Molina Healthcare Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $60.0M | $14.0M | $79.0M | $255.0M | $298.0M | $326.0M | $301.0M | $301.0M |
| Depreciation & Amortization | $40.0M | $39.0M | $45.0M | $58.0M | $48.0M | $47.0M | $46.0M | $45.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $33.0M | — | — | $27.0M | — | — | $36.0M |
| Net Cash from Operating Activities | — | $1.08B | — | — | $190.0M | — | — | $214.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | $27.0M | — | — | $22.0M | — | — | $27.0M |
| Business Acquisitions | — | $0 | — | — | $245.0M | — | — | $295.0M |
| Net Cash from Investing Activities | — | $11.0M | — | — | $-123.0M | — | — | $-488.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $0 | — | — | $500.0M | — | — | $0 |
| Net Cash from Financing Activities | — | $-20.0M | — | — | $147.0M | — | — | $-62.0M |
| Net Change in Cash | — | $1.07B | — | — | $214.0M | — | — | $-336.0M |
| Free Cash Flow | — | $1.06B | — | — | $168.0M | — | — | $187.0M |
When you combine ignorance and leverage, you get some pretty interesting results.