How do you interpret reportable legal entities — income taxes receivable?

A high balance indicates significant overpayment of taxes, which may be recovered as cash in the future.

How does reportable legal entities — income taxes receivable compare across companies?

Standard tax asset reporting for corporate subsidiaries.

Molina Healthcare MOH Reportable Legal Entities — Income Taxes Receivable

Discontinued — last reported Q4 '17

Similar metrics at other companies

RSReportable Legal Entities — Income Taxes Receivable

$46.1M—

KHCReportable Legal Entities — Income Taxes Receivable

$1.81B—

MUSAReportable Legal Entities — Deferred Income Tax Liabilities Net

$165.7M—

MUSAReportable Legal Entities — Accrued Income Taxes Current

$0-100%

RSReportable Legal Entities — Deferred Tax Liabilities Current

$75.1M—

TPX

TPXReportable Legal Entities — Income Taxes Receivable

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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 / 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:IncomeTaxesReceivable.

The official record: Molina Healthcare’s 10-K, filed March 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does reportable legal entities — income taxes receivable mean?: The amount of tax overpayments that a specific business unit expects to get back from the government.
How do you interpret reportable legal entities — income taxes receivable?: A high balance indicates significant overpayment of taxes, which may be recovered as cash in the future.
How does reportable legal entities — income taxes receivable compare across companies?: Standard tax asset reporting for corporate subsidiaries.