XML 17 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net revenue:        
Managed care and other $ 699,861 $ 776,240 $ 1,376,322 $ 1,524,890
PBM and dispensing 464,484 381,367 905,045 613,685
Total net revenue 1,164,345 1,157,607 2,281,367 2,138,575
Costs and expenses:        
Cost of care 472,529 568,288 930,160 1,090,616
Cost of goods sold 436,930 361,409 852,389 579,616
Direct service costs and other operating expenses (1) (2) (3) [1],[2],[3] 214,077 191,455 406,533 395,905
Depreciation and amortization 25,580 25,022 50,587 48,518
Interest expense 1,994 1,653 3,742 3,279
Interest income (692) (500) (1,375) (966)
Total costs and expenses 1,150,418 1,147,327 2,242,036 2,116,968
Income before income taxes 13,927 10,280 39,331 21,607
Provision for income taxes 12,615 5,987 24,628 10,120
Net income 1,312 4,293 14,703 11,487
Less: net (loss) income attributable to non-controlling interest (2,646) (350) (2,492) (444)
Net income attributable to Magellan Health, Inc. $ 3,958 $ 4,643 $ 17,195 $ 11,931
Net income per common share attributable to Magellan Health, Inc.:        
Basic (in dollars per share) $ 0.17 $ 0.18 $ 0.73 $ 0.47
Diluted (in dollars per share) $ 0.16 $ 0.17 $ 0.70 $ 0.45
[1] Includes changes in fair value of contingent consideration of $2,567 and $463 for the three months ended June 30, 2015 and 2016, respectively, and $17,536 and $197 for the six months ended June 30, 2015 and 2016, respectively.Includes impairment of intangible assets of $4,800 for the three and six months ended June 30, 2016.
[2] Includes impairment of intangible assets of $4,800 for the three and six months ended June 30, 2016.
[3] Includes stock compensation expense of $13,795 and $9,510 for the three months ended June 30, 2015 and 2016, respectively,