UnitedHealth Group Cash Flow Statement
UNH / Health Care|15 years of annual SEC 10-K data (FY2011-FY2025)
Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.
UnitedHealth Group generated $19.7B in operating cash flow and $16.1B in free cash flow in FY2025. Free cash flow margin was 3.6% of revenue.
Based on SEC 10-K filings.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $12.1B | $14.4B | $22.4B | $15.4B | $13.8B | $12.0B | $10.6B | $7.0B | $5.8B | $5.6B | $5.8B | $5.6B | $5.1B | $4.6B | $3.8B |
| Depreciation & Amortization | $4.4B | $4.1B | $4.0B | $2.9B | $2.7B | $2.4B | $2.2B | $2.1B | $1.7B | $1.5B | $1.7B | $1.5B | $1.1B | $1.1B | $991.0M |
| Operating Cash Flow | $19.7B | $24.2B | $29.1B | $22.2B | $18.5B | $15.7B | $13.6B | $9.8B | $9.7B | $8.1B | $9.7B | $8.1B | $7.0B | $6.3B | $5.6B |
| Capital Expenditures | $3.6B | $3.5B | $3.4B | $2.1B | $2.1B | $2.1B | $2.0B | $1.7B | $1.6B | $1.5B | $1.6B | $1.5B | $1.1B | $878.0M | $739.0M |
| Free Cash Flow | $16.1B | $20.7B | $25.7B | $20.1B | $16.4B | $13.7B | $11.6B | $8.1B | $8.2B | $6.5B | $8.2B | $6.5B | $5.9B | $5.4B | $4.9B |
| Share Buybacks | $5.5B | $9.0B | $8.0B | $4.3B | $5.5B | $4.5B | $1.5B | $1.3B | $1.2B | $4.0B | $1.2B | $4.0B | $3.0B | $2.5B | $1.8B |
| Dividends Paid | $1.9B | $7.5B | $6.8B | $4.6B | $3.9B | $3.3B | $2.8B | $2.3B | $1.8B | $1.4B | $1.8B | $1.4B | $651.0M | $449.0M | $36.0M |
| FCF Margin | 3.6% | 5.2% | 6.9% | 7.8% | 6.8% | 6.0% | 5.8% | 4.4% | 5.2% | 5.0% | 5.2% | 5.0% | 5.8% | 5.7% | 5.6% |