Molina Healthcare Inc (MOH) financial statements (2021 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)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,398 | 4,436 | 4,323 | 4,732 | 4,507 | 4,626 | 2,176 | ||
| Cash and cash equivalents | 2,452 | 2,679 | 2,253 | 3,224 | 2,826 | 2,814 | |||
| Short-term investments | 1,946 | 1,757 | 2,070 | 1,508 | 1,681 | 1,812 | 2,176 | ||
| Restricted cash and investments | 80 | ||||||||
| Receivables | 1,406 | 1,280 | 1,239 | 1,359 | 1,330 | 1,346 | 1,148 | ||
| Derivative instruments and hedges, assets | 29 | 21 | 169 | 516 | 476 | 843 | 657 | ||
| Disposal group, including discontinued operation | 9 | ||||||||
| Assets held-for-sale, not part of disposal group | 230 | ||||||||
| Other undisclosed current assets | 134 | 140 | 132 | 124 | 149 | 486 | 3,727 | ||
| Total current assets: | 5,967 | 5,877 | 5,863 | 6,731 | 6,462 | 7,301 | 8,027 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 228 | ✕ | ✕ | ✕ | |||||
| Property, plant and equipment | 157 | 379 | 373 | 376 | 241 | 264 | 276 | ||
| Intangible assets, net (including goodwill), including: | 172 | 176 | 180 | 185 | 190 | 195 | 201 | ||
| Goodwill | 143 | 143 | |||||||
| Intangible assets, net (excluding goodwill) | 29 | 47 | |||||||
| Other undisclosed intangible assets, net (including goodwill) | 176 | 180 | 185 | 195 | 201 | ||||
| Restricted cash and investments | 79 | 79 | 98 | 100 | 220 | 118 | 117 | ||
| Deferred income tax assets | 79 | 82 | 70 | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 105 | 108 | 106 | 111 | 24 | 30 | 28 | ||
| Other undisclosed noncurrent assets | 76 | 17 | 143 | 114 | |||||
| Total noncurrent assets: | 820 | 824 | 827 | 848 | 692 | 750 | 736 | ||
| TOTAL ASSETS: | 6,787 | 6,701 | 6,690 | 7,579 | 7,154 | 8,051 | 8,763 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 455 | 478 | 373 | 444 | 390 | 824 | 754 | ||
| Other undisclosed accounts payable and accrued liabilities | 455 | 478 | 373 | 444 | 390 | 824 | 754 | ||
| Deferred revenue | 249 | 207 | 30 | ✕ | ✕ | ✕ | |||
| Debt | 18 | 15 | 65 | 198 | 241 | 296 | 484 | ||
| Derivative instruments and hedges, liabilities | 29 | 21 | 169 | 516 | 476 | 843 | 657 | ||
| Disposal group, including discontinued operation | 66 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 207 | 211 | 178 | 193 | ||
| Other undisclosed current liabilities | 2,518 | 2,587 | 2,751 | 2,927 | 2,928 | 3,072 | 3,666 | ||
| Total current liabilities: | 3,269 | 3,308 | 3,388 | 4,292 | 4,246 | 5,213 | 5,820 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,468 | 1,472 | 1,473 | 1,121 | 1,217 | 1,217 | 1,217 | ||
| Long-term debt, excluding current maturities | 1,237 | 1,239 | 1,241 | 1,121 | 1,020 | 1,019 | 1,019 | ||
| Finance lease, liability | 231 | 233 | 232 | ✕ | ✕ | ✕ | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 197 | 198 | 198 | ||
| Liabilities, other than long-term debt | 90 | 90 | 93 | 97 | 44 | 60 | 68 | ||
| Other liabilities | 90 | 90 | 93 | 97 | 44 | 60 | 68 | ||
| Other undisclosed noncurrent liabilities | 234 | ||||||||
| Total noncurrent liabilities: | 1,558 | 1,562 | 1,566 | 1,452 | 1,261 | 1,277 | 1,285 | ||
| Total liabilities: | 4,827 | 4,870 | 4,954 | 5,744 | 5,507 | 6,490 | 7,105 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 1,960 | 1,831 | 1,736 | 1,835 | 1,647 | 1,561 | 1,658 | ||
| Additional paid in capital | 175 | 160 | 240 | 543 | 643 | 760 | 1,055 | ||
| Accumulated other comprehensive income (loss) | 4 | 5 | 5 | (3) | (8) | (10) | (11) | ||
| Retained earnings | 1,781 | 1,666 | 1,491 | 1,295 | 1,012 | 811 | 614 | ||
| Total stockholders' equity: | 1,960 | 1,831 | 1,736 | 1,835 | 1,647 | 1,561 | 1,658 | ||
| TOTAL LIABILITIES AND EQUITY: | 6,787 | 6,701 | 6,690 | 7,579 | 7,154 | 8,051 | 8,763 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,274 | 4,243 | 4,193 | 4,119 | 4,664 | 4,697 | 4,883 | |
| Premiums earned, net | 4,123 | 4,084 | 4,049 | 3,952 | 4,438 | 4,337 | ||
| Cost of revenue | (3,668) | (3,642) | (3,578) | (3,512) | (3,930) | (4,140) | (4,181) | |
| Other undisclosed gross profit | (126) | (75) | ||||||
| Gross profit: | 480 | 601 | 615 | 607 | 659 | 557 | 702 | |
| Operating expenses | (364) | (344) | (350) | (327) | (410) | (299) | (360) | |
| Other undisclosed operating income | 126 | 23 | 37 | |||||
| Operating income: | 242 | 257 | 265 | 280 | 272 | 295 | 342 | |
| Nonoperating expense | (20) | (24) | (8) | (20) | (107) | (10) | (5) | |
| Other nonoperating income (expense) | (2) | 14 | 3 | (10) | (5) | |||
| Interest and debt expense | (22) | (22) | 3 | 3 | (26) | (32) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 22 | 22 | (3) | 88 | ||||
| Income from continuing operations before income taxes: | 222 | 233 | 257 | 260 | 256 | 259 | 305 | |
| Income tax expense | (54) | (58) | (61) | (62) | (55) | (62) | (103) | |
| Net income available to common stockholders, diluted: | 168 | 175 | 196 | 198 | 201 | 197 | 202 | |
Comprehensive Income ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | 6/30/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 168 | 175 | 196 | 198 | 201 | 197 | 202 | |
| Comprehensive income: | 168 | 175 | 196 | 198 | 201 | 197 | 202 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1) | 8 | 5 | 2 | 1 | 2 | ||
| Comprehensive income, net of tax, attributable to parent: | 167 | 175 | 204 | 203 | 203 | 198 | 204 | |
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.