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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 101B | 2% |
| Gross Profit | -57.2B | 0.6% |
| Cost of Revenue | 158B | 1% |
| Operating expense | 14.3B | 1% |
| Net Income | 6.06B | 43.6% |
| EBITDA | 9.53B | 27.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 299B | 4.6% |
| Total Liabilities | 195B | 4.3% |
| Total Equity | 104B | 5.3% |
| Shares Outstanding | 923M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 13.9B | 106.7% |
| Cash from investing | -5.65B | 23.8% |
| Cash from financing | -2.21B | 84.4% |
EPS
Financial Highlights for UnitedHealth in Q3 '24
UnitedHealth reported a revenue of 101B, which is a 2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -57.2B, marking a 0.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 158B, a 1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 14.3B, showing a 1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 6.06B, showing a 43.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 9.53B, showing a 27.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for UnitedHealth with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
