Molina Healthcare, Inc. (MOH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.08B | -298M | -125M | -302M | 190M | -224M | 873M | -219M | 214M | -690M | 949M | 487M | 916M | -212M | 254M | 368M | 363M | 597M | 461M | 493M |
| Operating CF Margin % | 10.02% | -2.62% | -1.09% | -2.64% | 1.7% | -2.13% | 8.44% | -2.22% | 2.15% | -7.63% | 11.1% | 5.85% | 11.24% | -2.58% | 3.2% | 4.57% | 4.67% | 8.06% | 6.55% | 7.25% |
| Operating CF Growth % | 469.47% | -33.04% | -114.32% | -37.9% | -11.21% | 67.54% | -8.01% | -144.97% | -76.64% | -225.47% | 273.62% | 32.34% | 152.34% | -135.51% | -44.9% | -25.36% | -36.09% | -54.04% | 391.77% | -19.58% |
| Net Income | 14M | -160M | 79M | 255M | 298M | 251M | 326M | 301M | 301M | 216M | 245M | 309M | 321M | 56M | 230M | 248M | 258M | 103M | 143M | 185M |
| Depreciation & Amortization | 39M | 0 | 45M | 58M | 48M | 48M | 47M | 46M | 45M | 43M | 42M | 42M | 44M | 47M | 45M | 44M | 40M | 35M | 32M | 31M |
| Stock-Based Compensation | 33M | 0 | -3M | 3M | 27M | 18M | 30M | 32M | 36M | 27M | 33M | 30M | 25M | 23M | 23M | 23M | 34M | 23M | 14M | 11M |
| Deferred Taxes | -30M | 0 | 15M | 9M | 13M | 39M | -7M | -5M | 26M | 2M | -29M | -5M | 1M | -31M | -38M | -13M | 16M | -16M | -15M | 1M |
| Other Non-Cash Items | 834M | 69M | -1.08B | -2M | 2M | 0 | 4M | 2M | 2M | -1M | -2M | 0 | 5M | 219M | 3M | 2M | -8M | 49M | -1M | -2M |
| Working Capital Changes | 192M | -207M | 823M | -625M | -198M | -580M | 473M | -595M | -196M | -977M | 660M | 111M | 520M | -526M | -9M | 64M | 23M | 403M | 288M | 267M |
| Change in Receivables | 113M | 0 | 348M | -376M | -90M | -47M | -26M | 118M | -123M | -646M | -49M | 151M | -234M | -52M | 28M | -43M | 21M | -415M | -55M | -94M |
| Change in Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Change in Payables | 79M | 0 | 106M | -33M | -268M | 148M | 274M | -92M | -215M | 465M | 71M | 7M | -215M | 95M | 107M | -66M | -81M | 9M | 144M | -31M |
| Cash from Investing | 11M | 230M | 77M | 128M | -123M | 19M | -48M | 53M | -488M | -25M | -280M | -137M | -302M | 148M | -347M | -665M | 74M | -547M | -698M | -321M |
| Capital Expenditures | -27M | 1M | -38M | -42M | -22M | -11M | -35M | -27M | -27M | 5M | -26M | -31M | -32M | -10M | -31M | -27M | -23M | -21M | -27M | -13M |
| CapEx % of Revenue | 0.25% | 0.01% | 0.33% | 0.37% | 0.2% | 0.1% | 0.34% | 0.27% | 0.27% | 0.06% | 0.3% | 0.37% | 0.39% | 0.12% | 0.39% | 0.34% | 0.3% | 0.28% | 0.38% | 0.19% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -8M | -18M | 1M | 16M | 2M | -67M | 66M | -1M | 3M | 6M | -4M | -3M | 5M | 125M | -34M | 6M | -13M | -66M | -2M | -4M |
| Cash from Financing | -20M | 92M | -220M | -189M | 147M | 67M | -364M | 12M | -62M | 3M | -6M | 10M | -65M | -183M | 10M | -191M | -77M | 21M | -4M | 7M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | -500M | 0 | -500M | -500M | -500M | 0 | -56M | 0 | -1M | -1M | -58M | -200M | 0 | -201M | -52M | -1M | 0 | -1M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -500M | 0 | -500M | -500M | -500M | 0 | -56M | 0 | -1M | -1M | -58M | -200M | 0 | -201M | -52M | -1M | 0 | -1M |
| Other Financing | -20M | -6M | -10M | 11M | -3M | -23M | -14M | 12M | -6M | 3M | -5M | 11M | -7M | 17M | 10M | 10M | -25M | 5M | -4M | 8M |
| Net Change in Cash | 1.07B | 27M | -268M | -363M | 214M | -138M | 461M | -159M | -335M | -712M | 663M | 360M | 549M | -247M | -83M | -488M | 360M | 71M | -241M | 179M |
| Free Cash Flow | 1.05B | -297M | -163M | -344M | 168M | -235M | 838M | -246M | 187M | -685M | 923M | 456M | 884M | -222M | 223M | 341M | 340M | 576M | 434M | 480M |
| FCF Margin % | 9.77% | -2.61% | -1.42% | -3.01% | 1.51% | -2.24% | 8.1% | -2.49% | 1.88% | -7.57% | 10.8% | 5.48% | 10.85% | -2.7% | 2.81% | 4.23% | 4.38% | 7.77% | 6.16% | 7.06% |
| FCF Growth % | 527.98% | -26.38% | -119.45% | -39.84% | -10.16% | 65.69% | -9.21% | -153.95% | -78.85% | -208.56% | 313.9% | 33.72% | 160% | -138.54% | -48.62% | -28.96% | -38.41% | -55.31% | 345.2% | -18.51% |
| FCF per Share | 20.69 | -5.85 | -3.04 | -6.34 | 3.07 | -4.07 | 14.52 | -4.23 | 3.21 | -11.77 | 15.89 | 7.88 | 15.24 | -3.80 | 3.87 | 5.84 | 5.79 | 9.81 | 7.42 | 8.22 |
| FCF Conversion (FCF/Net Income) | 77.29x | 1.86x | -1.58x | -1.18x | 0.64x | -0.89x | 2.68x | -0.73x | 0.71x | -3.19x | 3.87x | 1.58x | 2.85x | -3.79x | 1.10x | 1.48x | 1.41x | 5.80x | 3.22x | 2.66x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |