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Molina Healthcare MOH Health Care Premium — Cost of Goods Sold

Discontinued — last reported Q4 '19

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Other financials

Income statement

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Revenue$10.8B-3.1%
Gross profit$1.5B-8.5%
Operating income$83.0M-80.8%
Net income$14.0M-95.3%
EPS (diluted)$0.27-95.0%

Balance sheet

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Cash & equivalents$5.3B+9.4%
Total debt$3.9B+4.8%
Total equity$4.1B-5.3%
Total assets$16.4B0.0%

Cash flow

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Operating cash flow$1.1B+469%
CapEx$27.0M+22.7%
Free cash flow$1.1B+528%

Valuation

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Market cap$10.18B-61.5%
Enterprise value$8.81B-67.1%
P/E15.8×-7.6×
P/S0.2×-0.4×

Profitability

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Gross margin12.9%-2.4pp
Operating margin3%-1.2pp
Net margin2%-0.9pp
FCF margin0.6%

Returns & leverage

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Return on equity19.7%-6.7pp
Debt / equity+0.1×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Molina Healthcare in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Molina Healthcare’s 10-K, filed February 14, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does health care premium — cost of goods sold mean?
The total direct medical expenses paid by the health plan to provide healthcare services to its members.
How do you interpret health care premium — cost of goods sold?
An increase relative to premiums suggests rising medical costs or less effective care management, while a decrease may indicate improved medical cost control or changes in member health acuity.
How does health care premium — cost of goods sold compare across companies?
Comparable to Medical Claims Expense or Medical Loss Ratio components at other managed care organizations like Centene or UnitedHealth.