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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8421,058556775806356
Cash and cash equivalents 590616442374371171
Short-term investments 253442114401435186
Receivables 1,1611,1691,1401,1831,043945
Inventory, net of allowances, customer advances and progress billings 282323251615
Inventory 282323251615
Disposal group, including discontinued operation 89     
Other undisclosed current assets 328401378335516303
Total current assets: 2,4492,6512,0972,3192,3801,619
Noncurrent Assets
Operating lease, right-of-use asset 83105123
Property, plant and equipment 1,6561,8041,8591,7441,6031,553
Long-term investments and receivables 478527419300216151
Long-term investments 462510419300210123
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 628
Accounts and financing receivable, after allowance for credit loss 1617    
Intangible assets, net (including goodwill) 1,5901,2441,2481,2531,3331,410
Goodwill 1,131915883848853844
Intangible assets, net (excluding goodwill) 458329364405480566
Deferred costs      (1)
Other noncurrent assets 194198209199134219
Other undisclosed noncurrent assets 984992940895803678
Total noncurrent assets: 4,9854,8704,7984,3904,0894,011
TOTAL ASSETS: 7,4347,5216,8956,7096,4695,630
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 870775667559467507
Employee-related liabilities 317310246196184212
Accounts payable 330236273294219238
Accrued liabilities 223230148696458
Deferred revenue 531393360
Debt 225  51226
Deferred revenue and credits399311312
Total current liabilities: 1,6261,1691,027963790845
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1,6111,3361,143439515538
Long-term debt, excluding current maturities 1,6111,3361,038   
Other undisclosed long-term debt and lease obligation    439515538
Liabilities, other than long-term debt 5165341343791413
Deferred revenue and credits1413
Deferred tax liabilities, net336  
Deferred income tax liabilities 395376 
Other liabilities 12115813442  
Operating lease, liability   105
Other undisclosed noncurrent liabilities   273 366306
Total noncurrent liabilities: 2,1271,8701,550818894857
Total liabilities: 3,7543,0392,5771,7801,6841,702
Equity
Equity, attributable to parent 3,6804,4834,3174,9284,7853,928
Common stock 444444
Treasury stock, value (5,665)(4,165)(3,408)(2,108)(1,464)(1,291)
Additional paid in capital 2,7172,2891,9051,5601,3801,231
Accumulated other comprehensive loss (128)(121)(119)(104)(73)(110)
Retained earnings 6,7526,4765,9355,5774,9394,094
Total equity: 3,6804,4834,3174,9284,7853,928
TOTAL LIABILITIES AND EQUITY: 7,4347,5216,8956,7096,4695,630

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
Revenues 5,7655,5065,6935,3665,1424,796
Revenue, net5,3665,1424,796
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: 4,7644,5734,6224,4294,2884,017
Operating expenses (4,056)(3,879)(4,021)(3,654)(3,328)(3,106)
Other undisclosed operating income  221    
Operating income: 708915601775960911
Nonoperating income (expense) (9)77542677
Investment income, nonoperating 262938341915
Other nonoperating income (expense) 910(0)(4)(3)
Interest and debt expense (43)(29)(14)(8)(8)(4)
Income from continuing operations before equity method investments, income taxes: 656962640793959914
Other undisclosed income from continuing operations before income taxes 432914884
Income from continuing operations before income taxes: 699991655801967918
Income tax expense (144)(211)(125)(171)(100)(282)
Income from continuing operations: 556780529630867636
Income before gain (loss) on sale of properties:556780529630867636
Net income available to common stockholders, diluted: 556780529630867636

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
Net income: 556780529630867636
Other comprehensive income (loss) 4(3)11(5)(2)
Comprehensive income: 560777531631862634
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: 549778514600904603

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.

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