Molina Healthcare Inc (MOH) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
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 investments7,6406,0294,3984,5075,7104,5774,130
Cash and cash equivalents4,4384,1542,4522,8263,1862,8192,329
Short-term investments3,2021,8751,9461,6812,5241,7581,801
Restricted cash and investments    169  
Receivables2,1771,6721,4061,330871974597
Derivative instruments and hedges, assets  29476522267374
Other undisclosed current assets247175134149239170205
Total current assets:10,0647,8765,9676,4627,5115,9885,306
Noncurrent Assets
Finance lease, right-of-use asset206216228
Property, plant and equipment190175157241342454393
Intangible assets, net (including goodwill), including:1,252941172190255760641
Goodwill982 143143186620519
Intangible assets, net (excluding goodwill)270249294769140122
Other undisclosed intangible assets, net (including goodwill) 692     
Restricted cash and investments21213679220119110109
Deferred income tax assets1066979
Other noncurrent assets17911910524404128
Costs in excess of billings1018681
Deferred tax assets, net  1018
Other undisclosed noncurrent assets   17103  
Total noncurrent assets:2,1451,6568206929601,4611,270
TOTAL ASSETS:12,2099,5326,7877,1548,4717,4496,576
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:842641455390366385362
Other undisclosed accounts payable and accrued liabilities842641455390366385362
Deferred revenue370375249
Debt151218241653472449
Derivative instruments and hedges, liabilities  29476522267374
Deferred revenue and credits282315223
Contract with customer, liability211
Other undisclosed current liabilities5,8203,9372,5182,9283,7343,1312,414
Total current liabilities:7,0474,9653,2694,2465,5574,5703,822
Noncurrent Liabilities
Long-term debt and lease obligation2,3922,3521,4681,2171,5161,173962
Long-term debt, excluding current maturities2,1732,1271,2371,0201,3181,173962
Finance lease, liability219225231
Capital lease obligations197198  
Liabilities, other than long-term debt1401199044615737
Deferred tax liabilities, net  15 
Other liabilities1401199044614237
Other undisclosed noncurrent liabilities      198
Total noncurrent liabilities:2,5322,4711,5581,2611,5771,2301,197
Total liabilities:9,5797,4364,8275,5077,1345,8005,019
Stockholders' equity
Stockholders' equity attributable to parent2,6302,0961,9601,6471,3371,6491,557
Additional paid in capital2361991756431,044841803
Accumulated other comprehensive income (loss)(5)374(8)(5)(2)(4)
Retained earnings2,3991,8601,7811,012298810758
Total stockholders' equity:2,6302,0961,9601,6471,3371,6491,557
TOTAL LIABILITIES AND EQUITY:12,2099,5326,7877,1548,4717,4496,576

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues27,77119,42316,82918,89019,88317,78214,178
Revenue, net19,37516,93113,499
Premiums earned, net26,855 16,20817,612
Cost of revenue(24,524)(16,746)(14,400)(16,297)(18,237)(15,944)(12,541)
Cost of goods and services sold(23,704)(88)(89)(127)(3,233)(2,880)(1,929)
Other undisclosed gross profit (198)(126)(75)164(166)(130)
Gross profit:3,2472,4792,3032,5181,8101,6721,507
Operating expenses(2,227)(1,599)(1,385)(1,447)(2,201)(1,532)(1,250)
Other undisclosed operating income (loss) 19812660(164)166130
Operating income (loss):1,0201,0781,0441,131(555)306387
Nonoperating income (expense)(145)(117)(72)(132)61(101)(65)
Other nonoperating income (expense)(25)(15)15(17)61 1
Interest and debt expense(25)(15)15(22)(14)(101)(66)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 15(15)22(104)10166
Income (loss) from continuing operations before equity method investments, income taxes:850961972999(612)205322
Other undisclosed income from continuing operations before income taxes25      
Income (loss) from continuing operations before income taxes:875961972999(612)205322
Income tax expense (benefit)(216)(288)(235)(292)100(153)(179)
Net income (loss) available to common stockholders, diluted:659673737707(512)52143

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):659673737707(512)52143
Comprehensive income (loss):659673737707(512)52143
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(42)3312(2)(3)2(3)
Comprehensive income (loss), net of tax, attributable to parent:617706749705(515)54140

Statements sources

The financial statements are based on the company's filings with the 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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