Centene Corporation (CNC) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,9866,0644,6034,4351,9361,7231,076
Cash and cash equivalents12,1235,3424,0723,9301,7601,546974
Short-term investments863722531505176177102
Disposal group, including discontinued operation     7578
Other current assets1,090784687832390324218
Other undisclosed current assets6,2475,1503,4133,0981,279912429
Total current assets:20,32311,9988,7038,3653,6053,0341,800
Noncurrent Assets
Property, plant and equipment2,1211,7061,104797518445395
Long-term investments and receivables7,7176,8615,3124,5451,9271,280792
Long-term investments7,7176,8615,3124,5451,9271,280792
Intangible assets, net (including goodwill)8,9269,2546,1476,257997874397
Goodwill6,8637,0154,7494,712842754348
Intangible assets, net (excluding goodwill)2,0632,2391,3981,54515512049
Restricted cash and investments65855513513811510047
Disposal group, including discontinued operation, noncurrent assets     25
Other noncurrent assets1,249527454951778059
Assets of disposal group, including discontinued operation38
Total noncurrent assets:20,67118,90313,15211,8323,7342,8041,729
TOTAL ASSETS:40,99430,90121,85520,1977,3395,8383,529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,1644,0514,1653,763976751376
Other undisclosed accounts payable and accrued liabilities4,1644,0514,1653,763976751376
Deferred revenue383
Debt2493844553
Disposal group, including discontinued operation     1730
Deferred revenue and credits32831314316838
Contract with customer, liability385
Other undisclosed current liabilities8,1367,4974,8354,5432,5051,9591,112
Total current liabilities:12,93211,9719,3328,6233,6292,9001,559
Noncurrent Liabilities
Long-term debt and lease obligation13,6386,6484,6954,6511,216888666
Long-term debt, excluding current maturities13,6386,6484,6954,6511,216888666
Liabilities, other than long-term debt1,7321,25995286917015961
Disposal group, including discontinued operation, liabilities     11
Other liabilities1,7321,25995286917015860
Total noncurrent liabilities:15,3707,9075,6475,5201,3861,047727
Total liabilities:28,30219,87814,97914,1435,0153,9472,286
Temporary equity, carrying amount331012145156148 
Stockholders' equity
Stockholders' equity attributable to parent12,55110,9176,8505,8952,1571,7441,234
Common stock      0
Treasury stock, value(214)(139)(244)(179)(147)(98)(90)
Additional paid in capital7,6477,4494,3494,190956840594
Accumulated other comprehensive income (loss)134(56)(3)(36)(10)(1)(3)
Retained earnings4,9843,6632,7481,9201,3581,003732
Stockholders' equity attributable to noncontrolling interest10896141411(1)9
Total stockholders' equity:12,65911,0136,8645,9092,1681,7431,243
TOTAL LIABILITIES AND EQUITY:40,99430,90121,85520,1977,3395,8383,529

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues74,63960,11648,38240,60722,76016,56010,863
Financial services revenue43,35335,39919,38914,19810,153
Cost of revenue(65,411)(52,120)(42,376)(35,393)(20,080)(14,693)(9,587)
Gross profit:9,2287,9966,0065,2142,6801,8671,276
Operating expenses(7,447)(6,538)(4,807)(3,954)(1,975)(1,403)(999)
Operating income:1,7811,4581,1991,260705464277
Nonoperating income
(Investment Income, Nonoperating)
443253190114352818
Interest and debt expense(442)(343)(255)(217)(43)(35)(27)
Income from continuing operations before equity method investments, income taxes:1,7821,3681,1341,157697457269
Income from equity method investments     6 
Income from continuing operations before income taxes:1,7821,3681,1341,157697463269
Income tax expense(473)(474)(326)(599)(339)(196)(107)
Other undisclosed loss from continuing operations     (6) 
Income from continuing operations:1,309894808558358261162
Income from discontinued operations     34
Income before gain (loss) on sale of properties:1,309894808558358264166
Other undisclosed net income (loss)   3(1)  
Net income:1,309894808561357264166
Net income (loss) attributable to noncontrolling interest126201(2)7(1)
Net income available to common stockholders, diluted:1,321900828562355271165

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,309894808561357264166
Other comprehensive income (loss)190(53)33(26)(9)2(8)
Comprehensive income:1,499841841535348266158
Comprehensive income (loss), net of tax, attributable to noncontrolling interest126201(2)71
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:1,511847861536346273157

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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