UnitedHealth Group Incorporated (UNH)
NYSE: UNH · Real-Time Price · USD
324.21
+2.65 (0.82%)
At close: Nov 7, 2025, 4:00 PM EST
325.20
+0.99 (0.31%)
After-hours: Nov 7, 2025, 7:59 PM EST
UnitedHealth Group Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | +20 Quarters |
Net Income | 2,348 | 3,406 | 6,292 | 5,543 | 6,055 | 4,216 | -1,409 | 5,455 | 5,841 | 5,474 | 5,611 | 4,761 | 5,262 | 5,070 | 5,027 | 4,071 | 4,086 | 4,266 | 4,862 | 2,212 | Upgrade |
Depreciation & Amortization | 1,099 | 1,084 | 1,061 | -359 | 1,041 | 1,020 | 997 | -226 | 1,007 | 1,021 | 970 | -18 | 828 | 802 | 788 | -129 | 796 | 778 | 758 | -82 | Upgrade |
Other Amortization | - | - | - | 1,400 | - | - | - | 1,200 | - | - | - | 1,000 | - | - | - | 900 | - | - | - | 814 | Upgrade |
Gain (Loss) on Sale of Assets | 83 | 41 | 15 | -3,354 | 20 | 1,225 | 7,086 | -489 | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Stock-Based Compensation | 223 | 197 | 375 | 187 | 237 | 222 | 372 | 208 | 247 | 242 | 362 | 250 | 171 | 205 | 299 | 209 | 165 | 170 | 256 | 152 | Upgrade |
Change in Accounts Receivable | 1,746 | 2,781 | -4,462 | -2,122 | 3,156 | 3,691 | -6,162 | -540 | -2,771 | 4,503 | -4,306 | 40 | 1,641 | 317 | -4,521 | -153 | 371 | 1,677 | -2,895 | -494 | Upgrade |
Change in Accounts Payable | 63 | 127 | -607 | 1,213 | 1,214 | 267 | -231 | 1,146 | 823 | -249 | 1,796 | 548 | 609 | 218 | 589 | -9 | 873 | -572 | 870 | 1,907 | Upgrade |
Change in Unearned Revenue | 338 | -272 | -10 | -16 | 373 | -563 | 9 | -12,018 | 466 | 353 | 11,402 | -10,075 | 10,641 | -518 | 78 | 21 | 192 | -262 | -261 | 410 | Upgrade |
Change in Insurance Reserves / Liabilities | 1,807 | 1,378 | 2,993 | 268 | 1,458 | -1,292 | 2,069 | -355 | 1,429 | -59 | 2,467 | -139 | 163 | 180 | 3,849 | -1,224 | 839 | 118 | 2,968 | 767 | Upgrade |
Change in Other Net Operating Assets | -962 | -1,599 | -544 | -1,152 | 1,133 | -2,194 | -1,927 | -86 | -357 | -126 | -1,875 | -633 | -98 | 446 | -1,089 | 404 | 88 | -568 | -955 | 502 | Upgrade |
Other Operating Activities | -800 | 45 | 343 | 761 | -742 | 154 | 340 | 512 | 217 | -127 | -100 | -267 | -668 | 151 | 299 | -872 | 170 | -67 | 402 | -87 | Upgrade |
Operating Cash Flow | 5,945 | 7,188 | 5,456 | 2,369 | 13,945 | 6,746 | 1,144 | -5,193 | 6,902 | 11,032 | 16,327 | -4,533 | 18,549 | 6,871 | 5,319 | 3,218 | 7,580 | 5,540 | 6,005 | 6,101 | Upgrade |
Operating Cash Flow Growth | -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% | 142.41% | -44.62% | 104.04% | -1.68% | Upgrade |
Capital Expenditures | -890 | -886 | -898 | -912 | -991 | -853 | -743 | -959 | -838 | -829 | -760 | -866 | -724 | -657 | -555 | -695 | -629 | -562 | -568 | -574 | Upgrade |
Sale of Property, Plant & Equipment | - | - | - | 2,041 | - | - | - | 685 | - | - | - | 3,414 | - | - | - | 15 | - | - | - | - | Upgrade |
Cash Acquisitions | -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 | -85 | -3,449 | -1,193 | -2,813 | Upgrade |
Investment in Securities | 330 | 110 | 1,217 | -1,327 | 2,073 | -713 | 492 | 1,073 | -1,276 | 745 | -2,319 | -2,770 | -701 | -1,734 | -1,632 | 1,859 | -913 | -1,075 | -1,714 | -1,450 | Upgrade |
Other Investing Activities | -546 | -1,036 | -582 | -383 | 129 | -494 | -919 | -239 | -297 | -309 | -115 | -843 | 582 | -277 | -255 | -369 | -252 | -416 | -232 | -341 | Upgrade |
Investing Cash Flow | -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 | -3,673 | 716 | -1,879 | -5,502 | -3,707 | -5,178 | Upgrade |
Short-Term Debt Issued | - | - | 3,911 | - | - | - | 6,189 | - | - | - | 7,349 | - | - | - | 3,148 | - | - | - | 4,057 | - | Upgrade |
Long-Term Debt Issued | - | - | - | - | - | - | 5,925 | - | - | - | 6,401 | - | - | - | - | - | - | - | - | - | Upgrade |
Total Debt Issued | 1,469 | -942 | 3,911 | - | 3,271 | 2,426 | 12,114 | -1,568 | -1,847 | -3,930 | 13,750 | 9,629 | -1,340 | 4,114 | 3,148 | -1 | - | 2,877 | 4,057 | 872 | Upgrade |
Total Debt Repaid | -597 | -1,403 | - | -460 | -941 | -1,000 | -750 | - | - | -750 | -1,375 | -899 | -1,016 | - | -1,100 | -1,251 | -1,125 | -926 | -1,150 | -1,227 | Upgrade |
Net Debt Issued (Repaid) | 872 | -2,345 | 3,911 | -460 | 2,330 | 1,426 | 11,364 | -1,568 | -1,847 | -4,680 | 12,375 | 8,730 | -2,356 | 4,114 | 2,048 | -1,252 | -1,125 | 1,951 | 2,907 | -355 | Upgrade |
Issuance of Common Stock | 222 | 221 | 360 | 235 | 867 | 258 | 486 | 314 | 411 | 284 | 344 | 169 | 328 | 205 | 551 | 278 | 313 | 328 | 436 | 234 | Upgrade |
Repurchases of Common Stock | - | -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 | -1,050 | -1,250 | -1,650 | -1,709 | Upgrade |
Common Dividends Paid | -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 | -1,367 | -1,367 | -1,181 | -1,184 | Upgrade |
Other Financing Activities | -1,857 | -1,278 | 740 | -1,213 | -2,509 | -945 | 1,182 | -2,664 | -2,429 | -1,316 | 4,008 | -1,966 | 1,154 | 672 | 3,568 | -238 | -1,168 | 120 | 275 | 1,418 | Upgrade |
Financing Cash Flow | -2,765 | -7,947 | 99 | -8,342 | -2,205 | -1,196 | 8,231 | -7,156 | -7,104 | -10,459 | 13,190 | 4,392 | -3,416 | 946 | 2,304 | -3,627 | -4,397 | -218 | 787 | -1,596 | Upgrade |
Foreign Exchange Rate Adjustments | -4 | 14 | 15 | -31 | 14 | 4 | -48 | 48 | -57 | 55 | 51 | 30 | -53 | -100 | 157 | -17 | -51 | 57 | -51 | 44 | Upgrade |
Miscellaneous Cash Flow Adjustments | -4 | 66 | -91 | 35 | 11 | -265 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | Upgrade |
Net Cash Flow | -1,386 | -2,121 | 5,405 | -7,088 | 6,114 | -2,128 | 2,987 | -13,488 | -2,898 | -100 | 18,548 | -15,480 | 14,233 | -870 | 4,107 | 290 | 1,253 | -123 | 3,034 | -629 | Upgrade |
Free Cash Flow | 5,055 | 6,302 | 4,558 | 1,457 | 12,954 | 5,893 | 401 | -6,152 | 6,064 | 10,203 | 15,567 | -5,399 | 17,825 | 6,214 | 4,764 | 2,523 | 6,951 | 4,978 | 5,437 | 5,527 | Upgrade |
Free Cash Flow Growth | -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% | 170.47% | -47.88% | 119.77% | -0.50% | Upgrade |
Free Cash Flow Margin | 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% | 9.61% | 6.98% | 7.75% | 8.44% | Upgrade |
Free Cash Flow Per Share | 5.57 | 6.92 | 4.96 | 1.57 | 13.93 | 6.35 | 0.43 | -6.58 | 6.48 | 10.85 | 16.51 | -5.70 | 18.80 | 6.54 | 4.99 | 2.64 | 7.28 | 5.21 | 5.68 | 5.75 | Upgrade |
Cash Interest Paid | - | - | - | 3,594 | - | - | - | 3,035 | - | - | - | 1,945 | - | - | - | 1,653 | - | - | - | 1,704 | Upgrade |
Cash Income Tax Paid | - | - | - | 4,620 | - | - | - | 6,078 | - | - | - | 5,222 | - | - | - | 3,966 | - | - | - | 4,935 | Upgrade |
Levered Free Cash Flow | 2,231 | 4,838 | 5,788 | 4,492 | 11,658 | -2,301 | -2,735 | -9,480 | 2,265 | 8,531 | 19,051 | -8,876 | 18,702 | 5,609 | 7,948 | 2,483 | 5,404 | 5,155 | 5,874 | 7,923 | Upgrade |
Unlevered Free Cash Flow | 2,858 | 5,480 | 6,411 | 5,119 | 12,330 | -1,685 | -2,207 | -8,961 | 2,786 | 9,049 | 19,522 | -8,453 | 19,025 | 5,901 | 8,219 | 2,752 | 5,668 | 5,411 | 6,122 | 8,173 | Upgrade |
Change in Working Capital | 2,992 | 2,415 | -2,630 | -1,809 | 7,334 | -91 | -6,242 | -11,853 | -410 | 4,422 | 9,484 | -10,259 | 12,956 | 643 | -1,094 | -961 | 2,363 | 393 | -273 | 3,092 | Upgrade |
Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.