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Evolent Health, Inc. (EVH)

Income Statement Business | Product

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Services      547.4   
    Services revenue      533.1435.0  
    Platform and operations services     671.9500.2405.5  
    True Health      94.8   
    Other     15.2    
Total revenues   [+]1,352.0908.0924.6687.1627.1435.0254.296.9
            Revenue growth   [+]48.9%-1.8%34.6%9.6%44.2%71.1%162.4% 
Cost of goods sold  1,011.9670.8700.4513.0327.8269.4155.257.4
Gross profit  340.1237.1224.2174.1299.2165.699.039.5
            Gross margin  25.2%26.1%24.2%25.3%47.7%38.1%39.0%40.8%
Selling, general and administrative  269.3219.5210.4236.4235.4205.7160.775.3
Equity in earnings  4.613.210.0-9.5-4.7-1.8-0.8-28.2
Other operating expenses  -2.20.8-3.9 70.9   
Adjusted EBITDA  111.646.742.9-55.65.8-21.4-40.0-49.2
            Adjusted EBITDA margin  8.3%5.1%4.6%-8.1%0.9%-4.9%-15.7%-50.8%
Stock-based compensation  34.016.714.615.617.620.422.514.7
EBITDA   [+]77.630.028.3-71.2-11.8-41.8-62.5-64.0
            EBITDA margin  5.7%3.3%3.1%-10.4%-1.9%-9.6%-24.6%-66.0%
Depreciation  32.030.629.223.817.39.64.71.4
EBITA  45.6-0.7-0.8-95.0-29.1-51.4-67.2-65.3
            EBITA margin  3.4%-0.1%-0.1%-13.8%-4.6%-11.8%-26.5%-67.4%
Amortization of intangibles  35.229.432.337.127.222.812.55.8
EBIT   [+]10.4-30.1-33.2-132.1-56.3-74.2-79.7-71.1
            EBIT margin  0.8%-3.3%-3.6%-19.2%-9.0%-17.1%-31.4%-73.4%
Non-recurring items   [+]2.2-0.8219.7186.2-4.10.4158.5 
Interest expense, net   [+]14.225.025.711.12.02.0-0.7-0.3
Other income (expense), net   [+]-56.124.4-52.0-0.50.10.20.0414.1
Pre-tax income  -62.1-29.8-330.5-330.0-54.2-76.4-237.5343.3
Income taxes  -43.40.5-2.4-22.80.0-6.6-10.823.5
            Tax rate  69.9% 0.7%6.9% 8.7%4.5%6.8%
Minority interest     -3.6-1.5-9.1-67.0-12.7
Earnings from continuing ops  -19.2-37.6-334.2-303.6-52.7-60.7-159.7330.3
Earnings from discontinued ops   0.00.01.6    
Net income  -19.2-37.6-334.2-302.0-52.7-60.7-159.7330.3
            Net margin  -1.4%-4.1%-36.1%-43.9%-8.4%-13.9%-62.8%341.0%
   
Basic EPS   [+]($0.20)($0.44)($3.94)($3.69)($0.68)($0.94)($3.55)$13.14
Diluted EPS   [+]($0.20)($0.44)($3.94)($3.69)($0.68)($0.94)($3.55)$7.16
   
Shares outstanding (basic)   [+]93.786.184.982.477.364.445.025.1
Shares outstanding (diluted)   [+]93.786.184.982.477.364.445.046.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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