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.
Income Statement
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | - | $1.47B | $1.46B | $1.39B | - | $1.37B | $1.33B | $1.41B | - |
| Cost of Revenue | $243.85M | - | $251.11M | $261.32M | $230.66M | - | $231.89M | $211.96M | $254.42M | - |
| Gross Profit | $1.19B | - | $1.22B | $1.20B | $1.16B | - | $1.14B | $1.12B | $1.16B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $109.28M | - | $121.39M | $156.31M | $112.36M | - | $116.82M | $134.33M | $139.85M | - |
| Total Operating Expenses | $933.97M | - | $991.94M | $1.15B | $939.06M | - | $941.83M | $971.49M | $978.95M | - |
| D&A | $175.22M | - | - | - | $175.31M | - | - | - | $172.65M | - |
| Operating Income | $251.98M | - | $224.92M | $49.56M | $218.06M | - | $411.82M | $146.90M | $178.38M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $45.88M | - | $44.06M | $15.18M | $47.01M | - | $103.16M | $36.78M | $36.81M | - |
| Net Income | $206.13M | - | $175.79M | $32.71M | $172.25M | - | $356.68M | $134.75M | $147.16M | - |
| EPS - Basic | $0.70 | - | $0.59 | $0.11 | $0.57 | - | $1.17 | $0.44 | $0.48 | - |
| EPS - Diluted | $0.70 | - | $0.59 | $0.11 | $0.56 | - | $1.16 | $0.44 | $0.47 | - |
Balance Sheet
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $615.62M | $589.85M | $459.54M | $246.40M | $997.86M | $615.62M | $419.15M | $269.89M | $285.41M | $441.84M |
| Accounts Receivable | $1.18B | $1.16B | $1.22B | $1.24B | $1.18B | $1.17B | $1.22B | $1.18B | $1.15B | $1.14B |
| Inventory | $27.70M | $28.16M | $25.39M | $20.17M | $30.44M | $23.03M | $15.77M | $18.52M | $23.46M | $23.18M |
| Accounts Payable | $359.56M | $329.58M | $311.20M | $332.96M | $279.26M | $235.75M | $256.45M | $261.54M | $295.95M | $273.44M |
| Current Assets | $2.47B | $2.45B | $2.44B | $2.54B | $3.06B | $2.65B | $2.52B | $2.05B | $1.96B | $2.10B |
| Total Assets | $7.37B | $7.43B | $7.54B | $7.72B | $7.91B | $7.52B | $7.36B | $6.88B | $6.74B | $6.89B |
| Current Liabilities | $1.38B | $1.63B | $1.55B | $1.54B | $1.46B | $1.17B | $1.10B | $1.01B | $1.02B | $1.03B |
| Long-term Debt | $1.61B | $1.61B | $1.61B | $1.61B | $1.61B | $1.34B | $1.34B | $1.34B | $1.34B | $1.04B |
| Total Liabilities | $3.47B | $3.75B | $3.70B | $3.69B | $3.60B | $3.04B | $2.95B | $2.86B | $2.87B | $2.58B |
| Stockholders' Equity | $3.91B | $3.68B | $3.84B | $4.03B | $4.31B | $4.48B | $4.41B | $4.02B | $3.86B | $4.32B |
| Retained Earnings | $6.88B | $6.75B | $6.66B | $6.55B | $6.58B | $6.48B | $6.40B | $6.10B | $6.02B | $5.93B |
Cash Flow
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $375.06M | - | - | - | $450.43M | - | - | - | $283.51M | - |
| Investing Cash Flow | ($12.20M) | - | - | - | ($182.19M) | - | - | - | ($136.61M) | - |
| Financing Cash Flow | ($241.33M) | - | - | - | $117.11M | - | - | - | ($295.96M) | - |
| CapEx | $42.39M | - | - | - | $75.92M | - | - | - | $49.25M | - |
| Free Cash Flow | $332.67M | - | - | - | $374.51M | - | - | - | $234.26M | - |
Ratios
| Metric | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 82.9% | - | 82.9% | 82.1% | 83.4% | - | 83.1% | 84.1% | 82.0% | - |
| Operating margin | 17.6% | - | 15.3% | 3.4% | 15.7% | - | 30.1% | 11.0% | 12.6% | - |
| EBITDA margin | 29.9% | - | - | - | 28.3% | - | - | - | 24.9% | - |
| Net margin | 14.4% | - | 12.0% | 2.2% | 12.4% | - | 26.1% | 10.1% | 10.4% | - |
| Free cash flow margin | 23.3% | - | - | - | 27.0% | - | - | - | 16.6% | - |
| FCF / Net income | 1.61 | - | - | - | 2.17 | - | - | - | 1.59 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 7.6% | - | 8.3% | 10.7% | 8.1% | - | 8.5% | 10.1% | 9.9% | - |
| Effective tax rate | 18.2% | - | 20.0% | 31.7% | 21.4% | - | 22.4% | 21.4% | 20.0% | - |
| Return on assets | 2.8% | - | 2.3% | 0.4% | 2.2% | - | 4.8% | 2.0% | 2.2% | - |
| Return on equity | 5.3% | - | 4.6% | 0.8% | 4.0% | - | 8.1% | 3.4% | 3.8% | - |
| Return on invested capital | 3.7% | - | 3.3% | 0.6% | 2.9% | - | 5.6% | 2.2% | 2.7% | - |
| Liquidity | ||||||||||
| Current ratio | 1.79 | 1.51 | 1.57 | 1.65 | 2.09 | 2.27 | 2.29 | 2.04 | 1.93 | 2.04 |
| Quick ratio | 1.77 | 1.49 | 1.56 | 1.63 | 2.07 | 2.25 | 2.28 | 2.02 | 1.90 | 2.02 |
| Cash ratio | 0.45 | 0.36 | 0.30 | 0.16 | 0.68 | 0.53 | 0.38 | 0.27 | 0.28 | 0.43 |
| Leverage | ||||||||||
| Debt / Equity | 0.41 | 0.44 | 0.42 | 0.40 | 0.37 | 0.30 | 0.30 | 0.33 | 0.35 | 0.24 |
| Debt / Assets | 0.22 | 0.22 | 0.21 | 0.21 | 0.20 | 0.18 | 0.18 | 0.19 | 0.20 | 0.15 |
| Debt / EBITDA | 3.77 | - | - | - | 4.10 | - | - | - | 3.81 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.89 | 2.02 | 1.96 | 1.92 | 1.83 | 1.68 | 1.67 | 1.71 | 1.74 | 1.60 |
| Liabilities / Assets | 0.47 | 0.50 | 0.49 | 0.48 | 0.45 | 0.40 | 0.40 | 0.42 | 0.43 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | - | 0.19 | 0.19 | 0.18 | - | 0.19 | 0.19 | 0.21 | - |
| Inventory turnover | 8.80 | - | 9.89 | 12.96 | 7.58 | - | 14.71 | 11.44 | 10.85 | - |
| Days sales outstanding | 301d | - | 303d | 310d | 309d | - | 325d | 325d | 298d | - |
| Days inventory outstanding | 41d | - | 37d | 28d | 48d | - | 25d | 32d | 34d | - |
| Days payable outstanding | 538d | - | 452d | 465d | 442d | - | 404d | 450d | 425d | - |
| Cash conversion cycle | -196d | - | -112d | -127d | -85d | - | -54d | -94d | -93d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.0% | - | 7.3% | 9.5% | -1.7% | - | 2.1% | -7.0% | 1.6% | - |
| Revenue CAGR (3y) | 0.9% | - | 3.1% | 2.1% | 2.4% | - | 2.4% | 1.0% | 3.8% | - |
| Revenue CAGR (5y) | 2.6% | - | 4.4% | 3.7% | 4.0% | - | 3.9% | 3.4% | 7.2% | - |
| Gross profit growth (YoY) | 2.5% | - | 7.0% | 6.9% | -0.0% | - | 2.4% | -6.2% | 1.8% | - |
| Operating income growth (YoY) | 15.6% | - | -45.4% | -66.3% | 22.2% | - | 363.9% | 12.0% | -9.9% | - |
| Net income growth (YoY) | 19.7% | - | -50.7% | -75.7% | 17.1% | - | 335.3% | 6.1% | -11.5% | - |
| EPS growth (YoY) | 25.0% | - | -49.1% | -75.0% | 19.1% | - | 346.2% | 12.8% | -7.8% | - |
| EPS CAGR (3y) | 11.1% | - | 5.0% | -40.0% | 5.3% | - | 30.7% | -6.0% | -3.3% | - |
| EPS CAGR (5y) | 6.1% | - | 3.8% | -25.5% | 5.4% | - | 22.5% | 5.9% | 8.0% | - |
| FCF growth (YoY) | -11.2% | - | - | - | 59.9% | - | - | - | 18.3% | - |
| FCF CAGR (5y) | 9.1% | - | - | - | 10.5% | - | - | - | 12.2% | - |
| Book value growth (YoY) | -9.4% | -17.9% | -12.9% | 0.2% | 11.6% | 3.8% | -0.1% | -14.8% | -24.7% | -12.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$5.76B totalDomestic Segment$5.04B · 87.5%
International Segment$720.20M · 12.5%
Product / service
$5.04B totalRevenue 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 totalDomestic Segment$5.04B · 87.5%
International Segment$720.20M · 12.5%
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing CERNER Corp against the 5 most active filers in the same SIC group.