On May 7, WellCare Health Plans
- Revenues increased by 69.7%, primarily attributable to the increase in the company's membership, including the launch of the Georgia Medicaid health plan, as well as growth in its Medicare prescription drug plan (PDP) product.
- The medical benefit ratio dropped to 83.8% from 84.5%, owing to better than expected retention of PDP members, which improved formulary compliance and increased generic fill rates.
- For the second quarter and full fiscal 2007, the company expects revenues of $1.3 billion and $5.2 billion, respectively.
- The company expects earnings in the range of $1.20 to $1.25 and $4.65 to $4.75 for the second quarter and full fiscal 2007, respectively.
(Figures in millions, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$1,239.4 |
$730.4 |
69.7% |
Net Profit |
$25.0 |
$16.8 |
48.9% |
EPS |
$0.60 |
$0.42 |
42.9% |
Diluted Shares |
41,588.4 |
39,959.6 |
4.1% |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
17.4% |
18.0% |
(0.6) |
Operating Margin |
3.6% |
4.2% |
(0.7) |
Net Margin |
2.0% |
2.3% |
(0.3) |
Margins are the earnings engine. See how they work.
Balance Sheet HighlightsAssets | Q1 2007 | Q1 2006 | Change |
---|---|---|---|
Cash + ST Invest. | $1,496.1 | $937.5 | 59.6% |
Accounts Rec. | $119.4 | $46.6 | 156.3% |
Inventory | No Data | No Data | No Data |
Liabilities | Q1 2007 | Q1 2006 | Change |
---|---|---|---|
Accounts Payable | $7.0 | $6.6 | 5.4% |
Long-Term Debt | $153.7 | $155.1 | (0.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q1 2007 | Q1 2006 | Change | |
---|---|---|---|
Cash From Ops. | $217.0 | $224.6 | (3.4%) |
Capital Expenditures | $4.3 | $11.7 | (62.9%) |
Free Cash Flow | $212.7 | $212.9 | (0.1%) |
Free cash flow is a Fool's best friend.
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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.