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UnitedHealth Group Incorporated (UNH)
NYSE: UNH · Real-Time Price · USD
406.88
+5.45 (1.36%)
At close: Oct 19, 2026, 4:00 PM EDT
407.20
+0.32 (0.08%)
After-hours: Oct 19, 2026, 7:59 PM EDT

UnitedHealth Group Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
4,1105,4846,280102,3483,4066,2925,5436,0554,216-1,4095,4555,8415,4745,6114,7615,2625,0705,0274,071
Depreciation & Amortization
1,0731,0401,029-5831,0991,0841,061-3591,0411,020997-2261,0071,021970-18828802788-129
Other Amortization
---1,700---1,400---1,200---1,000---900
Gain (Loss) on Sale of Assets
766172-784834115-3,354201,2257,086-489--------
Stock-Based Compensation
219276348176223197375187237222372208247242362250171205299209
Change in Accounts Receivable
-1,4815,025-3,544-8291,7462,781-4,462-2,1223,1563,691-6,162-540-2,7714,503-4,306401,641317-4,521-153
Change in Accounts Payable
-1,152971,0552,08263127-6071,2131,214267-2311,146823-2491,796548609218589-9
Change in Unearned Revenue
422-44220107338-272-10-16373-5639-12,01846635311,402-10,07510,641-5187821
Change in Insurance Reserves / Liabilities
420-716296-3541,8071,3782,9932681,458-1,2922,069-3551,429-592,467-1391631803,849-1,224
Change in Other Net Operating Assets
1,3071012,919-1,501-962-1,599-544-1,1521,133-2,194-1,927-86-357-126-1,875-633-98446-1,089404
Other Operating Activities
1291264371,084-80045343761-742154340512217-127-100-267-668151299-872
Operating Cash Flow
5,12311,0528,9121,1085,9457,1885,4562,36913,9456,7461,144-5,1936,90211,03216,327-4,53318,5496,8715,3193,218
Operating Cash Flow Growth (YoY)
-13.83%53.76%63.34%-53.23%-57.37%6.55%376.92%-102.04%-38.85%-92.99%--62.79%60.56%206.96%-144.71%24.02%-11.42%-47.26%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-859-799-763-948-890-886-898-912-991-853-743-959-838-829-760-866-724-657-555-695
Sale of Property, Plant & Equipment
-1,091101,081561-88212,041---685---3,414---15
Cash Acquisitions
-1,440-98--73-3,702-32-702-1,734-8,643-25-3,006-1,747-228-335-7,826-14,304-4-5,919-1,231-94
Investment in Securities
-1,735-399-2,352-1,2963301101,217-1,3272,073-7134921,073-1,276745-2,319-2,770-701-1,734-1,6321,859
Other Investing Activities
-854178211,823-546-66-241,186129-494-919-239-297-309-115-843582-277-255-369
Investing Cash Flow
-4,573-1,798-2,447-2,611-4,558-1,442-74-1,119-5,651-7,417-6,340-1,187-2,639-728-11,020-15,369-847-8,587-3,673716

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Short-Term Debt Issued
--1,100---3,911---6,189---7,349---3,148-
Long-Term Debt Issued
----------5,925---6,401-----
Total Debt Issued
--1,1001,100-6621,469-9423,911-3,2712,42612,114-1,568-1,847-3,93013,7509,629-1,3404,1143,148-1
Total Debt Repaid
1,738-3,313-1,500-1,050-597-1,403--460-941-1,000-750---750-1,375-899-1,016--1,100-1,251
Net Debt Issued (Repaid)
1,738-4,413-400-1,712872-2,3453,911-4602,3301,42611,364-1,568-1,847-4,68012,3758,730-2,3564,1142,048-1,252
Issuance of Common Stock
-12823124222221360235867258486314411284344169328205551278
Repurchases of Common Stock
-3,744-1,646----2,545-3,000-4,972-956--3,072-1,500-1,500-3,000-2,000-1,000-1,000-2,500-2,500-1,050
Common Dividends Paid
-2,078-2,087-2,005-2,002-2,002-2,000-1,912-1,932-1,937-1,935-1,729-1,738-1,739-1,747-1,537-1,541-1,542-1,545-1,363-1,365
Other Financing Activities
666-605-8182,659-1,857-1,278740-1,213-2,509-9451,182-2,664-2,429-1,3164,008-1,9661,1546723,568-238
Financing Cash Flow
-3,418-8,623-2,992-1,031-2,765-7,94799-8,342-2,205-1,1968,231-7,156-7,104-10,45913,1904,392-3,4169462,304-3,627

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-84-715-41415-31144-4848-57555130-53-100157-17
Miscellaneous Cash Flow Adjustments
136-51170-326-466-913511-265----------
Net Cash Flow
-2,7405843,636-2,845-1,386-2,1215,405-7,0886,114-2,1282,987-13,488-2,898-10018,548-15,48014,233-8704,107290

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
4,26410,2538,1491605,0556,3024,5581,45712,9545,893401-6,1526,06410,20315,567-5,39917,8256,2144,7642,523
Free Cash Flow Growth (YoY)
-15.65%62.69%78.79%-89.02%-60.98%6.94%1036.66%-113.62%-42.24%-97.42%--65.98%64.19%226.76%-156.44%24.83%-12.38%-54.35%
Free Cash Flow Margin
3.78%9.15%7.29%0.14%4.47%5.65%4.16%1.44%12.85%5.96%0.40%-6.51%6.57%10.98%16.93%-6.52%22.04%7.74%5.94%3.42%
Free Cash Flow Per Share
4.7311.328.960.185.576.924.961.5713.936.350.43-6.586.4810.8516.51-5.7018.806.544.992.64
Levered Free Cash Flow
4,4649,8318,5983,1132,2314,8384,7745,50611,658-2,301-2,735-9,4802,2658,53119,051-8,87618,7025,6097,9482,483
Unlevered Free Cash Flow
5,06610,4329,1953,7222,8585,4805,3976,13312,330-1,685-2,207-8,9612,7869,04919,522-8,45319,0255,9018,2192,752

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
---4,030---3,594---3,035---1,945---1,653
Cash Income Tax Paid
---3,714---4,620---6,078---5,222---3,966
Change in Working Capital
-4844,065746-4952,9922,415-2,630-1,8097,334-91-6,242-11,853-4104,4229,484-10,25912,956643-1,094-961
SEC Filings: 10-K · 10-Q