Cerner Corporation (CERN) financial statements (2020 and earlier)

Company profile

Business Address 2800 ROCKCREEK PKWY, W0162
KANSAS CITY, MO 64117
State of Incorp. DE
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5567758063565131,421879
Cash and cash equivalents442374371171402635202
Short-term investments114401435186111786677
Receivables1,1401,1831,0439451,034673583
Inventory, net of allowances, customer advances and progress billings23251615162432
Inventory23251615162432
Deferred tax assets    2292
Other undisclosed current assets378335516303265209175
Total current assets:2,0972,3192,3801,6191,8282,3491,762
Noncurrent Assets
Operating lease, right-of-use asset123
Property, plant and equipment1,8591,7441,6031,5531,309924793
Long-term investments and receivables419300216151247243567
Long-term investments419300210123190243567
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 62857  
Intangible assets, net (including goodwill)1,2481,2531,3331,4101,487447452
Goodwill883848853844799321307
Intangible assets, net (excluding goodwill)364405480566688127144
Deferred costs   (1)(1)  
Other noncurrent assets209199134219202159190
Other undisclosed noncurrent assets940895803678489408335
Total noncurrent assets:4,7984,3904,0894,0113,7342,1822,337
TOTAL ASSETS:6,8956,7096,4695,6305,5624,5314,098
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities667559467507458301293
Accounts payable273294219238216160145
Accrued liabilities14869645858  
Employee-related liabilities246196184212184140148
Deferred revenue360
Debt 51226426754
Deferred revenue and credits399311312278210210
Other undisclosed current liabilities     5784
Total current liabilities:1,027963790845778634640
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,14343951553856363112
Long-term debt, excluding current maturities1,038      
Operating lease, liability105
Other undisclosed long-term debt and lease obligation 43951553856363112
Liabilities, other than long-term debt134379141326118
Deferred revenue and credits141326118
Deferred tax liabilities, net336     
Other liabilities13442     
Other undisclosed noncurrent liabilities273 366306325257170
Total noncurrent liabilities:1,550818894857914330290
Total liabilities:2,5771,7801,6841,7021,692965931
Stockholders' equity
Stockholders' equity attributable to parent4,3174,9284,7853,9283,8703,5663,168
Common stock4444433
Treasury stock, value(3,408)(2,108)(1,464)(1,291)(590)(245)(28)
Additional paid in capital1,9051,5601,3801,2311,076933813
Accumulated other comprehensive loss(119)(104)(73)(110)(76)(44)(13)
Retained earnings5,9355,5774,9394,0943,4582,9182,393
Total stockholders' equity:4,3174,9284,7853,9283,8703,5663,168
TOTAL LIABILITIES AND EQUITY:6,8956,7096,4695,6305,5624,5314,098

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,6935,3665,1424,7964,4253,4032,911
Revenue, net5,3665,1424,7964,4253,4032,911
Cost of revenue(1,071)(937)(854)(779)(751)(604)(515)
Cost of goods and services sold (937)(854)(779)(751)(604)(515)
Gross profit:4,6224,4294,2884,0173,6742,7982,396
Operating expenses(4,021)(3,654)(3,328)(3,106)(2,893)(2,035)(1,820)
Operating income:601775960911781763576
Nonoperating income54267701112
Investment income, nonoperating38341915121615
Other nonoperating income (expense)0(0)(4)(3)0(1)1
Interest and debt expense(14)(8)(8)(4)(12)(4)(4)
Income from continuing operations before equity method investments, income taxes:640793959914770770584
Other undisclosed income from continuing operations before income taxes148841244
Income from continuing operations before income taxes:655801967918781774588
Income tax expense(125)(171)(100)(282)(242)(249)(190)
Net income available to common stockholders, diluted:529630867636539525398

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:529630867636539525398
Other comprehensive income (loss)11(5)(2)3  
Comprehensive income:531631862634543525398
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(16)(31)42(32)(35)(31)(8)
Comprehensive income, net of tax, attributable to parent:514600904603507495390

Statements sources

The financial statements are based on the company's filings with the 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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