CNC FY 2016 Earnings Report — Centene Corporation Revenue & Financial Results | Market Cap Arena

Centene CorporationCNC

FY 2016 Earnings

Reported February 21, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$40.6B	—	—	—	—
Op. Income	$1.3B	—	—	—	—
Gross Margin	13.7%	—	—	—	—
Net Margin	1.4%	—	—	—	—
EPS (Diluted)	$1.72	—	—	—	—
Free Cash Flow	$1.5B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$40.6B
Cost of Revenue	$35.1B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4.1B
SG&A Expenses	$4.1B
Other Expenses	$147M
Operating Expenses	$4.3B
Cost & Expenses	$39.3B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$217M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$599M
Net Income from Continuing Ops	$561M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$562M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$562M
D&A	$278M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$40.6B
Cost of Revenue	$35.1B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4.1B
SG&A Expenses	$4.1B
Other Expenses	$147M
Operating Expenses	$4.3B
Cost & Expenses	$39.3B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$217M
Other Income/Expenses	-$103M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$599M
Net Income from Continuing Ops	$561M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$562M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$562M
D&A	$278M
EBIT	$1.4B
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$561M
Depreciation & Amortization	$278M
Stock-Based Compensation	$148M
Deferred Income Tax	$92M
Other Non-Cash Items	-$12M
Change in Working Capital	$784M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$306M
Acquisitions (Net)	-$1.3B
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	$2.8B
Common Stock Repurchased	-$63M
Common Dividends Paid	$0
Other Financing Activities	-$14M
NET CASH FROM FINANCING	$2.7B
FREE CASH FLOW	$1.5B
Net Change in Cash	$2.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.9B
Short-Term Investments	$505M
Net Receivables	$3.2B
Inventory	$0
Other Current Assets	$715M
TOTAL CURRENT ASSETS	$8.4B
PP&E (Net)	$797M
Goodwill	$4.7B
Intangible Assets	$1.5B
Long-Term Investments	$4.5B
Tax Assets	$0
Other Non-Current Assets	$233M
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$20.2B
Account Payables	$3.8B
Short-Term Debt	$4M
Deferred Revenue	$313M
Other Current Liabilities	$3.9B
TOTAL CURRENT LIABILITIES	$8.6B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$869M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$14.1B
Common Stock	$0
Additional Paid-In Capital	$4.2B
Retained Earnings	$1.9B
Treasury Stock	-$179M
Accum. Other Comp. Income	-$36M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.9B
Minority Interest	$159M
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$20.2B
Total Debt	$4.7B
Net Debt	$725M