UnitedHealth Group (UNH) FY2022 results: revenue $324.2 billion, up 12.7% on the year
UnitedHealth Group Inc. (UNH) reported revenue of $324.2 billion for fiscal 2022, the year ended 31 December 2022, up 12.7% on the year before. Net income was $20.1 billion, up 16.4%, and diluted earnings per share $21.18. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$324.2 billion
+12.7% on the year
FY2015FY2022
Operating margin
8.8%
8.3% a year earlier
FY2015FY2022
Net income
$20.1 billion
+16.4% on the year
FY2015FY2022
Diluted EPS
$21.18
+17.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
26,206
22,343
22,174
+17.3%
Capital expenditure
2,802
2,454
2,051
+14.2%
Free cash flow
23,404
19,889
20,123
+17.7%
Free cash flow margin
7.2%
6.9%
7.8%
Cash from investing
-28,476
-10,372
-12,532
Cash from financing
4,226
-7,455
-3,590
Depreciation and amortisation
3,400
3,103
2,891
+9.6%
Share-based compensation
925
800
679
+15.6%
Buybacks
7,000
5,000
4,250
+40.0%
Dividends paid
5,991
5,280
4,584
+13.5%
Dividend per share
$6.40
$5.60
$4.83
+14.3%
Diluted shares, weighted
950m
956m
961m
-0.6%
Shares outstanding at period end
934m
941m
946m
-0.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
81,450
75,045
68,328
+8.5%
Redeemable equity
4,897
1,434
2,211
+241.5%
Debt
57,623
46,003
43,467
+25.3%
Other liabilities
101,735
89,724
83,283
+13.4%
Total liabilities and equity
245,705
212,206
197,289
+15.8%
Fixed assets
10,128
8,969
8,626
+12.9%
Goodwill
93,352
75,795
71,337
+23.2%
Intangible assets
14,401
10,044
10,856
+43.4%
Investments
48,274
45,646
44,102
+5.8%
Cash and equivalents
23,365
21,375
16,921
+9.3%
Receivables
17,681
14,216
12,870
+24.4%
Inventory
3,500
2,900
n/a
+20.7%
Other assets
35,004
33,261
32,577
+5.2%
Total assets
245,705
212,206
197,289
+15.8%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.