Molina Healthcare Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $472.0M | $1.18B | $1.09B | $792.0M | $659.0M | $673.0M | $737.0M | $707.0M |
| Depreciation & Amortization | $195.0M | $186.0M | $171.0M | $176.0M | $131.0M | $88.0M | $89.0M | $127.0M |
| Depreciation | $7.0M | $16.0M | $10.0M | $17.0M | $16.0M | $16.0M | $21.0M | $36.0M |
| Amortization | $91.0M | $82.0M | $85.0M | $77.0M | $49.0M | $15.0M | $18.0M | $21.0M |
| Stock-Based Compensation | $47.0M | $116.0M | $115.0M | $103.0M | $72.0M | $57.0M | $39.0M | $27.0M |
| Net Cash from Operating Activities | $-535.0M | $644.0M | $1.66B | $773.0M | $2.12B | $1.90B | $434.0M | $-314.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $101.0M | $100.0M | $84.0M | $91.0M | $77.0M | $74.0M | $57.0M | $30.0M |
| Business Acquisitions | $245.0M | $344.0M | $3.0M | $134.0M | $129.0M | $755.0M | $0 | $0 |
| Net Cash from Investing Activities | $312.0M | $-464.0M | $-744.0M | $-790.0M | $-1.65B | $-400.0M | $-293.0M | $1.14B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $1.00B | $1.00B | $0 | $400.0M | $128.0M | $606.0M | $47.0M | $0 |
| Net Cash from Financing Activities | $-170.0M | $-347.0M | $-58.0M | $-441.0M | $-183.0M | $217.0M | $-559.0M | $-1.19B |
| Net Change in Cash | $-393.0M | $-167.0M | $860.0M | $-458.0M | $283.0M | $1.72B | $-418.0M | $-364.0M |
| Free Cash Flow | $-636.0M | $544.0M | $1.58B | $682.0M | $2.04B | $1.82B | $377.0M | $-344.0M |
The intelligent investor is a realist who sells to optimists and buys from pessimists.