Molina Healthcare Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-512.0M | $52.0M | $143.0M | $62.0M | $53.0M | $9.8M | $20.8M | $55.0M |
| Depreciation & Amortization | $178.0M | $182.0M | $126.0M | $134.0M | $94.0M | $78.8M | $74.4M | $60.8M |
| Depreciation | $42.0M | $45.0M | $50.0M | $34.0M | $27.0M | $20.5M | $17.5M | — |
| Amortization | $31.0M | $32.0M | $17.0M | $18.0M | $18.0M | $20.2M | $17.5M | $18.5M |
| Stock-Based Compensation | $46.0M | $26.0M | $23.0M | $22.0M | $29.0M | $20.0M | $17.1M | $9.5M |
| Net Cash from Operating Activities | $804.0M | $673.0M | $1.13B | $1.06B | $190.0M | $347.8M | $225.4M | $161.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $86.0M | $176.0M | $132.0M | $115.0M | — | — | — | — |
| Business Acquisitions | $0 | $48.0M | $450.0M | $44.0M | $62.0M | $0 | $84.3M | $130.7M |
| Net Cash from Investing Activities | $-1.06B | $-206.0M | $-1.42B | $-536.0M | $-543.0M | $-93.6M | $-236.9M | $-288.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | — | $0 | $0 | $53.0M | $3.0M | $7.0M | $0 |
| Net Cash from Financing Activities | $636.0M | $19.0M | $1.09B | $79.0M | $493.0M | $47.7M | $49.5M | $113.8M |
| Net Change in Cash | $367.0M | $490.0M | $790.0M | $603.0M | $140.0M | $301.9M | $37.9M | $-13.6M |
| Free Cash Flow | $718.0M | $497.0M | $993.0M | $945.0M | — | — | — | — |
When you combine ignorance and leverage, you get some pretty interesting results.