Oscar Health Inc. (OSCR) Financial Statements (2024 and earlier)

Company Profile

Business Address 75 VARICK STREET
NEW YORK, NY 10013
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5602,9561,691
Cash and cash equivalents1,8701,5591,104
Short-term investments6901,397587
Other current assets76 
Other undisclosed current assets4941,159615
Total current assets:3,0614,1222,306
Noncurrent Assets
Property, plant and equipment626047
Long-term investments and receivables365223844
Long-term investments365223844
Restricted cash and investments302728
Deferred income tax assets   1
Other noncurrent assets839596
Total noncurrent assets:5404051,016
TOTAL ASSETS:3,6014,5273,322
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:273298235
Other undisclosed accounts payable and accrued liabilities273298235
Other undisclosed current liabilities2,1562,9661,618
Total current liabilities:2,4293,2641,852
Noncurrent Liabilities
Long-term debt and lease obligation299298 
Long-term debt, excluding current maturities299298 
Liabilities, other than long-term debt687277
Other liabilities687277
Total noncurrent liabilities:36637077
Total liabilities:2,7953,6341,929
Equity
Equity, attributable to parent, including:8048901,387
Treasury stock, value(3)(3)(3)
Additional paid in capital3,6823,5093,394
Accumulated other comprehensive income (loss)1(10)(4)
Accumulated deficit(2,877)(2,606)(2,000)
Other undisclosed equity, attributable to parent000
Equity, attributable to noncontrolling interest225
Total equity:8068921,393
TOTAL LIABILITIES AND EQUITY:3,6014,5273,322

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues5,8633,9641,839
Premiums earned, net5,6863,8711,831
Cost of revenue(4,644)(3,256)(1,569)
Policyholder benefits and claims incurred, net(4,642)(3,281)(1,624)
Gross profit:1,219708270
Operating expenses(340)(310)(265)
Other undisclosed operating loss(1,115)(988)(549)
Operating loss:(236)(590)(544)
Nonoperating expense(7) (1)
Investment income, nonoperating(1)  
Other nonoperating expense   (1)
Interest and debt expense(25)(23)(25)
Loss from continuing operations before equity method investments, income taxes:(267)(612)(571)
Other undisclosed income from continuing operations before income taxes  2 
Loss from continuing operations before income taxes:(267)(610)(571)
Income tax expense (benefit)(3)1(1)
Loss from continuing operations:(271)(610)(571)
Loss before gain (loss) on sale of properties:(571)
Net loss:(271)(610)(571)
Net income (loss) attributable to noncontrolling interest(0)3(1)
Net loss available to common stockholders, basic:(271)(606)(573)
Dilutive securities, effect on basic earnings per share   
Net loss available to common stockholders, diluted:(271)(606)(573)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(271)(610)(571)
Other undisclosed comprehensive income (loss)11(6)(5)
Comprehensive loss:(260)(616)(576)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)3(1)
Comprehensive loss, net of tax, attributable to parent:(260)(612)(577)

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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