UnitedHealth Group Inc. (UNH)

Statement of Cash Flows

Difficulty: Beginner

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flaws link the ending cash balance to the beginning balance shown on the company’s statement of financial position.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

UnitedHealth Group Inc., Consolidated Statement of Cash Flows

USD $ in millions

	12 months ended	Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Net earnings
	Depreciation and amortization
	Deferred income taxes
	Share-based compensation
	Other, net
	Noncash items
	Accounts receivable
	Other assets
	Medical costs payable
	Accounts payable and other liabilities
	Unearned revenues
	Net change in other operating items, net of effects from acquisitions and changes in AARP balances
	Cash flows from operating activities
	Purchases of investments
	Sales of investments
	Maturities of investments
	Cash paid for acquisitions, net of cash assumed
	Purchases of property, equipment and capitalized software
	Other, net
	Cash flows used for investing activities
	Common stock repurchases
	Cash dividends paid
	Proceeds from common stock issuances
	Repayments of long-term debt
	Proceeds from (repayments of) commercial paper, net
	Proceeds from issuance of long-term debt
	Customer funds administered
	Other, net
	Cash flows from (used for) financing activities
	Effect of exchange rate changes on cash and cash equivalents
	Increase (decrease) in cash and cash equivalents
	Cash and cash equivalents, beginning of period
	Cash and cash equivalents, end of period

Based on: 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), 10-K (filing date: 2015-02-10).

Item	Description	The company
Cash flows from operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	UnitedHealth Group Inc.’s cash flows from operating activities increased from 2016 to 2017 and from 2017 to 2018.
Cash flows used for investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	UnitedHealth Group Inc.’s cash flows used for investing activities increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Cash flows from (used for) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	UnitedHealth Group Inc.’s cash flows from (used for) financing activities declined from 2016 to 2017 and from 2017 to 2018.

	UnitedHealth Group Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality