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WELLCARE HEALTH PLANS, INC. (WCG)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Sep-30-19 | Jun-30-19 | Mar-31-19 | Dec-31-18 | Sep-30-18 | Jun-30-18 | Mar-31-18 | Dec-31-17 |
| | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
| Total revenues | 26,983.3 | 24,901.2 | 22,530.1 | 20,414.1 | 18,688.4 | 18,033.2 | 17,699.2 | 17,007.2 |
| Revenue growth | 44.4% | 38.1% | 27.3% | 20.0% | 15.5% | 17.4% | 20.8% | 19.5% |
| Loss and loss adjustment expenses | 22,989.6 | 21,158.9 | 18,997.8 | 17,128.1 | 15,829.5 | 15,375.2 | 15,228.2 | 14,744.8 |
| Other operating expenses | 3,042.4 | 2,895.3 | 2,713.2 | 2,505.7 | 2,171.8 | 1,957.5 | 1,884.7 | 1,732.3 |
| General and administrative | | | | 534.0 | | | | 444.5 |
| Equity in earnings | 17.5 | 3.7 | -2.0 | -5.5 | -3.5 | 13.1 | 16.0 | 18.7 |
| EBITDA | 1,061.2 | 951.0 | 904.3 | 849.4 | 741.6 | 759.0 | 677.0 | 623.5 |
| EBITDA margin | 3.9% | 3.8% | 4.0% | 4.2% | 4.0% | 4.2% | 3.8% | 3.7% |
| Depreciation | 260.2 | 246.5 | 212.9 | 179.7 | 152.9 | 138.1 | 132.9 | 120.4 |
| EBIT | 801.0 | 704.5 | 691.4 | 669.7 | 588.7 | 620.9 | 544.1 | 503.1 |
| EBIT margin | 3.0% | 2.8% | 3.1% | 3.3% | 3.2% | 3.4% | 3.1% | 3.0% |
| Interest income, net [+] | 33.7 | 31.7 | 30.9 | 26.2 | 22.4 | 6.2 | -35.9 | -47.7 |
| Interest expense | 119.7 | 113.9 | 99.9 | 87.5 | 74.9 | 68.4 | 69.4 | 68.5 |
| Interest income | 153.4 | 145.6 | 130.8 | 113.7 | 97.3 | 74.6 | 33.5 | 20.8 |
| Pre-tax income | 831.6 | 733.1 | 719.2 | 692.8 | 612.2 | 632.1 | 516.9 | 461.6 |
| Income taxes | 200.5 | 212.4 | 229.7 | 253.0 | 167.6 | 146.5 | 108.8 | 87.9 |
| Tax rate | 24.1% | 29.0% | 31.9% | 36.5% | 27.4% | 23.2% | 21.0% | |
| Net income | 631.1 | 520.7 | 489.5 | 439.8 | 444.6 | 485.6 | 408.1 | 373.7 |
| Net margin | 2.3% | 2.1% | 2.2% | 2.2% | 2.4% | 2.7% | 2.3% | 2.2% |
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| Basic EPS | $12.78 | $10.69 | $10.34 | $9.57 | $9.80 | $10.89 | $9.17 | $8.40 |
| Diluted EPS | $12.63 | $10.55 | $10.21 | $9.45 | $9.67 | $10.77 | $9.07 | $8.32 |
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| Shares outstanding (basic) | 49.4 | 48.7 | 47.3 | 46.0 | 45.4 | 44.6 | 44.5 | 44.5 |
| Shares outstanding (diluted) | 50.0 | 49.3 | 48.0 | 46.6 | 46.0 | 45.1 | 45.0 | 44.9 |
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| 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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