Centene Corporation (CNC) Financial Statements (2024 and earlier)

Company Profile

Business Address 7700 FORSYTH BLVD.
ST LOUIS, MO 63105
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6324 - Hospital and Medical Service Plans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,39514,65712,38012,9866,0644,603
Cash and cash equivalents12,07413,11810,80012,1235,3424,072
Short-term investments2,3211,5391,580863722531
Other current assets2,4611,6021,3171,090784687
Other undisclosed current assets13,27212,2389,6966,2475,1503,413
Total current assets:30,12828,49723,39320,32311,9988,703
Noncurrent Assets
Property, plant and equipment2,4323,3912,7742,1211,7061,104
Long-term investments and receivables14,68414,04312,8537,7176,8615,312
Long-term investments14,68414,04312,8537,7176,8615,312
Intangible assets, net (including goodwill)25,72327,59527,0408,9269,2546,147
Goodwill18,81219,77118,6526,8637,0154,749
Intangible assets, net (excluding goodwill)6,9117,8248,3882,0632,2391,398
Restricted cash and investments1,2171,0681,060658555135
Other noncurrent assets2,6863,7811,5991,249527454
Total noncurrent assets:46,74249,87845,32620,67118,90313,152
TOTAL ASSETS:76,87078,37568,71940,99430,90121,855
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9,5258,4937,0694,1644,0514,165
Other undisclosed accounts payable and accrued liabilities9,5258,4937,0694,1644,0514,165
Deferred revenue478434523383
Debt8226797249384
Deferred revenue and credits328
Contract with customer, liability385
Other undisclosed current liabilities18,37916,57113,8968,1367,4974,835
Total current liabilities:28,46425,76521,58512,93211,9719,332
Noncurrent Liabilities
Long-term debt and lease obligation17,93818,57116,68213,6386,6484,695
Long-term debt, excluding current maturities17,93818,57116,68213,6386,6484,695
Liabilities, other than long-term debt6,2317,0174,4901,7321,259952
Deferred income tax liabilities6151,4071,534 
Other liabilities5,6165,6102,9561,7321,259952
Total noncurrent liabilities:24,16925,58821,17215,3707,9075,647
Total liabilities:52,63351,35342,75728,30219,87814,979
Temporary equity, carrying amount568277331012
Equity
Equity, attributable to parent24,05726,79525,77312,55110,9176,850
Common stock111   
Treasury stock, value(4,213)(1,094)(816)(214)(139)(244)
Additional paid in capital20,06019,67219,4597,6477,4494,349
Accumulated other comprehensive income (loss)(1,132)77337134(56)(3)
Retained earnings9,3418,1396,7924,9843,6632,748
Equity, attributable to noncontrolling interest1241451121089614
Total equity:24,18126,94025,88512,65911,0136,864
TOTAL LIABILITIES AND EQUITY:76,87078,37568,71940,99430,90121,855

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues144,547125,982111,11574,63960,11648,382
Financial services revenue43,353
Cost of revenue(128,320)(111,165)(96,939)(65,411)(52,120)(42,376)
Other undisclosed gross profit      
Gross profit:16,22714,81714,1769,2287,9966,006
Operating expenses(14,909)(13,033)(11,094)(7,447)(6,538)(4,807)
Other undisclosed operating loss      
Operating income:1,3181,7843,0821,7811,4581,199
Nonoperating income
(Investment Income, Nonoperating)
1,279819480443253190
Interest and debt expense(665)(790)(728)(442)(343)(255)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (61)   
Income from continuing operations before equity method investments, income taxes:1,9321,8132,7731,7821,3681,134
Other undisclosed income from continuing operations before income taxes30     
Income from continuing operations before income taxes:1,9621,8132,7731,7821,3681,134
Income tax expense(760)(477)(979)(473)(474)(326)
Income from continuing operations:1,2021,3361,7941,309894808
Income before gain (loss) on sale of properties:1,3361,7941,309894808
Net income:1,2021,3361,7941,309894808
Net income (loss) attributable to noncontrolling interest 111412620
Other undisclosed net income attributable to parent      
Net income available to common stockholders, diluted:1,2021,3471,8081,321900828

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,2021,3361,7941,309894808
Other comprehensive income (loss)(1,209)(260)203190(53)33
Comprehensive income (loss):(7)1,0761,9971,499841841
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 111412620
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(7)1,0872,0111,511847861

Statements Sources

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