Cerner Corporation (CERN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0585567758063565131,421
Cash and cash equivalents616442374371171402635
Short-term investments442114401435186111786
Receivables1,1691,1401,1831,0439451,034673
Inventory, net of allowances, customer advances and progress billings23232516151624
Inventory23232516151624
Deferred tax assets    22
Other undisclosed current assets401378335516303265209
Total current assets:2,6512,0972,3192,3801,6191,8282,349
Noncurrent Assets
Operating lease, right-of-use asset105123
Property, plant and equipment1,8041,8591,7441,6031,5531,309924
Long-term investments and receivables527419300216151247243
Long-term investments510419300210123190243
Accounts and financing receivable, after allowance for credit loss17      
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 62857 
Intangible assets, net (including goodwill)1,2441,2481,2531,3331,4101,487447
Goodwill915883848853844799321
Intangible assets, net (excluding goodwill)329364405480566688127
Deferred costs    (1)(1) 
Other noncurrent assets198209199134219202159
Other undisclosed noncurrent assets992940895803678489408
Total noncurrent assets:4,8704,7984,3904,0894,0113,7342,182
TOTAL ASSETS:7,5216,8956,7096,4695,6305,5624,531
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities775667559467507458301
Accounts payable236273294219238216160
Accrued liabilities23014869645858 
Employee-related liabilities310246196184212184140
Deferred revenue393360
Debt  512264267
Deferred revenue and credits399311312278210
Other undisclosed current liabilities      57
Total current liabilities:1,1691,027963790845778634
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3361,14343951553856363
Long-term debt, excluding current maturities1,3361,038     
Operating lease, liability 105
Other undisclosed long-term debt and lease obligation  43951553856363
Liabilities, other than long-term debt53413437914132611
Deferred revenue and credits14132611
Deferred tax liabilities, net336    
Deferred income tax liabilities376 
Other liabilities15813442    
Other undisclosed noncurrent liabilities 273 366306325257
Total noncurrent liabilities:1,8701,550818894857914330
Total liabilities:3,0392,5771,7801,6841,7021,692965
Stockholders' equity
Stockholders' equity attributable to parent4,4834,3174,9284,7853,9283,8703,566
Common stock4444443
Treasury stock, value(4,165)(3,408)(2,108)(1,464)(1,291)(590)(245)
Additional paid in capital2,2891,9051,5601,3801,2311,076933
Accumulated other comprehensive loss(121)(119)(104)(73)(110)(76)(44)
Retained earnings6,4765,9355,5774,9394,0943,4582,918
Total stockholders' equity:4,4834,3174,9284,7853,9283,8703,566
TOTAL LIABILITIES AND EQUITY:7,5216,8956,7096,4695,6305,5624,531

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,5065,6935,3665,1424,7964,4253,403
Revenue, net5,3665,1424,7964,4253,403
Cost of revenue(933)(1,071)(937)(854)(779)(751)(604)
Cost of goods and services sold(933) (937)(854)(779)(751)(604)
Gross profit:4,5734,6224,4294,2884,0173,6742,798
Operating expenses(3,879)(4,021)(3,654)(3,328)(3,106)(2,893)(2,035)
Other undisclosed operating income221      
Operating income:915601775960911781763
Nonoperating income77542677011
Investment income, nonoperating29383419151216
Other nonoperating income (expense)10(0)(4)(3)0(1)
Interest and debt expense(29)(14)(8)(8)(4)(12)(4)
Income from continuing operations before equity method investments, income taxes:962640793959914770770
Other undisclosed income from continuing operations before income taxes2914884124
Income from continuing operations before income taxes:991655801967918781774
Income tax expense(211)(125)(171)(100)(282)(242)(249)
Net income available to common stockholders, diluted:780529630867636539525

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:780529630867636539525
Other comprehensive income (loss)(3)11(5)(2)3 
Comprehensive income:777531631862634543525
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(16)(31)42(32)(35)(31)
Comprehensive income, net of tax, attributable to parent:778514600904603507495

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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