$MPLN
MultiPlan Corp

2023 Q3 Form 10-Q Financial Statement

#000179322923000112 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $242.8M $238.0M
YoY Change -3.05% -17.97%
Cost Of Revenue $60.90M $59.01M
YoY Change 14.88% 18.07%
Gross Profit $181.9M $179.0M
YoY Change -7.87% -25.47%
Gross Profit Margin 74.92% 75.21%
Selling, General & Admin $36.50M $39.75M
YoY Change 17.64% 2.9%
% of Gross Profit 20.07% 22.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.59M $104.5M
YoY Change 12.04% 508.74%
% of Gross Profit 10.77% 58.4%
Operating Expenses $142.2M $144.3M
YoY Change 6.41% 2.38%
Operating Profit $39.52M $34.71M
YoY Change 8.57% -64.5%
Interest Expense $84.30M -$80.87M
YoY Change 9.36% -211.25%
% of Operating Profit 213.32% -233.01%
Other Income/Expense, Net
YoY Change
Pretax Income -$31.02M -$46.17M
YoY Change -442.8% -331.18%
Income Tax -$6.875M -$9.795M
% Of Pretax Income
Net Earnings -$24.15M -$36.37M
YoY Change -222.34% -369.17%
Net Earnings / Revenue -9.94% -15.28%
Basic Earnings Per Share -$0.04 -$0.06
Diluted Earnings Per Share -$0.04 -$0.06
COMMON SHARES
Basic Shares Outstanding 649.5M shares 632.6M shares
Diluted Shares Outstanding 646.4M shares 643.3M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $101.3M $89.76M
YoY Change -76.93% -74.67%
Cash & Equivalents $101.3M $89.76M
Short-Term Investments
Other Short-Term Assets $11.87M $49.37M
YoY Change 528.22% 4234.24%
Inventory
Prepaid Expenses
Receivables $69.34M $69.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $211.7M $209.0M
YoY Change -59.98% -55.46%
LONG-TERM ASSETS
Property, Plant & Equipment $276.9M $271.4M
YoY Change 11.34% 10.25%
Goodwill $3.829B $3.829B
YoY Change -12.24% -12.23%
Intangibles $2.719B $2.805B
YoY Change -10.25% -9.94%
Long-Term Investments
YoY Change
Other Assets $21.07M $21.51M
YoY Change -4.78% -4.43%
Total Long-Term Assets $6.846B $6.927B
YoY Change -10.67% -10.57%
TOTAL ASSETS
Total Short-Term Assets $211.7M $209.0M
Total Long-Term Assets $6.846B $6.927B
Total Assets $7.058B $7.136B
YoY Change -13.85% -13.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.40M $15.49M
YoY Change 6.22% 27.62%
Accrued Expenses $144.0M $118.7M
YoY Change -11.86% -0.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.25M $13.25M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $171.7M $147.4M
YoY Change -25.34% -0.4%
LONG-TERM LIABILITIES
Long-Term Debt $4.558B $4.604B
YoY Change -6.54% -5.62%
Other Long-Term Liabilities $5.096M $24.55M
YoY Change 9165.45% 29480.72%
Total Long-Term Liabilities $5.096M $4.628B
YoY Change 9165.45% 5575966.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $171.7M $147.4M
Total Long-Term Liabilities $5.096M $4.628B
Total Liabilities $5.308B $5.368B
YoY Change -7.77% -7.56%
SHAREHOLDERS EQUITY
Retained Earnings -$467.9M -$443.8M
YoY Change -254.77% -257.03%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $126.3M $126.3M
YoY Change -34.28% -34.28%
Treasury Stock Shares
Shareholders Equity $1.750B $1.769B
YoY Change
Total Liabilities & Shareholders Equity $7.058B $7.136B
YoY Change -13.85% -13.14%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$24.15M -$36.37M
YoY Change -222.34% -369.17%
Depreciation, Depletion And Amortization $19.59M $104.5M
YoY Change 12.04% 508.74%
Cash From Operating Activities $72.10M $7.685M
YoY Change -33.88% -81.12%
INVESTING ACTIVITIES
Capital Expenditures $22.40M $31.99M
YoY Change -207.64% -268.88%
Acquisitions
YoY Change
Other Investing Activities $400.0K -$141.3M
YoY Change 841.96%
Cash From Investing Activities -$22.00M -$173.3M
YoY Change 5.72% 410.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.30M -10.74M
YoY Change 996.48% 202.42%
NET CHANGE
Cash From Operating Activities 72.10M 7.685M
Cash From Investing Activities -22.00M -173.3M
Cash From Financing Activities -38.30M -10.74M
Net Change In Cash 11.80M -176.3M
YoY Change -86.07% -5600.37%
FREE CASH FLOW
Cash From Operating Activities $72.10M $7.685M
Capital Expenditures $22.40M $31.99M
Free Cash Flow $49.70M -$24.31M
YoY Change -61.72% -140.75%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
958309 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
643339328 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
640097349 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
640996659 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
639709247 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0 usd
CY2022Q2 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001793229-23-000112-index-headers.html Edgar Link pending
0001793229-23-000112-index.html Edgar Link pending
0001793229-23-000112.txt Edgar Link pending
0001793229-23-000112-xbrl.zip Edgar Link pending
exhibit311q22023.htm Edgar Link pending
exhibit312q22023.htm Edgar Link pending
exhibit321q22023.htm Edgar Link pending
exhibit322q22023.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mpln-20230630.htm Edgar Link pending
mpln-20230630.xsd Edgar Link pending
mpln-20230630_g1.jpg Edgar Link pending
multiplan-amendmentno1.htm Edgar Link pending
R1.htm Edgar Link pending
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mpln-20230630_cal.xml Edgar Link unprocessable
mpln-20230630_def.xml Edgar Link unprocessable
mpln-20230630_lab.xml Edgar Link unprocessable
mpln-20230630_pre.xml Edgar Link unprocessable
mpln-20230630_htm.xml Edgar Link completed
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