Cotiviti Corporation - link to home page

Financial Highlights

($/mn, except per share data)

Cotiviti (NYSE: COTV) is a leading payment accuracy provider that helps healthcare payers and retailers achieve their business objectives by unlocking value from the incongruities the company discovers in the complex interactions customers have with stakeholders. Cotiviti helps clients capture over $3.7 billion annually through improved payment accuracy. Cotiviti provides services to twenty of the top twentyfive largest U.S. healthcare payers and eight of the top ten U.S. retailers.

Income Statement

2016 2015 % Change
Healthcare Revenue $552.0 $467.0 18%
Retail Revenue $73.1 $74.3 -2%
Total revenue $625.2 $541.3 15%
Net Income $48.9 $13.9 252%
EPS (Diluted) $0.55 $0.18 206%
Adjusted EBITDA (1) $239.7 $203.4 18%

Balance Sheet

Total Assets $2,002.3 $2,114.1 -5%
Total Debt $780.2 $1,034.1 -25%
Cash $110.6 $149.4 -26%

Cash Flow

Operating Cash Flow $189.2 $63.2 199%
Capital Expenditures $35.2 $23.0 53%
Free Cash Flow $154.0 $40.2 283%

(1)Adjusted EBITDA is a non-GAAP measure. For a reconciliation of the most directly comparable GAAP measure refer to page 52 of the Annual Report on Form 10-k for the year ended December 31, 2016.