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Molina Healthcare MOH Medical care costs — Cost of revenue

Discontinued — last reported Q4 '20

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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 16, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does medical care costs — cost of revenue mean?
The total amount spent on providing medical care and services to health plan members.
How do you interpret medical care costs — cost of revenue?
An increase in medical care costs relative to premium revenue indicates a higher medical loss ratio, which may signal rising healthcare utilization, higher provider reimbursement rates, or challenges in medical cost management. A decrease suggests improved efficiency in managing care delivery or favorable changes in the underlying health risk profile of the member population.
How does medical care costs — cost of revenue compare across companies?
This is a standard metric across the managed care industry, often compared to peers via the Medical Loss Ratio (MLR), which benchmarks these costs against total premium revenue to assess underwriting and operational performance.