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Complete financial analysis of MultiPlan Corporation (MPLN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MultiPlan Corporation, a leading company in the Medical – Healthcare Information Services industry within the Healthcare sector.
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MultiPlan Corporation (MPLN)
Industry: Medical - Healthcare Information Services
Sector: Healthcare
Website: https://www.multiplan.us
About MultiPlan Corporation
MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services, which reduce medical costs through data-driven algorithms that detect claims over-charges and recommend or negotiate reimbursement; network-based services that reduce medical costs through contracted discounts with healthcare providers; and payment and revenue integrity services, which reduce medical costs by identifying and removing improper and unnecessary charges paid during the claim. It also provides health benefit plans, which features reference-based pricing and tools to engage health plan members and providers to make the use of benefits before and after care delivery. The company serves national insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, third party administrators, bill review companies, Taft-Hartley plans, and other entities that pay medical bills in the commercial healthcare, government, workers' compensation, and auto medical markets. MultiPlan Corporation was founded in 1980 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 961.52M | 1.08B | 1.12B | 937.76M | 982.90M | 1.04B | 1.07B |
| Cost of Revenue | 655.49M | 204.10M | 175.29M | 318.68M | 149.61M | 149.46M | 193.66M |
| Gross Profit | 306.04M | 875.62M | 942.31M | 619.09M | 833.29M | 891.42M | 873.61M |
| Gross Profit Ratio | 31.83% | 81.10% | 84.32% | 66.02% | 84.78% | 85.64% | 81.86% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 135.99M | 166.84M | 151.10M | 355.64M | 75.23M | 77.56M | 122.92M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 135.99M | 166.84M | 151.10M | 355.64M | 75.23M | 77.56M | 122.92M |
| Other Expenses | 0.00 | 409.29M | 405.10M | 395.27M | 389.86M | 386.32M | 0.00 |
| Operating Expenses | 564.07M | 576.13M | 556.19M | 750.91M | 465.09M | 463.88M | 530.03M |
| Cost & Expenses | 788.12M | 780.23M | 731.48M | 1.07B | 614.69M | 613.34M | 723.68M |
| Interest Income | 8.23M | 3.50M | 30.00K | 288.00K | 196.00K | 51.00K | 281.96M |
| Interest Expense | 333.21M | 303.40M | 267.48M | 335.64M | 376.35M | 383.26M | 0.00 |
| Depreciation & Amortization | 425.79M | 415.66M | 412.06M | 403.68M | 399.45M | 386.32M | 387.06M |
| EBITDA | 651.93M | 158.32M | 814.99M | 192.41M | 786.31M | 813.91M | 750.69M |
| EBITDA Ratio | 67.80% | 66.56% | 71.42% | 31.83% | 77.15% | 78.19% | 70.34% |
| Operating Income | 173.40M | 302.99M | 386.12M | -105.17M | 368.21M | 427.54M | 363.64M |
| Operating Income Ratio | 18.03% | 28.06% | 34.55% | -11.22% | 37.46% | 41.07% | 34.07% |
| Total Other Income/Expenses | -280.46M | -198.01M | -250.67M | -415.09M | -357.70M | -383.21M | -302.02M |
| Income Before Tax | -107.06M | -560.74M | 135.45M | -555.97M | 10.51M | 44.33M | 61.62M |
| Income Before Tax Ratio | -11.13% | -51.93% | 12.12% | -59.29% | 1.07% | 4.26% | 5.77% |
| Income Tax Expense | -15.36M | 12.17M | 33.37M | -26.34M | 799.00K | 8.11M | 586.51M |
| Net Income | -91.70M | -572.91M | 102.08M | -529.63M | 9.71M | 36.22M | 648.13M |
| Net Income Ratio | -9.54% | -53.06% | 9.13% | -56.48% | 0.99% | 3.48% | 60.73% |
| EPS | -0.14 | -0.90 | 0.16 | -1.12 | 0.08 | 0.29 | 5.19 |
| EPS Diluted | -0.14 | -0.90 | 0.16 | -1.12 | 0.08 | 0.29 | 5.19 |
| Weighted Avg Shares Out | 645.14M | 638.93M | 651.01M | 470.79M | 125.00M | 125.00M | 125.00M |
| Weighted Avg Shares Out (Dil) | 645.13M | 638.93M | 651.53M | 470.79M | 125.00M | 125.00M | 125.00M |
MultiPlan Corporation Announces First Quarter 2024 Earnings Conference Call
MultiPlan Corporation Receives Continued Listing Standard Notice from NYSE
MultiPlan Appoints Jerry Hogge as Chief Operating Officer
Grant of Awards to New MultiPlan CEO, Travis Dalton, under NYSE Listing Rules
MultiPlan Corporation (MPLN) Q4 2023 Earnings Call Transcript
Top 4 Health Care Stocks That May Explode This Month - Mesoblast (NASDAQ:MESO), Humana (NYSE:HUM)
MultiPlan Announces CEO Succession Plan
NYSE to Commence Delisting Proceedings with Respect to the Warrants of MultiPlan Corporation (MPLN.WS)
MultiPlan Corporation (MPLN) Q3 2023 Earnings Call Transcript
MultiPlan Sees Uptick In Utilization But Revenue Growth Is A Challenge
Source: https://incomestatements.info
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