Change Healthcare Inc
NASDAQ:CHNG
Income Statement
Earnings Waterfall
Change Healthcare Inc
Revenue
|
3.5B
USD
|
Cost of Revenue
|
-1.4B
USD
|
Gross Profit
|
2.1B
USD
|
Operating Expenses
|
-2B
USD
|
Operating Income
|
119.9m
USD
|
Other Expenses
|
-196.9m
USD
|
Net Income
|
-77m
USD
|
Income Statement
Change Healthcare Inc
Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||
Revenue |
3 282
N/A
|
2 458
-25%
|
1 658
-33%
|
836
-50%
|
843
+1%
|
1 538
+82%
|
2 294
+49%
|
3 079
+34%
|
3 090
+0%
|
3 264
+6%
|
3 335
+2%
|
3 416
+2%
|
3 481
+2%
|
3 497
+0%
|
|
Gross Profit | |||||||||||||||
Cost of Revenue |
(1 352)
|
(1 014)
|
(687)
|
(347)
|
(347)
|
(666)
|
(992)
|
(1 325)
|
(1 335)
|
(1 369)
|
(1 389)
|
(1 410)
|
(1 415)
|
(1 420)
|
|
Gross Profit |
1 930
N/A
|
1 444
-25%
|
972
-33%
|
489
-50%
|
496
+2%
|
872
+76%
|
1 301
+49%
|
1 754
+35%
|
1 755
+0%
|
1 896
+8%
|
1 946
+3%
|
2 006
+3%
|
2 066
+3%
|
2 077
+1%
|
|
Operating Income | |||||||||||||||
Operating Expenses |
(1 562)
|
(1 052)
|
(816)
|
(427)
|
(429)
|
(841)
|
(1 217)
|
(1 640)
|
(1 715)
|
(1 775)
|
(1 818)
|
(1 879)
|
(1 929)
|
(1 957)
|
|
Selling, General & Administrative |
(1 066)
|
(794)
|
(525)
|
(261)
|
(235)
|
(445)
|
(666)
|
(877)
|
(883)
|
(901)
|
(915)
|
(945)
|
(954)
|
(976)
|
|
Research & Development |
(199)
|
(144)
|
(93)
|
(43)
|
(53)
|
(109)
|
(163)
|
(221)
|
(227)
|
(243)
|
(256)
|
(265)
|
(278)
|
(281)
|
|
Depreciation & Amortization |
(278)
|
(210)
|
(140)
|
(70)
|
(90)
|
(228)
|
(375)
|
(526)
|
(591)
|
(621)
|
(637)
|
(657)
|
(682)
|
(685)
|
|
Other Operating Expenses |
(19)
|
95
|
(58)
|
(53)
|
(52)
|
(58)
|
(13)
|
(15)
|
(13)
|
(10)
|
(10)
|
(12)
|
(15)
|
(15)
|
|
Operating Income |
368
N/A
|
393
+7%
|
156
-60%
|
62
-60%
|
67
+7%
|
32
-53%
|
84
+167%
|
115
+36%
|
41
-64%
|
121
+195%
|
129
+7%
|
127
-1%
|
137
+8%
|
120
-12%
|
|
Pre-Tax Income | |||||||||||||||
Interest Income Expense |
(325)
|
(287)
|
(264)
|
(117)
|
(97)
|
(120)
|
(123)
|
(250)
|
(245)
|
(242)
|
(240)
|
(237)
|
(234)
|
(232)
|
|
Non-Reccuring Items |
111
|
0
|
(1)
|
(1)
|
(166)
|
(138)
|
(139)
|
(113)
|
50
|
22
|
21
|
(6)
|
(4)
|
(4)
|
|
Total Other Income |
19
|
14
|
11
|
6
|
7
|
5
|
8
|
10
|
7
|
12
|
5
|
(0)
|
(5)
|
(10)
|
|
Pre-Tax Income |
172
N/A
|
120
-30%
|
(99)
N/A
|
(49)
+50%
|
(189)
-285%
|
(221)
-17%
|
(170)
+23%
|
(238)
-40%
|
(148)
+38%
|
(87)
+41%
|
(85)
+3%
|
(117)
-38%
|
(106)
+9%
|
(126)
-19%
|
|
Net Income | |||||||||||||||
Tax Provision |
3
|
5
|
17
|
5
|
(1)
|
11
|
11
|
30
|
35
|
30
|
34
|
39
|
49
|
49
|
|
Income from Continuing Operations |
175
|
125
|
(82)
|
(45)
|
(189)
|
(211)
|
(159)
|
(208)
|
(112)
|
(57)
|
(51)
|
(78)
|
(57)
|
(77)
|
|
Net Income (Common) |
177
N/A
|
127
-28%
|
(81)
N/A
|
(43)
+47%
|
(189)
-340%
|
(211)
-11%
|
(159)
+24%
|
(208)
-30%
|
(112)
+46%
|
(57)
+49%
|
(51)
+11%
|
(78)
-52%
|
(57)
+26%
|
(77)
-34%
|
|
EPS (Diluted) |
1.43
N/A
|
1.68
+17%
|
-0.57
N/A
|
-0.29
+49%
|
-0.58
-100%
|
-0.66
-14%
|
-0.5
+24%
|
-0.64
-28%
|
-0.35
+45%
|
-0.18
+49%
|
-0.16
+11%
|
-0.24
-50%
|
-0.18
+25%
|
-0.24
-33%
|