Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.
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UnitedHealth Group Inc. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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UnitedHealth Group Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Total assets experienced a sustained upward trajectory over the analyzed period, growing from 205,171 million US dollars in March 2021 to 309,727 million US dollars by June 2026. This expansion represents a significant increase in the overall asset base, characterized by growth in both current and noncurrent asset categories, with a notable acceleration in total asset value observed starting in early 2023.
- Liquidity and Current Asset Trends
- Current assets grew from 59,508 million US dollars in March 2021 to 86,860 million US dollars in June 2026, though the growth was marked by periodic fluctuations. Cash and cash equivalents exhibited high volatility, peaking at 41,913 million US dollars in March 2023 before stabilizing in the 24,000 to 30,000 million US dollar range in later periods. A consistent increase is observed in accounts receivable and other current receivables, with the latter growing from 11,546 million US dollars to 24,722 million US dollars, suggesting an expansion in operational volume or a shift in credit terms.
- Intangible Assets and Strategic Growth
- Noncurrent assets showed a strong and steady climb, increasing from 145,663 million US dollars in March 2021 to 222,867 million US dollars in June 2026. A primary driver of this growth was goodwill, which rose from 72,162 million US dollars to 110,645 million US dollars, indicating a strategy focused on inorganic growth through acquisitions. Other intangible assets also saw a significant spike between December 2023 and June 2024, jumping from 15,194 million US dollars to 23,594 million US dollars, further reinforcing the pattern of strategic asset accumulation.
- Investment and Fixed Asset Evolution
- Long-term investments demonstrated a gradual and consistent increase, moving from 42,406 million US dollars in March 2021 to 57,716 million US dollars by June 2026. Property, equipment, and capitalized software followed a similar, albeit slower, growth path, rising from 8,496 million US dollars to 10,762 million US dollars. This suggests a steady commitment to infrastructure and technology upgrades to support the growing scale of operations.
- Asset Composition and Concentration
- The balance sheet shifted toward a heavier concentration of noncurrent assets over time. While current assets increased, the growth in noncurrent assets—specifically goodwill and long-term investments—outpaced them. The proportion of total assets held as goodwill increased substantially, becoming the single largest asset component, which underscores the impact of acquisition-related assets on the total balance sheet structure.