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15. Quarterly Financial Data (Unaudited)
Selected quarterly financial information for all quarters of 2015 and 2014 is as follows:
For the Quarter Ended
(in millions, except per share data) March 31 June 30 September 30 December 31
2015
Revenues ............................................ $35,756 $36,263 $ 41,489 $ 43,599
Operating costs ....................................... 33,116 33,368 38,471 41,131
Earnings from operations ............................... 2,640 2,895 3,018 2,468
Net earnings ......................................... 1,413 1,585 1,618 1,252
Net earnings attributable to UnitedHealth Group common
stockholders ....................................... 1,413 1,585 1,597 1,218
Net earnings per share attributable to UnitedHealth Group
common stockholders:
Basic ............................................... 1.48 1.66 1.68 1.28
Diluted ............................................. 1.46 1.64 1.65 1.26
2014
Revenues ............................................ $31,708 $32,574 $ 32,759 $ 33,433
Operating costs ....................................... 29,654 30,022 29,856 30,668
Earnings from operations ............................... 2,054 2,552 2,903 2,765
Net earnings ......................................... 1,099 1,408 1,602 1,510
Net earnings attributable to UnitedHealth Group common
stockholders ....................................... 1,099 1,408 1,602 1,510
Net earnings per share attributable to UnitedHealth Group
common stockholders:
Basic ............................................... 1.12 1.44 1.65 1.58
Diluted ............................................. 1.10 1.42 1.63 1.55
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
We maintain disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
Exchange Act of 1934 (Exchange Act) that are designed to provide reasonable assurance that information
required to be disclosed by us in reports that we file or submit under the Exchange Act is (i) recorded, processed,
summarized and reported within the time periods specified in SEC rules and forms; and (ii) accumulated and
communicated to our management, including our principal executive officer and principal financial officer, as
appropriate to allow timely decisions regarding required disclosure.
In connection with the filing of this Annual Report on Form 10-K, management evaluated, under the supervision
and with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of the
design and operation of our disclosure controls and procedures as of December 31, 2015. Based upon that
evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and
procedures were effective at the reasonable assurance level as of December 31, 2015.
CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
There have been no changes in our internal control over financial reporting during the quarter ended
December 31, 2015 that have materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.
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