Fundies.
English

Medical Information Technology, Inc.

EDGAR
Filing (4) · filed 2020-11-24

172 filing records in this dataset, filed from 1996-08-16 to 2020-11-24. Reported financial figures are available; chart coverage varies by period.

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Watchlist

Latest quarter

Revenue

115 million Unit2

2020 Q3 · Unit2

Exact inputs and evidence
  • Revenue: 114721343 Unit2 Source

Operating margin

14.09%

2020 Q3 · %

Exact inputs and evidence
  • Operating Income: 16165644 Unit2 Source
  • Revenue: 114721343 Unit2 Source

Operating cash flow

31.4 million Unit2

2020 Q3 · Unit2

Exact inputs and evidence
  • Operating Cash Flow: 85931281 Unit2 Source
  • Operating Cash Flow: 54521730 Unit2 Source
Cash and cash equivalents
50.1 million Unit2 Source
Exact value

50134888 Unit2

Long-term debt including current maturities
Not available
Shares outstanding
37.2 million Unit4 Source
Exact value

37165854 Unit4

Reported share-count change

-0.07% · -25 thousand Unit4

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 37190854 Unit4 · 2019-09-30· Source
  • 37165854 Unit4 · 2020-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

511 million Unit2

2019-10-01 – 2020-09-30

Exact inputs and evidence
  • Revenue: 493844632 Unit2 · 2019-01-01 – 2019-12-31 Source
  • Revenue: 356519593 Unit2 · 2019-01-01 – 2019-09-30 Source
  • Revenue: 142773261 Unit2 · 2020-01-01 – 2020-03-31 Source
  • Revenue: 115838821 Unit2 · 2020-04-01 – 2020-06-30 Source
  • Revenue: 114721343 Unit2 · 2020-07-01 – 2020-09-30 Source

Net income

74.7 million Unit2

2019-10-01 – 2020-09-30

Exact inputs and evidence
  • Net income: 180157193 Unit2 · 2019-01-01 – 2019-12-31 Source
  • Net income: 143259267 Unit2 · 2019-01-01 – 2019-09-30 Source
  • Net income: -25730168 Unit2 · 2020-01-01 – 2020-03-31 Source
  • Net income: 32878961 Unit2 · 2020-04-01 – 2020-06-30 Source
  • Net income: 30622894 Unit2 · 2020-07-01 – 2020-09-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2020-11-24.

Financial data available through: 2019-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2019-12-31
  • Operating income: 11 of 11 periods available· newest 2019-12-31
  • Net income: 11 of 11 periods available· newest 2019-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2019-12-31
  • Capital expenditure: 5 of 11 periods available· newest 2019-12-31
  • Total assets: 11 of 11 periods available· newest 2019-12-31
  • Total liabilities: 11 of 11 periods available· newest 2019-12-31
  • Current assets: 11 of 11 periods available· newest 2019-12-31
  • Current liabilities: 11 of 11 periods available· newest 2019-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2019-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 10 of 11 periods available· newest 2019-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +1.2%

    Prior period

    Unit2 488.19 million

    –

    Current period

    Unit2 493.84 million

    –

    Exact inputs and evidence

    493844632 − 488188746 = 5655886 Unit2

    488188746 Unit2 · 2018-01-01 – 2018-12-31

    Inspect prior input Prior source

    493844632 Unit2 · 2019-01-01 – 2019-12-31

    Inspect current input Current source
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  • Net income

    +220.5%

    Prior period

    Unit2 56.21 million

    –

    Current period

    Unit2 180.16 million

    –

    Exact inputs and evidence

    180157193 − 56205796 = 123951397 Unit2

    56205796 Unit2 · 2018-01-01 – 2018-12-31

    Inspect prior input Prior source

    180157193 Unit2 · 2019-01-01 – 2019-12-31

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  • Operating cash flow

    -48.5%

    Prior period

    Unit2 90.53 million

    –

    Current period

    Unit2 46.63 million

    –

    Exact inputs and evidence

    46634394 − 90526189 = -43891795 Unit2

    90526189 Unit2 · 2018-01-01 – 2018-12-31

    Inspect prior input Prior source

    46634394 Unit2 · 2019-01-01 – 2019-12-31

    Inspect current input Current source
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  • Capital expenditure

    +Unit2 9.16 million

    Prior period

    −Unit2 14.54 million

    –

    Current period

    −Unit2 5.38 million

    –

    Exact inputs and evidence

    -5382609 − -14541509 = 9158900 Unit2

    -14541509 Unit2 · 2018-01-01 – 2018-12-31

    Inspect prior input Prior source

    -5382609 Unit2 · 2019-01-01 – 2019-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2019 2019-01-01 – 2019-12-31

  • Revenue Unit2 493.84 million 100% of revenue
  • Operating costs Derived Unit2 429.36 million 87% of revenue
  • Operating income Unit2 64.48 million 13% of revenue
  • Tax, interest and other Derived −Unit2 115.68 million −23% of revenue
  • Net income Unit2 180.16 million 36% of revenue

Cash

  • Operating cash flow Unit2 46.63 million 9.4% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2010 24%10%66%
  • 2011 23%11%66%
  • 2012 22%10%68%
  • 2013 23%72%
  • 2014 Net income was higher than operating income, so the split is not drawn.
  • 2015 Net income was higher than operating income, so the split is not drawn.
  • 2016 Net income was higher than operating income, so the split is not drawn.
  • 2017 Net income was higher than operating income, so the split is not drawn.
  • 2018 12%87%
  • 2019 Net income was higher than operating income, so the split is not drawn.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2010 2010-01-01 – 2010-12-31459098488 304332421 Derived 154766067 45940763 Derived 108825304 Unavailable
Source
2011 2011-01-01 – 2011-12-31545224384 362239160 Derived 182985224 58983922 Derived 124001302 Unavailable
Source
2012 2012-01-01 – 2012-12-31597838787 406232938 Derived 191605849 61059314 Derived 130546535 Unavailable
Source
2013 2013-01-01 – 2013-12-31579645457 416029942 Derived 163615515 30287343 Derived 133328172 Unavailable
Source
2014 2014-01-01 – 2014-12-31517002274 408070311 Derived 108931963 -14576392 Derived 123508355 Unavailable
Source
2015 2015-01-01 – 2015-12-31475525581 408396955 Derived 67128626 -2938166 Derived 70066792 Unavailable
Source
2016 2016-01-01 – 2016-12-31462256468 392365276 Derived 69891192 -2999006 Derived 72890198 Unavailable
Source
2017 2017-01-01 – 2017-12-31480903895 416922761 Derived 63981134 -13447442 Derived 77428576 Unavailable
Source
2018 2018-01-01 – 2018-12-31488188746 423421473 Derived 64767273 8561477 Derived 56205796 Unavailable
Source
2019 2019-01-01 – 2019-12-31493844632 429364970 Derived 64479662 -115677531 Derived 180157193 Unavailable
Source

Amounts are exact, in Unit2.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit2 493.8M 2019
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.645.7M484.2M322.8M161.4M0.0201020152019
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit2)Source evidence
2010Revenue459098488
2011Revenue545224384
2012Revenue597838787
2013Revenue579645457
2014Revenue517002274
2015Revenue475525581
2016Revenue462256468
2017Revenue480903895
2018Revenue488188746
2019Revenue493844632

Revenue growth

Change in revenue from the same financial period one year earlier.

1.2% 2019
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.21.1%12.6%4.0%-4.6%-13.2%201020152019
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2010Year over year16.8%
2011Year over year18.8%
2012Year over year9.7%
2013Year over year-3%
2014Year over year-10.8%
2015Year over year-8%
2016Year over year-2.8%
2017Year over year4%
2018Year over year1.5%
2019Year over year1.2%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 13.1% 2019
Net margin 36.5% 2019
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.39.4%29.5%19.7%9.8%0.0%201020152019
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2010Operating margin33.7%
2011Operating margin33.6%
2012Operating margin32%
2013Operating margin28.2%
2014Operating margin21.1%
2015Operating margin14.1%
2016Operating margin15.1%
2017Operating margin13.3%
2018Operating margin13.3%
2019Operating margin13.1%
2010Net margin23.7%
2011Net margin22.7%
2012Net margin21.8%
2013Net margin23%
2014Net margin23.9%
2015Net margin14.7%
2016Net margin15.8%
2017Net margin16.1%
2018Net margin11.5%
2019Net margin36.5%
2010Free cash flow marginNot reported
2011Free cash flow marginNot reported
2012Free cash flow marginNot reported
2013Free cash flow marginNot reported
2014Free cash flow marginNot reported
2015Free cash flow marginNot reported
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

Unit2 46.6M 2019
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.152.2M114.1M76.1M38.0M0.0201020152019
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit2)Source evidence
2010Operating cash flow128263540
2011Operating cash flow140922586
2012Operating cash flow139841329
2013Operating cash flow130019640
2014Operating cash flow73250910
2015Operating cash flow79245824
2016Operating cash flow62066105
2017Operating cash flow65337714
2018Operating cash flow90526189
2019Operating cash flow46634394

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit2)Source evidence
2010Free cash flowUnavailable
2011Free cash flowUnavailable
2012Free cash flowUnavailable
2013Free cash flowUnavailable
2014Free cash flowUnavailable
2015Free cash flowUnavailable
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

16.7% 2019
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.108%81%54%27%0%201020152019
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2010Liabilities / assets100%
2011Liabilities / assets18.5%
2012Liabilities / assets16.9%
2013Liabilities / assets18.2%
2014Liabilities / assets18.2%
2015Liabilities / assets17.5%
2016Liabilities / assets17.5%
2017Liabilities / assets19.8%
2018Liabilities / assets19.1%
2019Liabilities / assets16.7%

Current assets to current liabilities

Current assets divided by current liabilities.

7.23× 2019
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7.81×5.86×3.91×1.95×0.00×201020152019
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2010Current assets / current liabilities4.17×
2011Current assets / current liabilities4.19×
2012Current assets / current liabilities4.88×
2013Current assets / current liabilities4.28×
2014Current assets / current liabilities6.52×
2015Current assets / current liabilities6.21×
2016Current assets / current liabilities6.67×
2017Current assets / current liabilities4.57×
2018Current assets / current liabilities4.31×
2019Current assets / current liabilities7.23×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2010 2010-01-01 – 2010-12-31
Unit2 108.83 million
Exact value

Exact value: 108825304 Unit2

2010-01-01 – 2010-12-31: 108825304 Unit2 Inspect Net Income Open source
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Unit2 128.26 million
Exact value

Exact value: 128263540 Unit2

2010-01-01 – 2010-12-31: 128263540 Unit2 Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2011 2011-01-01 – 2011-12-31
Unit2 124 million
Exact value

Exact value: 124001302 Unit2

2011-01-01 – 2011-12-31: 124001302 Unit2 Inspect Net Income Open source
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Unit2 140.92 million
Exact value

Exact value: 140922586 Unit2

2011-01-01 – 2011-12-31: 140922586 Unit2 Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2012 2012-01-01 – 2012-12-31
Unit2 130.55 million
Exact value

Exact value: 130546535 Unit2

2012-01-01 – 2012-12-31: 130546535 Unit2 Inspect Net Income Open source
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Unit2 139.84 million
Exact value

Exact value: 139841329 Unit2

2012-01-01 – 2012-12-31: 139841329 Unit2 Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2013 2013-01-01 – 2013-12-31
Unit2 133.33 million
Exact value

Exact value: 133328172 Unit2

2013-01-01 – 2013-12-31: 133328172 Unit2 Inspect Net Income Open source
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Unit2 130.02 million
Exact value

Exact value: 130019640 Unit2

2013-01-01 – 2013-12-31: 130019640 Unit2 Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2014 2014-01-01 – 2014-12-31
Unit2 123.51 million
Exact value

Exact value: 123508355 Unit2

2014-01-01 – 2014-12-31: 123508355 Unit2 Inspect Net Income Open source
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Unit2 73.25 million
Exact value

Exact value: 73250910 Unit2

2014-01-01 – 2014-12-31: 73250910 Unit2 Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2015 2015-01-01 – 2015-12-31
Unit2 70.07 million
Exact value

Exact value: 70066792 Unit2

2015-01-01 – 2015-12-31: 70066792 Unit2 Inspect Net Income Open source
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Unit2 79.25 million
Exact value

Exact value: 79245824 Unit2

2015-01-01 – 2015-12-31: 79245824 Unit2 Inspect Operating Cash Flow Open source
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Unavailable The mapped spending value is negative, so its direction is unclear.
Source
Inspect Capital Expenditure Open source
Unavailable

Capital expenditure has a negative mapped value; spending direction is unclear.

2016 2016-01-01 – 2016-12-31
Unit2 72.89 million
Exact value

Exact value: 72890198 Unit2

2016-01-01 – 2016-12-31: 72890198 Unit2 Inspect Net Income Open source
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Unit2 62.07 million
Exact value

Exact value: 62066105 Unit2

2016-01-01 – 2016-12-31: 62066105 Unit2 Inspect Operating Cash Flow Open source
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Unavailable The mapped spending value is negative, so its direction is unclear.
Source
Inspect Capital Expenditure Open source
Unavailable

Capital expenditure has a negative mapped value; spending direction is unclear.

2017 2017-01-01 – 2017-12-31
Unit2 77.43 million
Exact value

Exact value: 77428576 Unit2

2017-01-01 – 2017-12-31: 77428576 Unit2 Inspect Net Income Open source
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Unit2 65.34 million
Exact value

Exact value: 65337714 Unit2

2017-01-01 – 2017-12-31: 65337714 Unit2 Inspect Operating Cash Flow Open source
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Unavailable The mapped spending value is negative, so its direction is unclear.
Source
Inspect Capital Expenditure Open source
Unavailable

Capital expenditure has a negative mapped value; spending direction is unclear.

2018 2018-01-01 – 2018-12-31
Unit2 56.21 million
Exact value

Exact value: 56205796 Unit2

2018-01-01 – 2018-12-31: 56205796 Unit2 Inspect Net Income Open source
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Unit2 90.53 million
Exact value

Exact value: 90526189 Unit2

2018-01-01 – 2018-12-31: 90526189 Unit2 Inspect Operating Cash Flow Open source
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Unavailable The mapped spending value is negative, so its direction is unclear.
Source
Inspect Capital Expenditure Open source
Unavailable

Capital expenditure has a negative mapped value; spending direction is unclear.

2019 2019-01-01 – 2019-12-31
Unit2 180.16 million
Exact value

Exact value: 180157193 Unit2

2019-01-01 – 2019-12-31: 180157193 Unit2 Inspect Net Income Open source
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Unit2 46.63 million
Exact value

Exact value: 46634394 Unit2

2019-01-01 – 2019-12-31: 46634394 Unit2 Inspect Operating Cash Flow Open source
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Unavailable The mapped spending value is negative, so its direction is unclear.
Source
Inspect Capital Expenditure Open source
Unavailable

Capital expenditure has a negative mapped value; spending direction is unclear.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

172 filings · 2,031 latest values · 2,031 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001011452, 1011452, edgar:1011452

Also known as MEDICAL INFORMATION TECHNOLOGY INC, Medical Information Technology, Inc.