Molina Healthcare, Inc. (MOH)

Molina Healthcare Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	37,006	32,529	30,883	26,855	18,299	16,208
Total Interest & Dividend Income	456	404	149	42	59	115
Gain (Loss) on Sale of Investments	-1	-10	-6	10	-	-
Other Revenue	83	80	75	77	17	17
Total Revenue	37,544	33,003	31,101	26,984	18,375	16,340
Revenue Growth (YoY)	15.51%	6.12%	15.26%	46.85%	12.45%	-9.94%
Policy Benefits	32,879	28,669	27,175	23,704	15,820	13,905
Depreciation & Amortization	181	171	176	131	88	89
Selling, General & Administrative	2,601	2,343	2,208	1,996	1,423	1,257
Other Operating Expenses	77	87	54	61	37	6
Total Operating Expenses	35,853	31,385	29,716	25,964	17,425	15,296
Operating Income	1,691	1,618	1,385	1,020	950	1,044
Interest Expense	-111	-109	-110	-120	-102	-87
Other Non Operating Income (Expenses)	-	-	-	-25	-	-
EBT Excluding Unusual Items	1,580	1,509	1,275	875	848	957
Merger & Restructuring Charges	-7	-4	-	-	-	-
Asset Writedown	-	-	-208	-	-	-
Legal Settlements	-	-	-	-	128	-
Other Unusual Items	-41	-41	-4	-	-15	15
Pretax Income	1,532	1,464	1,063	875	961	972
Income Tax Expense	388	373	271	216	288	235
Earnings From Continuing Ops.	1,144	1,091	792	659	673	737
Net Income	1,144	1,091	792	659	673	737
Net Income to Common	1,144	1,091	792	659	673	737
Net Income Growth	22.88%	37.75%	20.18%	-2.08%	-8.68%	4.24%
Shares Outstanding (Basic)	58	58	58	58	59	62
Shares Outstanding (Diluted)	58	58	59	59	60	64
Shares Change (YoY)	-0.17%	-0.68%	-0.17%	-2.17%	-6.70%	-3.60%
EPS (Basic)	19.80	18.91	13.70	11.40	11.41	11.85
EPS (Diluted)	19.66	18.77	13.55	11.25	11.23	11.47
EPS Growth	22.65%	38.52%	20.44%	0.18%	-2.09%	8.11%
Free Cash Flow	94	1,578	682	2,042	1,824	377
Free Cash Flow Per Share	1.62	27.16	11.66	34.85	30.45	5.87
Operating Margin	4.50%	4.90%	4.45%	3.78%	5.17%	6.39%
Profit Margin	3.05%	3.31%	2.55%	2.44%	3.66%	4.51%
Free Cash Flow Margin	0.25%	4.78%	2.19%	7.57%	9.93%	2.31%
EBITDA	1,814	1,731	1,507	1,110	1,000	1,100
EBITDA Margin	4.83%	5.24%	4.85%	4.11%	5.44%	6.73%
D&A For EBITDA	123	113	122	90	50	56
EBIT	1,691	1,618	1,385	1,020	950	1,044
EBIT Margin	4.50%	4.90%	4.45%	3.78%	5.17%	6.39%
Effective Tax Rate	25.33%	25.48%	25.49%	24.69%	29.97%	24.18%
Revenue as Reported	39,199	34,072	31,974	27,771	19,423	16,829

Source: S&P Capital IQ. Insurance template. Financial Sources.