Centene Corporation (CNC)

Centene Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	155,517	153,999	144,547	125,982	111,115	74,639
Revenue Growth (YoY)	6.34%	6.54%	14.74%	13.38%	48.87%	24.16%
Cost of Revenue	138,131	136,684	127,891	111,783	95,899	65,796
Gross Profit	17,386	17,315	16,656	14,199	15,216	8,843
Selling, General & Admin	12,770	12,563	11,589	9,601	9,380	6,533
Other Operating Expenses	1,798	1,822	3,749	2,814	2,754	529
Operating Expenses	14,568	14,385	15,338	12,415	12,134	7,062
Operating Income	2,818	2,930	1,318	1,784	3,082	1,781
Interest Expense / Income	723	725	665	665	728	412
Other Expense / Income	-1,593	-1,396	-1,309	-705	-433	-425
Pretax Income	3,688	3,601	1,962	1,824	2,787	1,794
Income Tax	953	899	760	477	979	473
Net Income	2,735	2,702	1,202	1,347	1,808	1,321
Net Income Growth	84.42%	124.79%	-10.76%	-25.50%	36.87%	46.78%
Shares Outstanding (Basic)	535	543	575	583	571	413
Shares Outstanding (Diluted)	538	546	582	591	579	420
Shares Change	-2.85%	-6.24%	-1.44%	1.97%	37.76%	5.50%
EPS (Basic)	5.08	4.97	2.09	2.31	3.17	3.19
EPS (Diluted)	5.05	4.95	2.07	2.28	3.12	3.14
EPS Growth	88.43%	139.13%	-9.21%	-26.92%	-0.64%	38.94%
Free Cash Flow	2,603	7,254	5,257	3,295	4,634	753
Free Cash Flow Per Share	4.86	13.35	9.14	5.65	8.12	1.82
Gross Margin	11.18%	11.24%	11.52%	11.27%	13.69%	11.85%
Operating Margin	1.81%	1.90%	0.91%	1.42%	2.77%	2.39%
Profit Margin	1.76%	1.75%	0.83%	1.07%	1.63%	1.77%
Free Cash Flow Margin	1.67%	4.71%	3.64%	2.62%	4.17%	1.01%
Effective Tax Rate	25.84%	24.97%	38.74%	26.15%	35.13%	26.37%
EBITDA	5,666	5,619	4,057	3,824	4,774	2,849
EBITDA Margin	3.64%	3.65%	2.81%	3.04%	4.30%	3.82%
Depreciation & Amortization	1,255	1,293	1,430	1,335	1,259	643
EBIT	4,411	4,326	2,627	2,489	3,515	2,206
EBIT Margin	2.84%	2.81%	1.82%	1.98%	3.16%	2.96%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).