WELLCARE HEALTH PLANS, INC. WCG Income Statement

Wellcare health plans, inc. (WCG)

Income statement / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Premium
6,965	6,842	6,609	5,918	4,988	4,612	4,626	4,328	4,390	4,293	3,947	3,515	3,578	3,590	3,536	3,493	3,437	3,478	3,466	3,404	3,396	3,139	2,975	2,433	2,495	2,327	2,252	1,986	1,816	1,809	1,788	1,598	1,541	1,485	1,472	1,352	1,385	1,337	1,353	1,666	1,787
Products and services
132	126	115	119	34	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment And Other Income
42	41	37	32	34	26	19	16	12	11	7	2	5	3	4	3	3	4	3	10	11	12	10	5	4	4	4	2	2	1	2	1	2	2	2	2	2	2	2	1	3
Total revenues
7,140	7,010	6,762	6,070	5,058	4,639	4,646	4,345	4,402	4,305	3,954	3,518	3,584	3,594	3,540	3,496	3,441	3,482	3,469	3,414	3,407	3,151	2,985	2,438	2,500	2,332	2,256	1,988	1,818	1,811	1,791	1,600	1,544	1,487	1,474	1,355	1,388	1,340	1,355	1,667	1,791
Expenses:
Policyholder Benefits and Claims Incurred, Net, Health
6,025	6,027	5,831	5,105	4,195	3,866	3,962	3,806	3,740	3,719	3,478	2,998	3,040	2,988	3,061	3,001	2,947	2,977	3,052	2,994	2,996	2,834	2,629	2,110	2,144	2,015	1,987	1,686	1,549	1,546	1,521	1,267	1,214	1,202	1,263	1,158	1,147	1,122	1,165	1,420	1,504
Cost of Goods and Services Sold
128	123	111	115	33	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative
567	486	503	534	433	377	355	444	372	365	302	317	268	278	268	340	279	255	256	283	261	228	245	218	218	205	213	193	176	159	161	183	160	147	150	136	142	395	163	195	215
ACA Industry Fee Expense
0	0	0	97	86	79	81	0	0	0	0	57	57	56	57	56	53	58	58	34	34	36	32	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Medicaid premium taxes
35	31	31	32	31	30	32	29	29	31	29	26	28	27	27	27	26	20	20	19	21	18	17	16	17	20	21	21	20	20	20	20	18	18	18	18	18	9	9	-	-
Depreciation, Depletion and Amortization, Nonproduction
59	68	69	62	46	34	36	35	31	29	23	22	22	21	20	19	18	18	16	15	14	15	14	12	11	10	10	8	8	7	6	6	6	6	6	6	6	5	5	5	5
Interest
29	31	29	29	23	17	17	17	17	18	16	14	14	14	15	15	15	12	11	11	9	9	9	6	2	2	1	0	1	0	1	2	3	0	0	0	0	0	0	0	1
Impairment and other charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	24	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on divestiture of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
6,846	6,768	6,578	5,976	4,849	4,405	4,485	4,333	4,191	4,163	3,851	3,437	3,431	3,387	3,451	3,460	3,336	3,341	3,415	3,358	3,338	3,166	2,948	2,364	2,393	2,254	2,233	1,910	1,756	1,733	1,711	1,480	1,404	1,374	1,439	1,319	1,315	1,533	1,345	1,621	1,726
Income from operations
-	-	-	-	-	-	-	-	211	141	-	-	152	206	-	-	-	-	-	56	69	-14	37	74	106	77	22	77	62	77	79	119	139	113	35	35	73	-192	10	45	65
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-7	11	28	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	0	-26	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes and equity in losses of unconsolidated subsidiaries
293	242	184	94	208	233	161	12	211	115	103	-	152	206	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings (losses) of unconsolidated subsidiaries
20	1	0	-5	6	-4	-2	-	23	-1	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
313	243	184	89	215	229	158	8	235	114	103	81	152	206	88	36	104	140	54	54	61	-3	65	71	106	77	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
72	61	33	33	84	78	56	-52	63	40	35	36	84	115	51	23	68	89	36	46	42	4	21	28	42	30	1	28	24	30	28	44	51	43	13	9	30	-63	4	17	28
Net Income (Loss) Attributable to Parent
241	182	151	55	130	151	101	60	171	74	67	44	68	90	37	13	36	51	17	7	19	-7	44	42	64	46	21	48	38	46	51	85	88	69	21	26	42	-128	6	28	37
Other comprehensive income (loss):
Change in net unrealized gains and losses on available-for-sale securities, before tax
-3	14	18	2	-1	0	-10	-3	0	1	0	1	0	0	0	-1	0	-1	0	-0	-0	1	0	0	0	-0	-0	-0	0	0	0	0	-0	0	0	-	-	-	-	-	-
Income tax expense (benefit) related to other comprehensive income
-0	3	4	-0	-0	0	-2	-1	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	-	-	-	-	-	-
Other comprehensive income (loss), net of tax
-2	10	13	2	-0	0	-7	-2	0	0	0	1	0	0	0	-0	-0	-0	0	-0	0	0	0	0	0	-0	-0	-0	0	0	0	0	-0	0	0	-	-	-	-	-	-
Comprehensive income
238	193	165	58	129	151	93	57	171	74	67	46	68	90	37	12	36	50	17	7	19	-6	44	43	64	46	21	48	38	46	51	85	88	69	21	-	-	-	-	-	-
Earnings Per Share [Abstract]
Basic (in USD per share)
4.79	3.63	3.02	0.99	2.74	3.39	2.28	1.35	3.86	1.67	1.52	1.01	1.55	2.05	0.86	0.29	0.83	1.17	0.40	0.17	0.44	-0.17	1.01	0.98	1.47	1.08	0.50	1.13	0.89	1.08	1.19	1.98	2.06	1.63	0.50	0.63	1.01	-3.05	0.15	0.68	0.89
Diluted (in USD per share)
4.74	3.60	2.98	0.99	2.70	3.35	2.25	1.34	3.82	1.65	1.50	1.00	1.54	2.04	0.85	0.29	0.82	1.17	0.39	0.17	0.44	-0.17	1.00	0.97	1.45	1.07	0.49	1.11	0.87	1.06	1.18	1.96	2.03	1.61	0.50	0.64	1.00	-3.05	0.15	0.68	0.88
Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
50	50	50	49	47	44	44	44	44	44	44	44	44	44	44	44	44	44	43	43	43	43	43	43	43	43	43	43	43	43	42	43	42	42	42	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
50	50	50	50	48	45	45	45	44	44	44	44	44	44	44	44	44	44	44	44	44	43	44	44	44	43	43	44	43	43	43	43	43	43	43	-	-	-	-	-	-