United Healthcare 2011 Annual Report Download - page 31

29
ITEM 6. SELECTED FINANCIAL DATA
FINANCIAL HIGHLIGHTS
(In millions, except percentages and per share data)
Consolidated operating results
Revenues............................................................................
Earnings from operations ..................................................
Net earnings.......................................................................
Return on shareholders' equity (a).....................................
Basic net earnings per common share ...............................
Diluted net earnings per common share............................
Common stock dividends per share...................................
Consolidated cash flows from (used for)
Operating activities............................................................
Investing activities.............................................................
Financing activities............................................................
Consolidated financial condition
(As of December 31)
Cash and investments ........................................................
Total assets.........................................................................
Total commercial paper and long-term debt......................
Shareholder's equity ..........................................................
Debt to debt-plus-equity ratio............................................
For the Year Ended December 31,
2011
$101,862
8,464
5,142
18.9%
$ 4.81
4.73
0.6125
$ 6,968
(4,172)
(2,490)
$ 28,172
67,889
11,638
28,292
29.1%
2010
$ 94,155
7,864
4,634
18.7%
$ 4.14
4.10
0.4050
$ 6,273
(5,339)
(1,611)
$ 25,902
63,063
11,142
25,825
30.1%
2009
$ 87,138
6,359
3,822
17.3%
$ 3.27
3.24
0.0300
$ 5,625
(976)
(2,275)
$ 24,350
59,045
11,173
23,606
32.1%
2008
$ 81,186
5,263
2,977
14.9%
$ 2.45
2.40
0.0300
$ 4,238
(5,072)
(605)
$ 21,575
55,815
12,794
20,780
38.1%
2007
$ 75,431
7,849
4,654
22.4%
$ 3.55
3.42
0.0300
$ 5,877
(4,147)
(3,185)
$ 22,286
50,899
11,009
20,063
35.4%
(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.
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
The following discussion should be read together with the accompanying Consolidated Financial Statements and Notes to the
Consolidated Financial Statements thereto. Readers are cautioned that the statements, estimates, projections or outlook
contained in this report, including discussions regarding financial prospects, economic conditions, trends and uncertainties
contained in this Item 7, may constitute forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995, or PSLRA. These forward-looking statements involve risks and uncertainties that may cause our actual
results to differ materially from the results discussed in the forward-looking statements. A description of some of the risks and
uncertainties can be found in Item 1A, “Risk Factors.”
EXECUTIVE OVERVIEW
General
UnitedHealth Group is a diversified health and well-being company, whose mission is to help people live healthier lives and
help make health care work better. Through our diversified family of businesses, we leverage core competencies in advanced,
enabling technology; health care data, information and intelligence; and care management and coordination to help meet the
demands of the health system. These core competencies are deployed within our two distinct, but strategically aligned, business
platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.