Centene (CNC) FY2024 results: revenue $163.1 billion, up 5.9% on the year
Centene Corp. (CNC) reported revenue of $163.1 billion for fiscal 2024, the year ended 31 December 2024, up 5.9% on the year before. Net income was $3.3 billion, up 22.3%, and diluted earnings per share $6.31. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$163.1 billion
+5.9% on the year
FY2017FY2024
Operating margin
1.9%
1.9% a year earlier
FY2017FY2024
Net income
$3.3 billion
+22.3% on the year
FY2017FY2024
Diluted EPS
$6.31
+27.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
154
8,053
6,261
-98.1%
Capital expenditure
644
799
1,004
-19.4%
Free cash flow
-490
7,254
5,257
Free cash flow margin
-0.3%
4.7%
3.6%
Cash from investing
-1,052
-1,191
-2,921
Cash from financing
-2,406
-1,658
-4,197
Depreciation and amortisation
1,241
1,293
1,430
-4.0%
Share-based compensation
212
216
234
-1.9%
Buybacks
3,124
1,633
3,096
+91.3%
Diluted shares, weighted
524m
546m
582m
-4.0%
Shares outstanding at period end
496m
534m
551m
-7.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
26,410
25,840
24,057
+2.2%
Non-controlling interest
90.0
97.0
124
-7.2%
Redeemable equity
10.0
19.0
56.0
-47.4%
Debt
18,640
17,962
18,179
+3.8%
Operating lease liabilities
738
880
3,133
-16.1%
Other liabilities
36,557
39,843
31,321
-8.2%
Total liabilities and equity
82,445
84,641
76,870
-2.6%
Fixed assets
2,067
2,019
2,432
+2.4%
Goodwill
17,558
17,558
18,812
0.0%
Intangible assets
5,409
6,101
6,911
-11.3%
Investments
20,051
18,745
17,005
+7.0%
Cash and equivalents
14,063
17,193
12,074
-18.2%
Other assets
23,297
23,025
19,636
+1.2%
Total assets
82,445
84,641
76,870
-2.6%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.