XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net revenue:        
Net revenue $ 1,100,075 $ 1,154,289 $ 2,222,454 $ 2,273,295
Costs and expenses:        
Cost of care 321,831 408,911 670,939 778,008
Cost of goods sold 528,067 501,081 1,061,308 1,027,395
Direct service costs and other operating expenses (1) 199,756 195,907 403,997 398,207
Depreciation and amortization 23,888 28,191 47,246 53,608
Interest expense 7,995 9,070 16,953 18,107
Interest and other income (551) (1,821) (1,770) (3,580)
Special charges 8,309   8,309  
Total costs and expenses 1,089,295 1,141,339 2,206,982 2,271,745
Income from continuing operations before income taxes 10,780 12,950 15,472 1,550
Provision (benefit) for income taxes (36,328) 5,735 (30,566) 2,526
Net income (loss) from continuing operations 47,108 7,215 46,038 (976)
Income from discontinued operations, net of tax 36,397 6,398 55,717 15,020
Net income $ 83,505 $ 13,613 $ 101,755 $ 14,044
Basic        
Continuing operations (in dollars per share) $ 1.88 $ 0.30 $ 1.85 $ (0.04)
Discontinued operations (in dollars per share) 1.45 0.26 2.24 0.62
Consolidated operations (in dollars per share) 3.33 0.56 4.09 0.58
Diluted        
Continuing operations (in dollars per share) 1.86 0.30 1.84 (0.04)
Discontinued operations (in dollars per share) 1.44 0.26 2.22 0.62
Consolidated operations (in dollars per share) $ 3.30 $ 0.56 $ 4.06 $ 0.58
Other comprehensive income        
Unrealized gains on available-for-sale securities $ 659 $ 419 $ 458 $ 739
Comprehensive income attributable to Magellan 84,164 14,032 102,213 14,783
Managed care and other        
Net revenue:        
Net revenue 548,711 608,614 1,101,879 1,175,162
PBM        
Net revenue:        
Net revenue $ 551,364 $ 545,675 $ 1,120,575 $ 1,098,133