Centene Corporation (CNC) financial statements (2021 and earlier)

Company profile

Business Address 7700 FORSYTH BLVD.
ST LOUIS, MO 63105
State of Incorp. DE
Fiscal Year End December 31
SIC 6324 - Hospital and Medical Service Plans (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 investments12,38012,9866,0644,6034,4351,9361,723
Cash and cash equivalents10,80012,1235,3424,0723,9301,7601,546
Short-term investments1,580863722531505176177
Disposal group, including discontinued operation      75
Other current assets1,3171,090784687832390324
Other undisclosed current assets9,6966,2475,1503,4133,0981,279912
Total current assets:23,39320,32311,9988,7038,3653,6053,034
Noncurrent Assets
Property, plant and equipment2,7742,1211,7061,104797518445
Long-term investments and receivables12,8537,7176,8615,3124,5451,9271,280
Long-term investments12,8537,7176,8615,3124,5451,9271,280
Intangible assets, net (including goodwill)27,0408,9269,2546,1476,257997874
Goodwill18,6526,8637,0154,7494,712842754
Intangible assets, net (excluding goodwill)8,3882,0632,2391,3981,545155120
Restricted cash and investments1,060658555135138115100
Disposal group, including discontinued operation, noncurrent assets      25
Other noncurrent assets1,5991,2495274549517780
Total noncurrent assets:45,32620,67118,90313,15211,8323,7342,804
TOTAL ASSETS:68,71940,99430,90121,85520,1977,3395,838
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,0694,1644,0514,1653,763976751
Other undisclosed accounts payable and accrued liabilities7,0694,1644,0514,1653,763976751
Deferred revenue523383
Debt97249384455
Disposal group, including discontinued operation      17
Deferred revenue and credits328313143168
Contract with customer, liability385
Other undisclosed current liabilities13,8968,1367,4974,8354,5432,5051,959
Total current liabilities:21,58512,93211,9719,3328,6233,6292,900
Noncurrent Liabilities
Long-term debt and lease obligation16,68213,6386,6484,6954,6511,216888
Long-term debt, excluding current maturities16,68213,6386,6484,6954,6511,216888
Liabilities, other than long-term debt4,4901,7321,259952869170159
Deferred income tax liabilities1,534 
Disposal group, including discontinued operation, liabilities      1
Other liabilities2,9561,7321,259952869170158
Total noncurrent liabilities:21,17215,3707,9075,6475,5201,3861,047
Total liabilities:42,75728,30219,87814,97914,1435,0153,947
Temporary equity, carrying amount77331012145156148
Stockholders' equity
Stockholders' equity attributable to parent25,77312,55110,9176,8505,8952,1571,744
Common stock1      
Treasury stock, value(816)(214)(139)(244)(179)(147)(98)
Additional paid in capital19,4597,6477,4494,3494,190956840
Accumulated other comprehensive income (loss)337134(56)(3)(36)(10)(1)
Retained earnings6,7924,9843,6632,7481,9201,3581,003
Stockholders' equity attributable to noncontrolling interest11210896141411(1)
Total stockholders' equity:25,88512,65911,0136,8645,9092,1681,743
TOTAL LIABILITIES AND EQUITY:68,71940,99430,90121,85520,1977,3395,838

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
Revenues111,11574,63960,11648,38240,60722,76016,560
Financial services revenue43,35335,39919,38914,198
Cost of revenue(96,939)(65,411)(52,120)(42,376)(35,393)(20,080)(14,693)
Gross profit:14,1769,2287,9966,0065,2142,6801,867
Operating expenses(11,094)(7,447)(6,538)(4,807)(3,954)(1,975)(1,403)
Operating income:3,0821,7811,4581,1991,260705464
Nonoperating income
(Investment Income, Nonoperating)
4804432531901143528
Interest and debt expense(728)(442)(343)(255)(217)(43)(35)
Other undisclosed loss from continuing operations before equity method investments, income taxes(61)      
Income from continuing operations before equity method investments, income taxes:2,7731,7821,3681,1341,157697457
Income from equity method investments      6
Income from continuing operations before income taxes:2,7731,7821,3681,1341,157697463
Income tax expense(979)(473)(474)(326)(599)(339)(196)
Other undisclosed loss from continuing operations      (6)
Income from continuing operations:1,7941,309894808558358261
Income from discontinued operations      3
Income before gain (loss) on sale of properties:1,7941,309894808558358264
Other undisclosed net income (loss)    3(1) 
Net income:1,7941,309894808561357264
Net income (loss) attributable to noncontrolling interest14126201(2)7
Net income available to common stockholders, diluted:1,8081,321900828562355271

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:1,7941,309894808561357264
Other comprehensive income (loss)203190(53)33(26)(9)2
Comprehensive income:1,9971,499841841535348266
Comprehensive income (loss), net of tax, attributable to noncontrolling interest14126201(2)7
Comprehensive income, net of tax, attributable to parent:2,0111,511847861536346273

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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