UnitedHealth Group Incorporated (UNH) FY2026 Q1 Statement of Cash Flows
2026-01-01 to 2026-03-31
Statement of Cash Flows
2026-01-01 to 2026-03-31
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Chart details
UnitedHealth Group Incorporated cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026
Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 24,365,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 8,912,000,000 US dollars. Net cash provided.
- Net earnings
- 6,481,000,000 US dollars
- Depreciation and amortization
- 1,029,000,000 US dollars
- Deferred income taxes
- 540,000,000 US dollars
- Share-based compensation
- 348,000,000 US dollars
- Loss on sale of subsidiary and subsidiaries held for sale
- 72,000,000 US dollars
- Other, net
- negative 304,000,000 US dollars
- Accounts receivable
- negative 3,544,000,000 US dollars
- Other assets
- 2,919,000,000 US dollars
- Medical costs payable
- 296,000,000 US dollars
- Accounts payable and other liabilities
- 1,055,000,000 US dollars
- Unearned revenues
- 20,000,000 US dollars
- Investing activities
- negative 2,447,000,000 US dollars. Net cash used.
- Purchases of investments
- negative 6,515,000,000 US dollars
- Sales of investments
- 1,878,000,000 US dollars
- Maturities of investments
- 2,285,000,000 US dollars
- Cash paid for acquisitions and other transactions, net of cash assumed
- 0 US dollars
- Purchases of property, equipment and capitalized software
- negative 763,000,000 US dollars
- Repayments of care provider loans - cyberattack
- 82,000,000 US dollars
- Originations And Purchases Of Loans
- negative 1,215,000,000 US dollars
- Repayments and maturities of loans
- 699,000,000 US dollars
- Cash received from dispositions and other strategic transactions, net
- 1,081,000,000 US dollars
- Other, net
- 21,000,000 US dollars
- Financing activities
- negative 2,992,000,000 US dollars. Net cash used.
- Common share repurchases
- 0 US dollars
- Cash dividends paid
- negative 2,005,000,000 US dollars
- Proceeds from common stock issuances
- 231,000,000 US dollars
- Repayments of long-term debt
- negative 1,500,000,000 US dollars
- Proceeds from short-term borrowings, net
- 1,100,000,000 US dollars
- Customer funds administered
- 600,000,000 US dollars
- Other, net
- negative 1,418,000,000 US dollars
- Operating adjustment reconciliation
- 6,279,000,000 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
- 4,923,000,000 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
- 8,493,000,000 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
- 0 US dollars
- Other changes in cash (calculated)
- 163,000,000 US dollars. Into cash; drawn as the small gray flow above beginning cash.
- Ending cash on Mar 31, 2026
- 28,001,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 33,440,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 3,636,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 1.38×. 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
- 8,912,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 763,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 8,149,000,000 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 $2.43B 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: 8,912,000,000 US dollars minus 763,000,000 US dollars equals 8,149,000,000 US dollars.
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