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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,4844,6684,0862,6111,4861,7971,321
Cash and cash equivalents3,6544,1993,9612,4071,3141,4831,100
Short-term investments830470124204173315220
Receivables461335278253   
Prepaid expense    4758
Prepaid expense and other current assets96
Other current assets    6738
Other undisclosed current assets1,8888167561,4051,927800684
Total current assets:6,8325,8195,1204,2693,5262,6932,101
Noncurrent Assets
Property, plant and equipment428320275245187147132
Long-term investments and receivables813766571322578097
Long-term investments813766571322578097
Intangible assets, net (including goodwill)3,2241,029467343364303277
Goodwill2,228661393263263237224
Intangible assets, net (excluding goodwill)99636874801016753
Restricted cash and investments2352112341961508367
Disposal group, including discontinued operation, noncurrent assets214215   
Other noncurrent assets1951910144
Prepaid expense and other noncurrent assets2
Total noncurrent assets:4,9322,5451,033925969758575
TOTAL ASSETS:11,7658,3656,1535,1944,4953,4512,676
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  3 316210240
Accounts payable    192219
Accrued liabilities    295188221
Taxes payable  3 2  
Debt   300  15
Provision for loss on contracts1646     
Other undisclosed current liabilities5,0004,3983,0532,1421,6201,027859
Total current liabilities:5,0164,4433,0562,4421,9361,2371,113
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,1261,182998912900600120
Long-term debt, excluding current maturities2,1261,182998    
Other undisclosed long-term debt and lease obligation   912900600120
Liabilities, other than long-term debt24922999112636251
Deferred tax liabilities, net  6387485542
Disposal group, including discontinued operation, liabilities214215     
Other liabilities351436241569
Other undisclosed noncurrent liabilities13493   3468
Total noncurrent liabilities:2,5091,5051,0971,024963696239
Total liabilities:7,5255,9484,1533,4652,8991,9331,352
Stockholders' equity
Stockholders' equity attributable to parent4,2402,4172,0001,7281,5961,5181,323
Common stock1000000
Additional paid in capital1,981592547518503489469
Accumulated other comprehensive loss(9)(3)(1)(2)(1)(1)(1)
Retained earnings2,2671,8281,4541,2121,0931,029854
Total stockholders' equity:4,2402,4172,0001,7281,5961,5181,323
TOTAL LIABILITIES AND EQUITY:11,7658,3656,1535,1944,4953,4512,676

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues20,41417,00714,23713,89012,9609,5287,409
Premiums earned, net20,146
Financial services revenue16,96014,22113,87512,9169,5097,400
Cost of revenue
(Cost of Goods and Services Sold)
(149)      
Other undisclosed gross profit   (12,221)(11,637)(8,277)(6,313)
Gross profit:20,26617,00714,2371,6691,3231,2511,096
Operating expenses(19,716)(16,538)(13,708)(13,554)(12,812)(9,247)(7,113)
Other operating income, net
(Other Expenses)
    1,219988809
Other undisclosed operating income149  12,22110,4197,2895,504
Operating income:698469530336148281296
Interest and debt expense(88)(26)(59)(54)(39)(15)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes88      
Income from continuing operations before equity method investments, income taxes:698443470282109266292
Income (loss) from equity method investments(6)19     
Other undisclosed income from continuing operations before income taxes  595469124
Income from continuing operations before income taxes:693462530336178278296
Income tax expense(253)(88)(287)(218)(114)(103)(112)
Net income available to common stockholders, diluted:44037424211964175185

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:44037424211964175185
Other undisclosed comprehensive income (loss)(6)(2)1(2)1(1)1
Comprehensive income, net of tax, attributable to parent:43437224311764175186

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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