Stock Analysis on Net

UnitedHealth Group Inc. (NYSE:UNH)

Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

UnitedHealth Group Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Premiums 290,827 257,157 226,233 201,478 189,699
Products 42,583 37,424 34,437 34,145 31,597
Services 34,123 27,551 24,603 20,016 18,973
Revenues, customers 367,533 322,132 285,273 255,639 240,269
Medical costs (241,894) (210,842) (186,911) (159,396) (156,440)
Cost of products sold (38,770) (33,703) (31,034) (30,745) (28,117)
Cost of revenues (280,664) (244,545) (217,945) (190,141) (184,557)
Gross profit 86,869 77,587 67,328 65,498 55,712
Investment and other income 4,089 2,030 2,324 1,502 1,886
Operating costs (54,628) (47,782) (42,579) (41,704) (35,193)
Depreciation and amortization (3,972) (3,400) (3,103) (2,891) (2,720)
Earnings from operations 32,358 28,435 23,970 22,405 19,685
Interest expense (3,246) (2,092) (1,660) (1,663) (1,704)
Earnings before income taxes 29,112 26,343 22,310 20,742 17,981
Provision for income taxes (5,968) (5,704) (4,578) (4,973) (3,742)
Net earnings 23,144 20,639 17,732 15,769 14,239
Earnings attributable to noncontrolling interests (763) (519) (447) (366) (400)
Net earnings attributable to UnitedHealth Group common shareholders 22,381 20,120 17,285 15,403 13,839

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Revenues, customers Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. UnitedHealth Group Inc. revenues, customers increased from 2021 to 2022 and from 2022 to 2023.
Earnings from operations The net result for the period of deducting operating expenses from operating revenues. UnitedHealth Group Inc. earnings from operations increased from 2021 to 2022 and from 2022 to 2023.
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 increased from 2021 to 2022 and from 2022 to 2023.
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 increased from 2021 to 2022 and from 2022 to 2023.