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

	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	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	3,424)	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	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	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	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	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	52,466)	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	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	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	22,510)	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	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	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	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 analysis of the quarterly financial data indicates several notable trends and shifts in key asset categories over the observed periods.

Cash and Cash Equivalents: The cash and cash equivalents balance exhibits volatility with notable spikes in the quarters ending September 2022 and March 2023. After a relatively stable range between approximately $17 billion and $22 billion through 2020 and 2021, there is a significant increase to nearly $39 billion in September 2022. This elevated level oscillates thereafter, trending downward again by December 2023, followed by a moderate recovery in 2024. These fluctuations suggest changes in cash management or liquidity positions, possibly reflecting operational or investment activities.
Short-Term and Long-Term Investments: Short-term investments remain relatively stable, generally fluctuating between $2.5 billion and $5.2 billion. A minor peak occurs in the late 2022 and early 2023 quarters, before decreasing again toward mid-2025. Long-term investments display a generally increasing trend from approximately $36.5 billion in early 2020 to over $52 billion by mid-2025, indicating a gradual and sustained buildup of longer-duration assets.
Accounts Receivable, Net: There is a clear upward trend in accounts receivable, net, starting from around $12 billion in early 2020 to surpass $27 billion by mid-2024, followed by some fluctuations thereafter. Significant increases in receivables are seen particularly during 2022 and 2023, implying higher revenue generation or extended collection periods impacting working capital.
Other Current Receivables, Net: Other current receivables register a steady increase from roughly $10 billion in early 2020 to over $28 billion by mid-2025. The increase is especially marked from 2023 onwards, reflecting potentially expanded business activities or higher amounts in receivable categories beyond standard customer balances.
Assets Under Management: This category shows a modest growth between 2020 and early 2021, followed by a plateau and gradual decline in later periods. Data becomes incomplete or missing after mid-2024, limiting further trend assessment. The initial growth and subsequent stabilization suggest managed asset quantities reached a relatively steady state with slight contraction in recent terms.
Prepaid Expenses and Other Current Assets: Prepaid expenses and similar current assets trend upward overall, rising from roughly $4.5 billion at the end of 2020 to over $9 billion by mid-2025. This steady growth points to increased advance payments or more extensive short-term resource allocations.
Current and Noncurrent Assets: Current assets demonstrate considerable growth, rising from nearly $54 billion at the end of 2020 to a peak near $96 billion by mid-2025. This upward movement mirrors the trends in cash, receivables, and other liquid assets. Noncurrent assets also grow steadily from approximately $143.5 billion at the end of 2020 to almost $215 billion by mid-2025, driven by increases in investments, property and equipment, goodwill, intangibles, and other assets.
Goodwill and Other Intangible Assets: Goodwill increases consistently over the period, reaching $107 billion by June 2025, indicative of acquisitions or continued goodwill capitalization. Other intangible assets display variability with a notable jump around 2022, reaching over $23 billion. These changes may reflect valuation adjustments or intangible asset growth through acquisitions or internal development.
Property, Equipment, and Capitalized Software: Net property, equipment, and capitalized software assets gradually increase from approximately $8.1 billion in early 2020 to about $11 billion by mid-2025, reflecting ongoing investments in fixed and technology assets.
Total Assets: Total assets display an overall upward trajectory from approximately $190 billion in early 2020 to near $309 billion by mid-2025. This growth results from combined increases in current and noncurrent assets, underscoring strong asset base expansion possibly tied to business growth and investment activities.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

UnitedHealth Group Inc. (NYSE:UNH)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data