Cerner Corporation (CERN) Financial Statements (2024 and earlier)
Company Profile
Business Address |
2800 ROCK CREEK PKWY, W0162 NORTH KANSAS CITY, MO 64117 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 7373 - Computer Integrated Systems Design (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
3/31/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 842 | 1,058 | 556 | 775 | 806 | 356 | |||
Cash and cash equivalents | 590 | 616 | 442 | 374 | 371 | 171 | |||
Short-term investments | 253 | 442 | 114 | 401 | 435 | 186 | |||
Receivables | 1,161 | 1,169 | 1,140 | 1,183 | 1,043 | 945 | |||
Inventory, net of allowances, customer advances and progress billings | 28 | 23 | 23 | 25 | 16 | 15 | |||
Inventory | 28 | 23 | 23 | 25 | 16 | 15 | |||
Disposal group, including discontinued operation | 89 | ||||||||
Other undisclosed current assets | 328 | 401 | 378 | 335 | 516 | 303 | |||
Total current assets: | 2,449 | 2,651 | 2,097 | 2,319 | 2,380 | 1,619 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 83 | 105 | 123 | ✕ | ✕ | ✕ | |||
Property, plant and equipment | 1,656 | 1,804 | 1,859 | 1,744 | 1,603 | 1,553 | |||
Long-term investments and receivables | 478 | 527 | 419 | 300 | 216 | 151 | |||
Long-term investments | 462 | 510 | 419 | 300 | 210 | 123 | |||
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | ✕ | 6 | 28 | |||
Accounts and financing receivable, after allowance for credit loss | 16 | 17 | |||||||
Intangible assets, net (including goodwill) | 1,590 | 1,244 | 1,248 | 1,253 | 1,333 | 1,410 | |||
Goodwill | 1,131 | 915 | 883 | 848 | 853 | 844 | |||
Intangible assets, net (excluding goodwill) | 458 | 329 | 364 | 405 | 480 | 566 | |||
Deferred costs | (1) | ||||||||
Other noncurrent assets | 194 | 198 | 209 | 199 | 134 | 219 | |||
Other undisclosed noncurrent assets | 984 | 992 | 940 | 895 | 803 | 678 | |||
Total noncurrent assets: | 4,985 | 4,870 | 4,798 | 4,390 | 4,089 | 4,011 | |||
TOTAL ASSETS: | 7,434 | 7,521 | 6,895 | 6,709 | 6,469 | 5,630 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 870 | 775 | 667 | 559 | 467 | 507 | |||
Employee-related liabilities | 317 | 310 | 246 | 196 | 184 | 212 | |||
Accounts payable | 330 | 236 | 273 | 294 | 219 | 238 | |||
Accrued liabilities | 223 | 230 | 148 | 69 | 64 | 58 | |||
Deferred revenue | 531 | 393 | 360 | ✕ | ✕ | ✕ | |||
Debt | 225 | 5 | 12 | 26 | |||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 399 | 311 | 312 | ||
Total current liabilities: | 1,626 | 1,169 | 1,027 | 963 | 790 | 845 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 1,611 | 1,336 | 1,143 | 439 | 515 | 538 | |||
Long-term debt, excluding current maturities | 1,611 | 1,336 | 1,038 | ||||||
Other undisclosed long-term debt and lease obligation | 439 | 515 | 538 | ||||||
Liabilities, other than long-term debt | 516 | 534 | 134 | 379 | 14 | 13 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 14 | 13 | ||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 336 | ||||
Deferred income tax liabilities | 395 | 376 | ✕ | ✕ | ✕ | ||||
Other liabilities | 121 | 158 | 134 | 42 | |||||
Operating lease, liability | 105 | ✕ | ✕ | ✕ | |||||
Other undisclosed noncurrent liabilities | 273 | 366 | 306 | ||||||
Total noncurrent liabilities: | 2,127 | 1,870 | 1,550 | 818 | 894 | 857 | |||
Total liabilities: | 3,754 | 3,039 | 2,577 | 1,780 | 1,684 | 1,702 | |||
Equity | |||||||||
Equity, attributable to parent | 3,680 | 4,483 | 4,317 | 4,928 | 4,785 | 3,928 | |||
Common stock | 4 | 4 | 4 | 4 | 4 | 4 | |||
Treasury stock, value | (5,665) | (4,165) | (3,408) | (2,108) | (1,464) | (1,291) | |||
Additional paid in capital | 2,717 | 2,289 | 1,905 | 1,560 | 1,380 | 1,231 | |||
Accumulated other comprehensive loss | (128) | (121) | (119) | (104) | (73) | (110) | |||
Retained earnings | 6,752 | 6,476 | 5,935 | 5,577 | 4,939 | 4,094 | |||
Total equity: | 3,680 | 4,483 | 4,317 | 4,928 | 4,785 | 3,928 | |||
TOTAL LIABILITIES AND EQUITY: | 7,434 | 7,521 | 6,895 | 6,709 | 6,469 | 5,630 |
Income Statement (P&L) ($ in millions)
3/31/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
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Revenues | 5,765 | 5,506 | 5,693 | 5,366 | 5,142 | 4,796 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | 5,366 | 5,142 | 4,796 | |
Cost of revenue | (1,001) | (933) | (1,071) | (937) | (854) | (779) | ||
Cost of goods and services sold | (1,001) | (933) | (937) | (854) | (779) | |||
Gross profit: | 4,764 | 4,573 | 4,622 | 4,429 | 4,288 | 4,017 | ||
Operating expenses | (4,056) | (3,879) | (4,021) | (3,654) | (3,328) | (3,106) | ||
Other undisclosed operating income | 221 | |||||||
Operating income: | 708 | 915 | 601 | 775 | 960 | 911 | ||
Nonoperating income (expense) | (9) | 77 | 54 | 26 | 7 | 7 | ||
Investment income, nonoperating | 26 | 29 | 38 | 34 | 19 | 15 | ||
Other nonoperating income (expense) | 9 | 1 | 0 | (0) | (4) | (3) | ||
Interest and debt expense | (43) | (29) | (14) | (8) | (8) | (4) | ||
Income from continuing operations before equity method investments, income taxes: | 656 | 962 | 640 | 793 | 959 | 914 | ||
Other undisclosed income from continuing operations before income taxes | 43 | 29 | 14 | 8 | 8 | 4 | ||
Income from continuing operations before income taxes: | 699 | 991 | 655 | 801 | 967 | 918 | ||
Income tax expense | (144) | (211) | (125) | (171) | (100) | (282) | ||
Income from continuing operations: | 556 | 780 | 529 | 630 | 867 | 636 | ||
Income before gain (loss) on sale of properties: | ✕ | 556 | 780 | 529 | 630 | 867 | 636 | |
Net income available to common stockholders, diluted: | 556 | 780 | 529 | 630 | 867 | 636 |
Comprehensive Income ($ in millions)
3/31/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
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Net income: | 556 | 780 | 529 | 630 | 867 | 636 | ||
Other comprehensive income (loss) | 4 | (3) | 1 | 1 | (5) | (2) | ||
Comprehensive income: | 560 | 777 | 531 | 631 | 862 | 634 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (11) | 1 | (16) | (31) | 42 | (32) | ||
Comprehensive income, net of tax, attributable to parent: | 549 | 778 | 514 | 600 | 904 | 603 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.