Stock Analysis on Net
Stock Analysis on Net
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UnitedHealth Group Inc. (NYSE:UNH)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

UnitedHealth Group Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Medical costs payable 21,690  19,891  17,871  16,391  14,330 
Accounts payable and accrued liabilities 19,005  16,705  15,180  13,361  11,994 
Commercial paper and current maturities of long-term debt 3,870  1,973  2,857  7,193  6,634 
Unearned revenues 2,622  2,396  2,269  1,968  2,142 
Other current liabilities 14,595  12,244  12,286  10,339  7,798 
Current liabilities 61,782  53,209  50,463  49,252  42,898 
Long-term debt, less current maturities 36,808  34,581  28,835  25,777  25,460 
Deferred income taxes 2,993  2,474  2,182  2,761  3,587 
Other liabilities 10,144  5,730  5,556  4,831  3,977 
Noncurrent liabilities 49,945  42,785  36,573  33,369  33,024 
Total liabilities 111,727  95,994  87,036  82,621  75,922 
Redeemable noncontrolling interests 1,726  1,908  2,189  2,012  1,736 
Preferred stock, $0.001 par value; no shares issued or outstanding —  —  —  —  — 
Common stock, $0.01 par value 10  10  10  10 
Additional paid-in capital —  1,703  —  29 
Retained earnings 61,178  55,846  48,730  40,945  37,125 
Accumulated other comprehensive loss (3,578) (4,160) (2,667) (2,681) (3,334)
Shareholders’ equity attributable to UnitedHealth Group 57,616  51,696  47,776  38,274  33,830 
Nonredeemable noncontrolling interests 2,820  2,623  2,057  (97) (105)
Total equity 60,436  54,319  49,833  38,177  33,725 
Total liabilities, redeemable noncontrolling interests and equity 173,889  152,221  139,058  122,810  111,383 

Based on: 10-K (filing date: 2020-02-14), 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. UnitedHealth Group Inc.’s current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. UnitedHealth Group Inc.’s noncurrent liabilities increased from 2017 to 2018 and from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. UnitedHealth Group Inc.’s total liabilities increased from 2017 to 2018 and from 2018 to 2019.
Shareholders’ equity attributable to UnitedHealth Group Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. UnitedHealth Group Inc.’s shareholders’ equity attributable to UnitedHealth Group increased from 2017 to 2018 and from 2018 to 2019.