10-Q Filing

MOLINA HEALTHCARE, INC. CIK: 1179929 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001179929-21-000171`
Period End Date	20210930
Filing Date	20211028
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	moh-20210930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 92 Cash Flow Statement 72 Stockholders Equity 48 Comprehensive Income 27

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.36B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.20B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	58.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	59.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.15B	USD	Point-in-time
Investments	`MarketableSecuritiesCurrent`	$1.88B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investments	`MarketableSecuritiesCurrent`	$2.90B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.91B	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Receivables	`ReceivablesNetCurrent`	$1.67B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$175.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$197.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.88B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.37B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, equipment, and capitalized software, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$391.00M	USD	Point-in-time
Property, equipment, and capitalized software, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$385.00M	USD	Point-in-time
Goodwill, and intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$915.00M	USD	Point-in-time
Goodwill, and intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$941.00M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$136.00M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$156.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$69.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$83.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$128.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$119.00M	USD	Point-in-time
Total assets	`Assets`	$9.53B	USD	Point-in-time
Total assets	`Assets`	$11.03B	USD	Point-in-time
Medical claims and benefits payable	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$1.85B	USD	Point-in-time
Medical claims and benefits payable	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$2.70B	USD	Point-in-time
Medical claims and benefits payable	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$3.19B	USD	Point-in-time
Medical claims and benefits payable	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$2.29B	USD	Point-in-time
Amounts due government agencies	`MedicalPremiumLiabilityDueToAgency`	$1.25B	USD	Point-in-time
Amounts due government agencies	`MedicalPremiumLiabilityDueToAgency`	$2.08B	USD	Point-in-time
Accounts payable, accrued liabilities and other	`AccountsPayableAndAccruedLiabilitiesCurrent`	$797.00M	USD	Point-in-time
Accounts payable, accrued liabilities and other	`AccountsPayableAndAccruedLiabilitiesCurrent`	$641.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$375.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.07B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.96B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.13B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.13B	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$220.00M	USD	Point-in-time
Finance lease liabilities	`FinanceLeaseLiabilityNoncurrent`	$225.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$95.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$119.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.52B	USD	Point-in-time
Total liabilities	`Liabilities`	$7.44B	USD	Point-in-time
Common stock, $0.001 par value, 150 million shares authorized; outstanding: 58 million shares at September 30, 2021, and 59 million shares at December 31, 2020	`CommonStockValueOutstanding`	-	USD	Point-in-time
Common stock, $0.001 par value, 150 million shares authorized; outstanding: 58 million shares at September 30, 2021, and 59 million shares at December 31, 2020	`CommonStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 20 million shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 20 million shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$205.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$199.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$37.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.86B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.30B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.52B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.10B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$11.03B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$9.53B	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Premium revenue	`PremiumsEarnedNet`	$19.69B	USD	3 Qtrs
Premium revenue	`PremiumsEarnedNet`	$13.44B	USD	3 Qtrs
Premium revenue	`PremiumsEarnedNet`	$6.80B	USD	1 Quarter
Premium revenue	`PremiumsEarnedNet`	$4.77B	USD	1 Quarter
Premium tax revenue	`HealthCareOrganizationPremiumTaxRevenue`	$477.00M	USD	3 Qtrs
Premium tax revenue	`HealthCareOrganizationPremiumTaxRevenue`	$204.00M	USD	1 Quarter
Premium tax revenue	`HealthCareOrganizationPremiumTaxRevenue`	$170.00M	USD	1 Quarter
Premium tax revenue	`HealthCareOrganizationPremiumTaxRevenue`	$576.00M	USD	3 Qtrs
Health insurer fees reimbursed	`HealthCareOrganizationInsurerFeeRevenue`	$69.00M	USD	1 Quarter
Health insurer fees reimbursed	`HealthCareOrganizationInsurerFeeRevenue`	-	USD	1 Quarter
Health insurer fees reimbursed	`HealthCareOrganizationInsurerFeeRevenue`	$206.00M	USD	3 Qtrs
Health insurer fees reimbursed	`HealthCareOrganizationInsurerFeeRevenue`	-	USD	3 Qtrs
Investment income	`NetInvestmentIncome`	$20.00M	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$10.00M	USD	1 Quarter
Investment income	`NetInvestmentIncome`	$48.00M	USD	3 Qtrs
Investment income	`NetInvestmentIncome`	$39.00M	USD	3 Qtrs
Other revenue	`InterestAndDividendIncomeOperating`	$13.00M	USD	3 Qtrs
Other revenue	`InterestAndDividendIncomeOperating`	$16.00M	USD	1 Quarter
Other revenue	`InterestAndDividendIncomeOperating`	$4.00M	USD	1 Quarter
Other revenue	`InterestAndDividendIncomeOperating`	$58.00M	USD	3 Qtrs
Total revenue	`Revenues`	$5.02B	USD	1 Quarter
Total revenue	`Revenues`	$20.36B	USD	3 Qtrs
Total revenue	`Revenues`	$14.19B	USD	3 Qtrs
Total revenue	`Revenues`	$7.04B	USD	1 Quarter
Medical care costs	`CostOfGoodsAndServicesSold`	$4.10B	USD	1 Quarter
Medical care costs	`CostOfGoodsAndServicesSold`	$17.34B	USD	3 Qtrs
Medical care costs	`CostOfGoodsAndServicesSold`	$11.41B	USD	3 Qtrs
Medical care costs	`CostOfGoodsAndServicesSold`	$6.05B	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.03B	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$368.00M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.49B	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$532.00M	USD	1 Quarter
Premium tax expenses	`PremiumTaxExpenses`	$477.00M	USD	3 Qtrs
Premium tax expenses	`PremiumTaxExpenses`	$170.00M	USD	1 Quarter
Premium tax expenses	`PremiumTaxExpenses`	$576.00M	USD	3 Qtrs
Premium tax expenses	`PremiumTaxExpenses`	$204.00M	USD	1 Quarter
Health insurer fees	`HealthCareOrganizationInsurerFeeExpense`	-	USD	3 Qtrs
Health insurer fees	`HealthCareOrganizationInsurerFeeExpense`	-	USD	1 Quarter
Health insurer fees	`HealthCareOrganizationInsurerFeeExpense`	$70.00M	USD	1 Quarter
Health insurer fees	`HealthCareOrganizationInsurerFeeExpense`	$209.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$23.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$96.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$32.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$64.00M	USD	3 Qtrs
Other	`OtherCostAndExpenseOperating`	$3.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$2.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$9.00M	USD	3 Qtrs
Other	`OtherCostAndExpenseOperating`	$30.00M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$6.82B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$13.20B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$4.73B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$19.53B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$289.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$221.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$829.00M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$987.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$30.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$90.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$72.00M	USD	3 Qtrs
Interest expense	`InterestExpense`	$27.00M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-5.00M	USD	3 Qtrs
Total other expenses, net	`NonoperatingIncomeExpense`	$-30.00M	USD	1 Quarter
Total other expenses, net	`NonoperatingIncomeExpense`	$-90.00M	USD	3 Qtrs
Total other expenses, net	`NonoperatingIncomeExpense`	$-77.00M	USD	3 Qtrs
Total other expenses, net	`NonoperatingIncomeExpense`	$-27.00M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$910.00M	USD	3 Qtrs
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$262.00M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$191.00M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$739.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$271.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$48.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$183.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$77.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$185.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$143.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$556.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$276.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$639.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$178.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$185.00M	USD	1 Quarter
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$10.80	USD	3 Qtrs
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$3.14	USD	1 Quarter
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$2.49	USD	1 Quarter
Net income per share - Basic (in dollars per share)	`EarningsPerShareBasic`	$9.63	USD	3 Qtrs
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.46	USD	1 Quarter
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$9.51	USD	3 Qtrs
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$10.65	USD	3 Qtrs
Net income per share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.10	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$178.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$639.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$185.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$556.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$276.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$143.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$185.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$96.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$64.00M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.00M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$8.00M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$43.00M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$49.00M	USD	3 Qtrs
Loss on debt repayment	`GainsLossesOnExtinguishmentOfDebt`	$-5.00M	USD	3 Qtrs
Loss on debt repayment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$2.00M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$9.00M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$369.00M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$247.00M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$98.00M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$43.00M	USD	3 Qtrs
Medical claims and benefits payable	`IncreaseDecreaseInHealthCareInsuranceLiabilities`	$522.00M	USD	3 Qtrs
Medical claims and benefits payable	`IncreaseDecreaseInHealthCareInsuranceLiabilities`	$431.00M	USD	3 Qtrs
Amounts due government agencies	`IncreaseDecreaseInMedicalPremiumLiabilityDueToAgency`	$810.00M	USD	3 Qtrs
Amounts due government agencies	`IncreaseDecreaseInMedicalPremiumLiabilityDueToAgency`	$-24.00M	USD	3 Qtrs
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$129.00M	USD	3 Qtrs
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$63.00M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-188.00M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-374.00M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$23.00M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$34.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$599.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.52B	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$670.00M	USD	3 Qtrs
Purchases of investments	`PaymentsToAcquireMarketableSecurities`	$2.02B	USD	3 Qtrs
Proceeds from sales and maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$891.00M	USD	3 Qtrs
Proceeds from sales and maturities of investments	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$965.00M	USD	3 Qtrs
Purchases of property, equipment and capitalized software	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.00M	USD	3 Qtrs
Purchases of property, equipment and capitalized software	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.00M	USD	3 Qtrs
Net cash paid in business combinations	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$62.00M	USD	3 Qtrs
Net cash paid in business combinations	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$98.00M	USD	3 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.11B	USD	3 Qtrs
Common stock purchases	`PaymentsForRepurchaseOfCommonStock`	$453.00M	USD	3 Qtrs
Common stock purchases	`PaymentsForRepurchaseOfCommonStock`	$128.00M	USD	3 Qtrs
Common stock withheld to settle employee tax obligations	`CommonStockWithheldToSettleEmployeeTaxObligations`	$8.00M	USD	3 Qtrs
Common stock withheld to settle employee tax obligations	`CommonStockWithheldToSettleEmployeeTaxObligations`	$52.00M	USD	3 Qtrs
Contingent consideration liabilities settled	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$20.00M	USD	3 Qtrs
Contingent consideration liabilities settled	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	3 Qtrs
Proceeds from senior notes offering, net of issuance costs	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$789.00M	USD	3 Qtrs
Proceeds from senior notes offering, net of issuance costs	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	3 Qtrs
Repayment of term loan facility	`RepaymentsOfLinesOfCredit`	$600.00M	USD	3 Qtrs
Repayment of term loan facility	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Proceeds from borrowings under term loan facility	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Proceeds from borrowings under term loan facility	`ProceedsFromLinesOfCredit`	$380.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-47.00M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.00M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$61.00M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-204.00M	USD	3 Qtrs
Net increase in cash, cash equivalents, and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$212.00M	USD	3 Qtrs
Net increase in cash, cash equivalents, and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$758.00M	USD	3 Qtrs
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.22B	USD	Point-in-time
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.51B	USD	Point-in-time
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.27B	USD	Point-in-time
Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.43B	USD	Point-in-time
Cash, cash equivalents, and restricted cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.27B	USD	Point-in-time
Cash, cash equivalents, and restricted cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.43B	USD	Point-in-time
Cash, cash equivalents, and restricted cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.51B	USD	Point-in-time
Cash, cash equivalents, and restricted cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.22B	USD	Point-in-time

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance (in shares)	`SharesOutstanding`	61.90M	shares	Point-in-time
Beginning Balance (in shares)	`SharesOutstanding`	58.70M	shares	Point-in-time
Beginning Balance (in shares)	`SharesOutstanding`	57.80M	shares	Point-in-time
Beginning Balance (in shares)	`SharesOutstanding`	58.00M	shares	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.37B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.52B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.16B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.65B	USD	Point-in-time
Net income	`NetIncomeLoss`	$185.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$143.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$276.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$556.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$178.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$639.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$185.00M	USD	1 Quarter
Common stock purchases	`StockRepurchasedDuringPeriodValue`	$446.00M	USD	1 Quarter
Common stock purchases	`StockRepurchasedDuringPeriodValue`	$122.00M	USD	1 Quarter
Termination of warrants	`AdjustmentsToAdditionalPaidInCapitalOther`	$-30.00M	USD	1 Quarter
Other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.00M	USD	1 Quarter
Other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$33.00M	USD	3 Qtrs
Other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-11.00M	USD	1 Quarter
Other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.00M	USD	1 Quarter
Other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-19.00M	USD	1 Quarter
Other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-20.00M	USD	3 Qtrs
Other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$47.00M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.00M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$15.00M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$14.00M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$26.00M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-27.00M	USD	1 Quarter
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$21.00M	USD	1 Quarter
Ending Balance (in shares)	`SharesOutstanding`	58.00M	shares	Point-in-time
Ending Balance (in shares)	`SharesOutstanding`	57.80M	shares	Point-in-time
Ending Balance (in shares)	`SharesOutstanding`	58.70M	shares	Point-in-time
Ending Balance (in shares)	`SharesOutstanding`	61.90M	shares	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.10B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.37B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.20B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.52B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.16B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.00B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.65B	USD	Point-in-time

Comprehensive Income 27 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$178.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$639.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$228.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$185.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$556.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$276.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$143.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$185.00M	USD	1 Quarter
Unrealized investment (loss) income	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$43.00M	USD	3 Qtrs
Unrealized investment (loss) income	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-13.00M	USD	1 Quarter
Unrealized investment (loss) income	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-27.00M	USD	3 Qtrs
Unrealized investment (loss) income	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$6.00M	USD	1 Quarter
Less: effect of income taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-7.00M	USD	3 Qtrs
Less: effect of income taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-4.00M	USD	1 Quarter
Less: effect of income taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$10.00M	USD	3 Qtrs
Less: effect of income taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$1.00M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.00M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-20.00M	USD	3 Qtrs
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-19.00M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$47.00M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-11.00M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.00M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$33.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$536.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$134.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$672.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$190.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.