UnitedHealth Group Incorporated (UNH)
NYSE: UNH · Real-Time Price · USD
291.46
-2.56 (-0.87%)
Jan 29, 2026, 9:47 AM EST - Market open

UnitedHealth Group Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 20212016 - 2020
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 2016 - 2020
Net Income
12,05614,40522,38120,12017,285
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Depreciation & Amortization
4,3612,6992,7722,4002,203
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Other Amortization
-1,4001,2001,000900
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Gain (Loss) on Sale of Assets
2654,977-489-588-
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Stock-Based Compensation
9711,0181,059925800
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Change in Accounts Receivable
--1,437-3,114-2,523-1,000
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Change in Accounts Payable
-2,4633,5161,9641,162
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Change in Unearned Revenue
--197203126-310
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Change in Insurance Reserves / Liabilities
-2,5033,4824,0532,701
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Change in Other Net Operating Assets
2,282-4,140-2,444-1,374-1,031
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Other Operating Activities
-238513502103-367
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Operating Cash Flow
19,69724,20429,06826,20622,343
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Operating Cash Flow Growth
-18.62%-16.73%10.92%17.29%0.76%
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Capital Expenditures
-3,622-3,499-3,386-2,802-2,454
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Sale of Property, Plant & Equipment
-2,0416853,41415
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Cash Acquisitions
-4,509-13,408-10,136-21,458-4,821
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Investment in Securities
361525-1,777-6,837-1,843
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Other Investing Activities
-2,595-1,667-960-793-1,269
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Investing Cash Flow
-8,685-20,527-15,574-28,476-10,372
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Short-Term Debt Issued
--11732-
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Long-Term Debt Issued
72617,8116,39414,8196,933
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Total Debt Issued
72617,8116,40515,5516,933
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Total Debt Repaid
--3,151-2,125-3,015-4,452
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Net Debt Issued (Repaid)
72614,6604,28012,5362,481
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Issuance of Common Stock
-1,8461,3531,2531,355
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Repurchases of Common Stock
-5,545-9,000-8,000-7,000-5,000
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Common Dividends Paid
-7,916-7,533-6,761-5,991-5,280
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Other Financing Activities
1,091-3,485-2,4013,428-1,011
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Financing Cash Flow
-11,644-3,512-11,5294,226-7,455
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Foreign Exchange Rate Adjustments
40-619734-62
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Miscellaneous Cash Flow Adjustments
-355-219---
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Net Cash Flow
-947-1152,0621,9904,454
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Free Cash Flow
16,07520,70525,68223,40419,889
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Free Cash Flow Growth
-22.36%-19.38%9.73%17.67%-1.16%
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Free Cash Flow Margin
3.59%5.17%6.91%7.22%6.92%
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Free Cash Flow Per Share
17.6422.2927.3824.6420.80
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Cash Interest Paid
-3,5943,0351,9451,653
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Cash Income Tax Paid
-4,6206,0785,2223,966
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Levered Free Cash Flow
18,71411,57420,85523,75919,251
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Unlevered Free Cash Flow
21,21614,01522,88425,06720,288
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Change in Working Capital
2,282-8081,6432,2461,522
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Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.
SEC Filings: 10-K · 10-Q