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UnitedHealth Group (UNH)
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UNH » Topics » Forecasted Operating Results for the Year Ending December 31, 2008

This excerpt taken from the UNH 8-K filed Jul 22, 2008.

Forecasted Operating Results for the Year Ending December 31, 2008

 

GAAP Earnings from Operations

    Approximately $5,750 million

Settlement of two class action lawsuits related to the Company’s historical stock option practices and related legal costs

    922 million

Employee severance related to operating cost reduction initiatives and other items

    46 million

Reduction in operating costs for proceeds from the sale of certain assets and membership in the individual Medicare Advantage business in Nevada

    (185) million
    

Subtotal of Non-GAAP reconciling items

    783 million
    

Earnings from Operations Excluding Special Items

    Approximately $6,500 million
    

GAAP Diluted Net Earnings per Common Share

    $2.55 to $2.65

Settlement of two class action lawsuits related to the Company’s historical stock option practices and related legal costs

    0.47

Employee severance related to operating cost reduction initiatives and other items

    0.02

Reduction in operating costs for proceeds from the sale of certain assets and membership in the individual Medicare Advantage business in Nevada

    (0.09)
    

Diluted Net Earnings per Common Share Excluding Special Items

    $2.95 to $3.05
    

GAAP Operating Margin

    Approximately 7%

Effects of Non-GAAP reconciling items

    Approximately 1%
    

Operating Margin Excluding Special Items

    Approximately 8%
    

GAAP Operating Cost Ratio

    15.5% ± 20 bps

Effects of Non-GAAP reconciling items

    (Approximately 100 bps)
    

Operating Cost Ratio Excluding Special Items

    14.5% ± 20 bps
    

GAAP Cash Flows from Operations

    Approaching $4.4 billion

Payments (net of tax) for Settlement of Options Related Class-Action Litigation (assumes payment of 100% of settlement amounts in 2008)

    Approximately 0.6 billion
    

Cash Flows from Operations, excluding cash payments for litigation settlements

    Approaching $5.0 billion
    

GAAP Income Tax Rate

    35.55 - 35.80%

Effects of Non-GAAP reconciling items

    Approximately 20 bps
    

Income Tax Rate Excluding Special Items

    35.75 - 36.00%
    

Refer to page 10 for further discussion of our use of Non-GAAP financial measures.

 

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UNITEDHEALTH GROUP

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