How do you interpret health plans — intangible assets net including goodwill?

A high value relative to total assets suggests a business model heavily reliant on acquired market position and intangible relationships.

How does health plans — intangible assets net including goodwill compare across companies?

Standard balance sheet metric for companies that grow through acquisition.

Molina Healthcare MOH Health Plans — Intangible Assets Net Including Goodwill

Discontinued — last reported Q4 '19

Similar metrics at other companies

RVTYHuman Health — Intangible Assets Net Excluding Goodwill

$297.57M+9.1%

GLHealth — Goodwill

$180.84M0.0%

ACGLOperating Segments — Intangible Assets Net Including Goodwill

$585.36M-17.0%

KMBHealth Care — Goodwill

$0—

SUIMH — Other intangible assets, net

$10.6M+11.6%

PEA

PEAKSenior Housing Operating Portfolio — Intangible Assets Net Excluding Goodwill

——

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

See full

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

See full

Operating cash flow$1.1B+469%

CapEx$27.0M+22.7%

Free cash flow$1.1B+528%

Valuation

See full

Market cap$10.18B-61.5%

Enterprise value$8.81B-67.1%

P/E15.8×-7.6×

P/S0.2×-0.4×

Profitability

See full

Gross margin12.9%-2.4pp

Operating margin3%-1.2pp

Net margin2%-0.9pp

FCF margin0.6%—

Returns & leverage

See full

Return on equity19.7%-6.7pp

Debt / equity1×+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:IntangibleAssetsNetIncludingGoodwill.

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

Questions, answered.

What does health plans — intangible assets net including goodwill mean?: The total net value of all non-physical assets, including goodwill, owned by the health plans segment.
How do you interpret health plans — intangible assets net including goodwill?: A high value relative to total assets suggests a business model heavily reliant on acquired market position and intangible relationships.
How does health plans — intangible assets net including goodwill compare across companies?: Standard balance sheet metric for companies that grow through acquisition.