UnitedHealth Group Cash Flow Statement
NYSE: UNHHealth CareMedical SpecialitiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 380.71 +0.37%
UnitedHealth Group free cash flow
In fiscal 2025, UnitedHealth Group generated $19.70 billion of operating cash flow and spent $3.62 billion on capital expenditures. That left free cash flow of $16.07 billion, a free-cash-flow margin of 3.6% of revenue. Free cash flow was down 22.4% from the prior year's $20.70 billion.
UnitedHealth Group returned $13.46 billion to shareholders: $7.92 billion in dividends and $5.54 billion in share repurchases, equal to 84% of free cash flow. Free cash flow covered dividend payments 2.0 times.
Summary generated from market data by MetaCap's automated system. Methodology
UnitedHealth Group cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 12.81B | 15.24B | 23.14B | 20.64B | 17.73B | 15.77B | 14.24B | 12.38B | 10.82B | 7.07B |
| Net Income growth (YoY) | -15.98% | -34.14% | +12.14% | +16.39% | +12.45% | +10.75% | +15.00% | +14.40% | +53.02% | +20.54% |
| Depreciation & Amortization | 4.36B | 4.10B | 3.97B | 3.40B | 3.10B | 2.89B | 2.72B | 2.43B | 2.25B | 2.06B |
| Stock-Based Compensation | 971.00M | 1.02B | 1.06B | 925.00M | 800.00M | 679.00M | 697.00M | 638.00M | 597.00M | 485.00M |
| Change in Working Capital | -3.54B | -3.31B | -1.84B | -1.81B | -1.18B | 2.74B | -538.00M | -1.54B | -605.00M | -1.67B |
| Operating Cash Flow | 19.70B | 24.20B | 29.07B | 26.21B | 22.34B | 22.17B | 18.46B | 15.71B | 13.60B | 9.79B |
| Capital Expenditures | -3.62B | -3.50B | -3.39B | -2.80B | -2.45B | -2.05B | -2.07B | -2.06B | -2.02B | -1.71B |
| Investing Cash Flow | -8.69B | -20.53B | -15.57B | -28.48B | -10.37B | -12.53B | -12.70B | -12.38B | -8.60B | -9.36B |
| Dividends Paid | -7.92B | -7.53B | -6.76B | -5.99B | -5.28B | -4.58B | -3.93B | -3.32B | -2.77B | -2.26B |
| Share Repurchases | -5.54B | -9.00B | -8.00B | -7.00B | -5.00B | -4.25B | -5.50B | -4.50B | -1.50B | -1.28B |
| Debt Issued | 2.97B | 17.81B | 6.39B | 14.82B | 6.93B | 4.86B | 5.44B | 6.93B | 5.29B | 3.97B |
| Debt Repaid | -3.05B | -3.00B | -2.13B | -3.02B | -3.15B | -3.15B | -1.75B | -2.60B | -4.40B | -2.60B |
| Financing Cash Flow | -11.64B | -3.51B | -11.53B | 4.23B | -7.46B | -3.59B | -5.63B | -4.37B | -3.44B | -1.01B |
| Net Change in Cash | -947.00M | -115.00M | 2.06B | 1.99B | 4.45B | 5.94B | 119.00M | -1.11B | 1.55B | -493.00M |
| Free Cash Flow | 16.07B | 20.70B | 25.68B | 23.40B | 19.89B | 20.12B | 16.39B | 13.65B | 11.57B | 8.09B |
This table shows 10 annual periods of UnitedHealth Group's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow UNH's reporting calendar. What is a cash flow statement?