Centene (CNC) FY2022 results: revenue $144.5 billion, up 14.7% on the year
Centene Corp. (CNC) reported revenue of $144.5 billion for fiscal 2022, the year ended 31 December 2022, up 14.7% on the year before. Net income was $1.2 billion, down 10.8%, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2023.
Revenue
$144.5 billion
+14.7% on the year
FY2015FY2022
Operating margin
0.9%
1.4% a year earlier
FY2015FY2022
Net income
$1.2 billion
-10.8% on the year
FY2015FY2022
Diluted EPS
$2.07
-9.2% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
6,261
4,205
5,503
+48.9%
Capital expenditure
1,004
910
869
+10.3%
Free cash flow
5,257
3,295
4,634
+59.5%
Free cash flow margin
3.6%
2.6%
4.2%
Cash from investing
-2,921
-3,299
-6,955
Cash from financing
-4,197
1,362
260
Depreciation and amortisation
1,430
1,335
1,259
+7.1%
Share-based compensation
234
203
281
+15.3%
Buybacks
3,096
297
626
+942.4%
Diluted shares, weighted
582m
591m
579m
-1.4%
Shares outstanding at period end
551m
582m
581m
-5.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
24,057
26,795
25,773
-10.2%
Non-controlling interest
124
145
112
-14.5%
Redeemable equity
56.0
82.0
77.0
-31.7%
Debt
18,179
19,026
16,880
-4.5%
Operating lease liabilities
3,133
3,619
1,334
-13.4%
Other liabilities
31,321
28,708
24,543
+9.1%
Total liabilities and equity
76,870
78,375
68,719
-1.9%
Fixed assets
2,432
3,391
2,774
-28.3%
Goodwill
18,812
19,771
18,652
-4.9%
Intangible assets
6,911
7,824
8,388
-11.7%
Investments
17,005
15,582
14,433
+9.1%
Cash and equivalents
12,074
13,118
10,800
-8.0%
Other assets
19,636
18,689
13,672
+5.1%
Total assets
76,870
78,375
68,719
-1.9%
10-K for the year ended 31 December 2022, filed 21 February 2023: the filing.