Magellan Health, Inc. (MGLN) financial statements (2021 and earlier)

Company profile

Business Address 4801 E. WASHINGTON ST
PHOENIX, AZ 85034
State of Incorp. DE
Fiscal Year End December 31
SIC 806 - Hospitals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments141334655709602438480
Cash and cash equivalents  272399305115255
Short-term investments141334383311297322224
Restricted cash and investments93185   134379
Receivables744890756661607429354
Inventory, net of allowances, customer advances and progress billings43454141595139
Inventory43454141595139
Other current assets84789572524752
Other undisclosed current assets1,052140    (136)
Total current assets:2,1561,6731,5471,4831,3191,0981,168
Noncurrent Assets
Finance lease, right-of-use asset12 
Operating lease, right-of-use asset24 
Property, plant and equipment 138151159173175172
Long-term investments and receivables3113178443
Long-term investments3113178443
Intangible assets, net (including goodwill)9531,1861,2501,275928755700
Goodwill8741,0181,0181,006742621566
Intangible assets, net (excluding goodwill)80167232268186133134
Restricted cash and investments      43
Deferred income tax assets22
Other noncurrent assets109832523131112
Deferred tax assets, net   27 
Other undisclosed noncurrent assets101 313 (43)
Total noncurrent assets:1,2031,4191,4321,4741,124971927
TOTAL ASSETS:3,3603,0922,9792,9572,4442,0692,094
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities656372303314374264266
Accounts payable137887274968664
Accrued liabilities355284231194202140155
Employee-related liabilities107  46763847
Taxes payable57      
Deferred revenue77
Debt74241134041916
Business combination, contingent consideration, liability  879928
Contract with customer, liability17
Other undisclosed current liabilities69527546459306350296
Total current liabilities:7389108998921,093724586
Noncurrent Liabilities
Long-term debt and lease obligation, including:632679729741215238256
Finance lease, liability1214
Operating lease, liability2545
Other undisclosed long-term debt and lease obligation595620729741215238256
Liabilities, other than long-term debt29433216161393
Deferred revenue1111
Contract with customer, liability13
Deferred tax liabilities, net    31
Deferred income tax liabilities717
Liability for uncertainty in income taxes11151614141312
Business combination, contingent consideration, liability  222150
Other undisclosed noncurrent liabilities58623431162120
Total noncurrent liabilities:719784795788246273369
Total liabilities:1,4571,6941,6941,6811,339997955
Temporary equity, carrying amount33   566
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8701,3981,2851,2761,1001,0661,134
Common stock1111   
Treasury stock, value(1,465)(1,465)(1,461)(1,398)(1,376)(1,269)(1,065)
Additional paid in capital1,4771,3871,3271,2751,1861,1241,018
Accumulated other comprehensive income (loss)(0)0(0)(0)(0)(0)(0)
Retained earnings1,8571,4751,4191,3991,2891,2111,180
Other undisclosed stockholders' equity attributable to parent    111
Total stockholders' equity:1,8701,3981,2851,2761,1001,0661,134
TOTAL LIABILITIES AND EQUITY:3,3603,0922,9792,9572,4442,0692,094

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,5787,1597,3145,8394,8374,5973,760
Revenue, net3,3042,8033,0422,936
Cost of revenue
(Cost of Goods and Services Sold)
(2,181)(1,899)(2,283)(2,212)(1,819)(1,322)(733)
Other undisclosed gross profit(2,253)(5,008)(4,803)(3,316)(2,716)(3,000)(2,760)
Gross profit:144253228311302276267
Operating expenses    (5) (43)
Operating income:144253228311297276224
Nonoperating expense
(Investment Income, Nonoperating)
      (5)
Interest and debt expense(31)(36)(35)(26)(10)(7)(7)
Other undisclosed loss from continuing operations before equity method investments, income taxes(154)(136)(149)(150)(141)(198)(94)
Income (loss) from continuing operations before income taxes:(40)814313514671118
Income tax expense (benefit)45(25)(19)(25)(70)(42)(44)
Income from continuing operations:45624110762974
Income from discontinued operations348      
Income before gain (loss) on sale of properties:3525624110762974
Other undisclosed net income30      
Net income:3825624110762974
Net income attributable to noncontrolling interest   0235
Net income available to common stockholders, diluted:3825624110783179

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3825624110762974
Other comprehensive income (loss)(0)00(0)0(0)(0)
Comprehensive income:3825624110762974
Comprehensive income, net of tax, attributable to noncontrolling interest   0235
Comprehensive income, net of tax, attributable to parent:3825624110783179

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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