$2.3 B

MGLN Mkt cap, 20-Jul-2018

$1.8 B

Magellan Health Revenue Q1, 2018
Magellan Health Gross profit (Q1, 2018)1.2 B
Magellan Health Gross profit margin (Q1, 2018), %69%
Magellan Health Net income (Q1, 2018)11.5 M
Magellan Health Cash, 31-Mar-2018394.3 M
Magellan Health EV2.6 B

Magellan Health Income Statement

Annual

usdFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.2 b3.5 b3.8 b4.6 b4.8 b

Revenue growth, %

11%6%22%5%

Cost of goods sold

328.4 m455.6 m732.9 m1.3 b456.7 m

Gross profit

2.9 b3.1 b3 b3.3 b4.4 b

Gross profit Margin, %

90%87%81%71%91%

Depreciation and amortization

60.5 m72 m91.1 m102.8 m

EBIT

165.2 m117.9 m71.1 m

EBIT margin, %

5%3%2%

Interest expense

2.2 m3 m7.4 m6.6 m3.4 m

Pre tax profit

165.2 m62.2 m

Income tax expense

37.8 m39.9 m43.7 m42.4 m26.5 m

Net Income

125.3 m74.2 m28.7 m75.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

873.6 m966.5 m1.2 b1.2 b1.1 b1.2 b1.3 b1.3 b1.4 b1.8 b

Cost of goods sold

91.9 m125.3 m361.4 m360.4 m415.5 m436.9 m509.7 m542.6 m562.4 m559.7 m

Gross profit

781.7 m841.2 m796.2 m829.6 m701.6 m727.4 m782.5 m763 m856.8 m1.2 b

Gross profit Margin, %

89%87%69%70%63%62%61%58%60%69%

Operating expense total

916.5 m1.1 b1.2 b1.1 b1.2 b1.2 b1.3 b1.4 b1.8 b

Depreciation and amortization

30.4 m

Interest expense

789 k836 k1.7 m1.7 m1.7 m2 m3 m4.1 m4.9 m8.4 m

Interest income

291 k311 k500 k631 k683 k692 k741 k2.5 m

Pre tax profit

36.6 m50 m10.3 m(15 m)25.4 m13.9 m43.9 m29.3 m10.6 m11.4 m

Income tax expense

(10.7 m)25.6 m6 m(7.3 m)12 m12.6 m18.6 m11.8 m5.7 m(75 k)

Net Income

47.2 m24.4 m4.3 m25.8 m7.2 m4.3 m(7.8 m)13.4 m1.3 m25.3 m17.5 m4.9 m11.5 m

Magellan Health Balance Sheet

Annual

usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

196.5 m337.2 m119.9 m189.5 m203.2 m255.3 m115.4 m304.5 m

Accounts Receivable

Inventories

Current Assets

989.4 m1.2 b1.1 b1.3 b

PP&E

172.3 m171.9 m174.7 m172.5 m

Goodwill

488.2 m566.1 m621.4 m742.1 m

Total Assets

1.8 b2.1 b2.1 b2.4 b

Accounts Payable

42.9 m63.9 m86.5 m95.6 m

Short-term debt

Current Liabilities

476.3 m585.8 m724.2 m1.1 b

Long-term debt

255.7 m238.3 m214.7 m

Total Debt

214.7 m

Total Liabilities

1.3 b

Common Stock

474 k501 k513 k520 k

Additional Paid-in Capital

922.3 m1 b1.1 b1.2 b

Retained Earnings

1.1 b1.2 b1.2 b1.3 b

Total Equity

1.2 b1.1 b1.1 b1.1 b

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.5 x1.8 x1.9 x2.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

281.8 m261.3 m185.8 m368.3 m231.4 m167.8 m96.8 m86.5 m198.7 m164.4 m273.6 m281.3 m394.3 m

Accounts Receivable

748.1 m

Current Assets

985.8 m1.1 b956.8 m1.1 b1.2 b1.2 b1.2 b1.1 b1.2 b1.2 b1.3 b1.3 b1.6 b

PP&E

163.6 m167.1 m172 m175.5 m176.6 m177.4 m177.1 m174.8 m173.9 m169.8 m166.5 m165.1 m159.9 m

Goodwill

426.9 m488.2 m557.4 m566.1 m574.8 m623.8 m623.9 m634.5 m634.6 m716.9 m742.8 m746 m1 b

Total Assets

1.6 b1.8 b1.9 b2.1 b2.1 b2.2 b2.1 b2.1 b2.2 b2.3 b2.4 b2.5 b3.1 b

Accounts Payable

15.9 m35.7 m63.6 m65.4 m53.7 m58 m100.5 m82.6 m71.4 m79 m82.4 m70.7 m73.1 m

Current Liabilities

417.5 m517.5 m525.2 m537.7 m587.3 m629.8 m755.7 m697.8 m647.1 m765.3 m1.1 b1.1 b985.7 m

Long-term debt

258.9 m252.1 m249.3 m246 m232 m426.2 m419.2 m207.5 m201.1 m736.7 m

Total Debt

258.9 m252.1 m249.3 m246 m232 m426.2 m419.2 m207.5 m201.1 m736.7 m

Total Liabilities

516.3 m632.4 m686.9 m923.6 m959.9 m1 b1.1 b966.5 m1.1 b1.2 b1.3 b1.3 b1.8 b

Common Stock

466 k476 k497 k498 k510 k512 k513 k515 k516 k517 k522 k

Additional Paid-in Capital

890.9 m933.3 m973.6 m994.7 m1.1 b1.1 b1.1 b1.1 b1.2 b1.2 b1.2 b1.2 b1.3 b

Retained Earnings

1.1 b1.1 b1.1 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.3 b1.3 b1.3 b1.4 b

Total Equity

1.1 b1.2 b1.2 b1.1 b1.2 b1.2 b1.1 b1.1 b1.1 b1 b1.1 b1.1 b1.3 b

Financial Leverage

1.5 x1.5 x1.6 x1.8 x1.8 x1.9 x2 x1.9 x2 x2.2 x2.2 x2.2 x2.4 x

Magellan Health Cash Flow

Annual

usdFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

125.3 m74.2 m75.8 m

Depreciation and Amortization

72 m91.1 m27.6 m106 m

Accounts Receivable

(41 m)(75 m)(52 m)(134.1 m)

Cash From Operating Activities

183.2 m211 m239.2 m66.7 m

Cash From Investing Activities

(155.9 m)(255.1 m)(193.2 m)(244.3 m)

Cash From Financing Activities

(13.5 m)96.2 m(185.9 m)233.1 m

Free Cash Flow

247.7 m273.4 m310.8 m5.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

106.8 m24.4 m28.7 m54.5 m7.2 m11.5 m3.7 m13.4 m14.7 m40 m17.5 m22.4 m11.5 m

Depreciation and Amortization

50.8 m20.2 m42.7 m66.7 m23.5 m48.5 m75.2 m25 m50.6 m77.5 m27 m54.7 m30.4 m

Accounts Receivable

(19.2 m)34.8 m(15.8 m)(19.5 m)1.4 m(32.1 m)(41.4 m)(13.5 m)(74.4 m)(31.9 m)(27.7 m)(21.9 m)(87.2 m)

Accounts Payable

26.5 m

Cash From Operating Activities

171.3 m82.8 m137.1 m194.2 m44.2 m112.7 m178.1 m21.1 m(66.2 m)70.9 m(31.1 m)3.8 m81 m

Cash From Investing Activities

(52.2 m)(13.2 m)(122.6 m)(179.6 m)(71.4 m)(171 m)(218.6 m)(43.9 m)(10.8 m)(163.7 m)(20.7 m)(35.7 m)(43.4 m)

Cash From Financing Activities

(26.7 m)(11.5 m)(31.9 m)150.4 m3.3 m(118 m)(6.1 m)160.3 m141.8 m20.9 m8.7 m(42 m)

Free Cash Flow

129.2 m71.8 m105 m143.6 m22.8 m75 m123.5 m5.5 m(96.7 m)26.5 m(42.1 m)(23 m)61.5 m

Magellan Health Ratios

USDY, 2018

EV/CFO

32.2 x

EV/FCF

42.3 x

Revenue/Employee

186.1 k

Financial Leverage

2.4 x
Report incorrect company information