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UnitedHealth Group Inc. (UNH)


Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

UnitedHealth Group Inc., consolidated balance sheet: assets

US$ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Cash and cash equivalents 10,866  11,981  10,430  10,923  7,495 
Short-term investments 3,458  3,509  2,845  1,988  1,741 
Accounts receivable, net of allowances 11,388  9,568  8,152  6,523  4,252 
Other current receivables, net of allowances 6,862  6,262  7,499  6,801  5,498 
Assets under management 3,032  3,101  3,105  2,998  2,962 
Prepaid expenses and other current assets 3,086  2,663  1,848  2,406  1,608 
Current assets 38,692  37,084  33,879  31,639  23,556 
Long-term investments 32,510  28,341  23,868  18,792  18,827 
Property, equipment and capitalized software, net of accumulated depreciation and amortization 8,458  7,013  5,901  4,861  4,418 
Goodwill 58,910  54,556  47,584  44,453  32,940 
Other intangible assets, net of accumulated amortization 9,325  8,489  8,541  8,391  3,669 
Other assets 4,326  3,575  3,037  3,247  2,972 
Noncurrent assets 113,529  101,974  88,931  79,744  62,826 
Total assets 152,221  139,058  122,810  111,383  86,382 

Based on: 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. UnitedHealth Group Inc.’s current assets increased from 2016 to 2017 and from 2017 to 2018.
Property, equipment and capitalized software, net of accumulated depreciation and amortization Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. UnitedHealth Group Inc.’s property, equipment and capitalized software, net of accumulated depreciation and amortization increased from 2016 to 2017 and from 2017 to 2018.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. UnitedHealth Group Inc.’s noncurrent assets increased from 2016 to 2017 and from 2017 to 2018.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. UnitedHealth Group Inc.’s total assets increased from 2016 to 2017 and from 2017 to 2018.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. UnitedHealth Group Inc.’s cash and cash equivalents increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level.
Short-term investments Amount of investment in marketable security, classified as current. UnitedHealth Group Inc.’s short-term investments increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.
Accounts receivable, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. UnitedHealth Group Inc.’s accounts receivable, net of allowances increased from 2016 to 2017 and from 2017 to 2018.