Molina Healthcare Inc (MOH) Financial Statements (2024 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)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,1077,5057,6406,0294,3984,507
Cash and cash equivalents4,8484,0064,4384,1542,4522,826
Short-term investments4,2593,4993,2021,8751,9461,681
Receivables3,1042,3022,1771,6721,4061,330
Derivative instruments and hedges, assets     29476
Other undisclosed current assets331277247175134149
Total current assets:12,54210,08410,0647,8765,9676,462
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 6772206216228✕
Property, plant and equipment 203187190175157241
Intangible assets, net (including goodwill), including:1,4491,3901,252941172190
Goodwill 1,2411,115982 143143
Intangible assets, net (excluding goodwill) 2082752702492947
Other undisclosed intangible assets, net (including goodwill)   692  
Restricted cash and investments26123821213679220
Deferred income tax assets2272201066979✕
Other noncurrent assets14312317911910524
Other undisclosed noncurrent assets     17
Total noncurrent assets:2,3502,2302,1451,656820692
TOTAL ASSETS:14,89212,31412,2099,5326,7877,154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,252889842641455390
Other undisclosed accounts payable and accrued liabilities1,252889842641455390
Deferred revenue418359370375249✕
Debt 2122151218241
Derivative instruments and hedges, liabilities     29476
Contract with customer, liability✕✕✕✕✕✕211
Other undisclosed current liabilities6,4775,5855,8203,9372,5182,928
Total current liabilities:8,1686,8557,0474,9653,2694,246
Noncurrent Liabilities
Long-term debt and lease obligation2,3852,3912,3922,3521,4681,217
Long-term debt, excluding current maturities2,1802,1762,1732,1271,2371,020
Capital lease obligations✕✕✕✕✕✕197
Finance lease, liability205215219225231✕
Liabilities, other than long-term debt1241041401199044
Other liabilities1241041401199044
Total noncurrent liabilities:2,5092,4952,5322,4711,5581,261
Total liabilities:10,6779,3509,5797,4364,8275,507
Equity
Equity, attributable to parent4,2152,9642,6302,0961,9601,647
Additional paid in capital410328236199175643
Accumulated other comprehensive income (loss)(82)(160)(5)374(8)
Retained earnings3,8872,7962,3991,8601,7811,012
Total equity:4,2152,9642,6302,0961,9601,647
TOTAL LIABILITIES AND EQUITY:14,89212,31412,2099,5326,7877,154

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues34,07231,97427,77119,42316,82918,890
Premiums earned, net32,52930,88326,855 16,20817,612
Cost of revenue(29,759)(28,083)(24,524)(16,746)(14,400)(16,297)
Cost of goods and services sold(28,669)(27,175)(23,704)(88)(89)(127)
Other undisclosed gross profit    (198)(126)(75)
Gross profit:4,3133,8913,2472,4792,3032,518
Operating expenses(2,740)(2,718)(2,227)(1,599)(1,385)(1,447)
Other undisclosed operating income    19812660
Operating income:1,5731,1731,0201,0781,0441,131
Nonoperating expense(109)(110)(145)(117)(72)(132)
Other nonoperating income (expense)   (25)(15)15(17)
Interest and debt expense(109)(110)(25)(15)15(22)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    15(15)22
Income from continuing operations before equity method investments, income taxes:1,355953850961972999
Other undisclosed income from continuing operations before income taxes10911025   
Income from continuing operations before income taxes:1,4641,063875961972999
Income tax expense(373)(271)(216)(288)(235)(292)
Income from continuing operations:1,091792659673737707
Income before gain (loss) on sale of properties:✕✕✕659673737707
Net income available to common stockholders, diluted:1,091792659673737707

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,091792659673737707
Comprehensive income:1,091792659673737707
Other undisclosed comprehensive income (loss), net of tax, attributable to parent78(155)(42)3312(2)
Comprehensive income, net of tax, attributable to parent:1,169637617706749705

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: