MOLINA HEALTHCARE, INC. MOH Cash Flow

Molina healthcare, inc. (MOH)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities:
Net income
717,000	737,000	770,000	792,000	798,000	707,000	244,000	-50,000	-482,000	-512,000	-297,000	-158,000	105,000	52,000	129,000	133,000	139,000	143,000	146,569	116,691	85,502	62,000	19,376	10,823	27,583	53,000	87,698	83,493	21,616	9,790	-48,813	-33,227	21,519	20,818	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
84,000	89,000	91,000	101,000	115,000	127,000	143,000	155,000	166,000	178,000	186,000	189,000	187,000	182,000	168,000	153,000	137,000	126,000	127,536	130,346	134,006	134,000	125,429	115,747	105,195	94,000	88,510	84,661	82,224	78,764	80,258	77,791	74,628	74,383	0	0	0
Deferred income taxes
-9,000	-10,000	-33,000	-19,000	-15,000	6,000	58,000	59,000	95,000	94,000	66,000	58,000	13,000	-22,000	-25,000	-25,000	-22,000	7,000	3,295	-3,308	330	2,000	4,263	8,153	32,654	32,000	48,852	30,778	18,166	9,887	-6,290	-15,411	-20,480	-13,836	0	0	0
Share-based compensation
42,000	39,000	36,000	33,000	30,000	27,000	28,000	24,000	46,000	46,000	40,000	45,000	25,000	26,000	31,000	30,000	24,000	23,000	21,885	20,544	22,404	22,000	24,461	27,306	30,175	29,000	25,224	22,356	19,773	20,018	19,777	18,490	17,654	17,052	0	0	0
Gain on debt repayment
12,000	15,000	18,000	10,000	-9,000	-22,000	-39,000	-29,000	-24,000	-14,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash restructuring charges
-	-	-	-	-	17,000	28,000	77,000	77,000	60,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium/discount on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-7,108	-7,418	-7,448	-7,242	0	0	0
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,192	2,326	2,573	2,818	0	0	0
Change in fair value of derivatives, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-
Change in fair value of contingent consideration liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Gain on disposal of property and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Tax deficiency from employee stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	226	275	481	714	0	0	0
Gain on sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Amortization of convertible senior notes and lease financing obligations
-	-	-	-	-	22,000	26,000	29,000	31,000	32,000	32,000	32,000	31,000	31,000	31,000	30,000	31,000	30,000	28,805	28,545	27,326	27,000	27,067	26,767	25,951	23,000	17,656	12,715	8,222	5,942	5,831	5,716	5,615	5,512	0	0	0
Other, net
-14,000	-5,000	-7,000	3,000	8,000	4,000	14,000	18,000	20,000	21,000	15,000	12,000	13,000	16,000	20,000	21,000	22,000	19,000	16,125	14,277	11,548	7,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Receivables
244,000	76,000	-27,000	124,000	476,000	530,000	376,000	180,000	-52,000	-103,000	-51,000	-35,000	114,000	348,000	348,000	324,000	315,000	-56,000	194,252	158,421	153,703	298,000	131,463	259,485	187,728	149,000	137,058	52,769	-72,003	-18,216	-5,930	19,756	73,392	-352	0	0	0
Prepaid expenses and other current assets
221,000	-28,000	-117,000	-205,000	-265,000	-6,000	120,000	199,000	283,000	56,000	6,000	-36,000	-121,000	69,000	88,000	81,000	100,000	35,000	31,418	50,113	78,977	20,000	47,030	67,031	92,067	23,000	25,936	21,462	12,274	8,958	5,447	4,264	-5,737	-3,308	0	0	0
Medical claims and benefits payable
-14,000	-107,000	-68,000	-153,000	-29,000	-226,000	-430,000	-152,000	103,000	263,000	607,000	292,000	-32,000	226,000	291,000	272,000	489,000	482,000	435,941	568,605	629,246	531,000	490,883	458,438	328,139	175,000	96,243	-60,051	35,312	92,054	175,408	183,925	104,451	48,120	0	0	0
Amounts due government agencies
-155,000	-303,000	-418,000	-762,000	-781,000	-574,000	-292,000	-96,000	140,000	341,000	92,000	606,000	665,000	473,000	252,000	413,000	288,000	202,000	582,225	648,128	521,735	470,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued liabilities and other
279,000	2,000	-316,000	-365,000	-304,000	45,000	296,000	355,000	257,000	-12,000	85,000	-169,000	-159,000	-4,000	51,000	73,000	100,000	84,000	71,384	111,375	141,048	11,000	-14,375	107,593	123,799	33,000	38,099	14,092	11,027	8,078	-6,498	-11,489	-6,222	2,778	0	0	0
Deferred revenue
-164,000	38,000	30,000	-160,000	-155,000	-21,000	-242,000	-44,000	-50,000	-34,000	88,000	179,000	367,000	92,000	310,000	43,000	-79,000	24,000	-123,640	12,271	23,940	74,000	66,050	-422	10,054	-20,000	-18,913	-130,424	40,314	90,851	58,800	79,197	-26,227	-8,154	0	0	0
Income taxes
2,000	-15,000	-63,000	-79,000	16,000	51,000	124,000	141,000	3,000	-16,000	-80,000	-46,000	57,000	-26,000	-20,000	-33,000	-48,000	-22,000	46,937	26,984	39,358	42,000	-12,925	-31,960	-42,782	-39,000	39,038	46,885	30,259	18,172	-27,776	-37,021	-23,088	-24,855	0	0	0
Net cash provided by operating activities
314,000	427,000	275,000	-472,000	-459,000	-314,000	-344,000	446,000	479,000	804,000	997,000	1,067,000	1,253,000	673,000	852,000	755,000	710,000	1,125,000	1,124,802	1,472,540	1,403,103	1,060,000	919,454	537,208	380,793	190,000	195,504	53	317,313	347,784	334,256	346,480	191,847	225,395	0	0	0
Investing activities:
Purchases of investments
2,929,000	2,536,000	2,180,000	1,692,000	1,240,000	1,444,000	2,005,000	1,975,000	2,353,000	2,697,000	2,379,000	2,591,000	2,051,000	1,929,000	2,056,000	1,904,000	2,096,000	1,923,000	1,647,676	1,577,696	1,248,855	953,000	758,371	606,153	836,133	770,000	699,925	694,240	294,250	306,437	322,224	306,669	329,183	345,968	0	0	0
Proceeds from sales and maturities of investments
2,429,000	2,302,000	2,265,000	1,901,000	2,268,000	2,445,000	2,293,000	2,220,000	1,869,000	1,759,000	1,990,000	2,028,000	2,051,000	1,966,000	1,775,000	1,397,000	1,219,000	1,126,000	1,022,164	847,352	740,630	633,000	646,036	577,228	471,723	400,000	312,141	310,654	307,886	298,006	289,919	318,005	307,159	302,667	0	0	0
Purchases of property, equipment and capitalized software
72,000	57,000	36,000	36,000	32,000	30,000	25,000	40,000	64,000	86,000	118,000	134,000	156,000	176,000	174,000	168,000	153,000	132,000	144,229	143,330	122,212	115,000	105,345	100,441	104,621	98,000	90,023	80,073	75,807	78,145	67,208	63,016	59,145	60,581	0	0	0
Increase in restricted investments held-to-maturity
-	-	-	-	-	-	-	-	-	-	-	-	-3,000	-	-3,000	-13,000	5,000	6,000	14,699	32,378	24,619	34,000	22,177	21,788	22,365	19,000	20,737	13,327	13,170	2,647	-1,296	-2,012	-2,650	4,064	0	0	0
Proceeds from sale of subsidiary, net of cash surrendered
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Net cash paid in business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	48,000	421,000	450,000	444,000	450,000	113,500	52,000	52,000	44,000	11,816	62,000	62,000	62,000	0	0	0	-	-	-	-	84,253	0	0	0
Other, net
-5,000	2,000	-3,000	11,000	17,000	18,000	28,000	23,000	37,000	38,000	40,000	37,000	26,000	19,000	13,000	24,000	27,000	35,000	41,780	32,612	29,453	23,000	11,191	-6,624	-5,861	-6,000	6,777	17,152	11,474	13,523	6,140	8,471	3,345	1,898	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Change in deferred contract costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	28,864	49,480	46,188	42,830	0	0	0
Net cash (used in) provided by investing activities
-567,000	-293,000	242,000	352,000	1,169,000	1,143,000	235,000	182,000	-580,000	-1,062,000	-551,000	-779,000	-229,000	-206,000	-886,000	-1,136,000	-1,506,000	-1,420,000	-939,720	-990,664	-736,509	-536,000	-262,864	-213,524	-549,291	-543,000	-544,206	-464,089	-72,066	-93,584	-205,059	-179,457	-199,890	-236,927	0	0	0
Financing activities:
Proceeds from borrowings under term loan facility
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60,000	0	0	0	-	-	-	-
Purchase of call option
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149,000	149,331	149,331	149,331	0	0	0	0	-	-	-	-
Proceeds from issuance of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75,000	75,074	75,074	75,074	0	0	0	0	-	-	-	-
Contingent consideration liabilities settled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,000	53,000	53,000	53,000	3,000	0	0	0	-	-	-	-
Cash paid for financing transaction fees
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from senior notes offerings, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	538,000	537,973	537,973	537,973	0	0	0	0	-	-	-	-
Proceeds from borrowings under term loan facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Warrants
441,000	514,000	644,000	860,000	652,000	549,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of principal amount of 1.125% Convertible Notes
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for partial settlement of conversion option
490,000	578,000	724,000	962,000	738,000	623,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received for partial settlement of call option
490,000	578,000	724,000	962,000	738,000	623,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of principal amount of convertible senior notes
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,000	47,754	48,027	1,119	1,129	0	0	0	-	-	-	-
Repayment of amount borrowed under credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,000	40,000	50,000	60,000	20,000	0	0	0	-	-	-	-
Proceeds from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	19,000	-	20,000	20,000	17,000	18,000	14,372	14,383	13,670	14,000	11,472	11,765	10,095	9,000	7,790	7,572	5,692	8,205	7,278	7,192	7,633	7,347	0	0	0
Excess tax benefits from employee stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,759	3,762	4,167	1,651	0	0	0
Other, net
25,000	29,000	35,000	46,000	24,000	18,000	11,000	2,000	8,000	11,000	25,000	26,000	15,000	19,000	3,000	3,000	3,000	5,000	2,883	3,936	5,143	2,000	3,754	3,064	2,857	2,000	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-622,000	-552,000	-691,000	-1,052,000	-1,236,000	-1,193,000	-1,008,000	-200,000	632,000	636,000	640,000	341,000	16,000	19,000	712,000	712,000	1,082,000	1,085,000	380,217	504,668	119,932	79,000	85,325	-39,128	82,231	493,000	489,778	479,614	406,541	47,743	98,791	100,856	61,974	49,473	0	0	0
Net (decrease) increase in cash, cash equivalents, and restricted cash and cash equivalents
-875,000	-418,000	-174,000	-1,172,000	-526,000	-364,000	-1,117,000	428,000	531,000	378,000	1,086,000	629,000	1,040,000	486,000	678,000	331,000	286,000	790,000	565,299	986,544	786,526	603,000	741,915	284,556	-86,267	140,000	141,076	15,578	651,788	301,943	227,988	267,879	53,931	37,941	0	0	0
Supplemental cash flow information:
Cash paid during the period for:
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	95,000	66,448	35,699	9,021	-4,634	12,187	24,874	41,652	54,663	0	0	0
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,000	32,471	27,313	26,365	10,099	12,036	11,733	11,929	11,399	0	0	0
Schedule of non-cash investing and financing activities:
Common stock issued in exchange for convertible senior notes
-	-	-	-	-	131,000	324,000	324,000	324,000	193,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Component of convertible senior notes allocated to additional paid-in capital, net of income taxes
-	-	-	-	-	-23,000	-55,000	-55,000	-55,000	-32,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase to additional paid-in capital
-	-	-	-	-	108,000	269,000	269,000	269,000	161,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,000	53,000	53,000	53,000	0	0	0	0	-	-	-	-
Increase in non-cash lease financing obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	21,619	39,447	34,775	27,000	0	0	0	-	-	-	-	-	-	-	-
Common stock used for share-based compensation
7,000	7,000	7,000	7,000	8,000	6,000	7,000	7,000	21,000	22,000	21,000	22,000	7,000	8,000	14,000	13,000	13,000	15,000	9,405	9,547	9,783	9,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of assets acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	186,000	506,000	520,000	523,000	389,000	113,500	52,000	52,000	52,000	0	0	0	-	-	-	-	0	0	0	0	-	-	-	-
Fair value of liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Payable to seller
-	-	-	-	-	-	-	-	-	-	-	-	-	8,000	16,000	29,000	38,000	0	0	0	0	8,000	0	0	0	-	-	-	-	0	0	0	0	-	-	-	-
Amounts advanced for acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	102,000	0	0	0	-102,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash paid in business combinations
-	-	-	-	-	-	-	-	-	-	-	-	-	48,000	421,000	450,000	444,000	450,000	113,500	52,000	52,000	44,000	11,816	62,000	62,000	62,000	0	0	0	-	-	-	-	84,253	0	0	0
Common stock used for stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0
Details of change in fair value of derivatives, net:
Change in fair value of derivatives, net
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-8	-10	-2	0	-609	-606	-4,117	-4,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of subsidiary, net of cash surrendered
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
1.125% Call Option
Change in fair value of derivatives, net
-25,000	132,000	380,000	608,000	669,000	577,000	418,000	217,000	404,000	255,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Embedded Derivative Financial Instruments [Member]
Change in fair value of derivatives, net
25,000	-132,000	-380,000	-608,000	-669,000	-577,000	-418,000	-217,000	-404,000	-255,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-