WellCare Health Plans, Inc. (WCG) financial statements (2020 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
TTM
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 investments 4,4844,6684,0862,6111,4861,797
Cash and cash equivalents 3,6544,1993,9612,4071,3141,483
Short-term investments 830470124204173315
Receivables 461335278253  
Prepaid expense     4758
Other current assets     6738
Other undisclosed current assets 1,8888167561,4051,927800
Total current assets: 6,8325,8195,1204,2693,5262,693
Noncurrent Assets
Property, plant and equipment 428320275245187147
Long-term investments and receivables 8137665713225780
Long-term investments 8137665713225780
Intangible assets, net (including goodwill) 3,2241,029467343364303
Goodwill 2,228661393263263237
Intangible assets, net (excluding goodwill) 996368748010167
Restricted cash and investments 23521123419615083
Disposal group, including discontinued operation, noncurrent assets 214215   
Other noncurrent assets 1951910144
Total noncurrent assets: 4,9322,5451,033925969758
TOTAL ASSETS: 11,7658,3656,1535,1944,4953,451
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   3 316210
Accounts payable     1922
Accrued liabilities     295188
Taxes payable   3 2 
Debt    300  
Provision for loss on contracts 1646    
Other undisclosed current liabilities 5,0004,3983,0532,1421,6201,027
Total current liabilities: 5,0164,4433,0562,4421,9361,237
Noncurrent Liabilities
Long-term debt and lease obligation, including: 2,1261,182998912900600
Long-term debt, excluding current maturities 2,1261,182998   
Other undisclosed long-term debt and lease obligation    912900600
Liabilities, other than long-term debt 249229991126362
Deferred tax liabilities, net  63874855
Disposal group, including discontinued operation, liabilities 214215    
Other liabilities 35143624156
Other undisclosed noncurrent liabilities 13493   34
Total noncurrent liabilities: 2,5091,5051,0971,024963696
Total liabilities: 7,5255,9484,1533,4652,8991,933
Stockholders' equity
Stockholders' equity attributable to parent 4,2402,4172,0001,7281,5961,518
Common stock 100000
Additional paid in capital 1,981592547518503489
Accumulated other comprehensive loss (9)(3)(1)(2)(1)(1)
Retained earnings 2,2671,8281,4541,2121,0931,029
Total stockholders' equity: 4,2402,4172,0001,7281,5961,518
TOTAL LIABILITIES AND EQUITY: 11,7658,3656,1535,1944,4953,451

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 20,41417,00714,23713,89012,9609,528
Premiums earned, net 20,146
Financial services revenue16,96014,22113,87512,9169,509
Cost of revenue
(Cost of Goods and Services Sold)
 (149)     
Other undisclosed gross profit    (12,221)(11,637)(8,277)
Gross profit: 20,26617,00714,2371,6691,3231,251
Operating expenses (19,716)(16,538)(13,708)(13,554)(12,812)(9,247)
Other operating income, net
(Other Expenses)
     1,219988
Other undisclosed operating income 149  12,22110,4197,289
Operating income: 698469530336148281
Interest and debt expense (88)(26)(59)(54)(39)(15)
Other undisclosed income from continuing operations before equity method investments, income taxes 88     
Income from continuing operations before equity method investments, income taxes: 698443470282109266
Income (loss) from equity method investments (6)19    
Other undisclosed income from continuing operations before income taxes   59546912
Income from continuing operations before income taxes: 693462530336178278
Income tax expense (253)(88)(287)(218)(114)(103)
Net income available to common stockholders, diluted: 44037424211964175

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 44037424211964175
Other undisclosed comprehensive income (loss) (6)(2)1(2)1(1)
Comprehensive income, net of tax, attributable to parent: 43437224311764175

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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