WellCare Health Plans, Inc. (WCG) financial statements (2021 and earlier)

Company profile

Business Address 8735 HENDERSON ROAD
TAMPA, FL 33634
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)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6493,9204,2044,4845,3415,8925,533
Cash and cash equivalents2,5672,9903,2353,6544,3075,0994,824
Short-term investments1,0829299698301,034794709
Receivables435447550461495433381
Other undisclosed current assets3,3172,9003,0271,8881,8471,2781,264
Total current assets:7,4017,2677,7816,8327,6827,6037,177
Noncurrent Assets
Property, plant and equipment477472425428384331317
Long-term investments and receivables2,0601,5391,058813844722726
Long-term investments2,0601,5391,058813844722726
Intangible assets, net (including goodwill)3,1223,1743,1923,2243,0801,0241,019
Goodwill2,2652,2142,2062,2281,754677662
Intangible assets, net (excluding goodwill)8579609869961,327347357
Restricted cash and investments318285274235235229213
Disposal group, including discontinued operation, noncurrent assets217205207214215213215
Other noncurrent assets2662642691918124
Total noncurrent assets:6,4615,9395,4254,9324,7762,5312,494
TOTAL ASSETS:13,86213,20613,20611,76512,45910,1349,671
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3733     
Provision for loss on contracts   16   
Other undisclosed current liabilities6,3675,8976,0775,0005,8045,9775,680
Total current liabilities:6,4045,9306,0775,0165,8045,9775,680
Noncurrent Liabilities
Long-term debt and lease obligation2,0292,0782,1272,1262,1251,1841,183
Long-term debt, excluding current maturities2,0292,0782,1272,1262,1251,1841,183
Liabilities, other than long-term debt572594461249249245235
Deferred income tax liabilities106140 
Disposal group, including discontinued operation, liabilities217205207214215213215
Other liabilities24924925435343220
Other undisclosed noncurrent liabilities  1491341175672
Total noncurrent liabilities:2,6012,6722,7372,5092,4921,4851,489
Total liabilities:9,0058,6028,8157,5258,2967,4637,169
Stockholders' equity
Stockholders' equity attributable to parent4,8564,6034,3914,2404,1622,6722,502
Common stock1111100
Additional paid in capital2,0001,9861,9671,9811,962601583
Accumulated other comprehensive income (loss)13165(9)(11)(11)(11)
Retained earnings2,8432,6022,4192,2672,2112,0811,929
Total stockholders' equity:4,8564,6034,3914,2404,1622,6722,502
TOTAL LIABILITIES AND EQUITY:13,86213,20613,20611,76512,45910,1349,671

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues7,1407,0106,7626,0715,0584,6394,646
Premiums earned, net6,9666,8426,6095,9194,9894,613 
Financial services revenue4,626
Cost of revenue
(Cost of Goods and Services Sold)
(129)(123)(112)(115)(34)  
Gross profit:7,0116,8876,6505,9565,0254,6394,646
Operating expenses(6,847)(6,768)(6,578)(5,976)(4,850)(4,405) 
Other operating expense, net
(Other Expenses)
     (460)(442)
Other undisclosed operating income   11534460 
Operating income:16411972952092344,205
Interest and debt expense(29)(31)(30)(30)(24)(17)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes158154141302417(4,026)
Income from continuing operations before equity method investments, income taxes:29324218495209234161
Income (loss) from equity method investments2021(5)7(4)(3)
Income from continuing operations before income taxes:31424418589215230159
Income tax expense(73)(61)(34)(33)(85)(78)(57)
Net income available to common stockholders, diluted:24118315156131152102

Comprehensive Income ($ in millions)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income:24118315156131152102
Other undisclosed comprehensive income (loss)(3)11143  (8)
Comprehensive income:2381941655813115294
Other undisclosed comprehensive loss, net of tax, attributable to parent    (1)  
Comprehensive income, net of tax, attributable to parent:2381941655813015294

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.

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: