Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

UnitedHealth Group Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums	290,827)	257,157)	226,233)	201,478)	189,699)
Products	42,583)	37,424)	34,437)	34,145)	31,597)
Services	34,123)	27,551)	24,603)	20,016)	18,973)
Revenues, customers	367,533)	322,132)	285,273)	255,639)	240,269)
Medical costs	(241,894)	(210,842)	(186,911)	(159,396)	(156,440)
Cost of products sold	(38,770)	(33,703)	(31,034)	(30,745)	(28,117)
Cost of revenues	(280,664)	(244,545)	(217,945)	(190,141)	(184,557)
Gross profit	86,869)	77,587)	67,328)	65,498)	55,712)
Investment and other income	4,089)	2,030)	2,324)	1,502)	1,886)
Operating costs	(54,628)	(47,782)	(42,579)	(41,704)	(35,193)
Depreciation and amortization	(3,972)	(3,400)	(3,103)	(2,891)	(2,720)
Earnings from operations	32,358)	28,435)	23,970)	22,405)	19,685)
Interest expense	(3,246)	(2,092)	(1,660)	(1,663)	(1,704)
Earnings before income taxes	29,112)	26,343)	22,310)	20,742)	17,981)
Provision for income taxes	(5,968)	(5,704)	(4,578)	(4,973)	(3,742)
Net earnings	23,144)	20,639)	17,732)	15,769)	14,239)
Earnings attributable to noncontrolling interests	(763)	(519)	(447)	(366)	(400)
Net earnings attributable to UnitedHealth Group common shareholders	22,381)	20,120)	17,285)	15,403)	13,839)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Revenues, customers	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	UnitedHealth Group Inc. revenues, customers increased from 2021 to 2022 and from 2022 to 2023.
Earnings from operations	The net result for the period of deducting operating expenses from operating revenues.	UnitedHealth Group Inc. earnings from operations increased from 2021 to 2022 and from 2022 to 2023.
Earnings before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	UnitedHealth Group Inc. earnings before income taxes increased from 2021 to 2022 and from 2022 to 2023.
Net earnings attributable to UnitedHealth Group common shareholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	UnitedHealth Group Inc. net earnings attributable to UnitedHealth Group common shareholders increased from 2021 to 2022 and from 2022 to 2023.

UnitedHealth Group Inc. (NYSE:UNH)

Income Statement