling interests | (265) | (56) | (55) |
| Comprehensive income attributable to UnitedHealth Group common shareholders | 10,572 | 7,670 | 3,871 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
UNITEDHEALTH GROUP INC | |||
Ticker: UNH Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 13, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net earnings | $ 10,823 | 7,073 | 5,868 |
| Noncash items: | |||
| Depreciation and amortization | 2,245 | 2,055 | 1,693 |
| Deferred income taxes | (965) | 81 | (73) |
| Share-based compensation | 597 | 485 | 406 |
| Other, net | 217 | (82) | (235) |
| Net change in other operating items, net of effects from acquisitions and changes in AARP balances: | |||
| Accounts receivable | (1,062) | (1,357) | (591) |
| Other assets | (630) | (1,601) | (1,430) |
| Medical costs payable | 1,284 | 1,849 | 2,585 |
| Accounts payable and other liabilities | 930 | 1,494 | 1,280 |
| Unearned revenues | 157 | (202) | 237 |
| Cash flows from operating activities | 13,596 | 9,795 | 9,740 |
| Investing activities | |||
| Purchases of investments | (14,588) | (17,547) | (9,939) |
| Sales of investments | 4,623 | 7,339 | 6,054 |
| Maturities of investments | 5,646 | 4,281 | 3,354 |
| Cash paid for acquisitions, net of cash assumed | (2,131) | (1,760) | (16,164) |
| Purchases of property, equipment and capitalized software | (2,023) | (1,705) | (1,556) |
| Other, net | (126) | 37 | (144) |
| Cash flows used for investing activities | (8,599) | (9,355) | (18,395) |
| Financing activities | |||
| Common share repurchases | (1,500) | (1,280) | (1,200) |
| Cash dividends paid | (2,773) | (2,261) | (1,786) |
| Proceeds from common stock issuances | 688 | 429 | 402 |
| Repayments of long-term debt | (4,398) | (2,596) | (1,041) |
| (Repayments of) proceeds from commercial paper, net | (3,508) | (382) | 3,666 |
| Proceeds from issuance of long-term debt | 5,291 | 3,968 | 11,982 |
| Customer funds administered | 3,172 | 1,692 | 768 |
| Other, net | (413) | (581) | (552) |
| Cash flows (used for) from financing activities | (3,441) | (1,011) | 12,239 |
| Effect of exchange rate changes on cash and cash equivalents | (5) | 78 | (156) |
| Increase (decrease) in cash and cash equivalents | 1,551 | (493) | 3,428 |
| Cash and cash equivalents, beginning of period | 10,430 | 10,923 | |
| Cash and cash equivalents, end of period | 11,981 | 10,430 | 10,923 |
| Supplemental cash flow disclosures | |||
| Cash paid for interest | 1,133 | 1,055 | 639 |
| Cash paid for income taxes | 4,004 | 4,726 | 4,401 |
| Supplemental schedule of non-cash investing activities | |||
| Common stock issued for acquisitions | 2,164 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
UNITEDHEALTH GROUP INC | ||
Ticker: UNH Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 13, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,981 | 10,430 |
| Short-term investments | 3,509 | 2,845 |
| Accounts receivable, net of allowances of $641 and $514 | 9,568 | 8,152 |
| Other current receivables, net of allowances of $440 and $409 | 6,262 | 7,499 |
| Assets under management | 3,101 | 3,105 |
| Prepaid expenses and other current assets | 2,663 | 1,848 |
| Total current assets | 37,084 | 33,879 |
| Long-term investments | 28,341 | 23,868 |
| Property, equipment and capitalized software, net of accumulated depreciation and amortization of $3,694 and $3,749 | 7,013 | 5,901 |
| Goodwill | 54,556 | 47,584 |
| Other intangible assets, net of accumulated amortization of $4,309 and $3,847 | 8,489 | 8,541 |
| Other assets | 3,575 | 3,037 |
| Total assets | 139,058 | 122,810 |
| Liabilities, redeemable noncontrolling interests and equity | ||
| Current liabilities: | ||
| Medical costs payable | 17,871 | 16,391 |
| Accounts payable and accrued liabilities | 15,180 | 13,361 |
| Commercial paper and current maturities of long-term debt | 2,857 | 7,193 |
| Unearned revenues | 2,269 | 1,968 |
| Other current liabilities | 12,286 | 10,339 |
| Total current liabilities | 50,463 | 49,252 |
| Long-term debt, less current maturities | 28,835 | 25,777 |
| Deferred income taxes | 2,182 | 2,761 |
| Other liabilities | 5,556 | 4,831 |
| Total liabilities | 87,036 | 82,621 |
| Commitments and contingencies (Note 12) | ||
| Redeemable noncontrolling interests | 2,189 | 2,012 |
| 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; 969 and 952 issued and outstanding | 10 | 10 |
| Additional paid-in capital | 1,703 | 0 |
| Retained earnings | 48,730 | 40,945 |
| Accumulated other comprehensive loss | (2,667) | (2,681) |
| Nonredeemable noncontrolling interest | 2,057 | (97) |
| Total equity | 49,833 | 38,177 |
| Total liabilities, redeemable noncontrolling interests and equity | 139,058 | 122,810 |
| External Links | |
| UNITEDHEALTH GROUP INC (UNH) Fiscal Year 2017 | |
| 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 |