WELLCARE HEALTH PLANS, INC. WCG Income Statement

Wellcare health plans, inc. (WCG)

Income statement / TTM

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
26,335	24,359	22,129	20,146	18,556	17,958	17,639	16,960	16,147	15,334	14,631	14,220	14,198	14,056	13,944	13,874	13,786	13,745	13,406	12,915	11,944	11,044	10,231	9,509	9,061	8,382	7,863	7,400	7,012	6,738	6,414	6,098	5,852	5,696	5,549	5,430	5,743	6,145	0	0	0
Products and services
494	396	269	154	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment And Other Income
153	145	130	113	97	74	59	46	33	26	18	16	17	15	16	15	21	29	37	44	39	32	25	18	15	13	10	8	8	8	9	8	9	9	9	10	9	10	0	0	0
Total revenues
26,983	24,901	22,530	20,414	18,688	18,033	17,699	17,007	16,180	15,361	14,650	14,237	14,215	14,072	13,960	13,890	13,808	13,774	13,444	12,959	11,983	11,076	10,257	9,527	9,077	8,395	7,874	7,409	7,020	6,746	6,423	6,106	5,862	5,706	5,559	5,440	5,752	6,155	0	0	0
Expenses:
Policyholder Benefits and Claims Incurred, Net, Health
22,989	21,158	18,997	17,128	15,829	15,375	15,228	14,744	13,936	13,236	12,506	12,089	12,092	12,000	11,988	11,978	11,971	12,020	11,877	11,455	10,571	9,719	8,901	8,258	7,834	7,239	6,769	6,303	5,885	5,550	5,206	4,948	4,838	4,771	4,691	4,594	4,856	5,212	0	0	0
Cost of Goods and Services Sold
479	383	260	148	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general and administrative
2,092	1,957	1,848	1,701	1,611	1,550	1,538	1,484	1,357	1,254	1,166	1,133	1,156	1,167	1,144	1,132	1,075	1,057	1,030	1,018	954	911	888	856	830	788	742	690	680	664	652	642	594	577	825	837	897	969	0	0	0
ACA Industry Fee Expense
97	183	262	344	247	160	81	0	57	114	171	228	227	224	226	227	204	185	163	137	103	68	32	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Medicaid premium taxes
131	127	126	126	123	121	122	119	117	116	112	110	110	109	101	94	86	81	79	76	73	69	71	75	80	83	83	82	81	79	77	76	74	74	65	56	0	0	0	-	-
Depreciation, Depletion and Amortization, Nonproduction
260	246	212	179	152	138	132	120	107	98	90	87	84	80	76	72	69	65	62	59	56	53	48	44	40	37	34	31	29	27	26	26	26	25	24	23	23	23	0	0	0
Interest
119	113	99	87	74	68	69	68	65	63	59	59	60	60	58	54	50	44	41	39	34	26	19	11	6	5	4	4	5	8	7	6	3	0	0	0	0	1	0	0	0
Impairment and other charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on divestiture of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
26,169	24,171	21,808	19,715	18,072	17,414	17,172	16,538	15,642	14,882	14,107	13,707	13,730	13,636	13,590	13,554	13,452	13,454	13,278	12,811	11,817	10,873	9,961	9,246	8,792	8,155	7,634	7,112	6,682	6,331	5,971	5,699	5,537	5,448	5,607	5,513	5,815	6,226	0	0	0
Income from operations
-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	148	166	203	295	281	284	239	239	296	338	415	451	407	324	257	-48	-72	-62	-70	0	0	0
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29	31	39	28	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes and equity in losses of unconsolidated subsidiaries
814	729	721	698	615	619	500	442	583	578	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings (losses) of unconsolidated subsidiaries
17	3	-2	-5	0	0	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
831	733	719	692	612	632	516	461	534	451	543	529	484	436	370	336	353	310	166	177	195	240	321	278	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
200	212	229	253	167	146	108	87	176	196	272	287	274	258	231	217	240	214	129	114	96	96	123	103	103	84	84	111	128	155	168	154	119	97	-10	-19	-11	-14	0	0	0
Net Income (Loss) Attributable to Parent
631	520	489	439	444	485	408	373	357	254	271	242	210	178	138	118	113	96	37	63	98	143	197	175	181	155	154	184	220	270	294	264	205	159	-38	-53	-50	-56	0	0	0
Other comprehensive income (loss):
Change in net unrealized gains and losses on available-for-sale securities, before tax
31	33	19	-9	-15	-13	-12	-2	3	3	1	1	-1	-1	-2	-1	-1	-1	0	0	1	1	0	-0	-1	-0	0	1	1	1	0	1	0	0	0	-	-	-	-	-	-
Income tax expense (benefit) related to other comprehensive income
7	7	4	-2	-3	-3	-2	-0	1	1	0	0	-0	0	-0	-0	-0	-0	0	-0	0	0	-0	-0	-0	-0	0	0	1	0	0	0	0	0	0	-	-	-	-	-	-
Other comprehensive income (loss), net of tax
24	26	15	-6	-11	-10	-9	-1	2	2	1	1	-0	-1	-1	-1	-1	-0	0	0	1	1	0	-0	-0	-0	0	0	1	0	0	0	0	0	0	-	-	-	-	-	-
Comprehensive income
655	546	505	433	433	475	398	372	360	256	272	243	209	177	137	117	112	95	37	64	99	144	198	174	180	154	155	185	222	271	294	264	0	0	0	-	-	-	-	-	-
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	-	-	-	-	-	-