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.

UnitedHealth Group Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	27,210)	28,596)	30,717)	25,312)	32,400)	26,286)	28,414)	25,427)	38,915)	41,813)	41,913)	23,365)	38,845)	24,612)	25,482)	21,375)	21,085)	19,832)	19,955)	16,921)	17,550)	22,327)	21,569)
Short-term investments	3,404)	3,424)	3,574)	3,801)	4,734)	5,037)	4,296)	4,201)	5,182)	4,466)	4,584)	4,546)	3,682)	3,352)	2,914)	2,532)	2,786)	2,729)	2,962)	2,860)	3,259)	3,266)	2,876)
Accounts receivable, net	22,672)	24,142)	26,936)	22,365)	20,024)	23,115)	27,197)	21,276)	20,673)	17,952)	22,414)	17,681)	17,047)	18,718)	18,871)	14,216)	14,152)	14,587)	15,980)	12,870)	12,171)	12,546)	14,613)
Other current receivables, net	32,762)	28,582)	26,022)	26,089)	27,461)	26,762)	19,284)	17,694)	17,752)	16,131)	14,696)	12,769)	13,684)	12,439)	11,994)	13,866)	14,080)	12,630)	11,546)	12,534)	13,231)	11,430)	10,275)
Assets under management	—)	—)	—)	—)	—)	3,414)	3,619)	3,755)	3,616)	3,623)	3,837)	4,087)	4,022)	4,017)	4,155)	4,449)	4,304)	4,198)	4,094)	4,076)	3,788)	3,417)	2,866)
Prepaid expenses and other current assets	9,019)	8,955)	9,036)	8,212)	7,639)	7,424)	6,132)	6,084)	5,767)	5,884)	6,451)	6,621)	5,657)	5,218)	5,613)	5,320)	5,203)	4,940)	4,971)	4,457)	4,822)	5,932)	6,608)
Current assets	95,067)	93,699)	96,285)	85,779)	92,258)	92,038)	88,942)	78,437)	91,905)	89,869)	93,895)	69,069)	82,937)	68,356)	69,029)	61,758)	61,610)	58,916)	59,508)	53,718)	54,821)	58,918)	58,807)
Long-term investments	52,996)	52,466)	51,863)	52,354)	48,689)	46,113)	45,928)	47,609)	45,474)	45,988)	46,884)	43,728)	41,557)	42,427)	42,353)	43,114)	44,777)	44,061)	42,406)	41,242)	39,184)	36,778)	36,578)
Property, equipment and capitalized software, net	11,104)	10,923)	10,734)	10,553)	10,139)	9,801)	10,429)	11,450)	11,070)	10,926)	10,637)	10,128)	9,469)	9,421)	9,183)	8,969)	8,730)	8,735)	8,496)	8,626)	8,151)	8,126)	8,173)
Goodwill	110,340)	107,677)	107,566)	106,734)	105,978)	105,436)	105,664)	103,732)	101,703)	101,669)	100,406)	93,352)	83,904)	84,159)	77,548)	75,795)	75,435)	75,827)	72,162)	71,337)	68,088)	67,872)	65,302)
Other intangible assets, net	22,785)	22,510)	22,947)	23,268)	23,594)	14,729)	15,543)	15,194)	15,200)	15,643)	16,165)	14,401)	10,785)	11,285)	9,918)	10,044)	10,436)	10,806)	10,842)	10,856)	10,373)	10,552)	10,199)
Other assets	22,977)	21,298)	20,395)	19,590)	18,651)	17,939)	17,704)	17,298)	16,711)	16,069)	15,692)	15,027)	14,412)	14,524)	13,207)	12,526)	12,057)	11,947)	11,757)	11,510)	10,352)	10,237)	10,008)
Noncurrent assets	220,202)	214,874)	213,505)	212,499)	207,051)	194,018)	195,268)	195,283)	190,158)	190,295)	189,784)	176,636)	160,127)	161,816)	152,209)	150,448)	151,435)	151,376)	145,663)	143,571)	136,148)	133,565)	130,260)
Total assets	315,269)	308,573)	309,790)	298,278)	299,309)	286,056)	284,210)	273,720)	282,063)	280,164)	283,679)	245,705)	243,064)	230,172)	221,238)	212,206)	213,045)	210,292)	205,171)	197,289)	190,969)	192,483)	189,067)

The financial data over the multiple quarterly periods reveals distinct trends across various asset categories, reflecting the company’s evolving financial positioning.

Liquidity and Short-term Assets: Cash and cash equivalents exhibit notable volatility, with a marked increase from early 2022 reaching a peak in Q1 2023 at over US$41 billion before declining again in subsequent quarters. Short-term investments show a generally stable to moderately increasing trend, peaking in late 2023 around US$5.2 billion, suggesting strategic liquidity management.; Accounts receivable, net, generally increases over time with some fluctuations, rising substantially from approximately US$14.6 billion in early 2020 to a peak exceeding US$27 billion in mid-2024, indicating expansion in revenue or sales on credit. Other current receivables, net also grow significantly, almost tripling from just over US$10 billion in early 2020 to in excess of US$32 billion by late 2025, reflecting potentially broader receivable components or enhanced business scale.; Prepaid expenses and other current assets experience increases with some cyclical movements, trending upward from about US$6.6 billion to over US$9 billion by late 2025, indicative of rising operational prepayments or deferred charges.; Collectively, current assets rise substantially over the period, with a notable surge during 2022 through early 2023, moving from roughly US$59 billion to a high near US$94 billion then stabilizing slightly lower, signalling overall strengthening liquidity positions though with some variability.
Long-term Investments and Fixed Assets: Long-term investments generally increase from US$36.6 billion to over US$52 billion across the timeline, showing steady capital allocation towards longer-term financial instruments or holdings.; Property, equipment, and capitalized software assets show moderate growth, advancing from around US$8.2 billion to approximately US$11.1 billion, reflecting ongoing investment in physical and technological infrastructure.
Intangible and Other Assets: Goodwill consistently grows from about US$65 billion to over US$110 billion, indicative of acquisitions or revaluations contributing to higher intangible asset balances over time.; Other intangible assets, net, fluctuate moderately with a broad plateau around US$10 billion to US$16 billion early on, followed by a significant leap in 2023 to a peak above US$23 billion before stabilizing slightly lower, suggesting material intangible asset additions or reassessments.; Other assets demonstrate a steady upward trend, increasing progressively from approximately US$10 billion to nearly US$23 billion, reflecting expanding miscellaneous noncurrent asset categories.
Overall Asset Base: Noncurrent assets show a consistent upward progression, rising from about US$130 billion early in the period to exceed US$220 billion by the end, underscoring growth in long-term holdings and investments.; Total assets mirror this growth trajectory, increasing from roughly US$189 billion to surpass US$315 billion by the latest quarter, indicating overall balance sheet expansion driven by increases across both current and noncurrent asset classes.

In summary, the company’s asset profile over the analyzed quarters reveals substantial growth in both current and long-term asset categories, accompanied by heightened goodwill and intangible assets which likely result from acquisitive and strategic investment activities. Liquidity exhibits cyclical variation but overall increases, while credit-related receivables escalate markedly, suggesting expanded business volume. These patterns collectively denote an enlarging asset base and increasing operational scale with strategic investment to sustain growth.

Assets: Selected Items

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Current Assets: Selected Items

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UnitedHealth Group Inc. (NYSE:UNH)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data