UnitedHealth Group Incorporated (UNH) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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UnitedHealth Group Incorporated cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $15,242,000,000.00Loss on sale of subsidiary and subsidiaries held for sale → Operating adjustments reconciliation: $8,310,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $4,099,000,000.00Medical costs payable → Operating adjustments reconciliation: $2,503,000,000.00Accounts payable and other liabilities → Operating adjustments reconciliation: $2,463,000,000.00Share-based compensation → Operating adjustments reconciliation: $1,018,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $8,962,000,000.00Operating adjustments reconciliation → Other assets: $4,140,000,000.00Operating adjustments reconciliation → Gains on dispositions and other strategic transactions: $3,333,000,000.00Operating adjustments reconciliation → Accounts receivable: $1,437,000,000.00Operating adjustments reconciliation → Deferred income taxes: $296,000,000.00Operating adjustments reconciliation → Unearned revenues: $197,000,000.00Operating adjustments reconciliation → Other, net: $28,000,000.00Sales of investments → investing reconciliation: $18,514,000,000.00Maturities of investments → investing reconciliation: $9,319,000,000.00Repayments of care provider loans - cyberattack → investing reconciliation: $4,514,000,000.00Cash received from dispositions and other strategic transactions, net → investing reconciliation: $2,041,000,000.00investing reconciliation → Purchases of investments: $27,308,000,000.00investing reconciliation → Cash paid for acquisitions and other transactions, net of cash assumed: $13,408,000,000.00investing reconciliation → Loans to care providers - cyberattack: $9,033,000,000.00investing reconciliation → Purchases of property, equipment and capitalized software: $3,499,000,000.00investing reconciliation → Other, net: $1,667,000,000.00Net cash used in financing activities → financing reconciliation: $3,512,000,000.00Proceeds from issuance of long-term debt → financing reconciliation: $17,811,000,000.00Proceeds from common stock issuances → financing reconciliation: $1,846,000,000.00financing reconciliation → Common share repurchases: $9,000,000,000.00financing reconciliation → Cash dividends paid: $7,533,000,000.00financing reconciliation → Repayments of long-term debt: $3,000,000,000.00financing reconciliation → Other, net: $1,645,000,000.00financing reconciliation → Customer funds administered: $1,560,000,000.00financing reconciliation → Purchases of redeemable noncontrolling interests: $280,000,000.00financing reconciliation → (Repayments of) proceeds from short-term borrowings, net: $151,000,000.00Net cash used in investing activities → investing reconciliation: $20,527,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $25,427,000,000.00Net cash from operating activities → Cash sources and uses: $24,204,000,000.00Cash sources and uses → Exchange-rate effect: $61,000,000.00Cash sources and uses → Less: cash within businesses held for sale: $219,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $25,312,000,000.00Cash sources and uses → Net cash used in investing activities: $20,527,000,000.00Cash sources and uses → Net cash used in financing activities: $3,512,000,000.00Net earnings: $15,242,000,000.00Net earnings+$15.24 BDepreciation and amortization: $4,099,000,000.00Depreciation & amortization+$4.10 BDeferred income taxes: -$296,000,000.00Deferred income taxes−$296.00 MShare-based compensation: $1,018,000,000.00Stock-based compensation+$1.02 BLoss on sale of subsidiary and subsidiaries held for sale: $8,310,000,000.00Subsidiary sale gain & loss+$8.31 BGains on dispositions and other strategic transactions: -$3,333,000,000.00Business sale gain & loss−$3.33 BOther, net: -$28,000,000.00Other non-cash items−$28.00 MAccounts receivable: -$1,437,000,000.00Accounts receivable−$1.44 BOther assets: -$4,140,000,000.00Other operating assets−$4.14 BMedical costs payable: $2,503,000,000.00Health insurance liabilities+$2.50 BAccounts payable and other liabilities: $2,463,000,000.00Payables & accrued liabilities+$2.46 BUnearned revenues: -$197,000,000.00Unearned revenue−$197.00 MNet cash from operating activities: $24,204,000,000.00Operating cash+$24.20 BOperating adjustments reconciliation: $18,393,000,000.00Common share repurchases: -$9,000,000,000.00Common stock repurchases−$9.00 BCash dividends paid: -$7,533,000,000.00Common dividends paid−$7.53 BProceeds from common stock issuances: $1,846,000,000.00Common stock issued+$1.85 BRepayments of long-term debt: -$3,000,000,000.00Long-term debt repaid−$3.00 B(Repayments of) proceeds from short-term borrowings, net: -$151,000,000.00Commercial paper, net−$151.00 MProceeds from issuance of long-term debt: $17,811,000,000.00Long-term debt issued+$17.81 BCustomer funds administered: -$1,560,000,000.00Deposits, net−$1.56 BPurchases of redeemable noncontrolling interests: -$280,000,000.00Redeemable minority buybacks−$280.00 MOther, net: -$1,645,000,000.00Other financing, net−$1.65 BNet cash used in financing activities: -$3,512,000,000.00. Cash required to fund net payments.Financing cash−$3.51 Bfinancing reconciliation: $23,169,000,000.00Purchases of investments: -$27,308,000,000.00Investment purchases−$27.31 BSales of investments: $18,514,000,000.00AFS securities sales+$18.51 BMaturities of investments: $9,319,000,000.00AFS securities maturities+$9.32 BCash paid for acquisitions and other transactions, net of cash assumed: -$13,408,000,000.00Acquisitions, net of cash−$13.41 BPurchases of property, equipment and capitalized software: -$3,499,000,000.00PP&E purchases−$3.50 BLoans to care providers - cyberattack: -$9,033,000,000.00Loans to care providers - cyberattack−$9.03 BRepayments of care provider loans - cyberattack: $4,514,000,000.00Cyberattack care loans repaid+$4.51 BCash received from dispositions and other strategic transactions, net: $2,041,000,000.00Business sales+$2.04 BOther, net: -$1,667,000,000.00Other investing, net−$1.67 BNet cash used in investing activities: -$20,527,000,000.00. Cash required to fund net payments.Investing cash−$20.53 Binvesting reconciliation: $54,915,000,000.00Cash sources and uses: $49,631,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $25,427,000,000.00Beginning cash$25.43 BEnding cash: Cash, cash equivalents, and restricted cash: $25,312,000,000.00Ending cash$25.31 BExchange-rate effect: -$61,000,000.00FX effect−$61.00 MLess: cash within businesses held for sale: -$219,000,000.00Less: cash withinbusinesses held for sale−$219.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$20.71 BOperating cash − cash spent on PP&ECash flow / Net income1.59×Operating cash flow ÷ net incomeNet cash change−$115.00 MEnding cash − beginning cash
Chart details

UnitedHealth Group Incorporated cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
25,427,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
24,204,000,000 US dollars. Net cash provided.
Net earnings
15,242,000,000 US dollars
Depreciation and amortization
4,099,000,000 US dollars
Deferred income taxes
negative 296,000,000 US dollars
Share-based compensation
1,018,000,000 US dollars
Loss on sale of subsidiary and subsidiaries held for sale
8,310,000,000 US dollars
Gains on dispositions and other strategic transactions
negative 3,333,000,000 US dollars
Other, net
negative 28,000,000 US dollars
Accounts receivable
negative 1,437,000,000 US dollars
Other assets
negative 4,140,000,000 US dollars
Medical costs payable
2,503,000,000 US dollars
Accounts payable and other liabilities
2,463,000,000 US dollars
Unearned revenues
negative 197,000,000 US dollars
Investing activities
negative 20,527,000,000 US dollars. Net cash used.
Purchases of investments
negative 27,308,000,000 US dollars
Sales of investments
18,514,000,000 US dollars
Maturities of investments
9,319,000,000 US dollars
Cash paid for acquisitions and other transactions, net of cash assumed
negative 13,408,000,000 US dollars
Purchases of property, equipment and capitalized software
negative 3,499,000,000 US dollars
Loans to care providers - cyberattack
negative 9,033,000,000 US dollars
Repayments of care provider loans - cyberattack
4,514,000,000 US dollars
Cash received from dispositions and other strategic transactions, net
2,041,000,000 US dollars
Other, net
negative 1,667,000,000 US dollars
Financing activities
negative 3,512,000,000 US dollars. Net cash used.
Common share repurchases
negative 9,000,000,000 US dollars
Cash dividends paid
negative 7,533,000,000 US dollars
Proceeds from common stock issuances
1,846,000,000 US dollars
Repayments of long-term debt
negative 3,000,000,000 US dollars
(Repayments of) proceeds from short-term borrowings, net
negative 151,000,000 US dollars
Proceeds from issuance of long-term debt
17,811,000,000 US dollars
Customer funds administered
negative 1,560,000,000 US dollars
Purchases of redeemable noncontrolling interests
negative 280,000,000 US dollars
Other, net
negative 1,645,000,000 US dollars
Operating adjustment reconciliation
18,393,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
23,169,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
54,915,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 61,000,000 US dollars
Less: cash within businesses held for sale
negative 219,000,000 US dollars. Out of cash; drawn as the small gray flow above ending cash.
Ending cash on Dec 31, 2024
25,312,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
49,631,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 115,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.59×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
24,204,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
3,499,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
20,705,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $8.96B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 24,204,000,000 US dollars minus 3,499,000,000 US dollars equals 20,705,000,000 US dollars.
UnitedHealth Group Incorporated (UNH) FY2024 Annual Statement of Cash Flows Sankey chart
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