Wellcare health plans, inc. (WCG)
Balance Sheet / Yearly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Current Assets:
Cash and cash equivalents

2,567

2,990

3,235

3,653

4,306

5,098

4,824

4,198

4,878

4,031

5,610

3,961

3,878

2,524

2,391

2,407

1,423

1,339

1,172

1,313

1,550

1,114

1,658

1,482

1,390

1,195

1,378

1,100

1,062

1,150

1,444

1,325

1,787

1,255

1,232

1,359

1,091

980

1,158

Short-term investments

1,082

929

968

830

1,034

793

708

469

504

511

394

124

203

188

182

204

226

220

207

172

192

222

288

314

317

311

270

220

209

250

231

198

217

201

201

108

72

45

62

Premiums receivable, net

1,447

1,286

1,567

1,223

969

700

638

453

534

1,076

627

498

430

1,027

747

603

667

973

735

609

588

965

607

490

449

584

435

387

393

606

422

217

223

209

190

127

309

316

285

Pharmacy rebates receivable, net

434

447

550

460

494

433

380

335

343

341

272

278

292

339

396

252

322

315

408

358

323

291

235

165

145

127

120

126

121

133

-

109

-

-

-

-

-

-

-

Receivables from government partners

-

-

-

-

-

77

81

-

64

100

73

6

-

-

-

-

0

62

88

83

82

111

79

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funds receivable for the benefit of members

297

312

331

187

268

29

28

27

116

24

24

32

555

259

377

577

1,105

913

779

781

548

261

67

93

119

53

40

126

219

50

2

162

0

10

0

33

55

29

77

Deferred ACA industry fee

-

-

-

-

-

160

244

-

-

-

-

-

57

113

171

-

56

116

174

-

34

68

96

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

0

0

17

50

12

-

0

0

15

27

0

7

0

0

24

15

39

9

0

20

0

0

16

9

-

-

0

Prepaid expenses and other current assets, net

1,571

1,300

1,127

477

608

311

270

335

318

260

264

218

198

183

125

133

163

102

116

170

187

145

112

115

111

97

94

96

67

47

164

63

139

127

117

114

121

106

104

Deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

32

27

37

27

31

29

23

25

22

23

27

27

48

46

22

41

41

42

61

56

33

28

Total current assets

7,400

7,266

7,780

6,832

7,682

7,603

7,177

5,819

6,761

6,346

7,268

5,119

5,614

4,634

4,410

4,229

4,011

4,074

3,710

3,526

3,550

3,240

3,175

2,692

2,559

2,392

2,387

2,100

2,143

2,296

2,312

2,119

2,410

1,846

1,802

1,815

1,706

1,511

1,717

Property, equipment and capitalized software, net

477

472

424

428

384

331

317

319

316

291

273

274

249

243

244

244

240

220

211

187

162

154

152

147

144

143

139

131

123

117

105

98

87

78

75

76

68

65

61

Goodwill

2,265

2,213

2,206

2,227

1,753

677

661

660

648

651

377

392

289

290

263

263

263

263

263

263

263

244

244

236

236

236

238

223

111

111

111

111

111

111

111

111

111

111

111

Other intangible assets, net

856

959

986

996

1,326

346

357

367

378

384

94

74

76

81

77

80

82

95

98

101

104

98

121

66

68

70

72

53

8

8

9

9

10

10

11

11

11

12

12

Long-term investments

2,060

1,539

1,057

813

844

722

725

766

590

404

135

57

91

109

128

131

138

155

215

257

214

227

136

80

86

103

89

96

87

88

88

83

79

91

83

62

46

42

51

Restricted cash, cash equivalents and investments

317

285

274

234

234

229

213

211

213

213

192

234

203

202

194

196

194

198

162

150

150

145

94

82

82

80

67

67

66

66

60

60

64

68

105

107

124

131

130

Deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

52

55

58

69

81

29

Other assets

266

264

268

18

17

11

4

4

3

3

0

0

0

0

0

0

10

12

9

9

10

37

10

144

2

2

3

2

2

2

2

5

5

3

3

3

4

10

3

Assets of discontinued operations

217

204

207

213

215

213

214

215

216

218

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Assets

13,861

13,205

13,205

11,764

12,458

10,134

9,671

8,364

9,128

8,513

8,342

6,152

6,525

5,562

5,319

5,145

4,940

5,020

4,670

4,495

4,455

4,149

3,936

3,450

3,180

3,029

2,998

2,675

2,543

2,690

2,689

2,488

2,819

2,262

2,249

2,247

2,143

1,965

2,118

Liabilities and Stockholders' Equity
Current Liabilities:
Medical benefits payable

3,363

3,219

3,212

2,897

2,901

2,345

2,210

2,146

2,076

2,004

1,787

1,690

1,625

1,618

1,545

1,536

1,462

1,405

1,454

1,483

1,471

1,371

1,132

953

964

890

881

733

671

654

722

744

757

723

790

742

703

660

802

Unearned premiums

48

32

16

1

20

580

592

65

576

539

432

3

400

3

10

27

15

7

5

86

4

12

4

0

0

0

0

0

0

240

207

0

275

66

84

67

65

0

90

ACA industry fee liability

-

-

-

-

-

321

326

-

-

-

-

-

-

227

228

-

-

232

232

-

-

137

129

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

1,923

1,541

1,304

964

868

604

550

788

577

541

468

668

486

411

383

405

-

-

-

313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funds payable for the benefit of members

800

-

-

693

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued expenses and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

367

306

331

-

357

354

370

187

168

181

180

221

197

183

171

215

193

154

152

199

150

152

220

Current portion of long-term debt, net

-

-

-

-

-

-

-

-

-

-

900

-

0

0

0

299

300

-

-

0

-

-

-

-

39

38

38

15

15

15

13

11

9

-

-

0

-

-

-

Funds payable for the benefit of members

800

833

1,051

693

1,569

1,674

1,612

1,075

1,578

1,346

1,058

390

639

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of amount payable related to investigation resolution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

35

34

34

34

36

35

35

58

37

37

36

46

49

43

49

68

121

117

83

18

Note payable related to investigation resolution (Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

-

-

-

-

-

Other payables to government partners

268

302

491

458

444

452

388

367

416

394

364

303

304

212

193

172

43

44

34

14

21

17

16

37

65

67

66

88

118

98

88

98

76

53

52

46

42

35

38

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

27

27

-

24

17

19

22

16

12

14

18

8

12

9

3

6

6

7

8

8

8

5

Income taxes payable

-

-

-

-

-

-

-

-

63

-

-

-

73

42

-

0

0

18

0

1

-

-

5

0

27

0

-

-

-

-

29

-

28

20

-

-

18

8

4

Funds held for the benefit of members

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

-

4

-

-

-

-

Total current liabilities

6,404

5,930

6,077

5,015

5,804

5,977

5,679

4,443

5,289

4,826

5,013

3,055

3,529

2,516

2,361

2,441

2,212

2,042

2,086

1,935

1,914

1,944

1,711

1,237

1,318

1,226

1,239

1,113

1,047

1,241

1,288

1,123

1,432

1,108

1,160

1,185

1,107

948

1,180

Deferred income tax liability, net

105

139

149

134

117

56

71

93

94

96

47

63

27

57

68

52

80

76

53

48

45

40

58

55

50

51

49

42

22

15

14

1

-

-

-

0

-

-

-

Long-term debt, net

2,029

2,078

2,127

2,126

2,125

1,183

1,183

1,182

1,181

1,180

1,180

997

997

1,097

1,097

899

912

1,213

900

900

900

600

600

600

296

308

317

120

123

127

131

135

138

-

-

0

-

-

-

Amount payable related to investigation resolution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

34

33

33

33

68

67

67

66

101

100

207

218

216

213

244

40

Subordinated notes (see Note 4)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

111

-

-

-

-

-

-

Other liabilities

249

249

253

34

34

32

20

13

13

38

38

35

28

25

25

24

25

18

17

15

14

5

5

6

6

7

7

8

8

7

7

10

10

11

12

13

19

17

17

Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent

217

204

207

213

215

213

214

215

216

218

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities

9,005

8,602

8,814

7,524

8,296

7,462

7,169

5,947

6,795

6,360

6,278

4,152

4,582

3,696

3,552

3,417

3,231

3,351

3,056

2,899

2,873

2,589

2,374

1,932

1,705

1,627

1,647

1,352

1,270

1,459

1,507

1,371

1,794

1,327

1,391

1,415

1,341

1,209

1,237

Commitments and contingencies (see Note 14)

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Stockholders' Equity:
Preferred stock, $0.01 par value (20,000,000 authorized, no shares issued or outstanding)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value (100,000,000 authorized, 50,316,099 and 49,993,219 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Paid-in capital

2,000

1,985

1,967

1,981

1,961

601

583

591

566

556

543

546

535

527

520

518

511

507

503

503

496

493

488

489

489

481

476

469

468

465

461

448

441

441

432

428

424

421

425

Retained earnings

2,842

2,601

2,418

2,267

2,211

2,080

1,929

1,827

1,766

1,595

1,521

1,453

1,408

1,340

1,248

1,211

1,198

1,162

1,110

1,093

1,085

1,066

1,073

1,029

986

922

875

854

805

767

720

669

584

496

426

405

378

336

458

Accumulated other comprehensive income (loss)

13

15

4

-8

-11

-10

-10

-2

0

-0

-0

-1

-2

-2

-2

-2

-1

-1

-0

-0

-0

-0

-1

-1

-1

-1

-1

-0

-0

-0

-1

-1

-1

-1

-2

-2

-1

-2

-3

Total Stockholders' Equity

4,856

4,603

4,391

4,240

4,162

2,671

2,502

2,416

2,333

2,152

2,063

2,000

1,942

1,866

1,767

1,728

1,709

1,669

1,614

1,595

1,582

1,559

1,561

1,517

1,474

1,402

1,351

1,323

1,273

1,231

1,181

1,116

1,024

935

857

832

802

755

880

Total Liabilities and Stockholders' Equity

13,861

13,205

13,205

11,764

12,458

10,134

9,671

8,364

9,128

8,513

8,342

6,152

6,525

5,562

5,319

5,145

4,940

5,020

4,670

4,495

4,455

4,149

3,936

3,450

3,180

3,029

2,998

2,675

2,543

2,690

2,689

2,488

2,819

2,262

2,249

2,247

2,143

1,965

2,118