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Supplemental Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information [Abstract] |
Condensed Consolidating Statements of Income | Condensed Statements of Income
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
| (In millions)
Revenue: |  |  |  |  |
Management fees | $ | 1,062 |  |  | $ | 914 |  |  | $ | 692 |
Investment income and other revenue | 16 |  |  | 17 |  |  | 14 |
Total revenue | 1,078 |  |  | 931 |  |  | 706 |
Expenses: |  |  |  |  |  |
Medical care costs | 73 |  |  | 55 |  |  | 46 |
General and administrative expenses | 899 |  |  | 797 |  |  | 583 |
Depreciation and amortization | 95 |  |  | 82 |  |  | 73 |
Total operating expenses | 1,067 |  |  | 934 |  |  | 702 |
Operating income (loss) | 11 |  |  | (3 | ) |  | 4 |
Interest expense | 101 |  |  | 66 |  |  | 57 |
Other expense | — |  |  | — |  |  | 1 |
Loss before income taxes and equity in net income of subsidiaries | (90 | ) |  | (69 | ) |  | (54 | )
Income tax benefit | (24 | ) |  | (21 | ) |  | (27 | )
Net loss before equity in net income of subsidiaries | (66 | ) |  | (48 | ) |  | (27 | )
Equity in net income of subsidiaries | 118 |  |  | 191 |  |  | 89 |
Net income | $ | 52 |  |  | $ | 143 |  |  | $ | 62 |
MOLINA HEALTHCARE, INC. CONDENSED CONSOLIDATING STATEMENTS OF INCOME
| Year Ended December 31, 2016
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Revenue: |  |  |  |  |  |  |  |  |
Total revenue | $ | 1,078 |  |  | $ | 556 |  |  | $ | 17,287 |  |  | $ | (1,139 | ) |  | $ | 17,782 |
Expenses: |  |  |  |  |  |  |  |  |
Medical care costs | 73 |  |  | 54 |  |  | 14,705 |  |  | (58 | ) |  | 14,774 |
Cost of service revenue | — |  |  | 443 |  |  | 42 |  |  | — |  |  | 485 |
General and administrative expenses | 899 |  |  | 48 |  |  | 1,527 |  |  | (1,081 | ) |  | 1,393 |
Premium tax expenses | — |  |  | — |  |  | 468 |  |  | — |  |  | 468 |
Health insurer fee expenses | — |  |  | — |  |  | 217 |  |  | — |  |  | 217 |
Depreciation and amortization | 95 |  |  | 12 |  |  | 32 |  |  | — |  |  | 139 |
Total operating expenses | 1,067 |  |  | 557 |  |  | 16,991 |  |  | (1,139 | ) |  | 17,476 |
Operating income (loss) | 11 |  |  | (1 | ) |  | 296 |  |  | — |  |  | 306 |
Interest expense | 101 |  |  | — |  |  | — |  |  | — |  |  | 101 |
(Loss) income before income taxes | (90 | ) |  | (1 | ) |  | 296 |  |  | — |  |  | 205 |
Income tax (benefit) expense | (24 | ) |  | (4 | ) |  | 181 |  |  | — |  |  | 153 |
Net (loss) income before equity in earnings of subsidiaries | (66 | ) |  | 3 |  |  | 115 |  |  | — |  |  | 52 |
Equity in net earnings of subsidiaries | 118 |  |  | 1 |  |  | — |  |  | (119 | ) |  | — |
Net income | $ | 52 |  |  | $ | 4 |  |  | $ | 115 |  |  | $ | (119 | ) |  | $ | 52 |
| Year Ended December 31, 2015
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Revenue: |  |  |  |  |  |  |  |  |
Total revenue | $ | 931 |  |  | $ | 293 |  |  | $ | 13,931 |  |  | $ | (977 | ) |  | $ | 14,178 |
Expenses: |  |  |  |  |  |  |  |  |
Medical care costs | 55 |  |  | 36 |  |  | 11,753 |  |  | (50 | ) |  | 11,794 |
Cost of service revenue | — |  |  | 184 |  |  | 9 |  |  | — |  |  | 193 |
General and administrative expenses | 797 |  |  | 41 |  |  | 1,235 |  |  | (927 | ) |  | 1,146 |
Premium tax expenses | — |  |  | — |  |  | 397 |  |  | — |  |  | 397 |
Health insurer fee expenses | — |  |  | — |  |  | 157 |  |  | — |  |  | 157 |
Depreciation and amortization | 82 |  |  | 4 |  |  | 18 |  |  | — |  |  | 104 |
Total operating expenses | 934 |  |  | 265 |  |  | 13,569 |  |  | (977 | ) |  | 13,791 |
Operating (loss) income | (3 | ) |  | 28 |  |  | 362 |  |  | — |  |  | 387 |
Total other expenses (income), net | 66 |  |  | — |  |  | (1 | ) |  | — |  |  | 65 |
(Loss) income before income taxes | (69 | ) |  | 28 |  |  | 363 |  |  | — |  |  | 322 |
Income tax (benefit) expense | (21 | ) |  | 9 |  |  | 191 |  |  | — |  |  | 179 |
Net (loss) income before equity in earnings of subsidiaries | (48 | ) |  | 19 |  |  | 172 |  |  | — |  |  | 143 |
Equity in net earnings of subsidiaries | 191 |  |  | (1 | ) |  | — |  |  | (190 | ) |  | — |
Net income | $ | 143 |  |  | $ | 18 |  |  | $ | 172 |  |  | $ | (190 | ) |  | $ | 143 |
| Year Ended December 31, 2014
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Revenue: |  |  |  |  |  |  |  |  |
Total revenue | $ | 706 |  |  | $ | 240 |  |  | $ | 9,454 |  |  | $ | (733 | ) |  | $ | 9,667 |
Expenses: |  |  |  |  |  |  |  |  |
Medical care costs | 46 |  |  | 27 |  |  | 8,034 |  |  | (31 | ) |  | 8,076 |
Cost of service revenue | — |  |  | 157 |  |  | — |  |  | — |  |  | 157 |
General and administrative expenses | 583 |  |  | 29 |  |  | 855 |  |  | (702 | ) |  | 765 |
Premium tax expenses | — |  |  | — |  |  | 294 |  |  | — |  |  | 294 |
Health insurer fee expenses | — |  |  | — |  |  | 89 |  |  | — |  |  | 89 |
Depreciation and amortization | 73 |  |  | 5 |  |  | 15 |  |  | — |  |  | 93 |
Total operating expenses | 702 |  |  | 218 |  |  | 9,287 |  |  | (733 | ) |  | 9,474 |
Operating income | 4 |  |  | 22 |  |  | 167 |  |  | — |  |  | 193 |
Total other expenses, net | 58 |  |  | — |  |  | — |  |  | — |  |  | 58 |
(Loss) income before income taxes | (54 | ) |  | 22 |  |  | 167 |  |  | — |  |  | 135 |
Income tax (benefit) expense | (27 | ) |  | 8 |  |  | 92 |  |  | — |  |  | 73 |
Net (loss) income before equity in earnings of subsidiaries | (27 | ) |  | 14 |  |  | 75 |  |  | — |  |  | 62 |
Equity in net earnings of subsidiaries | 89 |  |  | — |  |  | — |  |  | (89 | ) |  | — |
Net income | $ | 62 |  |  | $ | 14 |  |  | $ | 75 |  |  | $ | (89 | ) |  | $ | 62 |
Condensed Consolidating Statements of Comprehensive Income | MOLINA HEALTHCARE, INC. CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
| Year Ended December 31, 2016
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Net income | $ | 52 |  |  | $ | 4 |  |  | $ | 115 |  |  | $ | (119 | ) |  | $ | 52 |
Other comprehensive income, net of tax | 2 |  |  | — |  |  | 1 |  |  | (1 | ) |  | 2 |
Comprehensive income | $ | 54 |  |  | $ | 4 |  |  | $ | 116 |  |  | $ | (120 | ) |  | $ | 54 |
| Year Ended December 31, 2015
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Net income | $ | 143 |  |  | $ | 18 |  |  | $ | 172 |  |  | $ | (190 | ) |  | $ | 143 |
Other comprehensive loss, net of tax | (3 | ) |  | — |  |  | (3 | ) |  | 3 |  |  | (3 | )
Comprehensive income | $ | 140 |  |  | $ | 18 |  |  | $ | 169 |  |  | $ | (187 | ) |  | $ | 140 |
| Year Ended December 31, 2014
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Net income | $ | 62 |  |  | $ | 14 |  |  | $ | 75 |  |  | $ | (89 | ) |  | $ | 62 |
Other comprehensive loss, net of tax | — |  |  | — |  |  | — |  |  | — |  |  | — |
Comprehensive income | $ | 62 |  |  | $ | 14 |  |  | $ | 75 |  |  | $ | (89 | ) |  | $ | 62 |
Condensed Consolidating Statements of Cash Flow | Condensed Statements of Cash Flows
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
| (In millions)
Operating activities: |  |  |  |  |
Net cash provided by operating activities | $ | 55 |  |  | $ | 113 |  |  | $ | 74 |
Investing activities: |  |  |  |  |  |
Capital contributions to subsidiaries | (386 | ) |  | (770 | ) |  | (292 | )
Dividends received from subsidiaries | 101 |  |  | 142 |  |  | — |
Purchases of investments | (115 | ) |  | (244 | ) |  | (129 | )
Proceeds from sales and maturities of investments | 188 |  |  | 118 |  |  | 263 |
Purchases of property, equipment and capitalized software | (125 | ) |  | (91 | ) |  | (94 | )
Change in amounts due to/from affiliates | (18 | ) |  | (68 | ) |  | 16 |
Other, net | 6 |  |  | — |  |  | 8 |
Net cash used in investing activities | (349 | ) |  | (913 | ) |  | (228 | )
Financing activities: |  |  |  |  |  |
Proceeds from senior notes offerings, net of issuance costs | — |  |  | 689 |  |  | 123 |
Proceeds from common stock offering, net of issuance costs | — |  |  | 373 |  |  | — |
Proceeds from employee stock plans | 18 |  |  | 18 |  |  | 14 |
Principal payments on convertible senior notes | — |  |  | — |  |  | (11 | )
Other, net | 2 |  |  | 5 |  |  | 3 |
Net cash provided by financing activities | 20 |  |  | 1,085 |  |  | 129 |
Net (decrease) increase in cash and cash equivalents | (274 | ) |  | 285 |  |  | (25 | )
Cash and cash equivalents at beginning of year | 360 |  |  | 75 |  |  | 100 |
Cash and cash equivalents at end of year | $ | 86 |  |  | $ | 360 |  |  | $ | 75 |
MOLINA HEALTHCARE, INC. CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Year Ended December 31, 2016
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 55 |  |  | 45 |  |  | 573 |  |  | — |  |  | $ | 673 |
Investing activities: |  |  |  |  |  |  |  |  |
Purchases of investments | (115 | ) |  | — |  |  | (1,814 | ) |  | — |  |  | (1,929 | )
Proceeds from sales and maturities of investments | 188 |  |  | — |  |  | 1,778 |  |  | — |  |  | 1,966 |
Purchases of property, equipment and capitalized software | (125 | ) |  | (34 | ) |  | (17 | ) |  | — |  |  | (176 | )
Decrease in restricted investments | — |  |  | — |  |  | 4 |  |  | — |  |  | 4 |
Net cash paid in business combinations | — |  |  | (11 | ) |  | (37 | ) |  | — |  |  | (48 | )
Capital contributions to subsidiaries | (386 | ) |  | 20 |  |  | 366 |  |  | — |  |  | — |
Dividends received from subsidiaries | 101 |  |  | — |  |  | (101 | ) |  | — |  |  | — |
Change in amounts due to/from affiliates | (18 | ) |  | 3 |  |  | 15 |  |  | — |  |  | — |
Other, net | 6 |  |  | (26 | ) |  | 1 |  |  | — |  |  | (19 | )
Net cash (used in) provided by investing activities | (349 | ) |  | (48 | ) |  | 195 |  |  | — |  |  | (202 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from employee stock plans | 18 |  |  | — |  |  | — |  |  | — |  |  | 18 |
Other, net | 2 |  |  | (1 | ) |  | — |  |  | — |  |  | 1 |
Net cash provided by (used in) financing activities | 20 |  |  | (1 | ) |  | — |  |  | — |  |  | 19 |
Net (decrease) increase in cash and cash equivalents | (274 | ) |  | (4 | ) |  | 768 |  |  | — |  |  | 490 |
Cash and cash equivalents at beginning of period | 360 |  |  | 42 |  |  | 1,927 |  |  | — |  |  | 2,329 |
Cash and cash equivalents at end of period | $ | 86 |  |  | $ | 38 |  |  | $ | 2,695 |  |  | $ | — |  |  | $ | 2,819 |
| Year Ended December 31, 2015
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 113 |  |  | 58 |  |  | 954 |  |  | — |  |  | $ | 1,125 |
Investing activities: |  |  |  |  |  |  |  |  |
Purchases of investments | (244 | ) |  | — |  |  | (1,679 | ) |  | — |  |  | (1,923 | )
Proceeds from sales and maturities of investments | 118 |  |  | — |  |  | 1,008 |  |  | — |  |  | 1,126 |
Purchases of property, equipment and capitalized software | (91 | ) |  | (23 | ) |  | (18 | ) |  | — |  |  | (132 | )
Decrease in restricted investments | — |  |  | 5 |  |  | (11 | ) |  | — |  |  | (6 | )
Net cash paid in business combinations | — |  |  | (214 | ) |  | (236 | ) |  | — |  |  | (450 | )
Capital contributions to subsidiaries | (770 | ) |  | 238 |  |  | 532 |  |  | — |  |  | — |
Dividends received from subsidiaries | 142 |  |  | (17 | ) |  | (125 | ) |  | — |  |  | — |
Change in amounts due to/from affiliates | (68 | ) |  | 15 |  |  | 53 |  |  | — |  |  | — |
Other, net | — |  |  | (35 | ) |  | — |  |  | — |  |  | (35 | )
Net cash used in investing activities | (913 | ) |  | (31 | ) |  | (476 | ) |  | — |  |  | (1,420 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from senior notes offerings, net of issuance costs | 689 |  |  | — |  |  | — |  |  | — |  |  | 689 |
Proceeds from common stock offering, net of issuance costs | 373 |  |  | — |  |  | — |  |  | — |  |  | 373 |
Proceeds from employee stock plans | 18 |  |  | — |  |  | — |  |  | — |  |  | 18 |
Other, net | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Net cash provided by financing activities | 1,085 |  |  | — |  |  | — |  |  | — |  |  | 1,085 |
Net increase in cash and cash equivalents | 285 |  |  | 27 |  |  | 478 |  |  | — |  |  | 790 |
Cash and cash equivalents at beginning of period | 75 |  |  | 15 |  |  | 1,449 |  |  | — |  |  | 1,539 |
Cash and cash equivalents at end of period | $ | 360 |  |  | $ | 42 |  |  | $ | 1,927 |  |  | $ | — |  |  | $ | 2,329 |
| Year Ended December 31, 2014
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 74 |  |  | 29 |  |  | 957 |  |  | — |  |  | $ | 1,060 |
Investing activities: |  |  |  |  |  |  |  |  |
Purchases of investments | (129 | ) |  | — |  |  | (824 | ) |  | — |  |  | (953 | )
Proceeds from sales and maturities of investments | 263 |  |  | — |  |  | 370 |  |  | — |  |  | 633 |
Purchases of property, equipment and capitalized software | (94 | ) |  | (12 | ) |  | (9 | ) |  | — |  |  | (115 | )
Decrease in restricted investments | — |  |  | 5 |  |  | (39 | ) |  | — |  |  | (34 | )
Net cash paid in business combinations | — |  |  | — |  |  | (44 | ) |  | — |  |  | (44 | )
Capital contributions to subsidiaries | (292 | ) |  | 14 |  |  | 278 |  |  | — |  |  | — |
Dividends received from subsidiaries | — |  |  | — |  |  | — |  |  | — |  |  | — |
Change in amounts due to/from affiliates | 16 |  |  | (1 | ) |  | (15 | ) |  | — |  |  | — |
Other, net | 8 |  |  | (29 | ) |  | (2 | ) |  | — |  |  | (23 | )
Net cash used in investing activities | (228 | ) |  | (23 | ) |  | (285 | ) |  | — |  |  | (536 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from senior notes offerings, net of issuance costs | 123 |  |  | — |  |  | — |  |  | — |  |  | 123 |
Contingent consideration liabilities settled | — |  |  | — |  |  | (50 | ) |  | — |  |  | (50 | )
Proceeds from employee stock plans | 14 |  |  | — |  |  | — |  |  | — |  |  | 14 |
Principal payments on convertible senior notes | (10 | ) |  | — |  |  | — |  |  | — |  |  | (10 | )
Other, net | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net cash provided by (used in) financing activities | 129 |  |  | — |  |  | (50 | ) |  | — |  |  | 79 |
Net (decrease) increase in cash and cash equivalents | (25 | ) |  | 6 |  |  | 622 |  |  | — |  |  | 603 |
Cash and cash equivalents at beginning of period | 100 |  |  | 9 |  |  | 827 |  |  | — |  |  | 936 |
Cash and cash equivalents at end of period | $ | 75 |  |  | $ | 15 |  |  | $ | 1,449 |  |  | $ | — |  |  | $ | 1,539 |
Condensed Consolidating Balance Sheet | Condensed Balance Sheets
| December 31,
| 2016 |  | 2015
| (In millions, except per-share data)
ASSETS
Current assets: |  |  |  |
Cash and cash equivalents | $ | 86 |  |  | $ | 360 |
Investments | 178 |  |  | 252 |
Receivables | 2 |  |  | — |
Income taxes refundable | 17 |  |  | 7 |
Due from affiliates | 104 |  |  | 86 |
Prepaid expenses and other current assets | 58 |  |  | 46 |
Derivative asset | 267 |  |  | 374 |
Total current assets | 712 |  |  | 1,125 |
Property, equipment, and capitalized software, net | 301 |  |  | 267 |
Goodwill and intangible assets, net | 58 |  |  | 61 |
Investments in subsidiaries | 2,609 |  |  | 2,205 |
Deferred income taxes | 10 |  |  | 23 |
Advances to related parties and other assets | 48 |  |  | 36 |
| $ | 3,738 |  |  | $ | 3,717 |
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities: |  |  |
Medical claims and benefits payable | $ | 1 |  |  | $ | — |
Accounts payable and accrued liabilities | 146 |  |  | 157 |
Current portion of long-term debt | 472 |  |  | 449 |
Derivative liability | 267 |  |  | 374 |
Total current liabilities | 886 |  |  | 980 |
Senior notes | 975 |  |  | 962 |
Lease financing obligations | 198 |  |  | 198 |
Deferred income taxes | 11 |  |  | — |
Other long-term liabilities | 19 |  |  | 20 |
Total liabilities | 2,089 |  |  | 2,160 |
Stockholders’ equity: |  |  |
Common stock, $0.001 par value; 150 shares authorized; outstanding: |  |  |  |
57 shares at December 31, 2016 and 56 shares at December 31, 2015 | — |  |  | — |
Preferred stock, $0.001 par value; 20 shares authorized, no shares issued and outstanding | — |  |  | — |
Additional paid-in capital | 841 |  |  | 803 |
Accumulated other comprehensive loss | (2 | ) |  | (4 | )
Retained earnings | 810 |  |  | 758 |
Total stockholders’ equity | 1,649 |  |  | 1,557 |
| $ | 3,738 |  |  | $ | 3,717 |
MOLINA HEALTHCARE, INC. CONDENSED CONSOLIDATING BALANCE SHEETS
| December 31, 2016
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
ASSETS
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 86 |  |  | $ | 38 |  |  | $ | 2,695 |  |  | $ | — |  |  | $ | 2,819 |
Investments | 178 |  |  | — |  |  | 1,580 |  |  | — |  |  | 1,758 |
Receivables | 2 |  |  | 78 |  |  | 894 |  |  | — |  |  | 974 |
Income tax refundable | 17 |  |  | 4 |  |  | 18 |  |  | — |  |  | 39 |
Due from (to) affiliates | 104 |  |  | (19 | ) |  | (85 | ) |  | — |  |  | — |
Prepaid expenses and other current assets | 58 |  |  | 40 |  |  | 38 |  |  | (5 | ) |  | 131 |
Derivative asset | 267 |  |  | — |  |  | — |  |  | — |  |  | 267 |
Total current assets | 712 |  |  | 141 |  |  | 5,140 |  |  | (5 | ) |  | 5,988 |
Property, equipment, and capitalized software, net | 301 |  |  | 70 |  |  | 83 |  |  | — |  |  | 454 |
Deferred contract costs | — |  |  | 86 |  |  | — |  |  | — |  |  | 86 |
Goodwill and intangible assets, net | 58 |  |  | 223 |  |  | 479 |  |  | — |  |  | 760 |
Restricted investments | — |  |  | — |  |  | 110 |  |  | — |  |  | 110 |
Investment in subsidiaries, net | 2,609 |  |  | 42 |  |  | — |  |  | (2,651 | ) |  | — |
Deferred income taxes | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
Other assets | 48 |  |  | 4 |  |  | 5 |  |  | (16 | ) |  | 41 |
| $ | 3,738 |  |  | $ | 566 |  |  | $ | 5,817 |  |  | $ | (2,672 | ) |  | $ | 7,449 |
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities: |  |  |  |  |  |  |  |  |
Medical claims and benefits payable | $ | 1 |  |  | $ | — |  |  | $ | 1,928 |  |  | $ | — |  |  | $ | 1,929 |
Amounts due government agencies | — |  |  | — |  |  | 1,202 |  |  | — |  |  | 1,202 |
Accounts payable and accrued liabilities | 146 |  |  | 56 |  |  | 188 |  |  | (5 | ) |  | 385 |
Deferred revenue | — |  |  | 40 |  |  | 275 |  |  | — |  |  | 315 |
Current portion of long-term debt | 472 |  |  | — |  |  | — |  |  | — |  |  | 472 |
Derivative liability | 267 |  |  | — |  |  | — |  |  | — |  |  | 267 |
Total current liabilities | 886 |  |  | 96 |  |  | 3,593 |  |  | (5 | ) |  | 4,570 |
Long-term debt | 1,173 |  |  | — |  |  | 16 |  |  | (16 | ) |  | 1,173 |
Deferred income taxes | 11 |  |  | 40 |  |  | (36 | ) |  | — |  |  | 15 |
Other long-term liabilities | 19 |  |  | 3 |  |  | 20 |  |  | — |  |  | 42 |
Total liabilities | 2,089 |  |  | 139 |  |  | 3,593 |  |  | (21 | ) |  | 5,800 |
Total stockholders’ equity | 1,649 |  |  | 427 |  |  | 2,224 |  |  | (2,651 | ) |  | 1,649 |
| $ | 3,738 |  |  | $ | 566 |  |  | $ | 5,817 |  |  | $ | (2,672 | ) |  | $ | 7,449 |
MOLINA HEALTHCARE, INC. CONDENSED CONSOLIDATING BALANCE SHEETS
| December 31, 2015
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
ASSETS
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 360 |  |  | $ | 42 |  |  | $ | 1,927 |  |  | $ | — |  |  | $ | 2,329 |
Investments | 252 |  |  | — |  |  | 1,549 |  |  | — |  |  | 1,801 |
Receivables | — |  |  | 79 |  |  | 518 |  |  | — |  |  | 597 |
Income tax refundable | 7 |  |  | 3 |  |  | 3 |  |  | — |  |  | 13 |
Due from (to) affiliates | 86 |  |  | (4 | ) |  | (82 | ) |  | — |  |  | — |
Prepaid expenses and other current assets | 46 |  |  | 11 |  |  | 136 |  |  | (1 | ) |  | 192 |
Derivative asset | 374 |  |  | — |  |  | — |  |  | — |  |  | 374 |
Total current assets | 1,125 |  |  | 131 |  |  | 4,051 |  |  | (1 | ) |  | 5,306 |
Property, equipment, and capitalized software, net | 267 |  |  | 52 |  |  | 74 |  |  | — |  |  | 393 |
Deferred contract costs | — |  |  | 81 |  |  | — |  |  | — |  |  | 81 |
Goodwill and intangible assets, net | 61 |  |  | 246 |  |  | 334 |  |  | — |  |  | 641 |
Restricted investments | — |  |  | — |  |  | 109 |  |  | — |  |  | 109 |
Investment in subsidiaries, net | 2,205 |  |  | 1 |  |  | — |  |  | (2,206 | ) |  | — |
Deferred income taxes | 23 |  |  | (35 | ) |  | 30 |  |  | — |  |  | 18 |
Other assets | 36 |  |  | 2 |  |  | 6 |  |  | (16 | ) |  | 28 |
| $ | 3,717 |  |  | $ | 478 |  |  | $ | 4,604 |  |  | $ | (2,223 | ) |  | $ | 6,576 |
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities: |  |  |  |  |  |  |  |  |
Medical claims and benefits payable | $ | — |  |  | $ | 3 |  |  | $ | 1,682 |  |  | $ | — |  |  | $ | 1,685 |
Amounts due government agencies | — |  |  | 1 |  |  | 728 |  |  | — |  |  | 729 |
Accounts payable and accrued liabilities | 157 |  |  | 35 |  |  | 170 |  |  | — |  |  | 362 |
Deferred revenue | — |  |  | 34 |  |  | 189 |  |  | — |  |  | 223 |
Current portion of long-term debt | 449 |  |  | — |  |  | — |  |  | — |  |  | 449 |
Derivative liability | 374 |  |  | — |  |  | — |  |  | — |  |  | 374 |
Total current liabilities | 980 |  |  | 73 |  |  | 2,769 |  |  | — |  |  | 3,822 |
Long-term debt | 1,160 |  |  | — |  |  | 16 |  |  | (16 | ) |  | 1,160 |
Other long-term liabilities | 20 |  |  | 2 |  |  | 16 |  |  | (1 | ) |  | 37 |
Total liabilities | 2,160 |  |  | 75 |  |  | 2,801 |  |  | (17 | ) |  | 5,019 |
Total stockholders’ equity | 1,557 |  |  | 403 |  |  | 1,803 |  |  | (2,206 | ) |  | 1,557 |
| $ | 3,717 |  |  | $ | 478 |  |  | $ | 4,604 |  |  | $ | (2,223 | ) |  | $ | 6,576 |

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