Centene Corporation (NYSE:CNC)

Stock Price: $66.46

+1.52 (2.34%)

Updated Jun 2, 2023 08:01 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	36.47B
Revenue	146.25B
Gross Profit	140.34B
Shares Out	548.77M
EPS (ttm)	2.59
PE Ratio	24.5929
Forward PE	10.4084
Dividend Rate (ttm)	0.0000
Dividend Yield	0.0000

Trading Day	Jun 2
Last Price	$66.46
Previous Close	$64.94
Change ($)	1.52
Change (%)	2.34%
Day's Open	65.22
Day's Range	64.2 - 66.68
Day's Volume	3.60M
52 Week Range	61.34 - 98.53

About Centene Corporation

centene corporation, a fortune 500 company, is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. many receive benefits provided under medicaid, including the state children's health insurance program (chip), as well as aged, blind or disabled (abd), foster care and long term care (ltc), in addition to other state-sponsored/hybrid programs, and medicare (special needs plans).

the company operates local health plans and offers a range of health insurance solutions. it also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health management, care management software, correctional healthcare services, dental benefits management, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy and telehealth services.

News

This managed care company up 30% this year is ‘not an expensive stock’ December 14, 2021

Should you buy CNC shares? Humana reportedly wants to buy Centene September 17, 2021

Quick info

Country

United States

Industry

Direct Health and Medical Insurance Carriers

Sector

Finance and Insurance

Employees

74,300

CEO

Michael Neidorff

Address

7700 Forsyth Blvd
St Louis
Missouri
63105-1807

Phone

13147254477

Website

centene.com

Ticker Symbol

CNC

Exchange

New York Stock Exchange

Reporting Currency

USD

Centene Corporation income statements (2022) (USD)

	July 2022	July 2022	April 2022	February 2022
Total Revenue	35.94B	35.94B	37.19B	32.57B
Cost of Revenue	2.10B	2.10B	1.99B	1.38B
Gross Profit	33.84B	33.84B	35.20B	31.18B
Research & Development	0	0	0	0
Selling General & Admin	2.80B	2.80B	2.75B	2.84B
Operating Expense	34.62B	34.62B	35.93B	31.97B
Operating Income	1.32B	1.32B	1.25B	603M
Other Income Expense Net	0	0	0	0
EBIT	1.32B	1.32B	1.25B	603M
Interest Income	162M	162M	160M	162M
Pretax Income	-236M	-236M	1.15B	694M
Income Tax	-65M	-65M	296M	101M
Minority Interest	1M	1M	3M	-6M
Net Income	-172M	-172M	849M	599M
Net Income Basic	-172M	-172M	849M	599M

Centene Corporation income statements (2021) (USD)

	October 2021	October 2021	July 2021	April 2021	February 2021
Total Revenue	32.41B	32.41B	31.03B	29.98B	28.29B
Cost of Revenue	1.36B	1.36B	1.11B	1.05B	784M
Gross Profit	31.05B	31.05B	29.92B	28.94B	27.50B
Research & Development	0	0	0	0	0
Selling General & Admin	2.68B	2.68B	2.27B	2.37B	2.72B
Operating Expense	31.63B	31.63B	30.19B	28.93B	28.27B
Operating Income	774M	774M	832M	1.05B	15M
Other Income Expense Net	0	0	0	0	0
EBIT	774M	774M	832M	1.05B	15M
Interest Income	170M	170M	163M	170M	177M
Pretax Income	720M	720M	-542M	0.94B	-74M
Income Tax	139M	139M	-7M	244M	-55M
Minority Interest	-3M	-3M	0	-2M	-7M
Net Income	584M	584M	-535M	699M	-12M
Net Income Basic	584M	584M	-535M	699M	-12M

Centene Corporation income statements (2020) (USD)

	October 2020	September 2020	June 2020	March 2020	March 2020
Total Revenue	29.09B	N.A	N.A	N.A	N.A
Cost of Revenue	861M	N.A	N.A	N.A	N.A
Gross Profit	28.23B	N.A	N.A	N.A	N.A
Research & Development	0	N.A	N.A	N.A	N.A
Selling General & Admin	2.51B	N.A	N.A	N.A	N.A
Operating Expense	28.23B	N.A	N.A	N.A	N.A
Operating Income	861M	N.A	N.A	N.A	N.A
Other Income Expense Net	0	N.A	N.A	N.A	N.A
EBIT	861M	N.A	N.A	N.A	N.A
Interest Income	184M	184M	187M	180M	180M
Pretax Income	772M	772M	1.94B	131M	131M
Income Tax	207M	207M	742M	85M	85M
Minority Interest	-3M	-3M	-4M	0	0
Net Income	568M	568M	1.21B	46M	46M
Net Income Basic	568M	568M	1.21B	46M	46M

Centene Corporation income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	113M	99M	101M	99M
Pretax Income	260M	175M	662M	685M
Income Tax	58M	79M	170M	166M
Minority Interest	-7M	1M	-3M	-3M
Net Income	209M	95M	495M	522M
Net Income Basic	209M	95M	495M	522M

Centene Corporation income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	98M	97M	80M	68M
Pretax Income	357M	24M	474M	513M
Income Tax	116M	8M	175M	175M
Minority Interest	0	-3M	-1M	-2M
Net Income	241M	19M	300M	340M
Net Income Basic	241M	19M	300M	340M

Centene Corporation income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A
EBIT	N.A	N.A	N.A
Interest Income	66M	65M	62M
Pretax Income	168M	326M	421M
Income Tax	-55M	125M	169M
Minority Interest	-7M	-4M	-2M
Net Income	230M	205M	254M
Net Income Basic	230M	205M	254M

Centene Corporation balance sheet (2023) (USD)

	April 2023
Current Cash	0
Receivables	15.21B
Inventory	0
Current Assets	35.01B
Other Current Assets	1.81B
Short Term Investments	3.95B
Long Term Investments	47.97B
Property/Plant Equipment	2.48B
Good Will	N.A
Intangible Assets	6.73B
Tangible Assets (Net)	-524M
Other Assets	2.78B
Total Assets	82.98B
Accounts Payable	0
Other Current Liabilities	32.76B
Total Current Liabilities	32.86B
Total Liabilities	57.94B
Long Term Debt	18.22B
Current Long Term Debt	97M
Minority Interest	144M
Common Stock	550.78M
Treasury Stock	-4.64B
Retained Earnings	10.47B
Capital Surplus	N.A
Shareholder Equity	25.04B
Other Liabilities	N.A

Centene Corporation balance sheet (2022) (USD)

	July 2022	July 2022	April 2022	February 2022
Current Cash	0	0	0	0
Receivables	14.15B	14.15B	16.17B	12.24B
Inventory	0	0	0	0
Current Assets	32.41B	32.41B	31.11B	28.50B
Other Current Assets	3.02B	3.02B	2.04B	1.60B
Short Term Investments	4.82B	4.82B	3.70B	3.14B
Long Term Investments	48.65B	48.65B	51.79B	49.88B
Property/Plant Equipment	2.56B	2.56B	3.58B	3.39B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	7.67B	7.67B	8.14B	7.82B
Tangible Assets (Net)	-1.69B	-1.69B	-1.87B	-800M
Other Assets	3.22B	3.22B	3.83B	3.78B
Total Assets	81.06B	81.06B	82.90B	78.38B
Accounts Payable	0	0	0	0
Other Current Liabilities	28.79B	28.79B	29.39B	25.50B
Total Current Liabilities	29.09B	29.09B	29.69B	25.77B
Total Liabilities	54.77B	54.77B	55.73B	51.58B
Long Term Debt	18.46B	18.46B	18.64B	18.57B
Current Long Term Debt	300M	300M	292M	267M
Minority Interest	274M	274M	261M	227M
Common Stock	583.64M	583.64M	583.23M	582.83M
Treasury Stock	-1.51B	-1.51B	-1.17B	-1.09B
Retained Earnings	8.82B	8.82B	8.99B	8.14B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	26.29B	26.29B	27.17B	26.80B
Other Liabilities	N.A	N.A	N.A	N.A

Centene Corporation balance sheet (2021) (USD)

	October 2021	October 2021	July 2021	April 2021	February 2021
Current Cash	0	0	0	0	0
Receivables	11.52B	11.52B	11.20B	11.60B	9.70B
Inventory	0	0	0	0	0
Current Assets	28.06B	28.06B	25.46B	24.44B	23.39B
Other Current Assets	1.60B	1.60B	1.68B	1.55B	1.32B
Short Term Investments	3.12B	3.12B	3.24B	3.21B	2.90B
Long Term Investments	49.69B	49.69B	46.08B	45.85B	45.33B
Property/Plant Equipment	3.30B	3.30B	2.91B	2.82B	2.77B
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	8.14B	8.14B	8.07B	8.24B	8.39B
Tangible Assets (Net)	-1.38B	-1.38B	-0.96B	-681M	-1.27B
Other Assets	3.87B	3.87B	1.71B	1.64B	1.60B
Total Assets	77.74B	77.74B	71.54B	70.29B	68.72B
Accounts Payable	0	0	0	0	0
Other Current Liabilities	24.80B	24.80B	23.39B	22.22B	21.49B
Total Current Liabilities	25.04B	25.04B	23.64B	22.28B	21.59B
Total Liabilities	51.28B	51.28B	45.63B	43.94B	42.95B
Long Term Debt	18.59B	18.59B	16.54B	16.70B	16.68B
Current Long Term Debt	245M	245M	253M	62M	97M
Minority Interest	208M	208M	217M	194M	189M
Common Stock	583.24M	583.24M	582.80M	581.87M	570.72M
Treasury Stock	-845M	-845M	-830M	-826M	-816M
Retained Earnings	7.54B	7.54B	6.96B	7.49B	6.79B
Capital Surplus	N.A	N.A	N.A	N.A	N.A
Shareholder Equity	26.47B	26.47B	25.91B	26.34B	25.77B
Other Liabilities	N.A	N.A	N.A	N.A	N.A

Centene Corporation balance sheet (2020) (USD)

	October 2020	September 2020	June 2020	March 2020	March 2020
Current Cash	0	N.A	N.A	N.A	N.A
Receivables	11.67B	N.A	N.A	N.A	N.A
Inventory	0	N.A	N.A	N.A	N.A
Current Assets	27.28B	27.28B	25.58B	22.84B	22.84B
Other Current Assets	1.91B	1.84B	N.A	N.A	N.A
Short Term Investments	3.41B	1.50B	1.56B	1.39B	1.39B
Long Term Investments	41.09B	N.A	11.96B	748M	748M
Property/Plant Equipment	2.67B	3.76B	3.45B	3.29B	3.29B
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	8.13B	8.13B	8.70B	8.90B	8.90B
Tangible Assets (Net)	-369M	7.76B	7.62B	6.13B	6.13B
Other Assets	1.41B	2.23B	2.78B	3.29B	3.29B
Total Assets	68.36B	68.36B	68.35B	66.43B	66.43B
Accounts Payable	0	1.12B	9.74B	9.39B	9.39B
Other Current Liabilities	21.71B	20.39B	11.87B	11.74B	11.74B
Total Current Liabilities	21.80B	21.80B	21.71B	21.45B	21.45B
Total Liabilities	42.64B	42.49B	43.14B	42.74B	42.74B
Long Term Debt	16.74B	17.78B	17.54B	17.94B	17.94B
Current Long Term Debt	89M	287M	106M	129M	129M
Minority Interest	154M	-3M	-4M	0	0
Common Stock	19.39B	579.73M	579.35M	579.12M	579.12M
Treasury Stock	-762M	762M	758M	755M	755M
Retained Earnings	6.80B	6.80B	6.24B	5.03B	5.03B
Capital Surplus	N.A	19.39B	19.33B	19.28B	19.28B
Shareholder Equity	25.73B	25.73B	25.06B	23.55B	23.55B
Other Liabilities	N.A	N.A	N.A	N.A	N.A

Centene Corporation balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	19.78B	13.17B	13.36B	13.38B
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	863M	804M	765M	697M
Long Term Investments	1.53B	643M	567M	402M
Property/Plant Equipment	2.78B	2.65B	2.51B	2.42B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	2.06B	2.09B	2.16B	2.21B
Tangible Assets (Net)	-4.05B	5.44B	5.03B	4.56B
Other Assets	1.68B	1.45B	1.47B	1.33B
Total Assets	40.99B	34.25B	34.37B	33.57B
Accounts Payable	4.83B	4.70B	4.71B	5.20B
Other Current Liabilities	7.70B	8.20B	7.54B	7.59B
Total Current Liabilities	12.77B	13.12B	12.50B	12.99B
Total Liabilities	28.30B	21.82B	22.10B	21.93B
Long Term Debt	14.26B	7.60B	7.64B	7.36B
Current Long Term Debt	88M	66M	87M	40M
Minority Interest	-7M	1M	-3M	-3M
Common Stock	415.05M	413.79M	413.53M	413.31M
Treasury Stock	214M	180M	176M	174M
Retained Earnings	4.98B	4.78B	4.68B	4.19B
Capital Surplus	7.65B	7.57B	7.53B	7.49B
Shareholder Equity	12.55B	12.31B	12.15B	11.54B
Other Liabilities	N.A	N.A	N.A	N.A

Centene Corporation balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	11.42B	12.29B	13.22B	9.87B
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	722M	594M	602M	507M
Long Term Investments	1.11B	382M	322M	290M
Property/Plant Equipment	1.71B	1.58B	1.33B	1.25B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	2.24B	2.42B	1.50B	1.52B
Tangible Assets (Net)	-5.91B	3.85B	5.26B	2.21B
Other Assets	1.31B	1.44B	1.50B	1.61B
Total Assets	30.90B	31.16B	28.74B	25.17B
Accounts Payable	4.72B	5.47B	4.33B	5.48B
Other Current Liabilities	7.22B	7.27B	5.53B	5.41B
Total Current Liabilities	11.97B	12.74B	9.86B	10.89B
Total Liabilities	19.88B	20.40B	18.04B	17.58B
Long Term Debt	6.65B	6.38B	6.28B	5.17B
Current Long Term Debt	38M	4M	4M	4M
Minority Interest	0	-3M	-1M	-2M
Common Stock	412.48M	410.71M	410.49M	353.59M
Treasury Stock	139M	85M	81M	139M
Retained Earnings	3.66B	3.42B	3.40B	3.10B
Capital Surplus	7.45B	7.40B	7.36B	4.59B
Shareholder Equity	10.92B	10.65B	10.61B	7.50B
Other Liabilities	N.A	N.A	N.A	N.A

Centene Corporation balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	N.A	N.A	N.A
Receivables	N.A	N.A	N.A
Inventory	N.A	N.A	N.A
Current Assets	8.06B	8.90B	8.99B
Other Current Assets	N.A	N.A	N.A
Short Term Investments	531M	595M	586M
Long Term Investments	707M	171M	167M
Property/Plant Equipment	1.10B	1B	0.91B
Good Will	N.A	N.A	N.A
Intangible Assets	1.40B	1.43B	1.47B
Tangible Assets (Net)	-4.4B	1.93B	1.67B
Other Assets	1.14B	0.96B	885M
Total Assets	21.86B	22B	21.84B
Accounts Payable	4.71B	4.80B	4.24B
Other Current Liabilities	4.61B	4.90B	4.72B
Total Current Liabilities	9.33B	9.71B	8.97B
Total Liabilities	14.98B	15.33B	15.31B
Long Term Debt	4.70B	4.72B	4.72B
Current Long Term Debt	4M	4M	4M
Minority Interest	-7M	-4M	-2M
Common Stock	346.87M	345.13M	344.93M
Treasury Stock	244M	197M	194M
Retained Earnings	2.75B	2.52B	2.31B
Capital Surplus	4.35B	4.31B	4.26B
Shareholder Equity	6.85B	6.64B	6.38B
Other Liabilities	N.A	N.A	N.A

Centene Corporation cash flow (2023) (USD)

	April 2023	February 2023
Net Income	1.13B	-213M
Depreciation	346M	375M
Changes in Receivables	15.21B	13.27B
Changes in Inventories	0	0
Cash Change	15.85B	12.07B
Cash Flow	4.27B	-1.58B
Capital Expenditures	-225M	-233M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-253M	221M
Dividends Paid	N.A	N.A
Net Borrowings	14.37B	13.24B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	-183M	-1.73B
Exchange Rate Effect	N.A	N.A

Centene Corporation cash flow (2022) (USD)

	October 2022	July 2022
Net Income	738M	-172M
Depreciation	391M	397M
Changes in Receivables	13.77B	14.15B
Changes in Inventories	0	0
Cash Change	14.99B	13.44B
Cash Flow	3.33B	3.35B
Capital Expenditures	-247M	-282M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	3M	-744M
Dividends Paid	N.A	N.A
Net Borrowings	13.82B	13.94B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	-1.48B	-486M
Exchange Rate Effect	N.A	N.A

Centene Corporation cash flow (2021) (USD)

	October 2021
Net Income	584M
Depreciation	381M
Changes in Receivables	11.52B
Changes in Inventories	0
Cash Change	13.42B
Cash Flow	1.80B
Capital Expenditures	-225M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	-1.02B
Dividends Paid	N.A
Net Borrowings	15.72B
Other Financing Cash Flows	N.A
Cash Flow Financing	1.55B
Exchange Rate Effect	N.A

Centene Corporation cash flow (2020) (USD)

	October 2020	September 2020	June 2020	March 2020
Net Income	568M	568M	1.21B	46M
Depreciation	0.92B	298M	330M	288M
Changes in Receivables	1.33B	N.A	N.A	N.A
Changes in Inventories	0	N.A	N.A	N.A
Cash Change	-600M	-611M	3.50B	-2.67B
Cash Flow	2.52B	-0.95B	3.71B	-240M
Capital Expenditures	-663M	-251M	-235M	-177M
Investments	N.A	578M	417M	-498M
Investing Activity (other)	N.A	5M	N.A	-5M
Total Investing Cash Flows	-2.7B	332M	240M	-3.27B
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	13.42B	N.A	-472M	1.41B
Other Financing Cash Flows	N.A	13M	15M	-14M
Cash Flow Financing	383M	4M	-460M	839M
Exchange Rate Effect	N.A	5M	4M	-1M

Centene Corporation cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	209M	95M	495M	522M
Depreciation	168M	162M	158M	155M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	5.90B	-664M	541M	1B
Cash Flow	-651M	-99M	0.92B	1.32B
Capital Expenditures	-200M	-194M	-160M	-176M
Investments	82M	-266M	-364M	-197M
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-123M	-459M	-556M	-373M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	6.74B	-107M	173M	91M
Other Financing Cash Flows	-19M	3M	7M	2M
Cash Flow Financing	6.68B	-108M	178M	58M
Exchange Rate Effect	-6M	2M	N.A	N.A

Centene Corporation cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	241M	19M	300M	340M
Depreciation	141M	139M	111M	104M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-1.5B	-1.68B	2.85B	1.60B
Cash Flow	-634M	548M	-526M	1.85B
Capital Expenditures	-186M	-127M	-144M	-218M
Investments	-750M	-462M	-397M	-320M
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-1.03B	-2.31B	-552M	-764M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	206M	88M	1.15B	524M
Other Financing Cash Flows	11M	-1M	1M	-2M
Cash Flow Financing	163M	82M	3.93B	513M
Exchange Rate Effect	N.A	N.A	N.A	N.A

Centene Corporation cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	230M	205M	254M
Depreciation	97M	91M	87M
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	-209M	-144M	-414M
Cash Flow	450M	97M	-306M
Capital Expenditures	-121M	-120M	-98M
Investments	-453M	-114M	-59M
Investing Activity (other)	N.A	1M	N.A
Total Investing Cash Flows	-612M	-233M	-157M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	-2M	-2M	48M
Other Financing Cash Flows	3M	-4M	3M
Cash Flow Financing	-46M	-9M	49M
Exchange Rate Effect	-1M	N.A	N.A

Centene Corporation dividends (USD)

Ex date	Payment date	Record date	Declared date	Amount	Description	Frequency
07-02-2019	06-02-2019	24-12-2018	N.A	N.A	Ordinary Shares	Unspecified