Summary
UnitedHealth Group (UNH) filed an 8-K on October 17, 2013, to furnish a press release announcing its third quarter 2013 results. The report primarily focuses on providing details about the company's financial performance, including a non-GAAP measure of adjusted cash flows from operating activities. This adjusted figure aims to enhance period-over-period comparability by accounting for the timing of certain government payments, specifically noting a July 2012 CMS premium payment received in June 2012. Investors should note that while the company presents this non-GAAP measure, it is crucial to also consider the GAAP-based financial statements. The press release provides a reconciliation and explains that this adjusted metric is intended to offer a clearer view of operational trends and aid in comparing performance against peers. The core information shared relates to UNH's operational and financial condition as of and for the third quarter of 2013, with the press release itself being the main deliverable in this filing.
Key Highlights
- 1UNH filed an 8-K on October 17, 2013, to report its Q3 2013 results.
- 2The filing furnishes a press release detailing the company's financial performance for the third quarter.
- 3A non-GAAP financial measure, 'adjusted cash flows from operating activities,' is presented.
- 4This non-GAAP measure aims to improve comparability by adjusting for the timing of certain government payments.
- 5A specific example of adjustment involves a July 2012 CMS premium payment received in June 2012.
- 6The company emphasizes that this non-GAAP measure has limitations and should be viewed alongside GAAP results.
- 7Reconciliations between GAAP and non-GAAP measures are provided within the furnished press release.