← CENTENE CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings (loss) $561.0m $808.0m $894.0m $1.3b $1.8b $1.3b $1.2b $2.7b $3.3b ($6.7b)
Net Income (Loss) Attributable to Parent $562.0m $828.0m $900.0m $1.3b $1.8b $1.3b $1.2b $2.7b $3.3b ($6.7b)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $559.0m $828.0m — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $558.0m $808.0m — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $3.0m $0 — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest ($1.0m) ($20.0m) ($6.0m) ($12.0m) ($14.0m) ($11.0m) $0 ($3.0m) ($11.0m) ($3.0m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $561.0m $808.0m $894.0m $1.3b $1.8b $1.3b $1.2b $2.7b $3.3b ($6.7b)
Amortization of Intangible Assets $147.0m $156.0m $211.0m $258.0m $719.0m $770.0m $817.0m $718.0m $692.0m $685.0m
Depreciation $101.0m $161.0m $237.0m $342.0m $487.0m $565.0m $614.0m $575.0m $549.0m $590.0m
Depreciation and amortization $278.0m $361.0m $495.0m $643.0m $1.3b $1.5b $1.6b $1.3b $1.2b $1.3b
Deferred Income Tax Expense (Benefit) $92.0m ($108.0m) ($129.0m) $55.0m ($51.0m) ($132.0m) ($631.0m) ($78.0m) $13.0m ($60.0m)
Deferred Other Tax Expense (Benefit) $92.0m ($109.0m) ($131.0m) $51.0m ($136.0m) ($151.0m) ($649.0m) ($67.0m) $23.0m ($59.0m)
Deferred income taxes $92.0m ($108.0m) ($129.0m) $55.0m ($51.0m) ($132.0m) ($631.0m) ($78.0m) $13.0m ($60.0m)
Equity Method Investment, Other than Temporary Impairment — — — — — — — — $50.0m $50.0m
Goodwill and Intangible Asset Impairment $0 $0 — $271.0m — — — — — —
Goodwill, Impairment Loss — — — $259.0m $9.0m — $370.0m $392.0m — —
Impairment — — $0 $271.0m $72.0m $229.0m $2.3b $529.0m $13.0m $7.3b
Operating Lease, Impairment Loss — — — — — — $577.0m $40.0m — —
Share-based Payment Arrangement, Expense $148.0m $135.0m $145.0m $177.0m $281.0m $203.0m $234.0m $216.0m — —
Share-based Payment Arrangement, Noncash Expense $148.0m $135.0m $145.0m $177.0m $281.0m $203.0m $234.0m $216.0m $212.0m $204.0m
Stock compensation expense $148.0m $135.0m $145.0m $177.0m $281.0m $203.0m $234.0m $216.0m $212.0m $204.0m
(Gain) loss on divestitures, net — — $0 $0 ($104.0m) ($88.0m) ($772.0m) ($152.0m) ($120.0m) ($2.0m)
(Gain) on debt extinguishment — $0 $0 ($30.0m) $57.0m $125.0m ($25.0m) $0 $0 ($1.0m)
Gain (Loss) on Disposition of Business — — — — $104.0m $88.0m $772.0m $152.0m $120.0m $2.0m
Gain (Loss) on Disposition of Property Plant Equipment — — — — — — ($221.0m) $0 $0 —
Gain (Loss) on Extinguishment of Debt — $0 $0 ($30.0m) ($57.0m) ($125.0m) $25.0m $0 $0 $1.0m
Income (Loss) from Equity Method Investments $5.0m $3.0m — — — — — — — —
Income Tax Expense (Benefit) $599.0m $326.0m $474.0m $473.0m $979.0m $477.0m $760.0m $899.0m $963.0m ($51.0m)
Interest Expense Nonoperating — — — — — — — — $702.0m $678.0m
Operating Lease, Expense — — — $203.0m $341.0m $390.0m $429.0m $349.0m $108.0m $99.0m
Other Nonoperating Income (Expense) — — — — — — — — $1.1b $895.0m
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable and accrued expenses $402.0m $53.0m ($533.0m) ($421.0m) $585.0m $1.1b $421.0m $3.4b ($528.0m) ($657.0m)
Goodwill $4.7b $4.7b $7.0b $6.9b $18.7b $19.8b $18.8b $17.6b $17.6b $10.8b
Increase (Decrease) in Other Operating Assets ($167.0m) $146.0m $38.0m $234.0m $30.0m $99.0m ($128.0m) ($5.0m) ($46.0m) $230.0m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $30.6b $37.9b $46.1b $58.9b $86.3b $98.6b $111.5b $118.6b $125.9b $157.8b
Medical claims liabilities $145.0m $359.0m $1.3b $578.0m $1.1b $1.8b $2.4b $1.3b $368.0m $2.3b
Other assets $167.0m ($146.0m) ($38.0m) ($234.0m) ($30.0m) ($99.0m) $128.0m $5.0m $46.0m ($230.0m)
Other long-term liabilities ($61.0m) $68.0m $258.0m $185.0m $1.1b $1.1b $842.0m $856.0m ($70.0m) ($46.0m)
Other operating activities, net $14.0m ($9.0m) $42.0m ($25.0m) $25.0m $1.0m $2.0m ($4.0m) $56.0m $75.0m
Premium and trade receivables $74.0m ($50.0m) ($1.2b) ($1.1b) ($52.0m) ($2.5b) ($1.6b) ($2.4b) ($4.3b) $1.5b
Revenue from Contract with Customer, Including Assessed Tax — — — — — — — $154.0b $163.1b $194.8b
Unearned revenue $43.0m $19.0m ($52.0m) ($9.0m) ($528.0m) ($109.0m) $31.0m $238.0m ($54.0m) $80.0m
Net Cash Provided by (Used in) Operating Activities $1.9b $1.5b $1.2b $1.5b $5.5b $4.2b $6.3b $8.1b $154.0m $5.1b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $306.0m $422.0m $675.0m $730.0m $869.0m $910.0m $1.0b $799.0m $644.0m $767.0m
Payments to Acquire Businesses, Net of Cash Acquired — — — $36.0m $4.0b $534.0m $1.5b $0 $0 —
Payments to Acquire Investments $2.5b $2.7b $3.8b $2.6b $7.4b $7.4b $6.7b $6.6b $7.2b $4.5b
Purchases of investments ($2.5b) ($2.7b) ($3.8b) ($2.6b) ($7.4b) ($7.4b) ($6.7b) ($6.6b) ($7.2b) ($4.5b)
Sales and maturities of investments $1.7b $1.9b $2.0b $1.8b $4.9b $5.5b $3.8b $5.5b $5.8b $5.8b
Divestiture proceeds, net of divested cash — — $0 $0 $466.0m $68.0m $2.5b $707.0m $990.0m $0
Payments for (Proceeds from) Other Investing Activities $0 ($12.0m) $0 $0 $22.0m ($19.0m) $0 $0 — —
Net Cash Provided by (Used in) Investing Activities ($2.4b) ($1.3b) ($4.6b) ($1.5b) ($7.0b) ($3.3b) ($2.9b) ($1.2b) ($1.1b) $472.0m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $8.9b $1.4b $6.1b $24.7b $5.1b $9.3b $360.0m $2.3b $1.3b $750.0m
Proceeds from long-term debt $8.9b $1.4b $6.1b $24.7b $5.1b $9.3b $360.0m $2.3b $1.3b $750.0m
Payments and repurchases of long-term debt ($6.1b) ($1.4b) ($4.1b) ($17.8b) ($4.1b) ($7.4b) ($1.5b) ($2.3b) ($622.0m) ($1.9b)
Repayments of Long-term Debt $6.1b $1.4b $4.1b $17.8b $4.1b $7.4b $1.5b $2.3b $622.0m $1.9b
Proceeds from Issuance of Common Stock $0 $0 $2.8b $0 $0 $35.0m $70.0m $44.0m $46.0m $37.0m
Proceeds from common stock issuances $0 $0 $2.8b $0 $0 $35.0m $70.0m $44.0m $46.0m $37.0m
Common stock repurchases ($63.0m) ($65.0m) ($71.0m) ($75.0m) ($626.0m) ($297.0m) ($3.1b) ($1.6b) ($3.1b) ($475.0m)
Payments for Repurchase of Common Stock $63.0m $65.0m $71.0m $75.0m $626.0m $297.0m $3.1b $1.6b $3.1b $475.0m
Proceeds from Noncontrolling Interests — — — $21.0m — — — — — —
Purchase of noncontrolling interest ($14.0m) ($66.0m) ($74.0m) $0 — $0 $0 ($88.0m) $0 ($19.0m)
Other financing activities, net ($14.0m) $5.0m $9.0m $16.0m $47.0m $55.0m ($27.0m) $0 ($6.0m) ($19.0m)
Proceeds from (Payments for) Other Financing Activities ($14.0m) $5.0m $9.0m $16.0m $47.0m $55.0m ($27.0m) $0 ($6.0m) ($19.0m)
Net Cash Provided by (Used in) Financing Activities $2.7b ($82.0m) $4.6b $6.8b $260.0m $1.4b ($4.2b) ($1.7b) ($2.4b) ($1.6b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($1.0m) $0 $0 ($2.0m) $18.0m ($11.0m) ($11.0m) ($32.0m) $8.0m $0
Effect of exchange rate changes on cash, cash equivalents and restricted cash ($1.0m) $0 $0 ($2.0m) $18.0m ($11.0m) ($11.0m) ($32.0m) $8.0m $0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($1.0m) $0 $1.3b ($2.0m) ($1.2b) $2.3b ($868.0m) $5.2b ($3.3b) $3.9b
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents $2.1b $153.0m $1.3b $6.8b ($1.2b) $2.3b ($868.0m) $5.2b ($3.3b) $3.9b
Cash and cash equivalents — — $5.3b $12.1b $10.8b $13.1b $12.1b $17.2b $14.1b $17.9b
Cash and cash equivalents reclassified (to) from held for sale — — — — $0 $0 ($16.0m) ($50.0m) $0 ($138.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($1.0m) $0 $5.3b $12.1b $11.0b $13.2b $12.3b $17.5b $14.2b $18.0b
Cash, cash equivalents and restricted cash and cash equivalents, beginning of period $3.9b $4.1b $5.3b $12.1b $11.0b $13.2b $12.3b $17.5b $14.2b $18.0b
Restricted cash and cash equivalents, included in restricted deposits — — $8.0m $8.0m $157.0m $96.0m $256.0m $259.0m $93.0m $69.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $165.0m $237.0m $323.0m $374.0m $725.0m $658.0m $657.0m $688.0m $688.0m $647.0m
Income Taxes Paid, Net $556.0m $496.0m $448.0m $612.0m $1.2b $678.0m $1.2b $883.0m $1.0b $448.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.