United Healthcare 2010 Annual Report Download - page 38

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ITEM 6. SELECTED FINANCIAL DATA
FINANCIAL HIGHLIGHTS
For the Year Ended December 31,
(in millions, except percentages and per share data) 2010 2009 2008 2007 2006
Consolidated operating results
Revenues ........................................ $94,155 $87,138 $81,186 $75,431 $71,542
Earnings from operations ............................ 7,864 6,359 5,263 7,849 6,984
Net earnings ...................................... 4,634 3,822 2,977 4,654 4,159
Return on shareholders’ equity (a) ..................... 18.7% 17.3% 14.9% 22.4% 22.2%
Basic net earnings per common share .................. $ 4.14 $ 3.27 $ 2.45 $ 3.55 $ 3.09
Diluted net earnings per common share ................. 4.10 3.24 2.40 3.42 2.97
Common stock dividends per share .................... 0.405 0.030 0.030 0.030 0.030
Consolidated cash flows from (used for)
Operating activities ................................ $ 6,273 $ 5,625 $ 4,238 $ 5,877 $ 6,526
Investing activities ................................. (5,339) (976) (5,072) (4,147) (2,101)
Financing activities ................................ (1,611) (2,275) (605) (3,185) 474
Consolidated financial condition
(As of December 31) ...............................
Cash and investments ............................... $25,902 $24,350 $21,575 $22,286 $20,582
Total assets ....................................... 63,063 59,045 55,815 50,899 48,320
Total commercial paper and long-term debt ............. 11,142 11,173 12,794 11,009 7,456
Shareholders’ equity ................................ 25,825 23,606 20,780 20,063 20,810
Debt-to-total-capital ratio ............................ 30.1% 32.1% 38.1% 35.4% 26.4%
(a) Return on equity is calculated as net earnings divided by average equity. Average equity is calculated using
the equity balance at the end of the preceding year and the equity balances at the end of the four quarters of
the year presented.
Financial Highlights should be read with the accompanying Management’s Discussion and Analysis of Financial
Condition and Results of Operations and Consolidated Financial Statements and Notes to the Consolidated
Financial Statements.
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