On April 19, UnitedHealth Group
- Sales grew by 8.3%, reflecting an 8% rise in both the health care and Uniprise segments, while the specialized care and Ingenix segments grew by 13% and 26%, respectively.
- The company repurchased 16.5 million shares during the quarter, representing 1.2% of its 1.35 billion shares outstanding as of Dec. 31, 2006.
- UnitedHealth expects fiscal 2007 EPS in the range of $3.34 to $3.38.
- UnitedHealth is an Inside Value selection. The stock is up 13% since its selection last September.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$19,047 |
$17,581 |
8.3% |
|
Net Profit |
$927 |
$891 |
4% |
|
EPS |
$0.66 |
$0.63 |
4.8% |
|
Diluted Shares |
1,399 |
1,419 |
(1.4%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
23.3% |
23.7% |
(0.4) |
|
Operating Margin |
8.3% |
8.4% |
(0.1) |
|
Net Margin |
4.9% |
5.1% |
(0.2) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$12,855 |
$8,366 |
53.7% |
|
Accounts Rec. |
$1,311 |
$1,316 |
(0.4%) |
|
Inventory |
No Data |
No Data |
No Data |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
No Data |
No Data |
No Data |
|
Long-Term Debt |
$5,473 |
$6,426 |
(14.8%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$2,588 |
$2,890 |
(10.4%) |
|
Capital Expenditures |
$224 |
$171 |
31% |
|
Free Cash Flow |
$2,364 |
$2,719 |
(13.1%) |
Free cash flow is a Fool's best friend.
Related Foolishness:
- UnitedHealth's Healthy Quarter
- 2006 in Review: UnitedHealth Group
- Foolish Forecast: Checking UnitedHealth's Vitals
UnitedHealth is a recommendation of both Inside Value and Stock Advisor. You can take either -- or both! -- of these newsletters for a free 30-day trial.
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