United Healthcare 2003 Annual Report Download - page 69

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UnitedHealth Group 67
Financial Performance At A Glance
GROWTH & PROFITS — CONSOLIDATED
(in millions, except per share data) 2003 2002 2001
Revenues
$28,823
$25,020 $23,454
Earnings From Operations
$2,935
$2,186 $1,566
Operating Margin
10.2%
8.7% 6.7%
Return on Net Assets
43.7%
37.5% 30.7%
Net Earnings
$1,825
$1,352 $913
Net Margin
6.3%
5.4% 3.9%
Diluted Net Earnings per Common Share
$2.96
$2.13 $1.40
GROWTH & PROFITS — BY SEGMENT
(in millions) 2003 2002 2001
HEALTH CARE SERVICES
Revenues
$24,807
$21,552 $20,403
Earnings From Operations
$1,865
$1,328 $936
Operating Margin
7.5%
6.2% 4.6%
Return on Net Assets
40.5%
35.5% 29.0%
UNIPRISE
Revenues
$3,107
$2,725 $2,474
Earnings From Operations
$610
$517 $382
Operating Margin
19.6%
19.0% 15.4%
Return on Net Assets
55.2%
48.7% 38.0%
SPECIALIZED CARE SERVICES
Revenues
$1,878
$1,509 $1,254
Earnings From Operations
$385
$286 $214
Operating Margin
20.5%
19.0% 17.1%
Return on Net Assets
59.1%
50.7% 59.1%
INGENIX
Revenues
$574
$491 $447
Earnings From Operations
$75
$55 $48
Operating Margin
13.1%
11.2% 10.7%
Return on Net Assets
9.7%
7.6% 7.5%
CAPITAL ITEMS
(in millions, except per share data) 2003 2002 2001
Cash Flows From Operating Activities
$3,003
$2,423 $1,844
Capital Expenditures
$352
$419 $425
Consideration Paid or Issued for Acquisitions
$590
$869 $255
Debt-to-Total-Capital Ratio
27.8%
28.5% 28.9%
Return on Shareholders’ Equity
39.0%
33.0% 24.5%
Year-End Market Capitalization
$33,896
$25,005 $21,841
Year-End Common Share Price
$58.18
$41.75 $35.39