GoHealth Inc. (GOCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 214 WEST HURON STREET
CHICAGO, IL 60654
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments90,80916,46484,361144,234
Cash and cash equivalents90,80916,46484,361144,234
Receivables2504,70317,27630,266
Contract with customer, asset, after allowance for credit loss    188,128
Other undisclosed current assets385,381393,389327,35829,194
Total current assets:476,440414,556428,995391,822
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   100 
Operating lease, right-of-use asset21,99521,48323,462 
Property, plant and equipment    17,353
Intangible assets, net (including goodwill)396,554500,611594,6691,075,279
Goodwill    386,553
Intangible assets, net (excluding goodwill)396,554500,611594,669688,726
Contract with customer, asset, after allowance for credit loss575,482695,637993,844622,270
Other noncurrent assets2,2561,7213,6082,072
Other undisclosed noncurrent assets26,84325,28224,173 
Total noncurrent assets:1,023,1301,244,7341,639,8561,716,974
TOTAL ASSETS:1,499,5701,659,2902,068,8512,108,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities103,95968,48292,63135,659
Accounts payable17,70515,14839,8438,733
Accrued liabilities86,25453,33452,78826,926
Debt75,0005,2705,3734,170
Restructuring reserve    
Other liabilities14,12210,1128,3448,328
Other undisclosed current liabilities176,932181,591110,71979,214
Total current liabilities:370,013265,455217,067127,371
Noncurrent Liabilities
Long-term debt and lease obligation422,705504,810684,891396,400
Long-term debt, excluding current maturities422,705504,810665,115396,400
Liabilities, other than long-term debt48,64244,206 3,274
Other liabilities9,0955,839 3,274
Operating lease, liability39,54738,36719,776 
Other undisclosed noncurrent liabilities203,255253,118254,627182,596
Total noncurrent liabilities:674,602802,134959,294582,270
Other undisclosed liabilities49,30249,302  
Total liabilities:1,093,9171,116,8911,176,361709,641
Equity
Equity, attributable to parent, including:231,014268,759353,103380,416
Additional paid in capital654,059626,269561,447399,169
Accumulated other comprehensive income (loss)(127)(144)(59)17
Accumulated deficit(420,280)(357,023)(208,317)(18,802)
Other undisclosed equity, attributable to parent(2,638)(343)3232
Equity, attributable to noncontrolling interest174,639273,640539,3871,018,739
Total equity:405,653542,399892,4901,399,155
TOTAL LIABILITIES AND EQUITY:1,499,5701,659,2902,068,8512,108,796

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues734,671631,6751,062,415877,350
Cost of revenue(158,961)(187,670)(239,335)(199,202)
Gross profit:575,710444,005823,080678,148
Operating expenses(394,855)(443,491)(943,933)(498,149)
Other undisclosed operating loss(262,536)(319,180)(368,594)(244,545)
Operating loss:(81,681)(318,666)(489,447)(64,546)
Nonoperating income
(Other Nonoperating income)
37115669358
Interest and debt expense(69,472)(57,069)(45,440)(32,969)
Loss from continuing operations before income taxes:(151,116)(375,620)(534,218)(97,157)
Income tax expense (benefit)(154)(764)24(43)
Loss from continuing operations:(151,270)(376,384)(534,194)(97,200)
Loss before gain (loss) on sale of properties:(534,194)(97,200)
Net loss:(151,270)(376,384)(534,194)(97,200)
Net income attributable to noncontrolling interest88,013227,678344,83752,933
Net loss attributable to parent:(63,257)(148,706)(189,357)(44,267)
Other undisclosed net loss available to common stockholders, basic(3,566)(943)  
Net loss available to common stockholders, diluted:(66,823)(149,649)(189,357)(44,267)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(151,270)(376,384)(534,194)(97,200)
Other undisclosed comprehensive income (loss)42(238)(155)66
Comprehensive loss:(151,228)(376,622)(534,349)(97,134)
Comprehensive income, net of tax, attributable to noncontrolling interest87,988227,831344,91652,884
Comprehensive loss, net of tax, attributable to parent:(63,240)(148,791)(189,433)(44,250)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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