Schedule I (Tables)

12 Months Ended

Dec. 31, 2014

Maturities of commercial paper and long-term debt for the years ending December 31 are as follows:

Condensed Financial Information of Registrant

(Parent Company Only)

UnitedHealth Group

Condensed Balance Sheets



(in millions, except per share data)	December 31, 2014			December 31, 2013
Assets
Current assets:
Cash and cash equivalents	$	559		$	822
Short-term notes receivable from subsidiaries	27			11
Deferred income taxes and other current assets	271			214
Total current assets	857			1,047
Equity in net assets of subsidiaries	44,643			44,301
Long-term notes receivable from subsidiaries	4,635			4,215
Other assets	278			144
Total assets	$	50,413		$	49,707

Liabilities and shareholders’ equity
Current liabilities:
Accounts payable and accrued liabilities	$	332		$	335
Note payable to subsidiary	215			215
Commercial paper and current maturities of long-term debt	1,365			1,935
Total current liabilities	1,912			2,485
Long-term debt, less current maturities	15,891			14,804
Deferred income taxes and other liabilities	156			269
Total liabilities	17,959			17,558
Commitments and contingencies (Note 4)
Shareholders’ equity:
Preferred stock, $0.001 par value -10 shares authorized; no shares issued or outstanding	—			—
Common stock, $0.01 par value - 3,000 shares authorized; 954 and 988 issued and outstanding	10			10
Retained earnings	33,836			33,047
Accumulated other comprehensive loss	(1,392		)	(908		)
Total UnitedHealth Group shareholders’ equity	32,454			32,149
Total liabilities and shareholders’ equity	$	50,413		$	49,707

Condensed Financial Information of Registrant

(Parent Company Only)

UnitedHealth Group

Condensed Statements of Comprehensive Income



	For the Years Ended December 31,
(in millions)	2014			2013			2012
Revenues:
Investment and other income	$	293		$	252		$	28
Total revenues	293			252			28
Operating costs:
Operating costs	1			(9		)	(2		)
Interest expense	554			618			566
Total operating costs	555			609			564
Loss before income taxes	(262		)	(357		)	(536		)
Benefit for income taxes	96			130			192
Loss of parent company	(166		)	(227		)	(344		)
Equity in undistributed income of subsidiaries	5,785			5,852			5,870
Net earnings	5,619			5,625			5,526
Other comprehensive loss	(484		)	(1,346		)	(23		)
Comprehensive income	$	5,135		$	4,279		$	5,503

Condensed Financial Information of Registrant

(Parent Company Only)

UnitedHealth Group

Condensed Statements of Cash Flows



	For the Years Ended December 31,
(in millions)	2014			2013			2012
Operating activities
Cash flows from operating activities	$	7,445		$	5,099		$	6,116
Investing activities
Issuance of notes to subsidiaries	(436		)	(1,517		)	(4,149		)
Repayments of notes receivable from subsidiaries	—			275			—
Cash paid for acquisitions	(1,852		)	(274		)	(3,737		)
Capital contributions to subsidiaries	(704		)	(942		)	(99		)
Other, net	(9		)	—			—
Cash flows used for investing activities	(3,001		)	(2,458		)	(7,985		)
Financing activities
Common stock repurchases	(4,008		)	(3,170		)	(3,084		)
Proceeds from common stock issuances	462			598			1,078
Cash dividends paid	(1,362		)	(1,056		)	(820		)
(Repayments of) proceeds from commercial paper, net	(794		)	(474		)	1,587
Proceeds from issuance of long-term debt	1,997			2,235			3,966
Repayments of long-term debt	(812		)	(943		)	(986		)
Proceeds of note from subsidiary	—			40			30
Other	(190		)	(74		)	(383		)
Cash flows (used for) from financing activities	(4,707		)	(2,844		)	1,388
Decrease in cash and cash equivalents	(263		)	(203		)	(481		)
Cash and cash equivalents, beginning of period	822			1,025			1,506
Cash and cash equivalents, end of period	$	559		$	822		$	1,025

Supplemental cash flow disclosures
Cash paid for interest	$	578		$	618		$	547
Cash paid for income taxes	4,028			2,765			2,666

Maturities of commercial paper and long-term debt for the years ending December 31 are as follows: