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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:              
Premium revenue $ 4,029 $ 3,304 $ 8,024 $ 6,275 $ 13,241 $ 9,023 $ 6,179
Service revenue 135 47 275 99 253 210 205
Premium tax revenue 109 95 218 190 397 294 172
Health insurer fee revenue 76 74 166 122 264 120 0
Investment income 8 4 16 7 18 8 7
Other revenue 2 1 3 3 5 12 26
Total revenue 4,359 [1] 3,525 [1] 8,702 [1] 6,696 [1] 14,178 9,667 [2] 6,589 [2]
Operating expenses:              
Medical care costs 3,594 2,929 7,182 5,565 11,794 8,076 5,380
Cost of service revenue 116 33 243 69 193 157 161
General and administrative expenses 351 287 691 543 1,146 765 666
Premium tax expenses 109 95 218 190 397 294 172
Health insurer fee expenses 50 40 108 81 157 89 0
Depreciation and amortization 34 25 66 50 104 93 73
Total operating expenses 4,254 3,409 8,508 6,498 13,791 9,474 6,452
Operating income 105 116 194 198 387 193 137
Interest expense 25 15 50 30 66 57 52
Other (income) expense, net         (1) 1 4
Total other expenses, net (25) (15) (50) (30) 65 58 56
Income before income tax expense 80 101 144 168 322 135 81
Income tax expense 47 62 87 101 179 73 36
Income from continuing operations   39     143 62 45
Income from discontinued operations, net of tax         0 0 8
Net income $ 33 $ 39 $ 57 $ 67 $ 143 $ 62 $ 53
Earnings Per Share [Abstract]              
Income from continuing operations (in dollars per share)         $ 2.75 $ 1.34 $ 0.98
(Loss) income from discontinued operations (in dollars per share)         0.00 (0.01) 0.18
Basic net income per share (in dollars per share) $ 0.58 [3] $ 0.78 [3],[4] $ 1.02 [3] $ 1.36 [3] 2.75 1.33 1.16
Earnings Per Share, Diluted [Abstract]              
Income from continuing operations (in dollars per share)         2.58 1.30 0.96
(Loss) income from discontinued operations (in dollars per share)         0.00 (0.01) 0.17
Diluted net income per share (in dollars per share) $ 0.58 [3] $ 0.72 [3],[4] $ 1.01 [3] $ 1.29 [3] $ 2.58 $ 1.29 $ 1.13
Weighted Average Number of Shares Outstanding, Diluted [Abstract]              
Basic (in shares) 55 50 55 50 52 47 46
Diluted (in shares) 55 54 56 52 56 48 47
[1] Total revenue consists primarily of premium revenue for the Health Plans segment, and service revenue for the Molina Medicaid Solutions and Other segments.
[2] Total revenues consists primarily of premium revenue for the Health Plans segment, and service revenue for the Molina Medicaid Solutions and Other segments.
[3] Source data for calculations in thousands.
[4] The dilutive effect of all potentially dilutive common shares is calculated using the treasury-stock method. Certain potentially dilutive common shares issuable are not included in the computation of diluted net income per share because to do so would be anti-dilutive. For the year ended December 31, 2014, the 1.125% Warrants were excluded from diluted shares outstanding because the exercise price exceeded the average market price of our common stock.