On Feb. 13, Molina Healthcare (NYSE:MOH) released fourth-quarter earnings for the period ended Dec. 31.
- Revenue was $543.9 million; it increased by about 30%, primarily due to an increase in premium income from acquisition of Cape Health Plan, and also the company's Ohio health plan.
- The net profit rise of 8.5% was the result of higher sales, partially offset by increasing general and administrative expenses due to continued investment in infrastructure to support medical-care cost control initiatives.
- Cash from operating activities climbed by 10.7%. The primary sources were net income, the timing of payments for medical costs, and premium receipts.
- Molina anticipates significant growth in enrollment of the Ohio health plan in 2007, and projects a lower Ohio health plan medical-care ratio due to re-contracting and lower costs in new regions.
- Molina hasn't earned high marks in the Motley Fool CAPS stock-rating service -- it currently has a one-star rating.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$549.5 |
$423.2 |
29.8% |
|
Net Profit |
$11.6 |
$10.7 |
8.5% |
|
EPS |
$0.41 |
$0.38 |
7.9% |
|
Diluted Shares |
28.3 |
28.1 |
0.7% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
15.8% |
16.0% |
(0.2) |
|
Operating Margin |
3.5% |
4.2% |
(0.7) |
|
Net Margin |
2.1% |
2.5% |
(0.4) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$485.1 |
$352.6 |
37.6% |
|
Accounts Rec. |
$110.8 |
$70.5 |
57.1% |
|
Inventory |
No Data |
No Data |
No Data |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$46.7 |
$31.5 |
48.5% |
|
Long-Term Debt |
$45.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2006 |
2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$105.6 |
$95.4 |
10.7% |
|
Capital Expenditures |
$26.0 |
$14.0 |
86.2% |
|
Free Cash Flow |
$79.6 |
$81.4 |
(2.2%) |
Find out why Fools always follow the money.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
