Change Healthcare Inc. (CHNG) Income Statement Analysis

See more : Blue Whale Acquisition Corp I (BWC) Income Statement Analysis – Financial Results

Complete financial analysis of Change Healthcare Inc. (CHNG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Change Healthcare Inc., a leading company in the Medical – Healthcare Information Services industry within the Healthcare sector.

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Change Healthcare Inc. (CHNG)

Industry: Medical - Healthcare Information Services

Sector: Healthcare

Website: https://www.changehealthcare.com

About Change Healthcare Inc.

Change Healthcare Inc., an independent healthcare technology company, provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the United States healthcare system. It operates through three segments: Software and Analytics, Network Solutions, and Technology-Enabled Services. The Software and Analytics segment offers software and analytics solutions for revenue cycle management, provider network management, payment accuracy, clinical decision support, value-based payment, consumer engagement, risk adjustment and quality performance, and imaging and clinical workflow. The Network Solutions segment provides solutions for financial, administrative, and clinical and pharmacy transactions; connected consumer health; network; electronic payments; data; pharmacy; and aggregation and analytics of clinical and financial data. The Technology-Enabled Services segment offers solutions for financial and administrative management, value-based care, communication and payment, pharmacy benefits administration, and healthcare consulting. The company serves commercial insurers, private insurers, BlueCross Blue Shield plans, Medicare/Medicaid plans, provider-sponsored payers, third party administrators, emerging technology and data-driven health plans, and other specialty health benefits insurers, as well as hospitals and health systems, physician practices, dentists, pharmacies, skilled nursing facilities, home health agencies, telehealth providers, senior care facilities, laboratories, and other healthcare providers. Change Healthcare Inc. was incorporated in 2016 and is headquartered in Nashville, Tennessee.

Metric	2022	2021	2020	2019	2018
Revenue	3.48B	3.09B	196.79M	0.00	0.00
Cost of Revenue	0.00	1.53B	84.07M	0.00	0.00
Gross Profit	3.48B	1.56B	112.73M	0.00	0.00
Gross Profit Ratio	100.00%	50.44%	57.28%	0.00%	0.00%
Research & Development	277.93M	227.04M	11.56M	0.00	0.00
General & Administrative	0.00	0.00	0.00	1.16M	180.00K
Selling & Marketing	0.00	0.00	39.89M	0.00	0.00
SG&A	734.55M	686.65M	39.89M	1.16M	180.00K
Other Expenses	2.33B	1.28B	195.47M	-2.32M	-360.00K
Operating Expenses	3.34B	1.50B	246.92M	-1.16M	-180.00K
Cost & Expenses	3.34B	3.04B	330.99M	1.16M	180.00K
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	234.24M	245.24M	16.65M	0.00	0.00
Depreciation & Amortization	681.81M	592.37M	30.84M	-69.45M	-58.49M
EBITDA	907.27M	1.43B	-1.00B	-70.61M	-58.67M
EBITDA Ratio	26.06%	22.33%	-530.18%	0.00%	0.00%
Operating Income	225.47M	100.07M	-711.18M	-1.16M	-180.00K
Operating Income Ratio	6.48%	3.24%	-361.39%	0.00%	0.00%
Total Other Income/Expenses	-331.47M	-247.47M	-379.67M	-69.45M	-58.49M
Income Before Tax	-106.00M	-147.40M	-1.09B	-70.61M	-58.67M
Income Before Tax Ratio	-3.05%	-4.77%	-554.32%	0.00%	0.00%
Income Tax Expense	48.61M	-35.19M	-143.25M	-18.60M	-119.62M
Net Income	-154.61M	-112.21M	-947.60M	-52.01M	60.96M
Net Income Ratio	-4.44%	-3.63%	-481.52%	0.00%	0.00%
EPS	-0.48	-0.35	-6.92	-0.44	0.52
EPS Diluted	-0.48	-0.35	-6.92	-0.44	0.52
Weighted Avg Shares Out	324.00M	320.77M	137.00M	118.33M	118.33M
Weighted Avg Shares Out (Dil)	324.00M	320.77M	137.00M	118.33M	118.33M

UnitedHealth subsidiary Change Healthcare down for a fourth day following cyberattack

February 24, 2024cnbc.com

Change Healthcare's systems are down for the fourth day in a row after parent company UnitedHealth disclosed a suspected cyberattack.

Hack against Change Healthcare 'resulting in delays', says American Pharmacists Association

February 23, 2024reuters.com

The American Pharmacists Association on Friday said that many pharmacies throughout America could not transmit insurance claims for their patients after UnitedHealth Group's Change Healthcare reported a hack earlier this week.

Change Healthcare Cyberattack Disrupts Services Nationwide—Here's What To Know

February 23, 2024forbes.com

An cybersecurity attack at Change Healthcare—a subsidiary of UnitedHealth Group—that began Wednesday has caused prescription delays and disruptions at a number of pharmacies across the U.S. and is ongoing Friday.

Change Healthcare network hit by cybersecurity attack

February 21, 2024reuters.com

UnitedHealth Group-owned Change Healthcare said on its status page that it was hit by a cybsecurity attack on its systems on Wednesday, saying the disruption will last at least through the day.

US health tech giant Change Healthcare hit by cyberattack

February 21, 2024techcrunch.com

U.S. healthcare technology giant Change Healthcare has confirmed a cyberattack on its systems. In a brief statement, the company said it was “experiencing a network interruption related to a cyber security issue.

AM Best Comments on Credit Ratings of UnitedHealth Group Incorporated and Its Subsidiaries Following Completion of Change Healthcare Inc. Acquisition

October 4, 2022businesswire.com

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of UnitedHealth Group Incorporated (UnitedHealth Group) (Minnetonka, MN) [NYSE:UNH] and its insurance subsidiaries remain unchanged following its completed acquisition of Change Healthcare Inc. (Change Healthcare) (Nashville, TN) [NASDAQ:CHNG],...