Centene Financial Statements From 2010 to 2022

CNC -  USA Stock  

USD 82.95  0.69  0.82%

Centene Corp financial statements provide useful quarterly and yearly information to potential Centene Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Centene Corp financial statements helps investors assess Centene Corp's valuation, profitability, and current liquidity needs.
We have found one hundred seven available fundamental signals for Centene Corp, which can be analyzed and compared to other ratios and to its rivals. Make sure you validate all of Centene Corp prevailing market performance against the performance between 2010 and 2022 to make sure the company can sustain itself down the road.
Centene Corp Average Assets are projected to increase significantly based on the last few years of reporting. The past year's Average Assets were at 74.49 Billion. The current year Earnings Before Interest Taxes and Depreciation Amortization EBITDA is expected to grow to about 4.3 B, whereas Net Income Per Employee is forecasted to decline to about 17.9 K.
  
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Check Centene Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Centene main balance sheet or income statement drivers, such as Direct Expenses of 111.7 B, Consolidated Income of 1.1 B or Cost of Revenue of 120.6 B, as well as many exotic indicators such as Interest Coverage of 2.75, Long Term Debt to Equity of 0.63 or Calculated Tax Rate of 35.51. Centene financial statements analysis is a perfect complement when working with Centene Corp Valuation or Volatility modules. It can also supplement various Centene Corp Technical models. Continue to the analysis of Centene Corp Correlation against competitors.

Centene Corp Revenues

135.93 Billion

Share

Centene Corp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets84.6 B78.4 B28.4 B
Increasing
Slightly volatile
Cash and Equivalents14.2 B13.1 B5.4 B
Increasing
Slightly volatile
Investments16.8 B15.6 B6.2 B
Increasing
Slightly volatile
Investments Current1.7 B1.5 B635 M
Increasing
Slightly volatile
Investments Non Current15.2 B14 B5.5 B
Increasing
Slightly volatile
Deferred Revenue373.7 M434 M241.8 M
Increasing
Slightly volatile
Property Plant and Equipment Net3.7 B3.4 B1.4 B
Increasing
Slightly volatile
Trade and Non Trade Receivables13.2 B12.2 B4.3 B
Increasing
Slightly volatile
Trade and Non Trade Payables9.2 B8.5 B3.4 B
Increasing
Slightly volatile
Goodwill and Intangible Assets29.8 B27.6 B9.1 B
Increasing
Slightly volatile
Total Liabilities55.4 B51.4 B18.6 B
Increasing
Slightly volatile
Shareholders Equity28.9 B26.8 B9.7 B
Increasing
Slightly volatile
Accumulated Retained Earnings Deficit8.8 B8.1 B3.2 B
Increasing
Slightly volatile
Accumulated Other Comprehensive Income64.2 M77 M40 M
Increasing
Slightly volatile
Current Assets30.7 B28.5 B11.1 B
Increasing
Slightly volatile
Assets Non Current53.8 B49.9 B17.4 B
Increasing
Slightly volatile
Current Liabilities27.8 B25.8 B9.9 B
Increasing
Slightly volatile
Liabilities Non Current27.6 B25.6 B8.7 B
Increasing
Slightly volatile
Total Debt20.3 B18.8 B6.9 B
Increasing
Slightly volatile
Debt Current288.1 M267 M62.2 M
Increasing
Slightly volatile
Debt Non Current20 B18.6 B6.8 B
Increasing
Slightly volatile
Shareholders Equity USD28.9 B26.8 B9.7 B
Increasing
Slightly volatile
Cash and Equivalents USD14.2 B13.1 B5.4 B
Increasing
Slightly volatile
Total Debt USD20.3 B18.8 B6.9 B
Increasing
Slightly volatile
Accounts Payable9.2 B8.5 B3.4 B
Increasing
Slightly volatile
Receivables13.2 B12.2 B4.3 B
Increasing
Slightly volatile

Centene Corp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues135.9 B126 B51.2 B
Increasing
Slightly volatile
Cost of Revenue120.6 B111.8 B44.9 B
Increasing
Slightly volatile
Selling General and Administrative Expense11 B10.2 B4.4 B
Increasing
Slightly volatile
Operating Expenses13.4 B12.4 B5.2 B
Increasing
Slightly volatile
Interest Expense717.5 M665 M269.5 M
Increasing
Slightly volatile
Income Tax Expense466.2 M477 M355.7 M
Increasing
Slightly volatile
Net Loss Income from Discontinued Operations894.7 K900 K984.2 K
Decreasing
Slightly volatile
Consolidated Income1.1 B1.3 B676.7 M
Increasing
Slightly volatile
Net Income to Non Controlling Interests(11.9 M)(11 M)(7.6 M)
Decreasing
Slightly volatile
Net Income1.1 B1.3 B684.2 M
Increasing
Slightly volatile
Net Income Common Stock1.1 B1.3 B684.2 M
Increasing
Slightly volatile
Weighted Average Shares502.3 M582.8 M339.9 M
Increasing
Slightly volatile
Weighted Average Shares Diluted511.1 M590.5 M348.3 M
Increasing
Slightly volatile
Earning Before Interest and Taxes EBIT2.1 B2.5 B1.3 B
Increasing
Slightly volatile
Revenues USD135.9 B126 B51.2 B
Increasing
Slightly volatile
Net Income Common Stock USD1.1 B1.3 B684.2 M
Increasing
Slightly volatile
Earning Before Interest and Taxes USD2.1 B2.5 B1.3 B
Increasing
Slightly volatile
Gross Profit15.3 B14.2 B6.3 B
Increasing
Slightly volatile
Operating Income1.6 B1.8 B1.1 B
Increasing
Slightly volatile
Direct Expenses111.7 B103.5 B41.9 B
Increasing
Slightly volatile

Centene Corp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow from Financing1.6 B1.4 B1.4 B
Increasing
Slightly volatile
Issuance Repayment of Debt Securities 1.6 B1.6 B1.3 B
Increasing
Slightly volatile
Issuance Purchase of Equity Shares(304.8 M)(297 M)93.8 M
Decreasing
Very volatile
Net Cash Flow from Operations4.5 B4.2 B1.8 B
Increasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (11.3 M)(11 M)(1.3 M)
Decreasing
Stable
Net Cash Flow or Change in Cash and Cash Equivalents1.9 B2.3 B1.1 B
Increasing
Slightly volatile
Share Based Compensation174.6 M203 M113.9 M
Increasing
Slightly volatile
Depreciation Amortization and Accretion1.6 B1.5 B504.2 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share2.222.311.6843
Increasing
Slightly volatile
Earnings per Diluted Share2.182.281.6465
Increasing
Slightly volatile
Earnings per Basic Share USD2.222.311.6843
Increasing
Slightly volatile
Return on Average Equity0.07320.0510.1058
Decreasing
Slightly volatile
Return on Average Assets0.02440.0180.036
Decreasing
Slightly volatile
Return on Invested Capital0.130.0860.2081
Decreasing
Slightly volatile
Gross Margin0.130.1130.1261
Decreasing
Stable
Profit Margin0.01250.0110.016
Decreasing
Slightly volatile
EBITDA Margin0.03750.0310.0376
Decreasing
Stable
Return on Sales0.02250.020.0287
Decreasing
Stable
Asset Turnover1.941.6912.4515
Decreasing
Slightly volatile
Enterprise Value over EBITDA12.6213.4929.5909
Increasing
Slightly volatile
Enterprise Value over EBIT18.6321.013.2024
Increasing
Slightly volatile
Price to Earnings Ratio36.6135.67199.7985
Decreasing
Stable
Sales per Share182216116
Increasing
Slightly volatile
Price to Sales Ratio0.390.3810.3391
Increasing
Stable
Price to Book Value1.921.7942.2862
Decreasing
Slightly volatile
Debt to Equity Ratio2.161.9171.9556
Increasing
Slightly volatile
Current Ratio1.221.1061.1108
Increasing
Stable
Free Cash Flow per Share4.835.6533.1548
Increasing
Slightly volatile
Book Value per Share49.645.97421.0459
Increasing
Slightly volatile
Tangible Assets Book Value per Share70.487.12642.0021
Increasing
Slightly volatile
Total Assets Per Share14513561.3913
Increasing
Slightly volatile
Cash Flow Per Share7.797.21914.139
Increasing
Slightly volatile
Return on Investment4.154.04611.825
Decreasing
Slightly volatile
Operating Margin2.181.41612.4615
Decreasing
Stable
Calculated Tax Rate35.5126.3137.4506
Decreasing
Slightly volatile
Receivables Turnover11.7911.487422.2397
Decreasing
Slightly volatile
PPandE Turnover37.3340.870137.5452
Increasing
Slightly volatile
Cash and Equivalents Turnover12.2410.534511.6201
Decreasing
Stable
Accounts Payable Turnover22.4716.19123.9667
Decreasing
Slightly volatile
Interest Coverage2.752.68277.4679
Decreasing
Slightly volatile
Long Term Debt to Equity0.630.69310.6229
Increasing
Slightly volatile
Quick Ratio0.971.04390.9888
Increasing
Slightly volatile
Net Current Assets as percentage of Total Assets3.053.48582.8813
Increasing
Stable
Revenue to Assets2.21.60742.3321
Decreasing
Slightly volatile

Centene Corp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax1.6 B1.8 BB
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA4.3 BB1.8 B
Increasing
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD4.3 BB1.8 B
Increasing
Slightly volatile
Market Capitalization51.9 B48.1 B18.1 B
Increasing
Slightly volatile
Enterprise Value57.7 B53.5 B19.3 B
Increasing
Slightly volatile
Invested Capital33.2 B30.7 B10.9 B
Increasing
Slightly volatile
Average Equity28.5 B26.4 B9.3 B
Increasing
Slightly volatile
Average Assets80.4 B74.5 B27 B
Increasing
Slightly volatile
Invested Capital Average31.3 B29 B10 B
Increasing
Slightly volatile
Tangible Asset Value54.8 B50.8 B19.3 B
Increasing
Slightly volatile
Free Cash Flow3.6 B3.3 B1.4 B
Increasing
Slightly volatile
Working Capital2.9 B2.7 B1.1 B
Increasing
Slightly volatile
Revenue Per Employee1.5 M1.7 M1.3 M
Increasing
Slightly volatile
Net Income Per Employee17.9 K18.6 K19.2 K
Increasing
Stable

Centene Fundamental Market Drivers

Short Percent Of Float1.40%
Forward Price Earnings13.30
Shares Short Prior Month7.5M
Average Daily Volume Last 10 Day3.35M
Average Daily Volume In Three Month2.81M
Date Short Interest29th of April 2022
Fifty Day Average82.51
Two Hundred Day Average77.74

Centene Upcoming Events

Upcoming Quarterly Report8th of February 2022
Next Financial Report26th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End8th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Centene Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Centene Corp income statement, its balance sheet, and the statement of cash flows. Centene Corp investors use historical funamental indicators, such as Centene Corp's revenue or net income, to determine how well the company is positioned to perform in the future. Although Centene Corp investors may use each financial statement separately, they are all related. The changes in Centene Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Centene Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Centene Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Centene Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue434 M373.7 M
Cost of Revenue111.8 B120.6 B
Revenues126 B135.9 B
Revenue to Assets 1.61  2.20 
Revenue Per Employee1.7 M1.5 M
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people.

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Our tools can tell you how much better you can do entering a position in Centene Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

Centene Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
The correlation of Centene Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Centene Corp Correlation against competitors. Note that the Centene Corp information on this page should be used as a complementary analysis to other Centene Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running Centene Corp price analysis, check to measure Centene Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.21
Market Capitalization
48.9 B
Quarterly Revenue Growth YOY
0.22
Return On Assets
0.0312
Return On Equity
0.0553
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Centene Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.