UNH » Topics » Quarter and Full Year Ended December 31, 2008
This excerpt taken from the UNH 8-K filed Jan 22, 2009.
Quarter and Full Year Ended
December 31, 2008
Consolidated Statements of Operations
Non-GAAP Operating Results Excluding Special Items
Condensed Consolidated Balance Sheets
Condensed Consolidated Statements of Cash Flows and Non-GAAP Adjusted Cash Flows from Operating Activities and Ratio of Adjusted Cash Flows from Operating
Activities to Adjusted Net Earnings
Segment Financial Information
Medical Care Ratios
Customer Profile Summary
Use of Non-GAAP Financial Measures
Operating results excluding
special items and adjusted cash flows from operating activities as used in the press release are not calculated in accordance with GAAP and should not be considered a substitute for or superior to financial measures calculated in accordance with
GAAP. Management believes that the use of each of these non-GAAP financial measures improves the comparability of our results between periods. These financial measures provide investors and our management with useful information to measure and
forecast our results of operations, to compare on a consistent basis our results of operations for the current period to that of prior periods, and to compare our results of operations on a more consistent basis against that of other companies in
the health care industry.
These non-GAAP financial measures have limitations in that
they do not reflect all of the special items or certain cash payments associated with the operations of our business as determined in accordance with GAAP. As a result, one should not consider these measures in isolation. We compensate for these
limitations by analyzing current and future results on a GAAP basis as well as non-GAAP basis, disclosing these GAAP financial measures, and providing a reconciliation from GAAP to non-GAAP financial measures.
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