UnitedHealth Group (UNH) FY2021 results: revenue $287.6 billion, up 11.8% on the year
UnitedHealth Group Inc. (UNH) reported revenue of $287.6 billion for fiscal 2021, the year ended 31 December 2021, up 11.8% on the year before. Net income was $17.3 billion, up 12.2%, and diluted earnings per share $18.08. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$287.6 billion
+11.8% on the year
FY2014FY2021
Operating margin
8.3%
8.7% a year earlier
FY2014FY2021
Net income
$17.3 billion
+12.2% on the year
FY2014FY2021
Diluted EPS
$18.08
+12.8% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
22,343
22,174
18,463
+0.8%
Capital expenditure
2,454
2,051
2,071
+19.6%
Free cash flow
19,889
20,123
16,392
-1.2%
Free cash flow margin
6.9%
7.8%
6.8%
Cash from investing
-10,372
-12,532
-12,699
Cash from financing
-7,455
-3,590
-5,625
Depreciation and amortisation
3,103
2,891
2,720
+7.3%
Share-based compensation
800
679
697
+17.8%
Buybacks
5,000
4,250
5,500
+17.6%
Dividends paid
5,280
4,584
3,932
+15.2%
Dividend per share
$5.60
$4.83
$4.14
+15.9%
Diluted shares, weighted
956m
961m
966m
-0.5%
Shares outstanding at period end
941m
946m
948m
-0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
75,045
68,328
60,436
+9.8%
Redeemable equity
1,434
2,211
1,726
-35.1%
Debt
46,003
43,467
40,678
+5.8%
Other liabilities
89,724
83,283
71,049
+7.7%
Total liabilities and equity
212,206
197,289
173,889
+7.6%
Fixed assets
8,969
8,626
8,704
+4.0%
Goodwill
75,795
71,337
65,659
+6.2%
Intangible assets
10,044
10,856
10,349
-7.5%
Investments
45,646
44,102
40,469
+3.5%
Cash and equivalents
21,375
16,921
10,985
+26.3%
Receivables
14,216
12,870
11,822
+10.5%
Inventory
2,900
n/a
n/a
Other assets
33,261
32,577
25,901
+2.1%
Total assets
212,206
197,289
173,889
+7.6%
10-K for the year ended 31 December 2021, filed 15 February 2022: the filing.