Company Information

  

Address: 115 PERIMETER CENTER PLACE
SUITE 700 
City: ATLANTA 
State: GA 
Zip Code: 30346 
Telephone: 770 379-2800 

Description of Business

Primary SIC Code: 7389
(As filed with the SEC)  

Cotiviti is a leading provider of analytics-driven payment accuracy and spend management solutions, focused primarily on the healthcare sector (89% of 2017 revenue). Our integrated solutions help clients enhance payment accuracy in an increasingly complex healthcare environment. We leverage our robust technology platform, configurable analytics, proprietary information assets and expertise in healthcare reimbursement to help our clients enhance their claims payment accuracy. We help our healthcare clients identify and correct payment inaccuracies, which resulted in approximately $3.4 billion in savings in 2017. We work with over 60 healthcare organizations, including a majority of the 25 largest U.S. commercial, Medicare and Medicaid managed health plans, as well as CMS. We are also a leading provider of payment accuracy solutions to approximately 30 retail clients (11% of 2017 revenue), including a majority of the ten largest retailers in the United States.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20181.74NA19.79
12/20171.45NA22.21
09/20170.99NA36.34
06/20170.82NA45.29
03/20170.73NA57.03
12/20160.55NA62.55

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.15Total Liab/Total Assets0.48
Net Inc/Total Assets0.07Total Liab/Inv Cap0.52
Net Inc/Inv Cap0.07Total Liab/Comm Equity1.07
Pretax Inc/Net Sales0.19Interest Coverage Ratio4.63
Net Inc/Net Sales0.20Curr Debt/Equity0.02
Cash Flow/Net Sales0.26LTD/Equity0.68
SG&A/NetSales0.26Total Debt/Equity0.70
Asset Utilization   Liquidity  
Net Receivables Turnover8.96Quick Ratio1.73
Inventory TurnoverNACurrent Ratio1.73
Inventory Day SalesNANet Rec/Curr Assets0.30
Net Sales/Work Cap5.83Inv/Curr AssetsNA
Net Sales/PP&E8.78  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 219.03 176.73 174.19 167.61
Cost of Goods Sold 64.57 58.08 65.08 64.99
Selling & Admin Exps 54.16 47.66 47.25 41.53
Operating Income 78.67 47.18 41.04 40.00
Interest Exp 9.18 8.82 9.10 8.54
Pretax Income 69.83 39.10 32.39 28.83
Other Income 0.34 0.73 0.45 -2.63
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 53.93 70.67 19.47 21.09

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 203.24 176.90 131.45 145.97
Receivables - Total 73.51 83.76 83.46 87.22
Inventories - Total NA NA NA NA
Total Current Assets 296.51 275.97 231.89 263.05
Net Property, Plant & Equipment 81.68 77.34 78.41 73.93
Total Assets 2,110.62 2,099.23 2,072.23 2,038.78
Liabilities        
Accounts Payable 58.27 68.63 76.53 65.34
Debt in Current Liabilities 19.56 18.00 18.00 18.00
Total Current Liabilities 101.14 159.62 160.94 149.52
Long-Term Debt 744.07 749.62 753.59 757.22
Total Liabilities 939.93 997.76 1,041.36 1,035.67
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.09 0.09 0.09 0.09
Retained Earnings 226.60 172.12 101.45 81.98
Treasury Stock NA 0.00 0.00 0.00
Total Stockholders' Equity 1,170.69 1,101.47 1,030.87 1,003.10
Total Liabilities and Stockholders' Equity 2,110.62 2,099.23 2,072.23 2,038.78

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities 34.72 67.94 64.86 17.73
Net Cash Provided by Investing Activities -12.39 -13.93 -76.75 -6.93
Net Cash Provided by Financing Activities 1.42 -11.51 -2.70 -1.98

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2014441.37-25.82--
12/2015541.3413.86--
12/2016625.1648.850.55
12/2017678.66138.201.45
Growth Rates15.42----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1818687,90994.23




Report Date : 7/16/2018

Powered By Edgar Online © 2018EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.