Company profile

Brent Shafer
Incorporated in
Fiscal year end
Former names
Cerner Corp
IRS number

CERN stock data



25 Jul 19
22 Sep 19
28 Dec 19


Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 1.43B 1.39B 1.37B 1.34B
Net income 126.97M 166.22M 131.32M 169.38M
Diluted EPS 0.39 0.51 0.4 0.51
Net profit margin 8.87% 11.96% 9.62% 12.64%
Operating income 131.12M 197.94M 164.13M 207.16M
Net change in cash 199.76M 129.04M -124.49M -12.35M
Cash on hand 702.92M 503.16M 374.13M 498.61M
Cost of revenue 268.67M 253.2M 236.96M 230.33M

Financial data from Cerner earnings reports

Financial report summary

Management Discussion
  • Revenues increased 5% to $1.43 billion in the second quarter of 2019, as compared to $1.37 billion in the same period of 2018. This increase was primarily driven by a $38 million increase in professional services revenue due to growth in implementation activity, and growth in licensed software revenue of $25 million as a result of continued demand for our solutions. Refer to Note (2) of the notes to condensed consolidated financial statements for further information regarding revenues disaggregated by our business models.
  • Backlog, which reflects contracted revenue that has not yet been recognized as revenue, was $14.98 billion in the second quarter of 2019, compared to $14.79 billion in the same period of 2018. This increase was driven by solid levels of new business bookings during the past four quarters, including strong levels of managed services bookings that typically have longer contract terms. We expect to recognize approximately 29% of our backlog as revenue over the next 12 months.
  • We believe that backlog may not necessarily be a comprehensive indicator of future revenue as certain of our arrangements may be canceled (or conversely renewed) at our clients' option, thus contract consideration related to such cancellable periods has been excluded from our calculation of backlog. However, historically our experience has been that such cancellation provisions are rarely exercised. We expect to recognize approximately $551 million of revenue over the next 12 months under currently executed contracts related to such cancellable periods, which is not included in our calculation of backlog.
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