← MOLINA HEALTHCARE, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $52.0m ($512.0m) $707.0m $737.0m $673.0m $659.0m $792.0m $1.1b $1.2b $472.0m
Amortization of Intangible Assets $32.0m $31.0m $21.0m $18.0m $15.0m $49.0m $77.0m $85.0m $82.0m $91.0m
Depreciation $45.0m $42.0m $36.0m $21.0m $16.0m $16.0m $17.0m $10.0m $16.0m $7.0m
Depreciation, Depletion and Amortization $182.0m $178.0m $127.0m $89.0m $88.0m $131.0m $176.0m $171.0m $186.0m $195.0m
Deferred Income Tax Expense (Benefit) $22.0m ($94.0m) ($6.0m) $10.0m ($19.0m) ($24.0m) ($66.0m) ($31.0m) $53.0m $43.0m
Deferred income taxes $22.0m ($94.0m) ($6.0m) $10.0m ($19.0m) ($24.0m) ($66.0m) ($31.0m) $53.0m $43.0m
Goodwill and Intangible Asset Impairment — $470.0m $0 $0 — — — — — —
Goodwill, Impairment Loss $0 $434.0m $0 $0 — $0 — — — —
Impairment of Intangible Assets, Finite-lived — — $0 — — — — — — —
Share-based Payment Arrangement, Expense $26.0m $46.0m $27.0m $39.0m $57.0m $72.0m $103.0m $115.0m $116.0m $47.0m
Share-based Payment Arrangement, Noncash Expense $26.0m $46.0m $27.0m $39.0m $57.0m $72.0m $103.0m $115.0m $116.0m $47.0m
Share-based compensation $26.0m $46.0m $27.0m $39.0m $57.0m $72.0m $103.0m $115.0m $116.0m $47.0m
Gain (Loss) on Disposition of Business — — ($15.0m) $0 $0 — — — — —
Gain (Loss) on Extinguishment of Debt — ($14.0m) ($22.0m) $15.0m ($15.0m) ($25.0m) — — — —
Income Tax Expense (Benefit) $153.0m ($100.0m) $292.0m $235.0m $288.0m $216.0m $271.0m $373.0m $410.0m $117.0m
Interest Expense Nonoperating — — — — — — — — $118.0m $192.0m
Other Nonoperating Income (Expense) $0 $61.0m ($17.0m) $15.0m ($15.0m) ($25.0m) $0 $0 — —
Additional Financial Items
Accounts payable, accrued liabilities and other ($4.0m) ($12.0m) $45.0m $2.0m $78.0m $138.0m $55.0m $328.0m $115.0m ($221.0m)
Amounts due government agencies $473.0m $341.0m ($574.0m) ($303.0m) $446.0m $1.0b ($428.0m) $196.0m ($453.0m) ($591.0m)
Common stock withheld to settle employee tax obligations — — — ($7.0m) ($8.0m) ($53.0m) ($54.0m) ($60.0m) ($57.0m) ($37.0m)
Deferred revenue $92.0m ($34.0m) ($21.0m) $38.0m $126.0m ($5.0m) ($11.0m) $59.0m ($367.0m) ($51.0m)
General and Administrative Expense $1.4b $1.6b $1.3b $1.3b $1.5b $2.1b $2.3b $2.5b $2.7b $3.0b
Goodwill $620.0m $186.0m $143.0m $143.0m — $982.0m $1.1b $1.2b $1.7b $2.0b
Income taxes $153.0m $7.0m $240.0m $239.0m $321.0m $235.0m $340.0m ($2.0m) ($18.0m) ($201.0m)
Insurance Services Revenue — — $407.0m $0 — — — — — —
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $14.8b $17.1b $15.1b $13.9b $15.8b $23.7b $27.2b $28.7b $34.4b $39.5b
Medical claims and benefits payable $226.0m $263.0m ($226.0m) ($107.0m) $544.0m $471.0m $153.0m $580.0m ($40.0m) ($132.0m)
Net cash paid in business combinations ($48.0m) $0 $0 $0 ($755.0m) ($129.0m) ($134.0m) ($3.0m) ($344.0m) ($245.0m)
Nonoperating Income (Expense) ($101.0m) ($57.0m) ($132.0m) ($72.0m) ($117.0m) ($145.0m) ($110.0m) ($109.0m) — —
Other, net $1.0m ($1.0m) $18.0m $29.0m $2.0m $1.0m $33.0m $2.0m ($30.0m) $29.0m
Payments for Repurchase of Warrants — — $549.0m $514.0m $30.0m $0 $0 — — —
Payments of Financing Costs — $7.0m — — — — — — — —
Prepaid expenses and other current assets ($69.0m) ($56.0m) $6.0m $28.0m ($16.0m) ($19.0m) ($124.0m) ($69.0m) ($57.0m) $52.0m
Proceeds from borrowings under credit facility and term loans $0 $300.0m $0 $220.0m — — — $0 $300.0m $1.1b
Proceeds from senior notes offerings, net of issuance costs $0 $325.0m $0 $0 $1.4b $740.0m $0 $0 $740.0m $838.0m
Receivables ($348.0m) $103.0m ($530.0m) ($76.0m) ($100.0m) ($415.0m) ($95.0m) ($778.0m) ($78.0m) ($145.0m)
Repayment of credit facility and term loans — — $0 $0 ($600.0m) $0 $0 $0 ($300.0m) ($1.1b)
Restructuring Costs — $234.0m $46.0m $6.0m — — — — — —
Derivative, Gain (Loss) on Derivative, Net $0 $0 $0 $0 $0 — — — — —
Net Cash Provided by (Used in) Operating Activities $673.0m $804.0m ($314.0m) $427.0m $1.9b $2.1b $773.0m $1.7b $644.0m ($535.0m)
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $176.0m $86.0m $30.0m $57.0m $74.0m $77.0m $91.0m $84.0m $100.0m $101.0m
Payments to Acquire Businesses, Net of Cash Acquired $48.0m $0 $0 — $755.0m $129.0m $134.0m $3.0m $344.0m $245.0m
Purchases of investments ($1.9b) ($2.7b) ($1.4b) ($2.5b) ($670.0m) ($2.7b) ($1.9b) ($1.4b) ($1.1b) ($751.0m)
Proceeds from sales and maturities of investments $2.0b $1.8b $2.4b $2.3b $1.1b $1.3b $1.4b $772.0m $1.1b $1.4b
Payments for (Proceeds from) Other Investing Activities $19.0m $28.0m $18.0m $2.0m ($2.0m) $63.0m $50.0m ($4.0m) ($1.0m) ($1.0m)
Net Cash Provided by (Used in) Investing Activities ($202.0m) ($1.1b) $1.1b ($293.0m) ($400.0m) ($1.7b) ($790.0m) ($744.0m) ($464.0m) $312.0m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 — — — — — — — — —
Proceeds from Issuance of Common Stock $0 $0 — — — — — — — —
Common stock purchases — $0 $0 ($47.0m) ($606.0m) ($128.0m) ($400.0m) $0 ($1.0b) ($1.0b)
Payments for Repurchase of Common Stock — — — $47.0m $606.0m $128.0m $400.0m $0 $1.0b $1.0b
Proceeds from (Payments for) Other Financing Activities $1.0m ($1.0m) $18.0m $29.0m $2.0m $1.0m $33.0m $2.0m ($30.0m) $29.0m
Net Cash Provided by (Used in) Financing Activities $19.0m $636.0m ($1.2b) ($552.0m) $225.0m ($183.0m) ($441.0m) ($58.0m) ($347.0m) ($170.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $486.0m $378.0m ($364.0m) ($418.0m) $1.7b $283.0m ($458.0m) $860.0m ($167.0m) ($393.0m)
Net (decrease) increase in cash and cash equivalents, and restricted cash and cash equivalents $486.0m $378.0m ($364.0m) ($418.0m) $1.7b $283.0m ($458.0m) $860.0m ($167.0m) ($393.0m)
Cash and cash equivalents, and restricted cash and cash equivalents at beginning of period $2.9b $3.3b $2.9b $2.5b $4.2b $4.5b $4.0b $4.9b $4.7b $4.3b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $486.0m $378.0m $2.9b $2.5b $4.2b $4.5b $4.0b $4.9b $4.7b $4.3b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $66.0m $78.0m $93.0m $78.0m $112.0m $127.0m $108.0m $108.0m $121.0m $181.0m
Income Taxes Paid, Net $153.0m $7.0m $240.0m $239.0m $321.0m $235.0m $340.0m $405.0m $379.0m $275.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.