Change Healthcare (CHNG) stock price, revenue, and financials

Change Healthcare market cap is $6.9 b, and annual revenue was $3.09 b in FY 2021

$6.9 B

CHNG Mkt cap, 23-Jul-2021

$3.1 B

Change Healthcare Revenue FY, 2021
Change Healthcare Net income (FY, 2021)-112.2 M
Change Healthcare EBIT (FY, 2021)100.1 M
Change Healthcare Cash, 31-Mar-2021113.1 M
Change Healthcare EV11.6 B
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Change Healthcare Revenue Breakdown

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Change Healthcare revenue breakdown by business segment: 7.3% from Postage revenue and 92.7% from Solutions revenue

Change Healthcare Income Statement

Annual

USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

3.3b3.3b196.8m3.1b

Revenue growth, %

(1%)

Cost of goods sold

1.4b1.4b

Gross profit

1.9b1.9b

Gross profit Margin, %

57%59%

R&D expense

221.7m202.2m11.6m227.0m

General and administrative expense

749.9m821.1m39.9m686.6m

Operating expense total

1.2b1.2b51.5m913.7m

Depreciation and amortization

278.4m278.0m30.8m591.0m

EBIT

415.8m478.5m(711.2m)100.1m

EBIT margin, %

13%15%(361%)3%

Interest expense

292.5m325.4m16.7m245.2m

Pre tax profit

140.5m172.2m(1.1b)(147.4m)

Income tax expense

(51.9m)(4.5m)(143.3m)(35.2m)

Net Income

192.4m176.7m(947.6m)(112.2m)

Quarterly

USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

694.2m755.9m785.1m

R&D expense

55.7m54.1m58.3m

General and administrative expense

251.0k1.1m1.1m165.5m171.6m162.0m

Operating expense total

251.0k49.5m1.1m221.2m225.7m220.3m

Depreciation and amortization

138.5m146.9m151.1m

EBIT

(251.0k)(49.5m)76.0k(7.7m)3.3m62.7m

EBIT margin, %

(1%)0%8%

Interest expense

644.0k602.0k62.7m61.6m61.4m

Interest income

644.0k

Pre tax profit

(39.7m)(107.6m)66.0m(72.2m)(56.0m)(2.4m)

Income tax expense

(2.2m)(13.6m)15.2m(13.5m)(13.4m)(4.6m)

Net Income

(37.5m)(93.9m)50.7m(58.7m)(42.6m)2.2m

Change Healthcare Balance Sheet

Annual

USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

48.9m47.7m410.4m113.1m

Accounts Receivable

705.5m759.5m740.1m732.6m

Prepaid Expenses

117.5m140.3m

Current Assets

901.7m980.5m1.4b1.1b

PP&E

167.5m197.3m206.2m174.4m

Goodwill

3.3b3.3b3.8b4.1b

Total Assets

6.2b6.2b10.1b10.1b

Accounts Payable

84.1m98.6m68.2m57.4m

Short-term debt

53.4m2.8m278.8m57.9m

Current Liabilities

969.5m889.8m1.1b1.0b

Long-term debt

4.7b4.8b

Total Debt

5.9b5.8b5.0b4.9b

Total Liabilities

6.8b6.9b

Common Stock

307.0k

Additional Paid-in Capital

4.2b4.3b

Retained Earnings

(930.1m)(1.0b)

Total Equity

(1.1b)(904.8m)3.3b3.3b

Debt to Equity Ratio

-5.5 x-6.4 x

Debt to Assets Ratio

0.9 x0.9 x

Financial Leverage

-5.8 x-6.9 x3.1 x3.1 x

Quarterly

USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

3.4m3.4m3.4m178.4m167.5m137.4m

Accounts Receivable

627.3m627.0m697.9m

Prepaid Expenses

2.3m1.5m129.3m126.0m127.4m

Current Assets

5.6m23.8m25.3m1.1b1.1b1.1b

PP&E

203.7m193.9m183.8m

Goodwill

4.1b4.1b4.1b

Total Assets

1.3b2.1b2.2b10.3b10.2b10.1b

Accounts Payable

453.0k259.0k59.7m47.4m59.7m

Short-term debt

15.2m15.4m61.7m62.5m67.8m

Current Liabilities

6.5m25.1m25.4m846.3m893.6m1.0b

Long-term debt

27.4m23.7m5.1b5.1b4.9b

Total Debt

42.5m39.0m5.2b5.1b4.9b

Total Liabilities

7.0b7.0b6.9b

Common Stock

75.0k124.0k124.0k304.0k304.0k305.0k

Additional Paid-in Capital

1.2b2.0b2.0b4.2b4.2b4.3b

Retained Earnings

(20.0m)(113.9m)(63.2m)(989.2m)(1.0b)(1.0b)

Total Equity

1.1b1.9b2.0b3.2b3.2b3.2b

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.2 x1.1 x1.1 x3.2 x3.2 x3.1 x

Change Healthcare Cash Flow

Annual

USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

192.4m176.7m(947.6m)(112.2m)

Depreciation and Amortization

278.4m278.0m30.8m591.0m

Accounts Receivable

(4.5m)(61.6m)(21.2m)(6.1m)

Accounts Payable

(9.1m)(2.1m)7.5m(21.4m)

Cash From Operating Activities

324.8m287.7m(153.9m)586.2m

Purchases of PP&E

(13.0m)(246.4m)

Capital Expenditures

(166.6m)(247.0m)

Cash From Investing Activities

(260.7m)(105.7m)(564.7m)(568.0m)

Short-term Borrowings

(250.0m)

Long-term Borrowings

(11.1m)(351.3m)

Cash From Financing Activities

(197.5m)(182.1m)1.1b(318.8m)

Net Change in Cash

(138.1m)(1.1m)407.0m(297.3m)

Interest Paid

265.6m240.2m

Income Taxes Paid

(714.0k)11.2m

Free Cash Flow

158.2m40.7m

Quarterly

USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(37.5m)(131.5m)(80.7m)(58.7m)(101.3m)(99.1m)

Depreciation and Amortization

138.5m285.4m436.6m

Accounts Receivable

113.5m114.1m28.3m

Accounts Payable

277.0k83.0k(19.2m)(28.7m)(15.8m)

Cash From Operating Activities

169.1m296.6m487.2m

Purchases of PP&E

(66.8m)(126.4m)(182.9m)

Cash From Investing Activities

(885.1m)(882.3m)(435.8m)(510.4m)(504.2m)

Short-term Borrowings

(250.0m)(250.0m)(250.0m)

Long-term Borrowings

(3.6m)(7.3m)(24.9m)(78.4m)(297.3m)

Cash From Financing Activities

885.1m882.3m33.7m(31.7m)(259.5m)

Net Change in Cash

(232.1m)(242.9m)(273.0m)

Change Healthcare Ratios

USDFY, 2018

Revenue/Employee

944.0k

Debt/Equity

-5.5 x

Debt/Assets

0.9 x

Financial Leverage

-5.8 x

Change Healthcare Operating Metrics

FY, 2019

Claims Processed

$1 t

Customers (Government and Commercial Payer Connections)

2.2 k

Dentists Served

118 k

Hospitals Engaged

5.5 k

Laboratories Served

600

Pharmacies Served

33 k

Physicians Served

900 k

Transactions

14 b

Change Healthcare Employee Rating

3.41416 votes
Culture & Values
2.9
Work/Life Balance
3.3
Senior Management
2.6
Salary & Benefits
3.1
Career Opportunities
2.8
Source