Independence Holding Company (IHC) Financial Statements
$57.01NYSE: IHC
Independence Holding Company most recently reported annual revenue of $444.0M, net profit of $19.0M. Revenue declined at an average annual rate of 3.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Independence Holding Company: Revenue rose from $418.0M in 2011 to $444.0M in 2020, a change of +6.2% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 4.5% to 6.7%, a shift of +2.3 percentage points; the most recent year shows net profit of $19.0M.
Income Statement — 10 Years (USD millions)
Metric
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Revenue
$418.0M
$428.0M
$575.0M
$534.0M
$523.0M
$311.0M
$320.0M
$351.0M
$374.0M
$444.0M
Operating Expenses
$399.0M
$403.0M
$551.0M
$511.0M
$475.0M
$279.0M
$292.0M
$314.0M
$349.0M
$414.0M
Operating Profit
$19.0M
$25.0M
$24.0M
$23.0M
$48.0M
$32.0M
$28.0M
$37.0M
$25.0M
$30.0M
Operating Margin
4.5%
5.8%
4.1%
4.4%
9.2%
10.3%
8.8%
10.5%
6.7%
6.7%
Other Income
$0
$0
$0
$0
$0
$0
$0
$1.0M
$0
$0
Interest
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
$2.0M
$0
$0
$0
$0
Depreciation
$16.0M
$4.0M
$5.0M
$4.0M
$3.0M
$2.0M
$2.0M
$3.0M
$3.0M
$5.0M
Profit Before Tax
$18.0M
$25.0M
$24.0M
$23.0M
$48.0M
$32.0M
$28.0M
$38.0M
$25.0M
$30.0M
Tax
$20.2M
$8.1M
$35.5M
$27.4M
$36.7M
$29.8M
$-48.7M
$22.6M
$50.5M
$36.0M
Net Profit
$13.0M
$20.0M
$14.0M
$16.0M
$30.0M
$123.0M
$42.0M
$28.0M
$12.0M
$19.0M
EPS
$0.74
$1.09
$0.77
$0.92
$1.71
$7.09
$2.63
$1.89
$0.83
$1.28
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 12 Quarters (USD millions)
8 duplicate period labels in the source data were collapsed.
Metric
Dec '18
Mar '19
Jun '19
Sep '19
Dec '19
Mar '20
Jun '20
Sep '20
Dec '20
Mar '21
Jun '21
Sep '21
Revenue
$88.0M
$94.0M
$95.0M
$95.0M
$90.0M
$104.0M
$107.0M
$113.0M
$119.0M
$125.0M
$49.0M
$7.0M
Operating Expenses
$82.0M
$84.0M
$87.0M
$86.0M
$93.0M
$99.0M
$107.0M
$113.0M
$119.0M
$118.0M
$-27.0M
$-7.0M
Operating Profit
$6.0M
$10.0M
$8.0M
$9.0M
$-3.0M
$5.0M
$1.0M
$0
$0
$7.0M
$76.0M
$14.0M
Operating Margin
6.6%
11.0%
8.9%
9.9%
-3.5%
5.1%
0.6%
0.0%
0.0%
5.5%
154.5%
211.8%
Interest
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Profit Before Tax
$6.0M
$11.0M
$9.0M
$9.0M
$-3.0M
$5.0M
$1.0M
$11.0M
$13.0M
$7.0M
$-1.0M
$-15.0M
Tax
$15.9M
$15.6M
$18.7M
$34.5M
$-196.5M
$19.6M
$32.1M
$18.5M
$57.6M
$18.9M
$37.9M
$23.7M
Net Profit
$5.0M
$9.0M
$7.0M
$6.0M
$-9.0M
$4.0M
$0
$9.0M
$5.0M
$6.0M
$76.0M
$17.0M
EPS
$0.32
$0.58
$0.46
$0.41
$-0.63
$0.29
$0.03
$0.59
$0.37
$0.38
$5.22
$1.18
Over the 10 years reported for Independence Holding Company, borrowings decreased from $48.0M in 2011 to $10.0M in 2020, cash stood at $72.0M in the latest year, shareholders' equity was $19.0M, current assets covered current liabilities 1.13 times.
Balance Sheet — 10 Years (USD millions)
Metric
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Total Assets
$1.3B
$1.2B
$1.2B
$1.1B
$1.1B
$1.1B
$1.0B
$1.0B
$1.0B
$147.0M
Current Assets
$18.0M
$24.0M
$24.0M
$25.0M
$19.0M
$72.0M
$26.0M
$26.0M
$21.0M
$72.0M
Cash
$18.0M
$24.0M
$24.0M
$25.0M
$19.0M
$22.0M
$26.0M
$26.0M
$21.0M
$72.0M
Inventory
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Receivables
$109.0M
$252.0M
$440.0M
$341.0M
$550.0M
$483.0M
$403.0M
$393.0M
$389.0M
$386.0M
Fixed Assets
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Investments
$881.0M
$1.5B
$1.1B
$1.2B
$867.0M
$919.0M
$890.0M
$914.0M
$774.0M
$825.0M
Other Assets
$50.0M
$50.0M
$50.0M
$50.0M
$53.0M
$42.0M
$51.0M
$51.0M
$60.0M
$75.0M
Total Liabilities
$1.1B
$959.0M
$991.0M
$887.0M
$865.0M
$698.0M
$609.0M
$586.0M
$595.0M
$613.0M
Current Liabilities
$1.1B
$931.0M
$956.0M
$852.0M
$831.0M
$698.0M
$609.0M
$53.0M
$61.0M
$64.0M
Borrowings
$48.0M
$766.0M
$586.0M
$626.0M
$43.0M
$0
$0
$0
$0
$10.0M
Other Liabilities
$1.0B
$194.0M
$404.0M
$261.0M
$822.0M
$698.0M
$609.0M
$586.0M
$595.0M
$603.0M
Equity
$17.0M
$18.0M
$19.0M
$19.0M
$19.0M
$19.0M
$19.0M
$19.0M
$19.0M
$19.0M
Reserves
$261.0M
$286.0M
$269.0M
$291.0M
$323.0M
$437.0M
$432.0M
$449.0M
$460.0M
$470.0M
For Independence Holding Company, operating cash flow was positive in 6 of 10 reported years; free cash flow in the latest year was $51.0M; free cash flow was positive in 6 of 10 years; financing activities used $22.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 10 Years (USD millions)
Metric
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Operating Cash Flow
$28.0M
$-115.0M
$-162.0M
$27.0M
$-165.0M
$-31.0M
$29.0M
$36.0M
$39.0M
$51.0M
Investing Cash Flow
$-24.0M
$123.0M
$182.0M
$-16.0M
$168.0M
$99.0M
$28.0M
$-28.0M
$-27.0M
$13.0M
Financing Cash Flow
$2.0M
$-3.0M
$-23.0M
$-15.0M
$-11.0M
$-69.0M
$-98.0M
$-14.0M
$-22.0M
$-22.0M
Net Cash Flow
$7.0M
$6.0M
$0
$1.0M
$-6.0M
$3.0M
$4.0M
$-1.0M
$-6.0M
$50.0M
Free Cash Flow
$28.0M
$-115.0M
$-162.0M
$27.0M
$-165.0M
$-31.0M
$29.0M
$36.0M
$39.0M
$51.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.02
EV / EBITDA
-1.80
FCF Yield
—
Quick Ratio
1.13
Interest Coverage
—
Return 1Y
—
Return 3Y
—
Return 5Y
—
Independence Holding Company (IHC) financials — frequently asked questions
What is Independence Holding Company's annual revenue?
Independence Holding Company (IHC) reported annual revenue of $444.0M in its most recent fiscal year.
What is Independence Holding Company's net profit?
Independence Holding Company (IHC) reported net profit of $19.0M in its most recent fiscal year.
What is IHC EV/EBITDA?
Independence Holding Company's enterprise value to EBITDA (EV/EBITDA) ratio is -1.80. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.