Magellan Health, Inc. (MGLN) Financial Statements (2026 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 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 326 | 626 | 93 | 76 | 350 | ||||
| Short-term investments | 326 | 626 | 93 | 76 | 350 | ||||
| Restricted cash and investments | 136 | 127 | 98 | 102 | 167 | ||||
| Receivables | 827 | 794 | 769 | 753 | 924 | ||||
| Inventory, net of allowances, customer advances and progress billings | 39 | 46 | 38 | 37 | 42 | ||||
| Inventory | 39 | 46 | 38 | 37 | 42 | ||||
| Disposal group, including discontinued operation | 1,144 | 1,146 | |||||||
| Other current assets | 145 | 101 | 96 | 80 | 107 | ||||
| Other undisclosed current assets | 542 | 329 | 54 | 58 | 217 | ||||
| Total current assets: | 2,015 | 2,023 | 2,291 | 2,252 | 1,807 | ||||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 11 | 12 | 13 | 13 | |||||
| Operating lease, right-of-use asset | 32 | 32 | 17 | 21 | |||||
| Property, plant and equipment | 143 | ||||||||
| Long-term investments and receivables | 3 | 5 | 6 | 6 | |||||
| Long-term investments | 3 | 5 | 6 | 6 | |||||
| Intangible assets, net (including goodwill) | 938 | 945 | 859 | 869 | 1,171 | ||||
| Goodwill | 874 | 874 | 806 | 806 | 1,018 | ||||
| Intangible assets, net (excluding goodwill) | 64 | 72 | 52 | 62 | 153 | ||||
| Deferred income tax assets | 1 | 26 | 29 | 1 | |||||
| Other noncurrent assets | 120 | 120 | 68 | 61 | 96 | ||||
| Other undisclosed noncurrent assets | 98 | 98 | 101 | 107 | |||||
| Total noncurrent assets: | 1,203 | 1,213 | 1,090 | 1,099 | 1,418 | ||||
| TOTAL ASSETS: | 3,218 | 3,237 | 3,381 | 3,351 | 3,225 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 341 | 416 | 357 | 286 | 425 | ||||
| Accounts payable | 132 | 150 | 122 | 99 | 104 | ||||
| Accrued liabilities | 208 | 266 | 235 | 187 | 321 | ||||
| Deferred revenue | 7 | 7 | 12 | 26 | 39 | ||||
| Debt | 3 | 9 | 4 | 85 | 84 | ||||
| Disposal group, including discontinued operation | 496 | 504 | |||||||
| Other undisclosed current liabilities | 279 | 231 | 231 | 197 | 482 | ||||
| Total current liabilities: | 630 | 662 | 1,101 | 1,098 | 1,030 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 522 | 527 | 637 | 642 | 648 | ||||
| Finance lease, liability | 10 | 11 | 13 | 14 | 15 | ||||
| Other undisclosed long-term debt and lease obligation | 479 | 482 | 600 | 618 | 591 | ||||
| Liabilities, other than long-term debt | 42 | 37 | 23 | 22 | 50 | ||||
| Deferred revenue | 11 | 11 | 11 | 11 | 11 | ||||
| Deferred income tax liabilities | 18 | 14 | 23 | ||||||
| Liability for uncertainty in income taxes | 13 | 12 | 12 | 11 | 16 | ||||
| Operating lease, liability | 33 | 34 | 24 | 10 | 41 | ||||
| Other undisclosed noncurrent liabilities | 68 | 68 | 41 | 46 | 65 | ||||
| Total noncurrent liabilities: | 631 | 631 | 701 | 710 | 763 | ||||
| Total liabilities: | 1,260 | 1,294 | 1,802 | 1,808 | 1,793 | ||||
| Temporary equity, including noncontrolling interest | 34 | 33 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 1,924 | 1,910 | 1,579 | 1,543 | 1,432 | ||||
| Common stock | 1 | 1 | 1 | 1 | 1 | ||||
| Treasury stock, value | (1,465) | (1,465) | (1,465) | (1,465) | (1,465) | ||||
| Additional paid in capital | 1,504 | 1,489 | 1,455 | 1,430 | 1,403 | ||||
| Accumulated other comprehensive income (loss) | (0) | (0) | 0 | 1 | (0) | ||||
| Retained earnings | 1,884 | 1,885 | 1,588 | 1,577 | 1,493 | ||||
| Total equity: | 1,924 | 1,910 | 1,579 | 1,543 | 1,432 | ||||
| TOTAL LIABILITIES AND EQUITY: | 3,218 | 3,237 | 3,381 | 3,351 | 3,225 | ||||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,221 | 1,162 | (3,393) | 1,170 | 1,100 | 1,794 | ||
| Cost of revenue (Cost of Product and Service Sold) | (521) | (492) | (560) | (528) | (486) | |||
| Other undisclosed gross profit | (668) | (594) | (576) | (515) | (1,233) | |||
| Gross profit: | 32 | 75 | 34 | 57 | 75 | |||
| Operating income: | 32 | 75 | 34 | 57 | 75 | |||
| Interest and debt expense | (6) | (6) | (7) | (8) | (9) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (29) | (46) | (38) | (31) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 26 | 39 | (20) | 11 | 35 | |||
| Other undisclosed loss from continuing operations before income taxes | (34) | |||||||
| Income (loss) from continuing operations before income taxes: | (8) | 39 | (20) | 11 | 35 | |||
| Income tax expense (benefit) | 1 | (11) | 2 | 36 | (17) | |||
| Income (loss) from continuing operations: | (6) | 29 | (17) | 47 | 18 | |||
| Income (loss) before gain (loss) on sale of properties: | (6) | 29 | ✕ | (17) | 47 | 18 | ||
| Other undisclosed net loss | (1) | |||||||
| Net income (loss): | (6) | 28 | (17) | 47 | 18 | |||
| Other undisclosed net income attributable to parent | 6 | 29 | 36 | |||||
| Net income (loss) attributable to parent: | (1) | 28 | 12 | 84 | 18 | |||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | (1) | 28 | 12 | 84 | 18 | |||
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6) | 28 | (17) | 47 | 18 | |||
| Other comprehensive income (loss) | 0 | 0 | (0) | 1 | (0) | |||
| Comprehensive income (loss): | (6) | 28 | (18) | 48 | 18 | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 6 | 29 | 36 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (0) | 28 | 11 | 84 | 18 | |||
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.