Centene Corporation (CNC) financial statements (2022 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)

12/31/2021
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 investments14,65712,38012,9866,0644,6034,4351,936
Cash and cash equivalents13,11810,80012,1235,3424,0723,9301,760
Short-term investments1,5391,580863722531505176
Other current assets1,6021,3171,090784687832390
Other undisclosed current assets12,2389,6966,2475,1503,4133,0981,279
Total current assets:28,49723,39320,32311,9988,7038,3653,605
Noncurrent Assets
Property, plant and equipment3,3912,7742,1211,7061,104797518
Long-term investments and receivables14,04312,8537,7176,8615,3124,5451,927
Long-term investments14,04312,8537,7176,8615,3124,5451,927
Intangible assets, net (including goodwill)27,59527,0408,9269,2546,1476,257997
Goodwill19,77118,6526,8637,0154,7494,712842
Intangible assets, net (excluding goodwill)7,8248,3882,0632,2391,3981,545155
Restricted cash and investments1,0681,060658555135138115
Other noncurrent assets3,7811,5991,24952745495177
Total noncurrent assets:49,87845,32620,67118,90313,15211,8323,734
TOTAL ASSETS:78,37568,71940,99430,90121,85520,1977,339
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,4937,0694,1644,0514,1653,763976
Other undisclosed accounts payable and accrued liabilities8,4937,0694,1644,0514,1653,763976
Deferred revenue434523383
Debt2679724938445
Deferred revenue and credits328313143
Contract with customer, liability385
Other undisclosed current liabilities16,57113,8968,1367,4974,8354,5432,505
Total current liabilities:25,76521,58512,93211,9719,3328,6233,629
Noncurrent Liabilities
Long-term debt and lease obligation18,57116,68213,6386,6484,6954,6511,216
Long-term debt, excluding current maturities18,57116,68213,6386,6484,6954,6511,216
Liabilities, other than long-term debt7,0174,4901,7321,259952869170
Deferred income tax liabilities1,4071,534 
Other liabilities5,6102,9561,7321,259952869170
Total noncurrent liabilities:25,58821,17215,3707,9075,6475,5201,386
Total liabilities:51,35342,75728,30219,87814,97914,1435,015
Temporary equity, carrying amount8277331012145156
Stockholders' equity
Stockholders' equity attributable to parent26,79525,77312,55110,9176,8505,8952,157
Common stock11     
Treasury stock, value(1,094)(816)(214)(139)(244)(179)(147)
Additional paid in capital19,67219,4597,6477,4494,3494,190956
Accumulated other comprehensive income (loss)77337134(56)(3)(36)(10)
Retained earnings8,1396,7924,9843,6632,7481,9201,358
Stockholders' equity attributable to noncontrolling interest14511210896141411
Total stockholders' equity:26,94025,88512,65911,0136,8645,9092,168
TOTAL LIABILITIES AND EQUITY:78,37568,71940,99430,90121,85520,1977,339

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
Revenues125,982111,11574,63960,11648,38240,60722,760
Financial services revenue43,35335,39919,389
Cost of revenue(111,165)(96,939)(65,411)(52,120)(42,376)(35,393)(20,080)
Gross profit:14,81714,1769,2287,9966,0065,2142,680
Operating expenses(13,033)(11,094)(7,447)(6,538)(4,807)(3,954)(1,975)
Operating income:1,7843,0821,7811,4581,1991,260705
Nonoperating income
(Investment Income, Nonoperating)
81948044325319011435
Interest and debt expense(790)(728)(442)(343)(255)(217)(43)
Other undisclosed loss from continuing operations before equity method investments, income taxes (61)     
Income from continuing operations before income taxes:1,8132,7731,7821,3681,1341,157697
Income tax expense(477)(979)(473)(474)(326)(599)(339)
Income before gain (loss) on sale of properties:1,3361,7941,309894808558358
Other undisclosed net income (loss)     3(1)
Net income:1,3361,7941,309894808561357
Net income (loss) attributable to noncontrolling interest1114126201(2)
Net income available to common stockholders, diluted:1,3471,8081,321900828562355

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:1,3361,7941,309894808561357
Other comprehensive income (loss)(260)203190(53)33(26)(9)
Comprehensive income:1,0761,9971,499841841535348
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1114126201(2)
Comprehensive income, net of tax, attributable to parent:1,0872,0111,511847861536346

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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