Bright Health Group Inc

Healthcare US BHG

NoneUSD
0.00(0%)

Last update at 2024-03-05T21:02:07.306610Z

Day Range

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52 Week Range

4.9486.40

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Fundamentals

Previous Close -
Market Cap41.99M
VolumeNone
P/E Ratio-
Dividend Yield-%
EBITDA-334.33600M
Revenue TTM2756.49M
Revenue Per Share TTM347.68
Gross Profit TTM 205.79M
Diluted EPS TTM-136.21

Overview
Financials
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Profile

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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Income before tax	-634.28500M	-1204.88600M	-257.60300M	-125.33700M	-62.64100M
Minority interest	-95.66400M	-6.49700M	39.60M	39.60M	39.60M
Net income	-637.96500M	-1178.36500M	-248.44200M	-133.68700M	-62.64100M
Selling general administrative	501.84M	626.36M	211.75M	104.22M	54.48M
Selling and marketing expenses	82.34M	287.75M	96.94M	49.71M	26.75M
Gross profit	205.79M	75.72M	160.02M	56.29M	34.23M
Reconciled depreciation	50.58M	35.48M	8.29M	1.13M	1.03M
Ebit	-476.67300M	-1198.15600M	-257.60300M	-125.33700M	-62.64100M
Ebitda	-425.31400M	-1161.44600M	-249.31400M	-124.20300M	-61.61100M
Depreciation and amortization	51.36M	36.71M	8.29M	1.13M	1.03M
Non operating income net other	0.78M	1.23M	-	-	-
Operating income	-476.67300M	-1198.15600M	-257.60300M	-125.33700M	-62.64100M
Other operating expenses	2888.70M	5227.55M	1464.92M	406.01M	193.27M
Interest expense	12.82M	7.96M	0.00000M	0.00000M	0.00000M
Tax provision	3.68M	-26.52100M	-9.16100M	0.00000M	0.00000M
Interest income	12.82M	7.96M	0.00000M	-	-
Net interest income	-12.82100M	-7.95600M	-	0.00000M	-
Extraordinary items	-721.91500M	-855.25500M	-87.22000M	-	-
Non recurring	145.57M	-	-	-	-
Other items	-	-	-	-	-
Income tax expense	3.68M	-26.52100M	-9.16100M	8.35M	3.51M
Total revenue	2412.03M	4029.39M	1207.32M	280.67M	130.63M
Total operating expenses	682.46M	1273.87M	417.62M	181.62M	96.87M
Cost of revenue	2206.24M	3953.67M	1047.30M	224.39M	96.41M
Total other income expense net	-157.61200M	-6.73000M	8.47M	8.35M	3.51M
Discontinued operations	-721.91500M	-855.25500M	-87.22000M	-87.22000M	-
Net income from continuing ops	-637.96500M	-1178.36500M	-248.44200M	-125.33700M	-62.64100M
Net income applicable to common shares	-1495.23100M	-1184.86200M	-248.44200M	-125.33700M	-62.64100M
Preferred stock and other adjustments	-	-	-	-	-

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Total assets	4665.05M	3598.34M	1810.80M	820.36M	-
Intangible assets	249.08M	343.86M	152.21M	18.71M	-
Earning assets	-	-	-	-	-
Other current assets	134.84M	291.71M	130.99M	17.22M	-
Total liab	3725.37M	2453.22M	2314.47M	1083.72M	-
Total stockholder equity	719.93M	1145.12M	-503.67200M	-263.36700M	-
Deferred long term liab	-	-	-	-	-
Other current liab	3316.65M	1956.38M	35.85M	14.14M	-
Common stock	0.06M	0.06M	0.01M	0.01M	-
Capital stock	920.48M	0.06M	0.01M	0.01M	-
Retained earnings	-3156.39500M	-1700.85100M	-515.98900M	-267.54700M	-
Other liab	3.22M	41.99M	6.73M	5.89M	-
Good will	760.08M	835.14M	263.04M	20.12M	-
Other assets	2796.68M	45.60M	1.34M	0.31M	-
Cash	466.32M	1061.18M	488.37M	522.91M	-
Cash and equivalents	466.32M	1061.18M	488.37M	522.91M	-
Total current liabilities	3688.69M	2282.82M	565.28M	194.90M	-
Current deferred revenue	0.24M	53.30M	34.63M	16.00M	-
Net debt	-162.37800M	-906.17900M	-488.37100M	-522.91000M	-
Short term debt	303.95M	155.00M	437.55M	131.61M	-
Short long term debt	303.95M	155.00M	-	-	-
Short long term debt total	303.95M	155.00M	-	-	-
Other stockholder equity	2960.27M	-749.09600M	9.88M	3.18M	-
Property plant equipment	42.60M	38.34M	39.23M	17.26M	-
Total current assets	3570.63M	1660.20M	1179.81M	648.60M	-
Long term investments	5.40M	675.19M	175.18M	115.35M	-
Net tangible assets	-69.47600M	-33.88000M	-918.91800M	-302.20400M	-
Short term investments	13.21M	193.84M	499.93M	107.68M	-
Net receivables	172.79M	113.47M	60.52M	0.79M	-
Long term debt	-	-	-	-	-
Inventory	2783.47M	-	-	-	-
Accounts payable	67.85M	118.14M	57.25M	33.14M	-
Total permanent equity	-	-	-	-	-
Noncontrolling interest in consolidated entity	-	-	-	-	-
Temporary equity redeemable noncontrolling interests	-	-	-	-	-
Accumulated other comprehensive income	-4.42900M	-3.33500M	2.43M	0.98M	-
Additional paid in capital	-	-	-	-	-
Common stock total equity	0.06M	0.06M	0.01M	0.01M	-
Preferred stock total equity	-	-	-	-	-
Retained earnings total equity	-3156.39500M	-1700.85100M	-	-	-
Treasury stock	-	-12.00000M	-	-	-
Accumulated amortization	-	-	-	-	-
Non currrent assets other	37.26M	45.60M	28.31M	14.34M	-
Deferred long term asset charges	-	-	-	-	-
Non current assets total	1094.42M	1938.14M	631.00M	171.75M	-
Capital lease obligations	-	-	-	-	-
Long term debt total	0.00000M	0.00000M	0.00000M	0.00000M	-

Breakdown	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Investments	-401.96500M	-90.68700M	-452.93600M	-61.99500M	-6.24600M
Change to liabilities	-40.06400M	207.51M	115.64M	102.62M	21.36M
Total cashflows from investing activities	-429.72300M	-552.89200M	-689.74200M	-94.64300M	-6.94000M
Net borrowings	148.95M	155.00M	155.00M	155.00M	155.00M
Total cash from financing activities	1066.37M	1043.64M	712.44M	424.06M	203.06M
Change to operating activities	1270.45M	1074.07M	34.53M	13.04M	13.44M
Net income	-1359.88000M	-1184.86200M	-248.44200M	-125.33700M	-62.64100M
Change in cash	871.14M	572.81M	-34.53900M	321.21M	169.08M
Begin period cash flow	1061.18M	488.37M	522.91M	201.70M	32.62M
End period cash flow	1932.32M	1061.18M	488.37M	522.91M	201.70M
Total cash from operating activities	234.50M	82.06M	-57.23800M	-8.20800M	-27.03400M
Issuance of capital stock	921.73M	898.72M	712.44M	424.06M	203.06M
Depreciation	50.58M	35.48M	8.29M	1.13M	1.03M
Other cashflows from investing activities	-402.27500M	-522.47800M	-683.26800M	-93.85000M	-6.24600M
Dividends paid	-	-	-	-	-
Change to inventory	-	1074.07M	34.53M	83.17M	13.44M
Change to account receivables	28.79M	-32.94100M	24.63M	-0.20100M	-0.56800M
Sale purchase of stock	921.73M	898.72M	712.44M	424.06M	203.06M
Other cashflows from financing activities	1220.05M	344.92M	711.20M	423.80M	203.00M
Change to netincome	252.96M	-17.20800M	8.12M	0.53M	0.35M
Capital expenditures	27.45M	30.41M	6.47M	0.79M	0.69M
Change receivables	28.79M	-	-	-	-
Cash flows other operating	-57.78900M	-	-	-	-
Exchange rate changes	-	-	-	-	-
Cash and cash equivalents changes	871.11M	-	-	-	-
Change in working capital	1167.11M	1248.64M	174.80M	115.46M	34.23M
Stock based compensation	109.71M	68.42M	5.45M	1.86M	0.26M
Other non cash items	264.95M	-59.97700M	2.67M	-1.33100M	0.09M
Free cash flow	207.05M	51.65M	-63.71200M	-9.00100M	-27.72800M

Peer Comparison

Sector: Healthcare Industry: Healthcare Plans

Company	Change (USD)	Price (USD)	Trailing PE (x)	Forward PE (x)	Price Sales TTM (x)	Price to Book Value (x)	Enterprise Value to Revenue (x)	Enterprise Value to EBITDA (x)
BHG Bright Health Group Inc	- -%	-	-	-	0.02	0.95	0.44	-1.4227
UNH UnitedHealth Group Incorporated	-0.92 0.24%	377.00	22.57	18.38	1.33	5.65	1.38	13.97
CVS CVS Health Corp	1.87 2.09%	91.37	55.65	10.80	0.25	1.32	0.42	17.09
CI Cigna Corp	-1.99 0.73%	270.73	12.47	9.12	0.27	1.75	0.35
ELV Elevance Health Inc	2.24 0.58%	391.27	13.02	12.47	0.36	1.60	0.47

Reports Covered

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Profile

Bright Health Group, Inc., a healthcare company, provides health insurance policies in the United States. It operates in two segments, Bright HealthCare and Consumer Care. The Consumer Care segment delivers virtual and in-person clinical care services contracts through primary care clinics. It operates managed and affiliated risk-bearing clinics within its integrated care delivery system, which included embedded pharmacy, laboratory, radiology, and population health focused specialty services. The Bright HealthCare segment offers medicare health plan products to consumers. The company was formerly known as Bright Health Inc. and changed its name to Bright Health Group, Inc. in February 2021. Bright Health Group, Inc. was incorporated in 2015 and is headquartered in Minneapolis, Minnesota.

Bright Health Group Inc

8000 Norman Center Drive, Minneapolis, MN, United States, 55437

612 238 1321
https://www.brighthealthgroup.com
Employees : 2840

Key Executives

Name	Title	Year Born
Mr. George Lawrence Mikan III	Vice Chairman, CEO & Pres	1972
Ms. Catherine R. Smith	Chief Financial & Admin. Officer	1964
Mr. Simeon Schindelman	Chief Exec. Officer of Bright HealthCare	1963
Mr. Robert John Sheehy	Co-Founder & Exec. Chairman	1958
Dr. Tomas David Valdivia M.S.	Co-Founder and Chief Health & Equity Officer	1963
Mr. Jeffrey Scott Cook	Chief Operating Officer	NA
Mr. Jeffrey Joseph Scherman	Chief Accounting Officer	NA
Mr. Stephen Rodgers Hagan C.F.A.	Director of Investor Relations	NA
Mr. Jeff Craig	Gen. Counsel & Corp. Sec.	NA
Mr. Brett Erhardt	Chief Strategy & Growth Officer	NA

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