United Healthcare 2009 Annual Report Download - page 108

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Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Condensed Statements of Cash Flows
For the Year Ended December 31,
(in millions) 2009 2008 2007
OPERATING ACTIVITIES
Cash flows from operating activities .......................... $5,065 $ 3,962 $ 4,178
INVESTING ACTIVITIES
Capital contributions to subsidiaries .............................. (90) (7) (1,272)
Cash paid for acquisitions ...................................... (1,045) (4,419) (270)
Cash received from dispositions ................................. — 185 —
Cash flows used for investing activities ........................ (1,135) (4,241) (1,542)
FINANCING ACTIVITIES
(Repayments of) proceeds from commercial paper, net ............... (99) (1,346) 947
Proceeds from issuance of long-term debt .......................... — 2,981 3,582
Payments for retirement of long-term debt ......................... (1,350) (500) (950)
Proceeds from interest rate swap termination ....................... 513 — —
Repayment of note to subsidiary ................................. — — (60)
Proceeds from issuance of note to subsidiary ....................... — 100 —
Common stock repurchases ..................................... (1,801) (2,684) (6,599)
Proceeds from common stock issuances ........................... 282 299 712
Share-based compensation excess tax benefits ...................... 38 62 303
Dividends paid ............................................... (36) (37) (40)
Other ....................................................... (48) (143) (30)
Cash flows used for financing activities ....................... (2,501) (1,268) (2,135)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ...... 1,429 (1,547) 501
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ........ 880 2,427 1,926
CASH AND CASH EQUIVALENTS, END OF PERIOD ............... $2,309 $ 880 $ 2,427
Supplemental cash flow disclosures
Cash paid for interest .......................................... $ 485 $ 547 $ 469
Cash paid for income taxes ..................................... $2,048 $ 1,882 $ 2,277
See Notes to the Condensed Financial Statements of Registrant.
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