$MOH

MOLINA HEALTHCARE INC

CIK:0001179929|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue:
Premium revenue	$ 10,244	$ 10,868	$ 20,416	$ 21,496
Premium tax revenue	505	431	1,009	819
Investment income	101	106	199	214
Other revenue	24	22	46	45
Total revenue	10,874	11,427	21,670	22,574
Operating expenses:
Medical care costs	9,440	9,829	18,710	19,308
General and administrative expenses	724	711	1,503	1,485
Premium tax expenses	505	431	1,009	819
Depreciation and amortization	40	58	79	106
Impairment	0	0	93	0
Other	20	25	48	50
Total operating expenses	10,729	11,054	21,442	21,768
Operating income	145	373	228	806
Interest expense	54	48	108	91
Income before income tax expense	91	325	120	715
Income tax expense	31	70	46	162
Net income	$ 60	$ 255	$ 74	$ 553
Net income per share - Basic (in dollars per share)	$ 1.19	$ 4.75	$ 1.46	$ 10.23
Net income per share - Diluted (in dollars per share)	$ 1.19	$ 4.75	$ 1.46	$ 10.19

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities:
Net income	$ 74	$ 553
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	79	106
Deferred income taxes	(41)	22
Share-based compensation	59	30
Impairment	93	0
Other, net	(2)	0
Changes in operating assets and liabilities:
Receivables	48	(466)
Prepaid expenses and other current assets	9	10
Medical claims and benefits payable	(46)	(50)
Amounts due government agencies	325	(81)
Accounts payable, accrued liabilities and other	66	(301)
Deferred revenue	3	(59)
Income taxes	121	124
Net cash provided by (used in) operating activities	788	(112)
Investing activities:
Purchases of investments	(626)	(421)
Proceeds from sales and maturities of investments	672	717
Net cash paid in business combinations	0	(245)
Purchases of property, equipment and capitalized software	(57)	(64)
Other, net	(8)	18
Net cash (used in) provided by investing activities	(19)	5
Financing activities:
Proceeds from borrowings under credit facility and term loans	0	650
Common stock purchases	0	(500)
Repayment of credit facility and term loans	0	(200)
Common stock withheld to settle employee tax obligations	(14)	(36)
Other, net	(10)	44
Net cash used in financing activities	(24)	(42)
Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents	745	(149)
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period	4,348	4,741
Cash, cash equivalents, and restricted cash and cash equivalents at end of period	$ 5,093	$ 4,592

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 4,985	$ 4,248
Investments	3,930	4,008
Receivables	3,485	3,533
Prepaid expenses and other current assets	528	655
Total current assets	12,928	12,444
Property, equipment, and capitalized software, net	311	301
Goodwill, and intangible assets, net	2,082	2,195
Restricted investments	313	299
Deferred income taxes, net	229	178
Other assets	140	147
Total assets	16,003	15,564
Current liabilities:
Medical claims and benefits payable	4,841	4,887
Amounts due government agencies	1,651	1,326
Accounts payable, accrued liabilities and other	1,139	1,093
Deferred revenue	69	66
Total current liabilities	7,700	7,372
Long-term debt	3,769	3,766
Finance lease liabilities	184	184
Other long-term liabilities	179	173
Total liabilities	11,832	11,495
Stockholders’ equity:
Common stock, $0.001 par value, 150 million shares authorized; outstanding: 52 million shares at June 30, 2026 and $51 million at December 31, 2025	0	0
Preferred stock, $0.001 par value; 20 million shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	511	452
Accumulated other comprehensive (loss) income	(16)	15
Retained earnings	3,676	3,602
Total stockholders’ equity	4,171	4,069
Total liabilities and stockholders’ equity	$ 16,003	$ 15,564