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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 10.3B | 4.7% |
| Gross Profit | 974M | 25.7% |
| Cost of Revenue | 9.37B | 2.9% |
| Operating expense | 723M | 7.3% |
| Net Income | 326M | 8.3% |
| EBITDA | 514M | 7.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 15.8B | 3.8% |
| Total Liabilities | 11B | 6.2% |
| Total Equity | 4.77B | 1.5% |
| Shares Outstanding | 57M | 3.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 873M | 498.6% |
| Cash from investing | -48M | 190.6% |
| Cash from financing | -364M | 3133.3% |
EPS
Financial Highlights for Molina Healthcare in Q3 '24
Molina Healthcare reported a revenue of 10.3B, which is a 4.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 974M, marking a 25.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 9.37B, a 2.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 723M, showing a -7.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 326M, showing a 8.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 514M, showing a 7.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Molina Healthcare with growth in revenue, gross profit, and net income.
