Centene Corporation (CNC) Financial Statements (2024 and earlier)

Company Profile

Business Address 7700 FORSYTH BLVD.
ST LOUIS, MO 63105
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6324 - Hospital and Medical Service Plans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,65214,39514,65712,38012,9866,064
Cash and cash equivalents17,19312,07413,11810,80012,1235,342
Short-term investments2,4592,3211,5391,580863722
Other current assets5,5722,4611,6021,3171,090784
Other undisclosed current assets15,53213,27212,2389,6966,2475,150
Total current assets:40,75630,12828,49723,39320,32311,998
Noncurrent Assets
Property, plant and equipment2,0192,4323,3912,7742,1211,706
Long-term investments and receivables16,28614,68414,04312,8537,7176,861
Long-term investments16,28614,68414,04312,8537,7176,861
Intangible assets, net (including goodwill)23,65925,72327,59527,0408,9269,254
Goodwill17,55818,81219,77118,6526,8637,015
Intangible assets, net (excluding goodwill)6,1016,9117,8248,3882,0632,239
Restricted cash and investments1,3861,2171,0681,060658555
Other noncurrent assets5352,6863,7811,5991,249527
Total noncurrent assets:43,88546,74249,87845,32620,67118,903
TOTAL ASSETS:84,64176,87078,37568,71940,99430,901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:16,4209,5258,4937,0694,1644,051
Other undisclosed accounts payable and accrued liabilities16,4209,5258,4937,0694,1644,051
Deferred revenue715478434523383✕
Debt119822679724938
Contract with customer, liability✕✕✕✕✕✕385
Other undisclosed current liabilities19,46218,37916,57113,8968,1367,497
Total current liabilities:36,71628,46425,76521,58512,93211,971
Noncurrent Liabilities
Long-term debt and lease obligation17,71017,93818,57116,68213,6386,648
Long-term debt, excluding current maturities17,71017,93818,57116,68213,6386,648
Liabilities, other than long-term debt4,2596,2317,0174,4901,7321,259
Deferred income tax liabilities6416151,4071,534 ✕
Other liabilities3,6185,6165,6102,9561,7321,259
Total noncurrent liabilities:21,96924,16925,58821,17215,3707,907
Total liabilities:58,68552,63351,35342,75728,30219,878
Temporary equity, carrying amount195682773310
Equity
Equity, attributable to parent25,84024,05726,79525,77312,55110,917
Common stock1111  
Treasury stock, value(5,856)(4,213)(1,094)(816)(214)(139)
Additional paid in capital20,30420,06019,67219,4597,6477,449
Accumulated other comprehensive income (loss)(652)(1,132)77337134(56)
Retained earnings12,0439,3418,1396,7924,9843,663
Equity, attributable to noncontrolling interest9712414511210896
Total equity:25,93724,18126,94025,88512,65911,013
TOTAL LIABILITIES AND EQUITY:84,64176,87078,37568,71940,99430,901

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues153,999144,547125,982111,11574,63960,116
Cost of revenue(137,977)(128,320)(111,165)(96,939)(65,411)(52,120)
Policyholder benefits and claims incurred, net      
Other undisclosed gross profit1,615     
Gross profit:17,63716,22714,81714,1769,2287,996
Operating expenses(13,092)(14,909)(13,033)(11,094)(7,447)(6,538)
Other undisclosed operating loss(1,615)     
Operating income:2,9301,3181,7843,0821,7811,458
Nonoperating income
(Investment Income, Nonoperating)		1,3931,279819480443253
Interest and debt expense(725)(665)(790)(728)(442)(343)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (61)  
Income from continuing operations before equity method investments, income taxes:3,5981,9321,8132,7731,7821,368
Other undisclosed income from continuing operations before income taxes  30    
Income from continuing operations before income taxes:3,5981,9621,8132,7731,7821,368
Income tax expense(899)(760)(477)(979)(473)(474)
Income from continuing operations:2,6991,2021,3361,7941,309894
Income before gain (loss) on sale of properties:✕✕✕1,3361,7941,309894
Net income:2,6991,2021,3361,7941,309894
Net income attributable to noncontrolling interest3 1114126
Net income available to common stockholders, diluted:2,7021,2021,3471,8081,321900

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,6991,2021,3361,7941,309894
Other comprehensive income (loss)480(1,209)(260)203190(53)
Comprehensive income (loss):3,179(7)1,0761,9971,499841
Comprehensive income, net of tax, attributable to noncontrolling interest3 1114126
Comprehensive income (loss), net of tax, attributable to parent:3,182(7)1,0872,0111,511847

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: