Stock Analysis on Net

UnitedHealth Group Inc. (NYSE:UNH)

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

UnitedHealth Group Inc., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net earnings 15,242 23,144 20,639 17,732 15,769
Depreciation and amortization 4,099 3,972 3,400 3,103 2,891
Deferred income taxes (296) (245) (673) 130 (8)
Share-based compensation 1,018 1,059 925 800 679
Loss on sale of subsidiary and subsidiaries held for sale 8,310
Gains on dispositions and other strategic transactions (3,333) (489) (588)
Other, net (28) (16) 257 (944) (52)
Noncash items 9,770 4,281 3,321 3,089 3,510
Accounts receivable (1,437) (3,114) (2,523) (1,000) (688)
Other assets (4,140) (2,444) (1,374) (1,031) (2,195)
Medical costs payable 2,503 3,482 4,053 2,701 152
Accounts payable and other liabilities 2,463 3,516 1,964 1,162 5,348
Unearned revenues (197) 203 126 (310) 278
Net change in other operating items, net of effects from acquisitions and dispositions (808) 1,643 2,246 1,522 2,895
Cash flows from operating activities 24,204 29,068 26,206 22,343 22,174
Purchases of investments (27,308) (18,314) (18,825) (17,139) (16,577)
Sales of investments 18,514 7,307 5,907 7,045 6,489
Maturities of investments 9,319 9,230 6,081 8,251 7,252
Cash paid for acquisitions and other transactions, net of cash assumed (13,408) (10,136) (21,458) (4,821) (7,139)
Purchases of property, equipment and capitalized software (3,499) (3,386) (2,802) (2,454) (2,051)
Loans to care providers, cyberattack (9,033)
Repayments of care provider loans, cyberattack 4,514
Cash received from dispositions and other strategic transactions, net 2,041 685 3,414 15 221
Other, net (1,667) (960) (793) (1,269) (727)
Cash flows used for investing activities (20,527) (15,574) (28,476) (10,372) (12,532)
Common share repurchases (9,000) (8,000) (7,000) (5,000) (4,250)
Cash dividends paid (7,533) (6,761) (5,991) (5,280) (4,584)
Proceeds from common stock issuances 1,846 1,353 1,253 1,355 1,440
Repayments of long-term debt (3,000) (2,125) (3,015) (3,150) (3,150)
Proceeds from (repayments of) short-term borrowings, net (151) 11 732 (1,302) 872
Proceeds from issuance of long-term debt 17,811 6,394 14,819 6,933 4,864
Customer funds administered (1,560) (521) 5,548 622 1,677
Purchases of redeemable noncontrolling interests (280) (730) (176) (1,338)
Other, net (1,645) (1,150) (1,944) (295) (459)
Cash flows from (used for) financing activities (3,512) (11,529) 4,226 (7,455) (3,590)
Effect of exchange rate changes on cash and cash equivalents (61) 97 34 (62) (116)
Increase (decrease) in cash and cash equivalents, including cash within businesses held for sale 104 2,062 1,990 4,454 5,936
Cash within businesses held for sale (219)
Net increase (decrease) in cash and cash equivalents (115) 2,062 1,990 4,454 5,936
Cash and cash equivalents, beginning of period 25,427 23,365 21,375 16,921 10,985
Cash and cash equivalents, end of period 25,312 25,427 23,365 21,375 16,921

Based on: 10-K (reporting date: 2024-12-31), 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).

Cash flow statement item Description The company
Cash flows from operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. UnitedHealth Group Inc. cash flows from operating activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Cash flows used for investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. UnitedHealth Group Inc. cash flows used for investing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Cash flows from (used for) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. UnitedHealth Group Inc. cash flows from (used for) financing activities decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.