United Healthcare 2007 Annual Report Download - page 56

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UnitedHealth Group
Consolidated Statements of Cash Flows
For the Year Ended December 31,
(in millions) 2007 2006 2005
Operating Activities
Net Earnings ....................................... $ 4,654 $ 4,159 $ 3,083
Noncash Items .....................................
Depreciation and Amortization .................... 796 670 453
Deferred Income Taxes and Other .................. (127) (267) (171)
Share-Based Compensation ....................... 505 404 306
Net Change in Other Operating Items, net of effects from
acquisitions, and changes in AARP balances:
Accounts Receivable and Other Current Assets ....... (580) (411) (86)
Medical Costs Payable ........................... 149 597 196
Accounts Payable and Other Accrued Liabilities ...... 457 1,284 602
Unearned Premiums ............................. 23 90 (300)
Cash Flows From Operating Activities ............ 5,877 6,526 4,083
Investing Activities
Cash Paid for Acquisitions, net of cash assumed and other
effects .......................................... (262) (670) (2,562)
Cash Transferred on Sale of Business ................... — — (363)
Purchases of Property, Equipment and Capitalized
Software ........................................ (871) (728) (509)
Proceeds from Disposal of Property, Equipment and
Capitalized Software .............................. — 52 —
Purchases of Investments ............................. (6,379) (4,851) (5,876)
Maturities and Sales of Investments .................... 3,365 4,096 5,821
Cash Flows Used For Investing Activities .......... (4,147) (2,101) (3,489)
Financing Activities
Proceeds from (Payments of) Commercial Paper, net ....... 947 (2,332) 2,556
Proceeds from Issuance of Long-Term Debt .............. 3,582 3,000 500
Payments for Retirement of Long-Term Debt ............. (950) — (400)
Repayments of Convertible Subordinated Debentures ...... (10) (91) —
Common Stock Repurchases .......................... (6,599) (2,345) (2,557)
Proceeds from Common Stock Issuances ................ 712 397 423
Share-Based Compensation Excess Tax Benefits .......... 303 241 243
Customer Funds Administered ......................... (1,110) 1,705 102
Dividends Paid ..................................... (40) (41) (19)
Other ............................................. (20) (60) (12)
Cash Flows (Used For) From Financing Activities . . . (3,185) 474 836
(Decrease) Increase in Cash and Cash Equivalents .......... (1,455) 4,899 1,430
Cash and Cash Equivalents, Beginning of Period ............ 10,320 5,421 3,991
Cash and Cash Equivalents, End of Period ................. $ 8,865 $ 10,320 $ 5,421
Supplemental Schedule of Noncash Investing and Financing
Activities
Common Stock Issued for Acquisitions .................. $ — $ — $ 5,696
Common Stock Issued for Convertible Subordinated
Debentures Redemption ............................ $ 24 $ 282 $ —
Promissory Note Issued for Acquisition ................. $ — $ 95 $ —
Supplemental Cash Flow Disclosures
Cash Paid for Interest ................................ $ 553 $ 409 $ 219
Cash Paid for Income Taxes ........................... $ 2,277 $ 1,729 $ 1,377
See Notes to the Consolidated Financial Statements.
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