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Complete financial analysis of Centene Corporation (CNC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Centene Corporation, a leading company in the Medical – Healthcare Plans industry within the Healthcare sector.
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Centene Corporation (CNC)
About Centene Corporation
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State children's health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and X-ray, home-based primary care, transportation assistance, vision care, dental care, telehealth, immunization, specialty pharmacy, therapy, social work, nurse advisory, and care coordination services, as well as prescriptions and limited over-the-counter drugs, medical equipment, and behavioral health and abuse services. This segment also offers various individual, small group, and large group commercial healthcare products to employers and directly to members. The company's Specialty Services segment provides pharmacy benefits management services; nurse advice line and after-hours support services; vision and dental services, as well as staffing services to correctional systems and other government agencies; and services to Military Health System eligible beneficiaries. This segment offers its services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 154.00B | 144.55B | 125.98B | 111.12B | 74.64B | 60.12B | 48.38B | 40.61B | 22.76B | 16.56B | 10.86B | 8.67B | 5.34B | 4.45B | 4.10B | 3.36B | 2.92B | 2.28B | 1.51B | 1.00B | 769.73M | 461.49M | 326.57M | 221.35M | 201.43M |
| Cost of Revenue | 122.46B | 127.89B | 111.78B | 95.90B | 65.80B | 51.70B | 42.58B | 35.06B | 20.01B | 14.66B | 9.65B | 7.96B | 4.40B | 3.74B | 3.45B | 2.70B | 2.39B | 1.88B | 1.23B | 808.54M | 8.32M | 379.47M | 270.15M | 0.00 | 0.00 |
| Gross Profit | 31.54B | 16.66B | 14.20B | 15.22B | 8.84B | 8.42B | 5.80B | 5.54B | 2.75B | 1.90B | 1.21B | 705.52M | 937.72M | 704.89M | 652.66M | 667.26M | 533.35M | 398.47M | 273.10M | 192.40M | 761.41M | 82.02M | 56.42M | 221.35M | 201.43M |
| Gross Profit Ratio | 20.48% | 11.52% | 11.27% | 13.69% | 11.85% | 14.01% | 11.99% | 13.65% | 12.07% | 11.50% | 11.13% | 8.14% | 17.56% | 15.85% | 15.91% | 19.83% | 18.27% | 17.48% | 18.14% | 19.22% | 98.92% | 17.77% | 17.28% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 10.17B | 11.34B | 6.53B | 6.75B | 4.45B | 4.14B | 2.04B | 1.44B | 931.14M | 704.60M | 477.77M | 547.82M | 514.53M | 444.73M | 399.69M | 346.28M | 193.91M | 127.86M | 88.29M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 109.24M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 12.56B | 11.59B | 10.17B | 11.34B | 6.53B | 6.75B | 4.45B | 4.14B | 2.04B | 1.44B | 931.14M | 704.60M | 587.00M | 547.82M | 514.53M | 444.73M | 399.69M | 346.28M | 193.91M | 127.86M | 88.29M | 50.41M | 37.95M | 32.34M | 29.76M |
| Other Expenses | 16.05B | 1.43B | 770.00M | 719.00M | 258.00M | 211.00M | 156.00M | 147.00M | 1.37B | 824.00M | 333.21M | 456.39M | 160.39M | 165.12M | 225.89M | 90.97M | 79.57M | 81.10M | 0.00 | 0.00 | 626.19M | 379.47M | 270.15M | 182.50M | 178.29M |
| Operating Expenses | 28.61B | 13.02B | 10.94B | 12.06B | 6.79B | 6.96B | 4.60B | 4.28B | 2.04B | 1.44B | 931.14M | 704.60M | 747.40M | 547.82M | 514.53M | 535.70M | 479.26M | 427.38M | 193.91M | 127.86M | 714.48M | 429.88M | 308.10M | 214.83M | 208.04M |
| Cost & Expenses | 151.07B | 140.91B | 122.72B | 107.96B | 72.59B | 58.66B | 47.18B | 39.35B | 22.06B | 16.10B | 10.59B | 8.67B | 5.15B | 4.29B | 3.96B | 3.23B | 2.87B | 2.31B | 1.43B | 936.40M | 722.80M | 809.35M | 578.25M | 214.83M | 208.04M |
| Interest Income | 0.00 | 665.00M | 665.00M | 376.00M | 443.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 725.00M | 665.00M | 665.00M | 728.00M | 412.00M | 343.00M | 255.00M | 217.00M | 43.00M | 35.00M | 26.96M | 20.46M | 20.32M | 17.99M | 16.32M | 16.67M | 15.63M | 10.64M | 3.99M | 680.00K | 194.00K | 45.00K | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.29B | 1.43B | 1.48B | 1.26B | 643.00M | 495.00M | 361.00M | 278.00M | 111.00M | 89.00M | 67.42M | 65.87M | 58.33M | 52.00M | 44.00M | 35.41M | 27.81M | 20.60M | 13.07M | 10.01M | 6.45M | 2.57M | 1.85M | 1.03M | 0.00 |
| EBITDA | 5.62B | 4.06B | 3.95B | 4.76B | 2.84B | 2.21B | 1.75B | 1.65B | 851.00M | 581.00M | 354.60M | 66.78M | 248.65M | 224.27M | 182.14M | 166.98M | 81.90M | 9.58M | 102.92M | 74.55M | 48.22M | 43.75M | 20.32M | 7.55M | -6.61M |
| EBITDA Ratio | 3.65% | 3.59% | 3.76% | 3.97% | 3.61% | 3.25% | 3.22% | 3.79% | 3.59% | 3.34% | 3.17% | 0.77% | 4.66% | 4.70% | 4.44% | 4.96% | 2.81% | -0.36% | 6.13% | 7.45% | 6.26% | -76.90% | -77.70% | 2.84% | -3.28% |
| Operating Income | 2.93B | 3.64B | 3.26B | 3.08B | 1.78B | 1.46B | 1.20B | 1.26B | 705.00M | 464.00M | 277.42M | -27.12M | 190.32M | 157.07M | 138.14M | 131.56M | 54.09M | -28.91M | 79.19M | 64.54M | 46.93M | 31.61M | 18.47M | 6.52M | -6.61M |
| Operating Income Ratio | 1.90% | 2.52% | 2.59% | 2.77% | 2.39% | 2.43% | 2.48% | 3.10% | 3.10% | 2.80% | 2.55% | -0.31% | 3.56% | 3.53% | 3.37% | 3.91% | 1.85% | -1.27% | 5.26% | 6.45% | 6.10% | 6.85% | 5.66% | 2.95% | -3.28% |
| Total Other Income/Expenses | 668.00M | 644.00M | 29.00M | -309.00M | 1.00M | -90.00M | -65.00M | -103.00M | -8.00M | -7.00M | -8.50M | -181.62M | -28.92M | -2.79M | -627.00K | 5.06M | 9.54M | 7.26M | 6.67M | 5.75M | 4.97M | 9.53M | 3.55M | 665.00K | 1.13M |
| Income Before Tax | 3.60B | 1.96B | 1.81B | 2.77B | 1.78B | 1.37B | 1.13B | 1.16B | 697.00M | 457.00M | 268.92M | -11.62M | 174.89M | 154.28M | 137.51M | 136.62M | 63.64M | -21.65M | 85.86M | 70.29M | 51.89M | 41.14M | 22.03M | 7.19M | -5.48M |
| Income Before Tax Ratio | 2.34% | 1.36% | 1.44% | 2.50% | 2.39% | 2.28% | 2.34% | 2.85% | 3.06% | 2.76% | 2.48% | -0.13% | 3.27% | 3.47% | 3.35% | 4.06% | 2.18% | -0.95% | 5.70% | 7.02% | 6.74% | 8.91% | 6.74% | 3.25% | -2.72% |
| Income Tax Expense | 899.00M | 760.00M | 477.00M | 979.00M | 473.00M | 474.00M | 326.00M | 599.00M | 339.00M | 196.00M | 107.08M | -329.00K | 66.52M | 59.90M | 48.84M | 52.44M | 22.37M | 21.98M | 30.22M | 25.98M | 19.50M | 15.63M | 9.13M | -543.00K | 3.93M |
| Net Income | 2.70B | 1.20B | 1.35B | 1.81B | 1.32B | 900.00M | 828.00M | 562.00M | 355.00M | 271.00M | 165.10M | 1.86M | 111.22M | 94.84M | 83.67M | 83.50M | 73.40M | -43.63M | 55.63M | 44.31M | 33.27M | 25.62M | 12.90M | 7.73M | -9.41M |
| Net Income Ratio | 1.75% | 0.83% | 1.07% | 1.63% | 1.77% | 1.50% | 1.71% | 1.38% | 1.56% | 1.64% | 1.52% | 0.02% | 2.08% | 2.13% | 2.04% | 2.48% | 2.51% | -1.91% | 3.69% | 4.43% | 4.32% | 5.55% | 3.95% | 3.49% | -4.67% |
| EPS | 4.97 | 2.09 | 2.31 | 3.17 | 3.19 | 2.31 | 2.40 | 1.76 | 1.49 | 1.17 | 0.76 | 0.01 | 0.56 | 0.49 | 0.49 | 0.48 | 0.42 | -0.25 | 0.33 | 0.27 | 0.23 | 0.21 | 0.75 | 0.67 | -0.87 |
| EPS Diluted | 4.95 | 2.07 | 2.28 | 3.12 | 3.14 | 2.26 | 2.35 | 1.72 | 1.44 | 1.13 | 0.74 | 0.01 | 0.53 | 0.47 | 0.47 | 0.47 | 0.41 | -0.25 | 0.31 | 0.26 | 0.22 | 0.18 | 0.13 | 0.09 | -0.87 |
| Weighted Avg Shares Out | 543.32M | 575.19M | 582.83M | 570.72M | 413.49M | 390.25M | 345.00M | 319.14M | 238.20M | 232.69M | 216.51M | 206.04M | 200.80M | 195.02M | 172.14M | 173.10M | 174.16M | 172.64M | 169.25M | 163.28M | 142.82M | 125.73M | 16.62M | 10.82M | 10.81M |
| Weighted Avg Shares Out (Dil) | 545.70M | 582.04M | 590.52M | 579.14M | 420.41M | 398.51M | 353.09M | 327.95M | 246.13M | 240.72M | 224.99M | 214.86M | 209.90M | 201.79M | 177.27M | 177.60M | 179.29M | 172.64M | 180.11M | 174.47M | 153.69M | 139.73M | 96.23M | 81.84M | 10.81M |
Holding Pattern Continues; CNC, BAH Post Big Beats
Centene (CNC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Centene (CNC) Q3 Earnings and Revenues Beat Estimates
Centene Says It Is Positioned To Capture Long-Term Growth In Government-Sponsored Healthcare, Lifts Annual Outlook
Centene Earnings Are Another Win for Health Insurer Stocks. What to Know.
Obamacare Leads Centene To $713 Million Profit Even As Medicaid Dips
Centene's stock soars 14% after earnings sweep past estimates and company backs guidance
Centene beats quarterly profit estimates on commercial plan strength
CENTENE CORPORATION REPORTS THIRD QUARTER 2024 RESULTS
Harris trades: These healthcare stocks could rally if she wins — or drop if Trump triumphs
Source: https://incomestatements.info
Category: Stock Reports