0001179929false00011799292025-02-052025-02-05

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM 8-K
______________
Current Report
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 5, 2025
______________
MOLINA HEALTHCARE, INC.
(Exact name of registrant as specified in its charter)
Delaware1-3171913-4204626
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
______________
200 Oceangate, Suite 100,Long Beach,California90802
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (562) 435-3666
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.001 Par Value MOHNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.
☐


Item 2.02.    Results of Operations and Financial Condition.
On February 5, 2025, Molina Healthcare, Inc. (the “Company”) issued a press release reporting its financial results for the fourth quarter and year ended December 31, 2024 and the Company’s full-year 2025 revenue and earnings guidance. The full text of the press release is included as Exhibit 99.1 to this report. The information contained in the Company’s website cited in the press release is not part of this report.
Note: The information in this Form 8-K and the exhibits attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01.    Financial Statements and Exhibits.
(d)     Exhibits:
Exhibit No.Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MOLINA HEALTHCARE, INC.
Date:
February 5, 2025
By:
/s/ Jeff D. Barlow
Jeff D. Barlow
Chief Legal Officer and Secretary


molinaa03a01a01a17a.jpg
News Release
Investor Contact: Jeffrey Geyer, Jeffrey.Geyer@molinahealthcare.com, 305-317-3012
Media Contact: Caroline Zubieta, Caroline.Zubieta@molinahealthcare.com, 562-951-1588
Molina Healthcare Reports Fourth Quarter and Year-End 2024 Financial Results
Introduces Full Year 2025 Revenue and Earnings Guidance

Long Beach, Calif, February 5, 2025 – Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported fourth quarter 2024 GAAP earnings per diluted share of $4.44 and adjusted earnings per diluted share of $5.05. The Company also reported full year 2024 GAAP earnings per diluted share of $20.42 and adjusted earnings per diluted share of $22.65. Financial results are summarized below:
Three months endedYear ended
December 31,
 December 31,
 2024202320242023
(In millions, except per-share results)
Premium Revenue$9,983$8,362$38,627$32,529
Total Revenue$10,499$9,048$40,650$34,072
GAAP:
Net Income$251$216$1,179$1,091
EPS – Diluted$4.44$3.70$20.42$18.77
Medical Care Ratio (MCR)90.2 %89.1 %89.1 %88.1 %
G&A Ratio6.3 %7.1 %6.7 %7.2 %
After-tax Margin2.4 %2.4 %2.9 %3.2 %
Adjusted:
Net Income$286$255$1,308$1,213
EPS – Diluted$5.05$4.38$22.65$20.88
G&A Ratio6.3 %7.0 %6.7 %7.2 %
After-tax Margin2.7 %2.8 %3.2 %3.6 %
See the Reconciliation of Unaudited Non-GAAP Financial Measures at the end of this release.

Full Year Highlights
•As of December 31, 2024, the Company served approximately 5.5 million members.
•Premium revenue was approximately $38.6 billion for the full year 2024, an increase of 19% year over year.
•GAAP net income was $20.42 per diluted share for the full year 2024, an increase of 9% year over year.
•Adjusted net income was $22.65 per diluted share for the full year 2024, an increase of 8% year over year.
•The Company issued its full year 2025 earnings guidance with expected premium revenue of approximately $42 billion and adjusted earnings of at least $24.50 per diluted share, which includes approximately $1.00 per diluted share of implementation costs for recent
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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
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February 5, 2025
Medicaid and Medicare Duals contract wins scheduled to commence in 2026 and yields approximately 13% growth over 2024.
•New store embedded earnings is now at $7.75 per diluted share and reflects recent Medicaid and Medicare Duals contract wins.
“I am very pleased our 2024 revenue growth exceeded our long-term targets and we produced consolidated pre-tax margins within our long-term target range,” said Joseph Zubretsky, President and Chief Executive Officer. “Our earnings growth profile is solid heading into 2025, and we continue to execute on the long-term growth opportunities within all of our businesses. We remain confident in our ability to achieve our long-term financial targets.”

Premium Revenue
Premium revenue was approximately $38.6 billion for the full year 2024, an increase of 19% year over year. The higher premium revenue reflects new contract wins, acquisitions, and growth in our current footprint, partially offset by the impact of Medicaid redeterminations.

Net Income
GAAP net income for the full year 2024 was $20.42 per diluted share, an increase of 9% year over year. Adjusted net income for the full year 2024 was $22.65 per diluted share, an increase of 8% year over year.

Medical Care Ratio (MCR)
•The consolidated MCR for the full year 2024 was 89.1% and reflects continued focus on managing medical costs and a well-balanced portfolio of businesses.
•The Medicaid MCR for the full year 2024 was 90.3%. Within that result, approximately 30 basis points were due to Medicaid “new store” plans, which have continued to improve in line with the Company’s expectations, and approximately 20 basis points were due to a premium rate reduction retroactive to 2023. Excluding the new stores and retroactive premium adjustment, the Medicaid MCR was approximately 89.8%, which is higher than the Company’s long-term expectations and primarily due to the impact of redetermination-related acuity shifts and higher utilization that occurred during the second half of 2024.
•The Medicare MCR for the full year 2024 was 89.1%, which primarily reflects higher-than-expected utilization, partially offset by benefit adjustments implemented for 2024.
•The Marketplace MCR for the full year 2024 was 75.4%, better than the Company’s expectations, reflecting strong operating performance.

General and Administrative Expense Ratio
The G&A ratio and the adjusted G&A ratio for the full year 2024 were both 6.7%, reflecting disciplined cost management, operating leverage, and several one-time items.

Balance Sheet
Cash and investments at the parent company were $445 million as of December 31, 2024 compared to $742 million as of December 31, 2023. The Company purchased approximately 1.7 million shares for $500 million in the fourth quarter of 2024.
Days in claims payable at December 31, 2024 was 48.

Cash Flow
Operating cash flow for the year ended December 31, 2024 was $644 million, compared to $1,662 million for the year ended December 31, 2023. The decrease in cash flow year-over-year was primarily driven by the net impact of timing differences in government receivables and payables, specifically risk corridor settlements and accruals.
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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
Page 3
February 5, 2025

2025 Guidance
Premium revenue for the full year is expected to be approximately $42 billion, an increase of approximately 9% from the full year 2024.
The Company expects its full year GAAP earnings per share in 2025 to be at least $22.50 per share and its full year adjusted earnings per share in 2025 to be at least $24.50 per share, representing 8% growth over the full year 2024. This increase primarily reflects growth in the Company’s legacy footprint and continued realization of new store embedded earnings, partially offset by approximately $1.00 per diluted share of expected implementation costs in 2025 for recent Medicaid and Medicare Duals contract wins, and yields approximately 13% growth over 2024.
Guidance metrics are summarized below:
Full Year 2025 Guidance
Premium Revenue$42.0B
Total Revenue$44.0B
GAAP Net Income$1,251M
Adjusted Net Income$1,362M
GAAP EPS – Diluted>$22.50
Adjusted EPS – Diluted>$24.50
Diluted weighted average shares55.6M
Year End Total Membership5.9M
Medicaid5.0M
Medicare 250K
Marketplace580K
MCR88.7%
GAAP G&A Ratio7.2%
Adjusted G&A Ratio7.0%
Effective Tax Rate25.3%
GAAP After-tax Margin 2.8%
Adjusted After-tax Margin3.1%
See the Reconciliations of Unaudited Non-GAAP Financial Measures at the end of this release.

Conference Call
Management will host a conference call and webcast to discuss Molina Healthcare’s fourth quarter and year ended December 31, 2024 results at 8:00 a.m. Eastern Time on Thursday, February 6, 2025. The number to call for the interactive teleconference is (877) 883-0383 and the confirmation number is 6464707. A telephonic replay of the conference call will be available through Thursday, February 13, 2025, by dialing (877) 344-7529 and entering confirmation number 2353454. A live audio broadcast of this conference call will be available on Molina Healthcare’s investor relations website, investors.molinahealthcare.com. A 30-day online replay will be available approximately an hour following the conclusion of the live broadcast.

About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed healthcare services under the Medicaid and Medicare programs and through the state insurance marketplaces. For more information about Molina Healthcare, please visit molinahealthcare.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This earnings release and the Company’s accompanying oral remarks contain forward-looking statements. The Company intends such forward-looking statements to be covered under the
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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
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February 5, 2025
safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements provide current expectations of future events based on certain assumptions, and all statements other than statements of historical fact contained in this earnings release and the Company’s accompanying oral remarks may be forward-looking statements. In some cases, you can identify forward-looking statements by words such as “guidance,” “future,” “anticipates,” “believes,” “embedded,” “estimates,” “expects,” “growth,” “intends,” “plans,” “predicts,” “projects,” “will,” “would,” “could,” “can,” “may,” or the negative of these terms or other similar expressions. Forward-looking statements contained in this earnings release include, but are not limited to, statements regarding the Company’s 2025 guidance, expectations with respect to continued realization of embedded earnings and underlying organic growth, and our management’s plans and objectives for future operations and business strategy.
Actual results could differ materially due to numerous known and unknown risks and uncertainties. These risks and uncertainties are discussed under the headings “Forward-Looking Statements,” and “Risk Factors,” in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2023, which is on file with the U.S. Securities and Exchange Commission (the “SEC”), and in the Company’s other filings with the SEC, including its Quarterly Reports on Form 10-Q for the periods ended March 31, 2024, June 30, 2024, and September 30, 2024, which are on file with the SEC, and its Annual Report on Form 10-K for the year ended December 31, 2024, to be filed with the SEC.
These reports can be accessed under the investor relations tab of the Company’s website or on the SEC’s website at sec.gov. Given these risks and uncertainties, the Company can give no assurances that its forward-looking statements will prove to be accurate, or that any other results or developments projected or contemplated by its forward-looking statements will in fact occur, and the Company cautions investors not to place undue reliance on these statements. All forward-looking statements in this release represent the Company’s judgment as of February 5, 2025, and, except as otherwise required by law, the Company disclaims any obligation to update any forward-looking statement to conform the statement to actual results or changes in its expectations.
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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
Page 5
February 5, 2025
MOLINA HEALTHCARE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended
Year Ended
 December 31,December 31,
 2024202320242023
 (In millions, except per-share amounts)
Revenue:
Premium revenue$9,983 $8,362 $38,627 $32,529 
Premium tax revenue 383 552 1,486 1,069 
Investment income 111 114 452 394 
Other revenue22 20 85 80 
Total revenue10,499 9,048 40,650 34,072 
Operating expenses:
Medical care costs9,003 7,454 34,428 28,669 
General and administrative expenses665 645 2,743 2,462 
Premium tax expenses383 552 1,486 1,069 
Depreciation and amortization48 43 186 171 
Other20 38 100 128 
Total operating expenses10,119 8,732 38,943 32,499 
Operating income380 316 1,707 1,573 
Interest expense34 27 118 109 
Income before income tax expense
346 289 1,589 1,464 
Income tax expense95 73 410 373 
Net income$251 $216 $1,179 $1,091 
Net income per share – Diluted$4.44 $3.70 $20.42 $18.77 
Diluted weighted average shares outstanding
56.5 58.2 57.7 58.1 

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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
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February 5, 2025
MOLINA HEALTHCARE, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
20242023
Unaudited
(Dollars in millions,
except per-share amounts)
ASSETS
Current assets:
Cash and cash equivalents$4,662 $4,848 
Investments4,325 4,259 
Receivables3,299 3,104 
Prepaid expenses and other current assets487 331 
Total current assets12,773 12,542 
Property, equipment, and capitalized software, net288 270 
Goodwill and intangible assets, net1,938 1,449 
Restricted investments286 261 
Deferred income taxes, net207 227 
Other assets138 143 
Total assets$15,630 $14,892 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Medical claims and benefits payable$4,640 $4,204 
Amounts due government agencies 1,874 2,294 
Accounts payable, accrued liabilities and other1,331 1,252 
Deferred revenue51 418 
Total current liabilities7,896 8,168 
Long-term debt2,923 2,180 
Finance lease liabilities195 205 
Other long-term liabilities120 124 
Total liabilities11,134 10,677 
Stockholders’ equity:
Common stock, $0.001 par value, 150 million shares authorized; outstanding: 56 million shares at December 31, 2024, and 58 million at December 31, 2023
— — 
Preferred stock, $0.001 par value; 20 million shares authorized, no shares issued and outstanding
— — 
Additional paid-in capital462 410 
Accumulated other comprehensive loss(57)(82)
Retained earnings4,091 3,887 
Total stockholders’ equity4,496 4,215 
Total liabilities and stockholders’ equity$15,630 $14,892 
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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
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February 5, 2025
MOLINA HEALTHCARE, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended
December 31,
20242023
(In millions)
Operating activities:
Net income$1,179 $1,091 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization186 171 
Deferred income taxes53 (31)
Share-based compensation
116 115 
Other, net
8 2 
Changes in operating assets and liabilities:
Receivables(78)(778)
Prepaid expenses and other current assets(57)(69)
Medical claims and benefits payable(40)580 
Amounts due government agencies (453)196 
Accounts payable, accrued liabilities and other115 328 
Deferred revenue(367)59 
Income taxes(18)(2)
Net cash provided by operating activities644 1,662 
Investing activities:
Purchases of investments(1,132)(1,433)
Proceeds from sales and maturities of investments
1,111 772 
Net cash paid in business combinations(344)(3)
Purchases of property, equipment, and capitalized software
(100)(84)
Other, net 1 4 
Net cash used in investing activities(464)(744)
Financing activities:
Common stock purchases
(1,000)— 
Proceeds from senior notes offering, net of issuance costs740 — 
Proceeds from borrowings under credit facility300 — 
Repayment of credit facility(300)— 
Common stock withheld to settle employee tax obligations(57)(60)
Other, net (30)2 
Net cash used in financing activities(347)(58)
Net (decrease) increase in cash, cash equivalents, and restricted cash and cash equivalents(167)860 
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period
4,908 4,048 
Cash, cash equivalents, and restricted cash and cash equivalents at end of period
$4,741 $4,908 
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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
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February 5, 2025
MOLINA HEALTHCARE, INC.
UNAUDITED SEGMENT DATA
(Dollars in millions)


December 31,
20242023
Ending Membership by Segment:
Medicaid4,890,000 4,542,000 
Medicare242,000 172,000 
Marketplace403,000 281,000 
Total5,535,000 4,995,000 


Three Months Ended December 31,
20242023
Premium RevenueMedical
Margin
MCR (1)
Premium RevenueMedical
Margin
MCR (1)
Medicaid $8,041 $791 90.2 %$6,782 $731 89.2 %
Medicare 1,292 81 93.8 1,057 71 93.3 
Marketplace650 108 83.3 523 106 79.8 
Consolidated$9,983 $980 90.2 %$8,362 $908 89.1 %

Year Ended December 31,
20242023
Premium RevenueMedical
Margin
MCR (1)
Premium RevenueMedical
Margin
MCR (1)
Medicaid $30,579 $2,979 90.3 %$26,327 $2,973 88.7 %
Medicare 5,542 603 89.1 4,179 388 90.7 
Marketplace2,506 617 75.4 2,023 499 75.3 
Consolidated$38,627 $4,199 89.1 %$32,529 $3,860 88.1 %
(1)The MCR represents medical costs as a percentage of premium revenue.

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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
Page 9
February 5, 2025
MOLINA HEALTHCARE, INC.
CHANGE IN MEDICAL CLAIMS AND BENEFITS PAYABLE
(Dollars in millions)

The Company’s claims liabilities include additional reserves to account for moderately adverse conditions based on historical experience and other factors including, but not limited to, variations in claims payment patterns, changes in utilization and cost trends, known outbreaks of disease, and large claims. The Company’s reserving methodology is consistently applied across all periods presented. The amounts displayed for “Components of medical care costs related to: Prior year” represent the amounts by which the original estimates of claims and benefits payable at the beginning of the year were more than the actual liabilities based on information (principally the payment of claims) developed since those liabilities were first reported. The following table presents the components of the change in medical claims and benefits payable for the periods indicated:
Year Ended
December 31,
20242023
Unaudited
Medical claims and benefits payable, beginning balance
$4,204 $3,528 
Components of medical care costs related to:
Current year35,103 29,096 
Prior year(675)(427)
Total medical care costs34,428 28,669 
Payments for medical care costs related to:
Current year31,060 25,615 
Prior year3,239 2,734 
Total paid34,299 28,349 
Acquired balances, net of post-acquisition adjustments476 96 
Change in non-risk and other payables(169)260 
Medical claims and benefits payable, ending balance
$4,640 $4,204 
Days in Claims Payable (1)
48 50 
__________________
(1)The Company calculates Days in Claims Payable using claims incurred but not paid, or IBNP, and other fee-for-service payables included in medical claims and benefits payable, and quarterly fee-for-service related costs included in medical care costs within the Company’s consolidated financial statements.

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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
Page 10
February 5, 2025
MOLINA HEALTHCARE, INC.
RECONCILIATION OF UNAUDITED NON-GAAP FINANCIAL MEASURES
(In millions, except per diluted share amounts)

The Company believes that certain non-GAAP (generally accepted accounting principles) financial measures are useful supplemental measures to investors in comparing the Company’s performance to the performance of other public companies in the health care industry. The non-GAAP financial measures are also used internally to enable management to assess the Company’s performance consistently over time. These non-GAAP financial measures, presented below, should be considered as supplements to, and not as substitutes for or superior to, GAAP measures.
Adjustments represent additions and deductions to GAAP net income as indicated in the table below, which include the non-cash impact of amortization of acquired intangible assets, acquisition-related expenses, and the impact of certain expenses and other items that management believes are not indicative of longer-term business trends and operations.
Adjusted G&A Ratio represents the GAAP G&A ratio, recognizing adjustments.
Adjusted net income represents GAAP net income recognizing the adjustments, net of tax. The Company believes that adjusted net income is helpful to investors in assessing the Company’s financial performance.
Adjusted net income per diluted share represents adjusted net income divided by weighted average common shares outstanding on a fully diluted basis.
Adjusted after-tax margin represents adjusted net income, divided by total revenue.
Three Months Ended December 31,Year Ended December 31,
2024202320242023
AmountPer Diluted ShareAmountPer Diluted ShareAmountPer Diluted ShareAmountPer Diluted Share
GAAP Net income
$251 $4.44 $216 $3.70 $1,179 $20.42 $1,091 $18.77 
Adjustments:
Amortization of intangible assets
$21 $0.36 $22 $0.37 $83 $1.43 $85 $1.47 
Acquisition-related expenses (1)
20 0.35 3 0.05 66 1.14 7 0.12 
Other (2)
— — 27 0.47 16 0.28 68 1.17 
Subtotal, adjustments
41 0.71 52 0.89 165 2.85 160 2.76 
Income tax effect
(6)(0.10)(13)(0.21)(36)(0.62)(38)(0.65)
Adjustments, net of tax
35 0.61 39 0.68 129 2.23 122 2.11 
Adjusted net income
$286 $5.05 $255 $4.38 $1,308 $22.65 $1,213 $20.88 
__________________
(1)Reflects non-recurring costs associated with acquisitions, including various transaction and certain integration costs.
(2)The year ended December 31, 2024 includes non-recurring litigation. The year ended December 31, 2023, reflects a non-recurring credit loss on 2022 Marketplace risk adjustment receivables due to the insolvency of an issuer in the Texas risk pool, non-recurring litigation and one-time termination benefits.
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Molina Healthcare, Inc. Reports Fourth Quarter and Year-End 2024 Financial Results
Page 11
February 5, 2025
MOLINA HEALTHCARE, INC.
RECONCILIATION OF UNAUDITED NON-GAAP FINANCIAL MEASURES (CONTINUED)
2025 GUIDANCE


Amount
Per Diluted Share (2)
GAAP Net income
$1,251 $22.50 
Adjustments:
Amortization of intangible assets96 1.73 
Acquisition-related expenses
51 0.92 
Subtotal, adjustments
147 2.65 
Income tax effect (1)
(36)(0.65)
Adjustments, net of tax
111 2.00 
Adjusted net income
$1,362 $24.50 
__________________
(1)Income tax effect calculated at the statutory tax rate of approximately 24.1%.
(2)Computations assume approximately 55.6 million diluted weighted average shares outstanding.

Non-GAAP Financial Measures
The Company includes in this release the financial measure, “new store embedded earnings,” which is a non-GAAP measure. The term is defined as the incremental diluted earnings per share impact that we expect to achieve between 2026 and 2028 related to newly awarded but not yet commenced state Medicaid contracts, and recently closed and announced acquisitions. The incremental impact reflects the expected full-year earnings for the newly-awarded California, Iowa, Nebraska, New Mexico, Texas, and Georgia Medicaid contracts, the newly-awarded Idaho, Massachusetts, Michigan, and Ohio Medicare Duals contracts, and the California Medicare Health Plans and ConnectiCare acquisitions, not yet included in the 2025 full-year guidance issued by the Company. This measure excludes amortization of intangible assets and non-recurring costs associated with acquisitions, including various transaction and integration costs. The Company and management believe this measure is useful to investors in assessing the Company’s expected performance related to new Medicaid contracts and acquisitions, and is used internally to enable management to assess the Company’s performance consistently over time. New store embedded earnings should be considered as a supplement to, and not as a substitute for or superior to, GAAP measures. Management is unable to reconcile this measure to the growth in GAAP earnings per share, the most directly comparable GAAP measure, without unreasonable effort due to the unknown impact from the amortization of intangible assets related to recently announced acquisitions, which cannot be determined until purchase accounting valuations are completed. Non-recurring costs associated with the recently announced acquisitions are estimated at approximately $20 million.
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v3.25.0.1
Cover Page Document
Feb. 05, 2025
Cover [Abstract]  
Entity Central Index Key 0001179929
Document Type 8-K
Entity Emerging Growth Company false
Title of 12(b) Security Common Stock, $0.001 Par Value
Entity Incorporation, State or Country Code DE
Entity File Number 1-31719
Entity Tax Identification Number 13-4204626
Trading Symbol MOH
Security Exchange Name NYSE
Document Period End Date Feb. 05, 2025
Entity Registrant Name MOLINA HEALTHCARE, INC.
City Area Code 562
Local Phone Number 435-3666
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Amendment Flag false
Entity Address, Address Line One 200 Oceangate, Suite 100,
Entity Address, City or Town Long Beach,
Entity Address, State or Province CA
Entity Address, Postal Zip Code 90802
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