United Healthcare 2013 Annual Report Download - page 102

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14. Quarterly Financial Data (Unaudited)
Selected quarterly financial information for all quarters of 2013 and 2012 is as follows:
For the Quarter Ended
(in millions, except per share data) March 31 June 30 September 30 December 31
2013
Revenues ............................................ $30,340 $30,408 $30,624 $31,117
Operating costs ....................................... 28,201 28,007 27,993 28,665
Earnings from operations ............................... 2,139 2,401 2,631 2,452
Net earnings ......................................... 1,240 1,436 1,570 1,427
Net earnings attributable to UnitedHealth Group common
shareholders ....................................... 1,192 1,436 1,570 1,427
Net earnings per share attributable to UnitedHealth Group
common shareholders:
Basic ............................................... 1.17 1.42 1.56 1.43
Diluted ............................................. 1.16 1.40 1.53 1.41
2012
Revenues ............................................ $27,282 $27,265 $27,302 $28,769
Operating costs ....................................... 24,965 25,039 24,692 26,668
Earnings from operations ............................... 2,317 2,226 2,610 2,101
Net earnings ......................................... 1,388 1,337 1,557 1,244
Net earnings per share attributable to UnitedHealth Group
common shareholders:
Basic ............................................... 1.34 1.30 1.52 1.22
Diluted ............................................. 1.31 1.27 1.50 1.20
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
We maintain disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
Exchange Act of 1934 (Exchange Act) that are designed to provide reasonable assurance that information
required to be disclosed by us in reports that we file or submit under the Exchange Act is (i) recorded, processed,
summarized and reported within the time periods specified in SEC rules and forms; and (ii) accumulated and
communicated to our management, including our principal executive officer and principal financial officer, as
appropriate to allow timely decisions regarding required disclosure.
In connection with the filing of this Annual Report on Form 10-K, management evaluated, under the supervision
and with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of the
design and operation of our disclosure controls and procedures as of December 31, 2013. Based upon that
evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and
procedures were effective at the reasonable assurance level as of December 31, 2013.
CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING
There have been no changes in our internal control over financial reporting during the quarter ended
December 31, 2013 that have materially affected, or are reasonably likely to materially affect, our internal
control over financial reporting.
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