Stock Analysis on Net

UnitedHealth Group Inc. (NYSE:UNH)

Common-Size Income Statement
Quarterly Data

UnitedHealth Group Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Premiums 79.30 79.46 79.56 77.79 78.54 79.93 79.06 78.76 79.15 78.59 79.32 77.37 79.42 79.77 80.31 78.01 78.99 79.49 80.28 77.74 78.40 78.66 78.50
Products 12.12 11.92 11.96 13.36 13.55 13.35 13.16 12.61 12.60 13.92 13.48 14.72 13.07 12.57 12.21 13.83 13.31 12.88 12.64 14.72 14.52 14.28 14.42
Services 8.58 8.62 8.49 8.84 7.91 6.73 7.78 8.63 8.25 7.49 7.21 7.91 7.51 7.66 7.48 8.17 7.70 7.62 7.08 7.54 7.08 7.06 7.08
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Medical costs -65.85 -65.78 -64.38 -64.72 -64.29 -56.12 -64.01 -64.95 -65.19 -65.29 -65.00 -63.63 -64.37 -65.36 -65.34 -64.15 -64.31 -65.36 -66.14 -62.82 -62.99 -64.53 -64.11
Cost of products sold -10.86 -10.82 -10.86 -11.72 -12.25 -12.14 -12.00 -10.77 -11.07 -12.66 -12.32 -13.13 -11.96 -11.61 -11.27 -12.52 -12.12 -11.83 -11.70 -13.34 -13.29 -13.19 -13.25
Cost of revenues -76.71% -76.60% -75.24% -76.44% -76.54% -68.25% -76.01% -75.72% -76.26% -77.95% -77.33% -76.76% -76.33% -76.97% -76.60% -76.67% -76.42% -77.19% -77.84% -76.16% -76.28% -77.72% -77.37%
Gross profit 23.29% 23.40% 24.76% 23.56% 23.46% 31.75% 23.99% 24.28% 23.74% 22.05% 22.67% 23.24% 23.67% 23.03% 23.40% 23.33% 23.58% 22.81% 22.16% 23.84% 23.72% 22.28% 22.63%
Investment and other income 0.70 0.79 0.65 0.68 0.54 0.55 0.57 0.72 0.78 0.97 0.68 0.59 0.68 0.64 0.54 0.58 0.49 0.51 0.46 0.55 0.41 0.42 0.41
Operating costs -14.93 -14.64 -14.66 -17.71 -15.71 -16.18 -15.63 -15.38 -14.96 -14.02 -14.22 -14.99 -15.09 -15.05 -15.50 -15.11 -14.75 -14.72 -14.48 -16.54 -15.26 -14.67 -15.24
Depreciation and amortization -1.11 -1.10 -1.09 -1.13 -1.11 -1.16 -1.13 -1.19 -1.18 -1.09 -1.07 -1.10 -1.09 -1.07 -1.06 -1.12 -1.15 -1.12 -1.10 -1.11 -1.12 -1.10 -1.13
Earnings from operations 7.95% 8.45% 9.66% 5.41% 7.18% 14.95% 7.80% 8.43% 8.37% 7.90% 8.07% 7.74% 8.17% 7.54% 7.38% 7.68% 8.16% 7.49% 7.04% 6.74% 7.77% 6.92% 6.68%
Interest expense -0.59 -0.58 -0.57 -0.62 -0.61 -0.70 -0.68 -0.72 -0.75 -0.70 -0.67 -0.64 -0.63 -0.62 -0.60 -0.60 -0.59 -0.60 -0.58 -0.57 -0.58 -0.59 -0.58
Earnings before income taxes 7.36% 7.87% 9.09% 4.79% 6.57% 14.26% 7.12% 7.70% 7.62% 7.21% 7.40% 7.10% 7.54% 6.93% 6.78% 7.09% 7.58% 6.89% 6.45% 6.17% 7.18% 6.33% 6.09%
Provision for income taxes -1.53 -1.69 -1.96 -1.17 -1.54 -3.42 -1.71 -1.64 -1.56 -1.57 -1.46 -1.65 -1.70 -1.53 -1.46 0.10 -2.46 -2.17 -1.94 -2.56 -2.89 -2.53 -2.42
Net earnings 5.83% 6.18% 7.14% 3.62% 5.03% 10.84% 5.41% 6.07% 6.06% 5.64% 5.94% 5.45% 5.85% 5.40% 5.33% 7.19% 5.11% 4.72% 4.52% 3.61% 4.29% 3.80% 3.67%
Earnings attributable to noncontrolling interests -0.15 -0.15 -0.17 -0.22 -0.13 -0.10 -0.13 -0.21 -0.15 -0.15 -0.15 -0.21 -0.17 -0.16 -0.16 -0.20 -0.15 -0.13 -0.04 -0.05 -0.02 -0.01 -0.04
Net earnings attributable to UnitedHealth Group common shareholders 5.69% 6.03% 6.97% 3.40% 4.90% 10.74% 5.28% 5.86% 5.91% 5.49% 5.79% 5.23% 5.68% 5.24% 5.17% 6.99% 4.96% 4.59% 4.48% 3.56% 4.27% 3.79% 3.63%

Based on: 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).

Income statement item Description The company
Earnings from operations The net result for the period of deducting operating expenses from operating revenues. UnitedHealth Group Inc. earnings from operations as a percentage of revenues decreased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
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 as a percentage of revenues decreased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
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 as a percentage of revenues decreased from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.