Magellan Health, Inc. (MGLN) Financial Statements (2025 and earlier)

Company Profile

Business Address 4801 E. WASHINGTON ST
PHOENIX, AZ 85034
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 806 - Hospitals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

9/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 141334655709602438
Cash and cash equivalent   272399305115
Short-term investments 141334383311297322
Restricted cash and investments 93185   134
Receivables 744890756661607429
Inventory, net of allowances, customer advances and progress billings 434541415951
Inventory 434541415951
Other current assets 847895725247
Other undisclosed current assets 1,052140    
Total current assets: 2,1561,6731,5471,4831,3191,098
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 12 ✕✕✕✕
Operating lease, right-of-use asset 24 ✕✕✕✕
Property, plant and equipment  138151159173175
Long-term investments and receivables 31131784
Long-term investments 31131784
Intangible assets, net (including goodwill) 9531,1861,2501,275928755
Goodwill 8741,0181,0181,006742621
Intangible assets, net (excluding goodwill) 80167232268186133
Deferred income tax assets 22✕✕✕✕
Other noncurrent assets 1098325231311
Deferred tax assets, net✕✕✕   27
Other undisclosed noncurrent assets 101 313 
Total noncurrent assets: 1,2031,4191,4321,4741,124971
TOTAL ASSETS: 3,3603,0922,9792,9572,4442,069
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 656372303314374264
Taxes payable 57     
Employee-related liabilities 107  467638
Accounts payable 1378872749686
Accrued liabilities 355284231194202140
Deferred revenue 77✕✕✕✕
Debt 742411340419
Business combination, contingent consideration, liability   87992
Contract with customer, liability✕✕✕17✕✕✕
Other undisclosed current liabilities 69527546459306350
Total current liabilities: 7389108998921,093724
Noncurrent Liabilities
Long-term debt and lease obligation, including: 632679729741215238
Finance lease, liability 1214✕✕✕✕
Other undisclosed long-term debt and lease obligation 595620729741215238
Liabilities, other than long-term debt 294332161613
Deferred revenue 1111✕✕✕✕
Contract with customer, liability✕✕✕13✕✕✕
Deferred income tax liabilities 717✕✕✕✕
Liability for uncertainty in income taxes 111516141413
Operating lease, liability 2545✕✕✕✕
Business combination, contingent consideration, liability   2221
Other undisclosed noncurrent liabilities 586234311621
Total noncurrent liabilities: 719784795788246273
Total liabilities: 1,4571,6941,6941,6811,339997
Temporary equity, including noncontrolling interest 33   56
Equity
Equity, attributable to parent, including: 1,8701,3981,2851,2761,1001,066
Common stock 1111  
Treasury stock, value (1,465)(1,465)(1,461)(1,398)(1,376)(1,269)
Additional paid in capital 1,4771,3871,3271,2751,1861,124
Accumulated other comprehensive income (loss) (0)0(0)(0)(0)(0)
Retained earnings 1,8571,4751,4191,3991,2891,211
Other undisclosed equity, attributable to parent     11
Total equity: 1,8701,3981,2851,2761,1001,066
TOTAL LIABILITIES AND EQUITY: 3,3603,0922,9792,9572,4442,069

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 4,5787,1597,3145,8394,8374,597
Revenue, net✕✕✕✕3,3042,8033,042
Cost of revenue
(Cost of Product and Service Sold)		 (2,181)(1,899)(2,283)(2,212)(1,819)(1,322)
Other undisclosed gross profit (2,253)(5,008)(4,803)(3,316)(2,716)(3,000)
Gross profit: 144253228311302276
Operating expenses     (5) 
Operating income: 144253228311297276
Interest and debt expense (31)(36)(35)(26)(10)(7)
Other undisclosed loss from continuing operations before equity method investments, income taxes (154)(136)(149)(150)(141)(198)
Income (loss) from continuing operations before income taxes: (40)814313514671
Income tax expense (benefit) 45(25)(19)(25)(70)(42)
Income from continuing operations: 456241107629
Income before gain (loss) on sale of properties:✕35256241107629
Income from discontinued operations 348     
Other undisclosed net income 30     
Net income: 38256241107629
Net income attributable to noncontrolling interest    023
Net income available to common stockholders, diluted: 38256241107831

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 38256241107629
Other comprehensive income (loss) (0)00(0)0(0)
Comprehensive income: 38256241107629
Comprehensive income, net of tax, attributable to noncontrolling interest    023
Comprehensive income, net of tax, attributable to parent: 38256241107831

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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