United Healthcare 2006 Annual Report Download - page 69

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UnitedHealth Group
Consolidated Statements of Cash Flows
For the Year Ended December 31,
(in millions) 2006 2005 2004
(As Restated) (As Restated)
Operating Activities
Net Earnings ............................................. $ 4,159 $ 3,083 $ 2,411
Noncash Items ............................................
Depreciation and Amortization ........................... 670 453 374
Deferred Income Taxes and Other ........................ (267) (171) (232)
Stock-Based Compensation .............................. 404 306 244
Net Change in Other Operating Items, net of effects from
acquisitions, and changes in AARP balances:
Accounts Receivable and Other Current Assets .............. (411) (86) 30
Medical Costs Payable ................................. 597 196 282
Accounts Payable and Other Accrued Liabilities ............. 1,284 602 692
Unearned Premiums ................................... 90 (300) 122
Cash Flows From Operating Activities ................... 6,526 4,083 3,923
Investing Activities
Cash Paid for Acquisitions, net of cash assumed and other effects . . . (670) (2,562) (2,225)
Cash Transferred on Sale of Business .......................... — (363) —
Purchases of Property, Equipment and Capitalized Software ........ (728) (509) (356)
Proceeds from Disposal of Property, Equipment and Capitalized
Software ............................................... 52 — 6
Purchases of Investments ................................... (4,851) (5,876) (3,190)
Maturities and Sales of Investments ........................... 4,096 5,821 4,121
Cash Flows Used For Investing Activities ................. (2,101) (3,489) (1,644)
Financing Activities
(Payments of) Proceeds from Commercial Paper, net ............. (2,332) 2,556 194
Proceeds from Issuance of Long-Term Debt ..................... 3,000 500 2,000
Payments for Retirement of Long-Term Debt ................... — (400) (150)
Repayments of Convertible Subordinated Debentures ............. (91) — —
Common Stock Repurchases ................................. (2,345) (2,557) (3,446)
Proceeds from Common Stock Issuances ....................... 397 423 583
Stock-Based Compensation Excess Tax Benefits ................. 241 243 224
Customer Funds Administered ............................... 1,705 102 71
Dividends Paid ............................................ (41) (19) (18)
Other ................................................... (60) (12) (8)
Cash Flows From (Used For) Financing Activities ......... 474 836 (550)
Increase in Cash and Cash Equivalents .......................... 4,899 1,430 1,729
Cash and Cash Equivalents, Beginning of Period .................. 5,421 3,991 2,262
Cash and Cash Equivalents, End of Period ....................... $10,320 $ 5,421 $ 3,991
Supplemental Schedule of Noncash Investing and Financing Activities
Common Stock Issued for Acquisitions ........................ $ — $5,696 $ 5,557
Common Stock Issued for Convertible Subordinated Debentures
Redemption ............................................ $ 282 $ — $ —
Promissory Note Issued for Acquisition ........................ $ 95 $ — $ —
Supplemental Cash Flow Disclosures
Cash paid for interest ....................................... $ 409 $ 219 $ 100
Cash paid for income taxes .................................. $ 1,729 $ 1,377 $ 898
See Notes to Consolidated Financial Statements.
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