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Jun 30, 2022
Multiplan Q2 2022 Earnings Report
MultiPlan's financial performance improved with revenue and net income growth.
Key Takeaways
MultiPlan reported a 5.0% increase in revenues, reaching $290.1 million, and a net income of $13.5 million for Q2 2022, compared to a net loss in Q2 2021. The company also saw growth in adjusted EBITDA and free cash flow.
Revenues increased by 5.0% to $290.1 million compared to Q2 2021.
Net income was $13.5 million, a significant improvement from the net loss of $46.9 million in Q2 2021.
Adjusted EBITDA rose by 2.1% to $209.6 million year-over-year.
Free cash flow increased to $21.8 million from $14.8 million in the prior year.
Forward Guidance
The Company is maintaining its Full Year 2022 guidance.
Positive Outlook
- Revenues: $1,160 million to $1,200 million
- Adjusted EBITDA: $850 million to $875 million
- Cash flow from operations: $380 million to $420 million
- Capital expenditures: $90 million to $100 million
- Effective tax rate: 25% to 28%
Challenges Ahead
- Interest expense: $280 million to $290 million
- Depreciation: $65 million to $70 million
- Amortization of intangible assets: $335 million to $345 million
- COVID-related revenue impact of approximately $15-20 million
- COVID-related Adjusted EBITDA impact of approximately $12-16 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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