CERN · Cerner Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Revenue	$5.76B	$5.51B	$5.14B	$5.37B	$5.14B	$4.80B
Cost of Revenue	$1.00B	$932.94M	$854.09M	$937.35M	$854.09M	$779.12M
Gross Profit	$4.76B	$4.57B	$4.29B	$4.43B	$4.29B	$4.02B
R&D	-	-	-	-	-	-
SG&A	$520.67M	$491.59M	$520.60M	$389.47M	$355.27M	$392.45M
Total Operating Expenses	$4.06B	$3.88B	$4.02B	$3.65B	$3.33B	$3.11B
D&A	$718.85M	$697.42M	$687.97M	$642.59M	$580.72M	$504.24M
Operating Income	$708.28M	$914.57M	$600.67M	$774.78M	$960.47M	$911.01M
Interest Expense	$43.47M	$29.08M	$14.47M	$7.99M	$8.01M	$4.48M
Income Tax	$143.86M	$211.38M	$125.06M	$170.79M	$100.15M	$281.95M
Net Income	$555.60M	$780.09M	$529.45M	$630.06M	$866.98M	$636.48M
EPS - Basic	$1.86	$2.54	$1.66	$1.91	$2.62	$1.88
EPS - Diluted	$1.84	$2.52	$1.65	$1.89	$2.57	$1.85

Balance Sheet

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Cash & Equivalents	$589.85M	$615.62M	$441.84M	$374.13M	$370.92M	$170.86M
Accounts Receivable	$1.16B	$1.17B	$1.14B	$1.17B	$1.03B	$915.82M
Inventory	$28.16M	$23.03M	$23.18M	$25.03M	$15.75M	$14.74M
Accounts Payable	$329.58M	$235.75M	$273.44M	$293.53M	$219.00M	$238.13M
Current Assets	$2.45B	$2.65B	$2.10B	$2.32B	$2.38B	$1.62B
Total Assets	$7.43B	$7.52B	$6.89B	$6.71B	$6.47B	$5.63B
Current Liabilities	$1.63B	$1.17B	$1.03B	$962.69M	$789.60M	$845.40M
Long-term Debt	$1.61B	$1.34B	$1.04B	$425.00M	$500.00M	$500.00M
Total Liabilities	$3.75B	$3.04B	$2.58B	$1.78B	$1.68B	$1.70B
Stockholders' Equity	$3.68B	$4.48B	$4.32B	$4.93B	$4.79B	$3.93B
Retained Earnings	$6.75B	$6.48B	$5.93B	$5.58B	$4.94B	$4.09B

Cash Flow

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Operating Cash Flow	$1.77B	$1.44B	$1.31B	$1.45B	$1.31B	$1.16B
Investing Cash Flow	($729.83M)	($801.24M)	($640.41M)	($828.94M)	($1.01B)	($789.77M)
Financing Cash Flow	($1.05B)	($461.50M)	($601.38M)	($609.79M)	($110.98M)	($586.65M)
CapEx	$289.69M	$283.98M	$471.52M	$446.93M	$362.08M	$459.43M
Free Cash Flow	$1.48B	$1.15B	$841.58M	$1.01B	$945.59M	$696.18M

Ratios

Metric	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Profitability
Gross margin	82.6%	83.1%	83.4%	82.5%	83.4%	83.8%
Operating margin	12.3%	16.6%	11.7%	14.4%	18.7%	19.0%
EBITDA margin	24.8%	29.3%	25.1%	26.4%	30.0%	29.5%
Net margin	9.6%	14.2%	10.3%	11.7%	16.9%	13.3%
Free cash flow margin	25.7%	20.9%	16.4%	18.8%	18.4%	14.5%
FCF / Net income	2.67	1.48	1.59	1.60	1.09	1.09
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	9.0%	8.9%	10.1%	7.3%	6.9%	8.2%
Effective tax rate	20.6%	21.3%	19.1%	21.3%	10.4%	30.7%
Return on assets	7.5%	10.4%	7.7%	9.4%	13.4%	11.3%
Return on equity	15.1%	17.4%	12.3%	12.8%	18.1%	16.2%
Return on invested capital	10.6%	12.4%	9.1%	11.4%	16.3%	14.3%
Liquidity
Current ratio	1.51	2.27	2.04	2.41	3.01	1.92
Quick ratio	1.49	2.25	2.02	2.38	2.99	1.90
Cash ratio	0.36	0.53	0.43	0.39	0.47	0.20
Leverage
Debt / Equity	0.44	0.30	0.24	0.09	0.10	0.13
Debt / Assets	0.22	0.18	0.15	0.06	0.08	0.09
Debt / EBITDA	1.13	0.83	0.81	0.30	0.32	0.35
Interest coverage	16.3x	31.5x	41.5x	97.0x	119.9x	203.4x
Equity multiplier	2.02	1.68	1.60	1.36	1.35	1.43
Liabilities / Assets	0.50	0.40	0.37	0.27	0.26	0.30
Efficiency
Asset turnover	0.78	0.73	0.75	0.80	0.79	0.85
Inventory turnover	35.55	40.52	36.84	37.45	54.23	52.86
Days sales outstanding	74d	77d	81d	80d	73d	70d
Days inventory outstanding	10d	9d	10d	10d	7d	7d
Days payable outstanding	120d	92d	117d	114d	94d	112d
Cash conversion cycle	-36d	-6d	-26d	-25d	-14d	-35d
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	4.7%	7.1%	-4.2%	4.4%	7.2%	8.4%
Revenue CAGR (3y)	2.4%	2.3%	2.3%	6.6%	14.8%	18.1%
Revenue CAGR (5y)	3.7%	4.5%	8.6%	13.0%	14.0%	16.8%
Gross profit growth (YoY)	4.2%	6.6%	-3.2%	3.3%	6.7%	9.3%
Operating income growth (YoY)	-22.6%	52.3%	-22.5%	-19.3%	5.4%	16.6%
Net income growth (YoY)	-28.8%	47.3%	-16.0%	-27.3%	36.2%	18.0%
EPS growth (YoY)	-27.0%	52.7%	-12.7%	-26.5%	38.9%	20.1%
EPS CAGR (3y)	-0.9%	-0.7%	-3.7%	7.1%	19.7%	17.9%
EPS CAGR (5y)	-0.1%	10.4%	1.9%	10.8%	2.6%	1.0%
FCF growth (YoY)	28.6%	37.0%	-16.4%	6.5%	35.8%	18.9%
FCF CAGR (5y)	16.3%	14.5%	8.1%	24.0%	12.5%	9.5%
Book value growth (YoY)	-17.9%	3.8%	-12.4%	3.0%	21.8%	1.5%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-12-31.

Business segments

$5.76B total

Domestic Segment$5.04B · 87.5%

International Segment$720.20M · 12.5%

Product / service

$5.04B total

Revenue Professional Services Net$1.82B · 36.0%

Revenue Managed Services Net$1.14B · 22.7%

Revenue Supportand Maintenance Services Net$849.43M · 16.8%

Revenue Licensed Software Net$671.93M · 13.3%

Revenue Subscriptions Net$365.94M · 7.3%

Revenue Technology Resale Net$163.28M · 3.2%

Revenue Reimbursement Revenue$33.66M · 0.7%

Geographic

$5.76B total

Domestic Segment$5.04B · 87.5%

International Segment$720.20M · 12.5%

Stability scores

Altman Z′

FY 2021 · bankruptcy risk

2.33

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2021 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✗Current ratio improved
✓No share dilution
✗Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Services-Computer Integrated Systems Design

Company	Revenue (last FY)	Net margin	ROE
IOT	$1.62B	-0.6%	-0.6%
LDOS	$17.17B	8.4%	29.5%
SMRT	$152.33M	-39.8%	-26.1%
CACI	$8.63B	5.8%	12.8%
STEM	$156.27M	88.2%	-55.2%

Comparing CERNER Corp against the 5 most active filers in the same SIC group.