Cerner Corporation (CERN) financial statements (2022 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
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8421,058556775806356513
Cash and cash equivalents590616442374371171402
Short-term investments253442114401435186111
Receivables1,1611,1691,1401,1831,0439451,034
Inventory, net of allowances, customer advances and progress billings28232325161516
Inventory28232325161516
Disposal group, including discontinued operation89      
Other undisclosed current assets328401378335516303265
Total current assets:2,4492,6512,0972,3192,3801,6191,828
Noncurrent Assets
Operating lease, right-of-use asset83105123
Property, plant and equipment1,6561,8041,8591,7441,6031,5531,309
Long-term investments and receivables478527419300216151247
Long-term investments462510419300210123190
Accounts and financing receivable, after allowance for credit loss1617     
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 62857
Intangible assets, net (including goodwill)1,5901,2441,2481,2531,3331,4101,487
Goodwill1,131915883848853844799
Intangible assets, net (excluding goodwill)458329364405480566688
Deferred costs     (1)(1)
Other noncurrent assets194198209199134219202
Other undisclosed noncurrent assets984992940895803678489
Total noncurrent assets:4,9854,8704,7984,3904,0894,0113,734
TOTAL ASSETS:7,4347,5216,8956,7096,4695,6305,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities870775667559467507458
Accounts payable330236273294219238216
Accrued liabilities22323014869645858
Employee-related liabilities317310246196184212184
Deferred revenue531393360
Debt225  5122642
Deferred revenue and credits399311312278
Total current liabilities:1,6261,1691,027963790845778
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,6111,3361,143439515538563
Long-term debt, excluding current maturities1,6111,3361,038    
Operating lease, liability  105
Other undisclosed long-term debt and lease obligation   439515538563
Liabilities, other than long-term debt516534134379141326
Deferred revenue and credits141326
Deferred tax liabilities, net336   
Deferred income tax liabilities395376 
Other liabilities12115813442   
Other undisclosed noncurrent liabilities  273 366306325
Total noncurrent liabilities:2,1271,8701,550818894857914
Total liabilities:3,7543,0392,5771,7801,6841,7021,692
Stockholders' equity
Stockholders' equity attributable to parent3,6804,4834,3174,9284,7853,9283,870
Common stock4444444
Treasury stock, value(5,665)(4,165)(3,408)(2,108)(1,464)(1,291)(590)
Additional paid in capital2,7172,2891,9051,5601,3801,2311,076
Accumulated other comprehensive loss(128)(121)(119)(104)(73)(110)(76)
Retained earnings6,7526,4765,9355,5774,9394,0943,458
Total stockholders' equity:3,6804,4834,3174,9284,7853,9283,870
TOTAL LIABILITIES AND EQUITY:7,4347,5216,8956,7096,4695,6305,562

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,7655,5065,6935,3665,1424,7964,425
Revenue, net5,3665,1424,7964,425
Cost of revenue(1,001)(933)(1,071)(937)(854)(779)(751)
Cost of goods and services sold(1,001)(933) (937)(854)(779)(751)
Gross profit:4,7644,5734,6224,4294,2884,0173,674
Operating expenses(4,056)(3,879)(4,021)(3,654)(3,328)(3,106)(2,893)
Other undisclosed operating income 221     
Operating income:708915601775960911781
Nonoperating income (expense)(9)775426770
Investment income, nonoperating26293834191512
Other nonoperating income (expense)910(0)(4)(3)0
Interest and debt expense(43)(29)(14)(8)(8)(4)(12)
Income from continuing operations before equity method investments, income taxes:656962640793959914770
Other undisclosed income from continuing operations before income taxes43291488412
Income from continuing operations before income taxes:699991655801967918781
Income tax expense(144)(211)(125)(171)(100)(282)(242)
Net income available to common stockholders, diluted:556780529630867636539

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:556780529630867636539
Other comprehensive income (loss)4(3)11(5)(2)3
Comprehensive income:560777531631862634543
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11)1(16)(31)42(32)(35)
Comprehensive income, net of tax, attributable to parent:549778514600904603507

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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