XML 18 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Premium revenue $ 4,191 $ 3,377 $ 12,215 $ 9,652
Service revenue 133 47 408 146
Premium tax revenue 127 99 345 289
Health insurer fee revenue 85 81 251 203
Investment income 9 5 25 12
Other revenue 1 2 4 5
Total revenue [1] 4,546 3,611 13,248 10,307
Operating expenses:        
Medical care costs 3,748 3,016 10,930 8,581
Cost of service revenue 119 34 362 103
General and administrative expenses 343 287 1,034 830
Premium tax expenses 127 99 345 289
Health insurer fee expenses 55 36 163 117
Depreciation and amortization 36 26 102 76
Total operating expenses 4,428 3,498 12,936 9,996
Operating income 118 113 312 311
Interest expense 26 15 76 45
Income before income tax expense 92 98 236 266
Income tax expense 50 52 137 153
Net income $ 42 $ 46 $ 99 $ 113
Net income per share:        
Basic (in dollars per share) [2] $ 0.77 $ 0.84 $ 1.79 $ 2.21
Diluted (in dollars per share) [2] $ 0.76 $ 0.77 $ 1.77 $ 2.07
[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] Source data for calculations in thousands.