Centene Corporation (CNC)
NYSE: CNC · Real-Time Price · USD
71.27
+1.00 (1.42%)
At close: Nov 13, 2026, 4:00 PM EST
73.03
+1.76 (2.46%)
After-hours: Nov 13, 2026, 7:55 PM EST
Centene Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 1,460 | -6,674 | 3,305 | 2,702 | 1,202 | 1,347 |
Depreciation & Amortization | 1,228 | 1,275 | 1,241 | 1,293 | 1,430 | 1,335 |
Gain (Loss) on Sale of Assets | 516 | 511 | -120 | 280 | -93 | -76 |
Gain (Loss) on Sale of Investments | - | - | - | - | - | 229 |
Stock-Based Compensation | 236 | 204 | 212 | 216 | 234 | 203 |
Change in Accounts Receivable | 2,556 | 1,480 | -4,333 | -2,380 | -1,627 | -2,453 |
Change in Accounts Payable | -2,160 | -657 | -528 | 3,398 | 421 | 1,141 |
Change in Unearned Revenue | 29 | 80 | -54 | 238 | 31 | -109 |
Change in Insurance Reserves / Liabilities | 184 | 2,336 | 368 | 1,261 | 2,397 | 1,802 |
Change in Other Net Operating Assets | 715 | -201 | 48 | 1,029 | 1,095 | 1,136 |
Other Operating Activities | -40 | -64 | 2 | -81 | -689 | -350 |
Operating Cash Flow | 4,724 | 5,088 | 154 | 8,053 | 6,261 | 4,205 |
Operating Cash Flow Growth | 16.24% | 3203.90% | -98.09% | 28.62% | 48.89% | -23.59% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -781 | -767 | -644 | -799 | -1,004 | -910 |
Cash Acquisitions | - | - | - | - | -1,460 | -534 |
Investment in Securities | 2,090 | 1,239 | -1,398 | -1,099 | -2,934 | -1,942 |
Other Investing Activities | - | - | - | - | - | 19 |
Investing Cash Flow | 1,312 | 472 | -1,052 | -1,191 | -2,921 | -3,299 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 750 | 1,300 | 2,335 | 360 | 9,267 |
Total Debt Repaid | -2,059 | -1,895 | -622 | -2,316 | -1,490 | -7,434 |
Net Debt Issued (Repaid) | -2,059 | -1,145 | 678 | 19 | -1,130 | 1,833 |
Issuance of Common Stock | 34 | 37 | 46 | 44 | 70 | 35 |
Repurchases of Common Stock | -59 | -475 | -3,124 | -1,633 | -3,096 | -297 |
Other Financing Activities | -9 | -38 | -6 | -88 | -41 | -209 |
Financing Cash Flow | -2,093 | -1,621 | -2,406 | -1,658 | -4,197 | 1,362 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | - | - | 8 | -32 | -11 | -11 |
Miscellaneous Cash Flow Adjustments | -241 | -138 | - | -50 | -16 | - |
Net Cash Flow | 3,702 | 3,801 | -3,296 | 5,122 | -884 | 2,257 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 3,943 | 4,321 | -490 | 7,254 | 5,257 | 3,295 |
Free Cash Flow Growth | 17.49% | - | - | 37.99% | 59.55% | -28.89% |
Free Cash Flow Margin | 2.19% | 2.45% | -0.33% | 5.13% | 3.86% | 2.78% |
Free Cash Flow Per Share | 7.95 | 8.76 | -0.94 | 13.29 | 9.03 | 5.58 |
Levered Free Cash Flow | 3,083 | 5,053 | 638.13 | 6,046 | 3,214 | 3,985 |
Unlevered Free Cash Flow | 3,479 | 5,477 | 1,077 | 6,499 | 3,630 | 4,401 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 627 | 647 | 688 | 688 | 657 | 658 |
Cash Income Tax Paid | - | 448 | 1,002 | 887 | 1,198 | 678 |
Change in Working Capital | 1,324 | 3,038 | -4,499 | 3,546 | 2,317 | 1,517 |