Perform a horizontal analysis of the balance sheet, then summarize the balance sheet results of the horizontal analysis. Simply select some of the higher or lower %s to discuss. Focus on items you feel are more relevant and telling of the company operations. For example, you could write one paragraph on each section of the balance sheet i.e. assets, liabilities, equity.

United Health Group Consolidated Balance Sheets December 31, 2018 December 31, 2017 (in millions, except per share data) $ 10,866 3,458 11,388 6,862 3,032 3,086 38,692 32,510 11,981 3,509 9,568 6,262 3,101 2,663 37,084 28,341 8,458 58,910 9,325 4,326 152,221 7,013 54,556 8,489 3,575 139,058 $ $ $ $ Assets Current assets: Cash and cash equivalents ....... Short-term investments ........... Accounts receivable, net of allowances of $712 and $641 ...... Other current receivables, net of allowances of $502 and $440. Assets under management Prepaid expenses and other current assets .................... Total current assets ........ Long-term investments ........... Property, equipment and capitalized software, net of accumulated depreciation and amortization of $4,141 and $3,694 ... Goodwill Other intangible assets, net of accumulated amortization of $4,592 and $4,309 ... Other assets ...... Total assets Liabilities, redeemable noncontrolling interests and equity Current liabilities: Medical costs payable ........ ....... Accounts payable and accrued liabilities .................. Commercial paper and current maturities of long-term debt Unearned revenues ................... Other current liabilities ........... Total current liabilities Long-term debt, less current maturities Deferred income taxes ... Other liabilities ..... Total liabilities Commitments and contingencies (Note 12) Redeemable noncontrolling interests ... 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; 960 and 969 issued and outstanding .... Additional paid-in capital .......... Retained earnings ..... Accumulated other comprehensive loss ................... Nonredeemable noncontrolling interests Total equity ..... Total liabilities, redeemable noncontrolling interests and equity ............ 19.891 16,705 1,973 2,396 12,244 53,209 34,581 2,474 5,730 95,994 17.871 15,180 2,857 2,269 12,286 50,463 28,835 2,182 5,556 87,036 1,908 2,189 10 10 55,846 (4,160) 2,623 54,319 152,221 1,703 48,730 (2,667) 2,057 49,833 139,058 $ $ See Notes to the Consolidated Financial Statements 50 United Health Group Consolidated Balance Sheets December 31, 2018 December 31, 2017 (in millions, except per share data) $ 10,866 3,458 11,388 6,862 3,032 3,086 38,692 32,510 11,981 3,509 9,568 6,262 3,101 2,663 37,084 28,341 8,458 58,910 9,325 4,326 152,221 7,013 54,556 8,489 3,575 139,058 $ $ $ $ Assets Current assets: Cash and cash equivalents ....... Short-term investments ........... Accounts receivable, net of allowances of $712 and $641 ...... Other current receivables, net of allowances of $502 and $440. Assets under management Prepaid expenses and other current assets .................... Total current assets ........ Long-term investments ........... Property, equipment and capitalized software, net of accumulated depreciation and amortization of $4,141 and $3,694 ... Goodwill Other intangible assets, net of accumulated amortization of $4,592 and $4,309 ... Other assets ...... Total assets Liabilities, redeemable noncontrolling interests and equity Current liabilities: Medical costs payable ........ ....... Accounts payable and accrued liabilities .................. Commercial paper and current maturities of long-term debt Unearned revenues ................... Other current liabilities ........... Total current liabilities Long-term debt, less current maturities Deferred income taxes ... Other liabilities ..... Total liabilities Commitments and contingencies (Note 12) Redeemable noncontrolling interests ... 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; 960 and 969 issued and outstanding .... Additional paid-in capital .......... Retained earnings ..... Accumulated other comprehensive loss ................... Nonredeemable noncontrolling interests Total equity ..... Total liabilities, redeemable noncontrolling interests and equity ............ 19.891 16,705 1,973 2,396 12,244 53,209 34,581 2,474 5,730 95,994 17.871 15,180 2,857 2,269 12,286 50,463 28,835 2,182 5,556 87,036 1,908 2,189 10 10 55,846 (4,160) 2,623 54,319 152,221 1,703 48,730 (2,667) 2,057 49,833 139,058 $ $ See Notes to the Consolidated Financial Statements 50