Molina Healthcare, Inc. (MOH US) · 25+ Years of Financial statements

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	3,669	4,086	4,540	5,914	6,589	9,667	14,178	17,782	19,883	18,890	16,829	19,423	27,771	31,974	34,072
+ Sales & Services Revenue	3,669	4,086	4,540	5,914	6,589	9,667	14,178	17,782	19,883	18,890	16,829	19,423	27,771	31,974	34,072
- Cost of Revenue	3,176	3,589	3,963	5,291	5,713	8,616	12,541	15,944	18,003	16,266	14,394	16,746	24,491	28,048	29,738
+ Cost of Goods & Services	3,176	3,589	3,963	5,291	5,713	8,616	12,541	15,944	18,003	16,266	14,394	16,746	24,491	28,048	29,738
Gross Profit	493	497	578	623	876	1,051	1,637	1,838	1,880	2,624	2,435	2,677	3,280	3,926	4,334
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	443	392	442	582	739	858	1,250	1,532	1,731	1,493	1,391	1,599	2,260	2,545	2,761
+ Selling, General & Admin	276	346	393	519	666	765	1,146	1,393	1,594	1,333	1,296	1,480	2,068	2,311	2,462
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	167	46	48	63	73	93	104	139	137	160	95	119	192	234	299
Operating Income (Loss)	50	105	136	41	137	193	387	306	149	1,131	1,044	1,078	1,020	1,381	1,573
- Non-Operating (Income) Loss	12	16	16	18	56	58	65	101	761	132	72	117	145	318	109
+ Interest Expense, Net	14	16	16	17	52	57	66	101	118	115	87	102	120	110	109
+ Interest Expense	14	16	16	17	52	57	66	101	118	115	87	102	120	110	109
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-2	- -	- -	1	4	1	-1	- -	643	17	-15	15	25	208	- -
Pretax Income	38	89	120	23	81	135	322	205	-612	999	972	961	875	1,063	1,464
- Income Tax Expense (Benefit)	7	35	43	11	36	73	179	153	-100	292	235	288	216	271	373
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	31	55	77	13	45	62	143	52	-512	707	737	673	659	792	1,091
- Net Extraordinary Losses (Gains)	- -	- -	57	3	-8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	-57	-3	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	113	6	-16	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	31	55	21	10	53	62	143	52	-512	707	737	673	659	792	1,091
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	31	55	21	10	53	62	143	52	-512	707	737	673	659	792	1,091
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	31	55	21	10	53	62	143	52	-512	707	737	673	659	792	1,091
Basic Weighted Avg Shares	39	41	46	46	46	47	52	55	56	61	62	59	58	58	58
Basic EPS, GAAP	0.8	1.34	0.45	0.21	1.15	1.32	2.75	0.95	-9.14	11.59	11.85	11.41	11.4	13.7	18.91
Basic EPS from Cont Ops	0.8	1.34	1.69	0.28	0.98	1.32	2.75	0.95	-9.14	11.59	11.85	11.41	11.4	13.7	18.91
Diluted Weighted Avg Shares	39	42	46	47	47	48	56	56	56	67	64	60	59	58	58
Diluted EPS, GAAP	0.79	1.32	0.45	0.21	1.13	1.29	2.55	0.93	-9.14	10.55	11.48	11.24	11.25	13.54	18.78
Diluted EPS from Cont Ops	0.79	1.32	1.67	0.27	0.96	1.29	2.55	0.93	-9.14	10.55	11.48	11.24	11.25	13.54	18.78
EBITDA	89	166	210	120	231	327	513	488	327	1,258	1,133	1,166	1,151	1,557	1,744
EBITDA Margin (%)	2.41	4.06	4.63	2.03	3.51	3.38	3.62	2.74	1.64	6.66	6.73	6	4.14	4.87	5.12
EBITA	50	105	136	41	137	193	387	306	149	1,131	1,044	1,078	1,020	1,381	1,573
EBIT	50	105	136	41	137	193	387	306	149	1,131	1,044	1,078	1,020	1,381	1,573
Gross Margin (%)	13.44	12.16	12.72	10.53	13.29	10.87	11.55	10.34	9.46	13.89	14.47	13.78	11.81	12.28	12.72
Operating Margin (%)	1.37	2.57	2.99	0.69	2.08	2	2.73	1.72	0.75	5.99	6.2	5.55	3.67	4.32	4.62
Profit Margin (%)	0.84	1.35	0.46	0.17	0.8	0.64	1.01	0.29	-2.58	3.74	4.38	3.46	2.37	2.48	3.2
Sales per Employee	1,310,484	972,852	873,128	1,019,691	803,537	920,667	675,143	846,762	994,150	1,717,273	1,682,900	1,849,810	1,983,643	2,131,600	1,892,889
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	38	61	74	79	94	134	126	182	178	127	89	88	131	176	171

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	810	958	1,048	1,349	2,040	3,203	5,306	5,988	7,511	6,462	5,967	7,876	10,064	10,084	12,542
+ Cash, Cash Equivalents & STI	644	751	831	1,139	1,639	2,558	4,130	4,577	5,710	4,507	4,398	6,029	7,640	7,505	9,107
+ Cash & Cash Equivalents	470	456	494	796	936	1,539	2,329	2,819	3,186	2,826	2,452	4,154	4,438	4,006	4,848
+ ST Investments	175	295	337	343	703	1,019	1,801	1,758	2,524	1,681	1,946	1,875	3,202	3,499	4,259
+ Accounts & Notes Receiv	143	168	180	150	332	596	610	1,013	871	1,330	1,406	1,672	2,177	2,302	3,104
+ Accounts Receivable, Net	137	168	168	150	299	596	597	974	871	1,330	5	104	- -	2,302	3,104
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	6	- -	12	- -	33	- -	13	39	- -	- -	1,401	1,568	2,177	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	23	38	38	61	69	49	566	398	930	625	163	175	247	277	331
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	434	551	604	586	963	1,232	1,270	1,460	960	692	820	1,656	2,145	2,230	2,350
+ Property, Plant & Equip, Net	78	101	191	221	292	341	393	454	342	241	385	391	396	259	270
+ Property, Plant & Equip	166	203	319	392	500	618	755	919	883	774	915	968	1,028	954	999
- Accumulated Depreciation	88	103	128	171	208	277	362	465	541	533	530	577	632	695	729
+ LT Investments & Receivables	96	63	16	13	63	102	109	110	119	120	79	- -	- -	- -	- -
+ LT Investments	96	63	16	13	63	102	109	110	119	120	79	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	260	388	397	351	608	789	768	896	499	331	356	1,265	1,749	1,971	2,080
+ Total Intangible Assets	214	318	256	229	330	361	641	759	255	190	172	941	1,252	1,390	1,449
+ Goodwill	133	212	154	151	231	272	519	620	186	143	143	692	982	1,115	1,241
+ Other Intangible Assets	81	106	102	78	99	89	122	139	69	47	29	249	270	275	208
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	45	70	141	122	278	428	127	137	244	141	184	324	497	581	631
Total Assets	1,244	1,509	1,652	1,935	3,003	4,435	6,576	7,449	8,471	7,154	6,787	9,532	12,209	12,314	14,892
+ Payables & Accruals	387	505	550	685	990	1,979	2,776	3,516	4,100	3,318	3,020	4,590	6,677	6,496	7,750
+ Accounts Payable	387	492	147	184	263	242	362	385	366	390	502	641	842	889	1,252
+ Accrued Taxes	- -	13	- -	7	- -	9	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	402	495	727	1,728	2,414	3,131	3,734	2,928	2,518	3,949	5,835	5,607	6,498
+ ST Debt	- -	- -	1	1	182	- -	449	472	653	241	18	- -	- -	- -	- -
+ ST Borrowings	- -	- -	1	1	182	- -	449	472	652	240	18	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -
+ Other ST Liabilities	102	60	51	142	122	196	597	582	804	687	231	375	370	359	418
+ Deferred Revenue	102	60	51	142	122	196	223	315	282	211	249	375	370	359	418
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	374	267	522	476	-18	- -	- -	- -	- -
Total Current Liabilities	489	566	602	828	1,294	2,175	3,822	4,570	5,557	4,246	3,269	4,965	7,047	6,855	8,168
+ LT Debt	184	189	217	262	603	887	1,160	1,173	1,516	1,217	1,468	2,352	2,392	2,391	2,385
+ LT Borrowings	184	189	217	262	416	690	962	975	1,318	1,020	1,237	2,127	2,173	2,176	2,180
+ LT Finance Leases	- -	- -	- -	- -	186	197	198	198	198	197	231	225	219	215	205
+ Other LT Liabilities	28	36	78	63	213	363	37	57	61	44	90	119	140	104	124
+ Accrued Liabilities	13	16	33	38	1	24	- -	15	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	15	20	45	25	213	339	37	42	61	44	90	119	140	104	124
Total Noncurrent Liabilities	212	225	295	324	816	1,250	1,197	1,230	1,577	1,261	1,558	2,471	2,532	2,495	2,509
Total Liabilities	701	790	897	1,153	2,110	3,425	5,019	5,800	7,134	5,507	4,827	7,436	9,579	9,350	10,677
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	130	252	266	286	341	396	803	841	1,044	643	175	199	236	328	410
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	130	252	266	286	341	396	803	841	1,044	643	175	199	236	328	410
- Treasury Stock	- -	- -	- -	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	415	470	490	500	553	615	758	810	298	1,012	1,781	1,860	2,399	2,796	3,887
+ Other Equity	-2	-2	-1	- -	-1	-1	-4	-2	-5	-8	4	37	-5	-160	-82
Equity Before Minority Interest	543	719	755	782	893	1,010	1,557	1,649	1,337	1,647	1,960	2,096	2,630	2,964	4,215
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	543	719	755	782	893	1,010	1,557	1,649	1,337	1,647	1,960	2,096	2,630	2,964	4,215
Total Liabilities & Equity	1,244	1,509	1,652	1,935	3,003	4,435	6,576	7,449	8,471	7,154	6,787	9,532	12,209	12,314	14,892
Shares Outstanding	38	45	46	47	46	50	56	57	60	62	62	59	58	58	58
Capital Leases - Total	- -	- -	- -	- -	186	197	198	198	199	198	231	225	219	215	205
Net Debt	-285	-267	-276	-533	-338	-849	-918	-1,372	-1,216	-1,566	-1,197	-2,027	-2,265	-1,830	-2,668
Net Debt to Equity	-52.54	-37.16	-36.51	-68.11	-37.8	-84.03	-58.96	-83.2	-90.95	-95.08	-61.07	-96.71	-86.12	-61.74	-63.3
Tangible Common Equity Ratio	31.9	33.68	35.76	32.44	21.07	15.93	15.43	13.3	13.17	20.92	27.03	13.44	12.58	14.41	20.58
Current Ratio	1.66	1.69	1.74	1.63	1.58	1.47	1.39	1.31	1.35	1.52	1.83	1.59	1.43	1.47	1.54
Cash Conversion Cycle	-29.66	-31.09	-15.94	-1.62	-1.86	6.2	6.57	7.57	9.32	12.78	3.17	-11.43	-10.37	1.88	15.82
Number of Employees	2,800	4,200	5,200	5,800	8,200	10,500	21,000	21,000	20,000	11,000	10,000	10,500	14,000	15,000	18,000

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	31	55	21	10	53	62	143	52	-512	707	737	673	659	792	1,091
+ Depreciation & Amortization	38	61	74	79	94	134	126	182	178	127	89	88	131	176	171
+ Non-Cash Items	12	13	109	26	38	54	65	95	549	101	34	65	106	253	86
+ Stock-Based Compensation	7	10	17	20	29	22	23	26	46	27	39	57	72	103	115
+ Deferred Income Taxes	- -	-4	14	-10	-32	-2	-7	22	-94	-6	10	-19	-24	-66	-31
+ Asset Impairment Charge	- -	- -	65	- -	- -	- -	- -	- -	470	- -	- -	- -	- -	208	- -
+ Other Non-Cash Adj	4	8	13	15	41	34	49	47	127	80	-15	27	58	8	2
+ Chg in Non-Cash Work Cap	75	33	22	234	5	810	791	344	589	-1,249	-426	1,072	1,223	-448	314
+ (Inc) Dec in Accts Receiv	-8	-8	- -	18	-149	-298	56	-348	103	-530	-76	-100	-415	-95	-778
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	-12	3	-9	-23	-20	-35	-69	-56	6	28	-16	-19	-124	-69
+ Inc (Dec) in Accts Payable	-4	75	51	115	236	1,012	768	695	592	-755	-401	1,076	1,655	-220	1,104
+ Inc (Dec) in Other	86	-23	-33	109	-59	116	2	66	-50	30	23	112	2	-9	57
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	155	161	225	348	190	1,060	1,125	673	804	-314	434	1,898	2,119	773	1,662
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-36	-49	-61	-78	-98	-115	-132	-176	-86	-30	-57	-74	-77	-91	-84
+ Acq of Fixed Prod Assets	-36	-49	-61	-78	-98	-115	-132	-176	-86	-30	-57	-74	-77	-91	-84
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	18	-80	-43	-8	-370	-320	-797	37	-938	1,001	-234	427	-1,384	-515	-661
+ Dec in LT Investment	204	223	303	298	400	633	1,126	1,966	1,759	2,445	2,302	1,097	1,329	1,398	772
+ Inc in LT Investment	-187	-303	-346	-306	-770	-953	-1,923	-1,929	-2,697	-1,444	-2,536	-670	-2,713	-1,913	-1,433
+ Net Cash From Acq & Div	-11	-131	-84	9	-62	-44	-450	-48	- -	190	- -	-755	-129	-134	-3
+ Cash from Divestitures	- -	- -	- -	9	- -	- -	- -	- -	- -	190	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-11	-131	-84	- -	-62	-44	-450	-48	- -	- -	- -	-755	-129	-134	-3
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-8	-30	-49	-16	-13	-57	-41	-19	-38	-18	-2	2	-63	-50	4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-38	-289	-237	-94	-543	-536	-1,420	-206	-1,062	1,143	-293	-400	-1,653	-790	-744
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-10	-2	96	39	609	113	689	- -	625	-662	200	639	17	- -	- -
+ Cash From Debt	- -	105	97	60	697	123	689	- -	625	- -	440	2,189	740	- -	- -
+ Repayments of Debt	-10	-107	-1	-21	-88	-10	- -	- -	- -	-662	-240	-1,550	-723	- -	- -
+ Cash (Repurchase) of Equity	-28	115	- -	5	-44	14	391	18	19	- -	-47	-606	-128	-400	- -
+ Increase in Capital Stock	- -	115	7	8	9	14	391	18	19	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-28	- -	-7	-3	-53	- -	- -	- -	- -	- -	-47	-606	-128	-400	- -
+ Other Financing Activities	2	- -	-47	4	-72	-48	5	1	-8	-531	-712	184	-72	-41	-58
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-35	114	49	48	493	79	1,085	19	636	-1,193	-559	217	-183	-441	-58
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	82	-14	38	302	140	603	790	486	378	-364	-418	1,715	283	-458	860
Capital Expenditures	-36	-49	-61	-78	-98	-115	-132	-176	-86	-30	-57	-74	-77	-91	-84
EBITDA	89	166	210	120	231	327	513	488	327	1,258	1,133	1,166	1,151	1,557	1,744
EBITDA Margin (%)	2.41	4.06	4.63	2.03	3.51	3.38	3.62	2.74	1.64	6.66	6.73	6	4.14	4.87	5.12
Net Cash Paid for Acquisitions	11	131	84	-9	62	44	450	48	- -	-190	- -	755	129	134	3
Free Cash Flow	120	113	165	270	92	945	993	497	718	-344	377	1,824	2,042	682	1,578
Free Cash Flow to Firm	131	122	175	279	121	971	1,022	523	- -	-263	443	1,895	2,132	764	1,659
Free Cash Flow to Equity	110	111	261	309	701	1,058	1,682	497	1,343	-1,006	577	2,463	2,059	682	1,578
Free Cash Flow per Basic Share	3.08	2.74	3.6	5.81	2	20.11	19.1	9.04	12.82	-5.64	6.06	30.92	35.33	11.8	27.35
Price/Free Cash Flow	3.17	3.7	3.63	2.92	5.54	2.18	2.69	3.59	4.93	-27.04	17.7	6.31	8.54	22.44	11.86
Cash Flow to Net Income	5.03	2.94	10.83	35.52	3.58	17.1	7.87	12.94	-1.57	-0.44	0.59	2.82	3.22	0.98	1.52

Molina Healthcare, Inc.

MOH US

308.98