United Healthcare 2001 Annual Report Download - page 42

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PAGE 41 UnitedHealth Group
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Year Ended December 31,
(in millions) 2 0 0 1 2000 1999
OPERATIN G ACTIVITIES
Net Earnings $ 913 $736 $568
Noncash Items
Depreciation and Amortization 265 247 233
Deferred Income Taxes and Other 40 73 35
Net Change in Other Operating Items, net of effects
from acquisitions, sales of subsidiaries and changes
in AARP balances
Accounts Receivable and Other Current Assets 726 84
Medical Costs Payable 156 288 165
Accounts Payable and Accrued Liabilities 280 75 68
Other Policy Liabilities 131 87 (8)
Unearned Premiums 52 (11) 44
CASH FLOWS FROM OPERATI NG ACTIVITIES
1,844 1,521 1,189
INVESTIN G ACTIVITIES
Cash Paid for Acquisitions, net of cash assumed and other effects (92) (76) (334)
Purchases of Property, Equipment and Capitalized Software (425) (245) (196)
Purchases of Investments (2,088) (3,022) (2,208)
Maturities and Sales of Investments 1,467 2,375 2,115
CASH FLOWS USED FOR INVESTING ACTIVITIES
(1,138) (968) (623)
FINANCING ACTIVITIES
Proceeds from Common Stock Issuances 178 228 102
Proceeds from (Payments of) Commercial Paper, net 275 (182) 532
Proceeds from Issuance of Long-Term Debt 250 400 150
Payments for Retirement of Long-Term Debt (150) – (400)
Common Stock Repurchases (1,129) (1,180) (983)
Dividends Paid (9) (5) (6)
CASH FLOWS USED FOR FI NANCING ACTIVITIES
(585) (739) (605)
INCREASE (DECREASE) IN CASH AN D CASH EQUI VALENTS
121 (186) (39)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
1,419 1,605 1,644
CASH AND CASH EQUIVALENTS, END OF PERIOD
$ 1,540 $1,419 $1,605
SUPPLEMENTAL SCHEDU LE OF NONCASH INVESTING ACTIVITI ES
Common Stock Issued for Acquisitions $ 163 $– $–
See notes to consolidated financial statements.