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 solutions, focused primarily on the healthcare sector (88% of 2016 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 $3.3 billion in savings in 2016. We work with over 40 healthcare organizations, including 20 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 over 35 retail clients (12% of 2016 revenue), including eight of the ten largest retailers in the United States.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
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 2016 Leverage 2016
Net Inc/Comm Equity0.05Total Liab/Total Assets0.53
Net Inc/Total Assets0.02Total Liab/Inv Cap0.59
Net Inc/Inv Cap0.03Total Liab/Comm Equity1.17
Pretax Inc/Net Sales0.11Interest Coverage Ratio2.44
Net Inc/Net Sales0.08Curr Debt/Equity0.02
Cash Flow/Net Sales0.30LTD/Equity0.81
SG&A/NetSales0.25Total Debt/Equity0.83
Asset Utilization   Liquidity  
Net Receivables Turnover8.53Quick Ratio1.18
Inventory TurnoverNACurrent Ratio1.18
Inventory Day SalesNANet Rec/Curr Assets0.33
Net Sales/Work Cap20.14Inv/Curr AssetsNA
Net Sales/PP&E9.24  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 174.19 167.61 160.13 167.91
Cost of Goods Sold 65.08 64.99 62.97 67.17
Selling & Admin Exps 47.25 41.53 42.30 38.63
Operating Income 41.04 40.00 34.08 41.62
Interest Exp 9.10 8.54 8.42 8.31
Pretax Income 32.39 28.83 26.11 33.48
Other Income 0.45 -2.63 0.45 0.17
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 19.47 21.09 26.98 25.29

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 131.45 145.97 135.69 119.74
Receivables - Total 83.46 87.22 62.07 67.74
Inventories - Total NA NA NA NA
Total Current Assets 231.89 263.05 215.61 202.43
Net Property, Plant & Equipment 78.41 73.93 70.29 67.64
Total Assets 2,072.23 2,038.78 2,002.89 2,002.26
Liabilities        
Accounts Payable 76.53 65.34 56.12 81.75
Debt in Current Liabilities 18.00 18.00 18.00 18.00
Total Current Liabilities 160.94 149.52 143.11 171.39
Long-Term Debt 753.59 757.22 758.35 762.20
Total Liabilities 1,041.36 1,035.67 1,026.99 1,062.93
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 101.45 81.98 60.89 33.92
Treasury Stock 0.00 0.00 -0.10 -0.10
Total Stockholders' Equity 1,030.87 1,003.10 975.91 939.34
Total Liabilities and Stockholders' Equity 2,072.23 2,038.78 2,002.89 2,002.26

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 64.86 17.73 24.57 80.83
Net Cash Provided by Investing Activities -76.75 -6.93 -9.66 -12.64
Net Cash Provided by Financing Activities -2.70 -1.98 2.86 -1.12

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2014441.37-25.82--
12/2015541.3413.86--
12/2016625.1648.850.55
Growth Rates19.01----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1716080,34086.98




Report Date : 12/11/2017

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