Centene (CNC) FY2021 results: revenue $126.0 billion, up 13.4% on the year
Centene Corp. (CNC) reported revenue of $126.0 billion for fiscal 2021, the year ended 31 December 2021, up 13.4% on the year before. Net income was $1.3 billion, down 25.5%, and diluted earnings per share $2.28. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$126.0 billion
+13.4% on the year
FY2014FY2021
Operating margin
1.4%
2.8% a year earlier
FY2014FY2021
Net income
$1.3 billion
-25.5% on the year
FY2014FY2021
Diluted EPS
$2.28
-26.9% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,205
5,503
1,483
-23.6%
Capital expenditure
910
869
730
+4.7%
Free cash flow
3,295
4,634
753
-28.9%
Free cash flow margin
2.6%
4.2%
1.0%
Cash from investing
-3,299
-6,955
-1,532
Cash from financing
1,362
260
6,832
+423.8%
Depreciation and amortisation
1,335
1,259
643
+6.0%
Share-based compensation
203
281
177
-27.8%
Buybacks
297
626
75.0
-52.6%
Diluted shares, weighted
591m
579m
420m
+2.0%
Shares outstanding at period end
582m
581m
415m
+0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
26,795
25,773
12,551
+4.0%
Non-controlling interest
145
112
108
+29.5%
Redeemable equity
82.0
77.0
33.0
+6.5%
Debt
19,026
16,880
13,859
+12.7%
Operating lease liabilities
3,619
1,334
622
+171.3%
Other liabilities
28,708
24,543
13,821
+17.0%
Total liabilities and equity
78,375
68,719
40,994
+14.1%
Fixed assets
3,391
2,774
2,121
+22.2%
Goodwill
19,771
18,652
6,863
+6.0%
Intangible assets
7,824
8,388
2,063
-6.7%
Investments
15,582
14,433
8,580
+8.0%
Cash and equivalents
13,118
10,800
12,123
+21.5%
Other assets
18,689
13,672
9,244
+36.7%
Total assets
78,375
68,719
40,994
+14.1%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.