Molina Healthcare Inc (MOH) Financial Statements (2023 and earlier)

Company Profile

Business Address 200 OCEANGATE, SUITE 100
LONG BEACH, CA 90802
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6324 - Hospital and Medical Service Plans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,5057,6406,0294,3984,5075,710
Cash and cash equivalents4,0064,4384,1542,4522,8263,186
Short-term investments3,4993,2021,8751,9461,6812,524
Restricted cash and investments      169
Receivables2,3022,1771,6721,4061,330871
Derivative instruments and hedges, assets    29476522
Other undisclosed current assets277247175134149239
Total current assets:10,08410,0647,8765,9676,4627,511
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 72206216228
Property, plant and equipment 187190175157241342
Intangible assets, net (including goodwill), including:1,3901,252941172190255
Goodwill 1,115982 143143186
Intangible assets, net (excluding goodwill) 275270249294769
Other undisclosed intangible assets, net (including goodwill)  692   
Restricted cash and investments23821213679220119
Deferred income tax assets2201066979
Other noncurrent assets1231791191052440
Costs in excess of billings101
Other undisclosed noncurrent assets    17103
Total noncurrent assets:2,2302,1451,656820692960
TOTAL ASSETS:12,31412,2099,5326,7877,1548,471
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:889842641455390366
Other undisclosed accounts payable and accrued liabilities889842641455390366
Deferred revenue359370375249
Debt 22151218241653
Derivative instruments and hedges, liabilities    29476522
Deferred revenue and credits282
Contract with customer, liability211
Other undisclosed current liabilities5,5855,8203,9372,5182,9283,734
Total current liabilities:6,8557,0474,9653,2694,2465,557
Noncurrent Liabilities
Long-term debt and lease obligation2,3912,3922,3521,4681,2171,516
Long-term debt, excluding current maturities2,1762,1732,1271,2371,0201,318
Capital lease obligations197198
Finance lease, liability215219225231
Liabilities, other than long-term debt104140119904461
Other liabilities104140119904461
Total noncurrent liabilities:2,4952,5322,4711,5581,2611,577
Total liabilities:9,3509,5797,4364,8275,5077,134
Equity
Equity, attributable to parent2,9642,6302,0961,9601,6471,337
Additional paid in capital3282361991756431,044
Accumulated other comprehensive income (loss)(160)(5)374(8)(5)
Retained earnings2,7962,3991,8601,7811,012298
Total equity:2,9642,6302,0961,9601,6471,337
TOTAL LIABILITIES AND EQUITY:12,31412,2099,5326,7877,1548,471

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues31,97427,77119,42316,82918,89019,883
Revenue, net19,375
Premiums earned, net30,88326,855 16,20817,612
Cost of revenue(28,083)(24,524)(16,746)(14,400)(16,297)(18,237)
Cost of goods and services sold(27,175)(23,704)(88)(89)(127)(3,233)
Other undisclosed gross profit   (198)(126)(75)164
Gross profit:3,8913,2472,4792,3032,5181,810
Operating expenses(2,718)(2,227)(1,599)(1,385)(1,447)(2,201)
Other undisclosed operating income (loss)   19812660(164)
Operating income (loss):1,1731,0201,0781,0441,131(555)
Nonoperating income (expense)(110)(145)(117)(72)(132)61
Other nonoperating income (expense)  (25)(15)15(17)61
Interest and debt expense(110)(25)(15)15(22)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   15(15)22(104)
Income (loss) from continuing operations before equity method investments, income taxes:953850961972999(612)
Other undisclosed income from continuing operations before income taxes11025    
Income (loss) from continuing operations before income taxes:1,063875961972999(612)
Income tax expense (benefit)(271)(216)(288)(235)(292)100
Income (loss) from continuing operations:792659673737707(512)
Income (loss) before gain (loss) on sale of properties:659673737707(512)
Net income (loss) available to common stockholders, diluted:792659673737707(512)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):792659673737707(512)
Comprehensive income (loss):792659673737707(512)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(155)(42)3312(2)(3)
Comprehensive income (loss), net of tax, attributable to parent:637617706749705(515)

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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