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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments334655709602438480379
Cash and cash equivalents 272399305115255203
Short-term investments334383311297322224176
Restricted cash and investments185   134379 
Receivables890756661607429354238
Inventory, net of allowances, customer advances and progress billings45414159513950
Inventory45414159513950
Other current assets78957252475248
Other undisclosed current assets140    (136)274
Total current assets:1,6731,5471,4831,3191,0981,168989
Noncurrent Assets
Property, plant and equipment138151159173175172172
Long-term investments and receivables11317844332
Long-term investments11317844332
Intangible assets, net (including goodwill)1,1861,2501,275928755700558
Goodwill1,0181,0181,006742621566488
Intangible assets, net (excluding goodwill)16723226818613313470
Restricted cash and investments     43 
Deferred income tax assets2
Other noncurrent assets8325231311127
Deferred tax assets, net   27  
Other undisclosed noncurrent assets 313 (43) 
Total noncurrent assets:1,4191,4321,4741,124971927770
TOTAL ASSETS:3,0922,9792,9572,4442,0692,0941,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities372303314374264266218
Accounts payable88727496866443
Accrued liabilities284231194202140155135
Employee-related liabilities  4676384740
Deferred revenue7
Debt42411340419163
Business combination, contingent consideration, liability 879928
Contract with customer, liability17
Other undisclosed current liabilities527546459306350296256
Total current liabilities:9108998921,093724586476
Noncurrent Liabilities
Long-term debt and lease obligation, including:67972974121523825624
Finance lease, liability14
Capital lease obligations     24
Operating lease, liability45
Other undisclosed long-term debt and lease obligation620729741215238256 
Liabilities, other than long-term debt43321616139374
Deferred revenue11
Contract with customer, liability13
Deferred tax liabilities, net    3142
Deferred income tax liabilities17
Liability for uncertainty in income taxes15161414131232
Business combination, contingent consideration, liability 222150
Other undisclosed noncurrent liabilities62343116212018
Total noncurrent liabilities:784795788246273369116
Total liabilities:1,6941,6941,6811,339997955592
Temporary equity, carrying amount   56611
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3981,2851,2761,1001,0661,1341,156
Common stock111    
Treasury stock, value(1,465)(1,461)(1,398)(1,376)(1,269)(1,065)(867)
Additional paid in capital1,3871,3271,2751,1861,1241,018922
Accumulated other comprehensive income (loss)0(0)(0)(0)(0)(0)(0)
Retained earnings1,4751,4191,3991,2891,2111,1801,100
Other undisclosed stockholders' equity attributable to parent   1110
Total stockholders' equity:1,3981,2851,2761,1001,0661,1341,156
TOTAL LIABILITIES AND EQUITY:3,0922,9792,9572,4442,0692,0941,759

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,1597,3145,8394,8374,5973,7603,546
Revenue, net3,3042,8033,0422,9363,061
Cost of revenue
(Cost of Goods and Services Sold)
(1,899)(2,283)(2,212)(1,819)(1,322)(733)(456)
Other undisclosed gross profit(5,008)(4,803)(3,316)(2,716)(3,000)(2,760)(2,831)
Gross profit:253228311302276267259
Operating expenses   (5) (43)(11)
Operating income:253228311297276224249
Nonoperating expense
(Investment Income, Nonoperating)
     (5)(9)
Interest and debt expense(36)(35)(26)(10)(7)(7)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(136)(149)(150)(141)(198)(94)(72)
Income from continuing operations before income taxes:814313514671118165
Income tax expense(25)(19)(25)(70)(42)(44)(40)
Net income:5624110762974125
Net income attributable to noncontrolling interest  0235 
Net income available to common stockholders, diluted:5624110783179125

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:5624110762974125
Other comprehensive income (loss)00(0)0(0)(0)(0)
Comprehensive income:5624110762974125
Comprehensive income, net of tax, attributable to noncontrolling interest  0235 
Comprehensive income, net of tax, attributable to parent:5624110783179125

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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