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CERNER (CERN)

Cerner's health technologies connect people and information systems at thousands of contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial system to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, focused on people.

Company profile

Ticker
CERN
Exchange
Website
CEO
Brent Shafer
Employees
Incorporated
Location
Fiscal year end
Former names
CERNER CORP /MO/
SEC CIK
Subsidiaries
Cerner Campus Redevelopment Corporation • Cerner Canada Limited LLC • Cerner Canada ULC • Cerner Capital, Inc. • Cerner Chile Limitada • Cerner Chouteau Data Center, Inc. • Cerner Corporation PTY Limited • Cerner Deutschland GmbH • Cerner Enterprise, LLC • Cerner Enviza France SAS ...
IRS number
431196944

CERN stock data

Calendar

3 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 709.53M 709.53M 709.53M 709.53M 709.53M 709.53M
Cash burn (monthly) (no burn) 24.03M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 106.09M n/a n/a n/a n/a
Cash remaining n/a 603.44M n/a n/a n/a n/a
Runway (months of cash) n/a 25.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 22 Nasim Afsarmanesh RSU Common Stock Sale back to company Dispose D No No 0 8,024 0 0
8 Jun 22 Nasim Afsarmanesh RSU Common Stock Sale back to company Dispose D No No 0 6,444 0 0
8 Jun 22 Battaglioli Michael R. Common Stock Sale back to company Dispose D No No 95 3,412 324.14K 0
8 Jun 22 Battaglioli Michael R. RSU Common Stock Sale back to company Dispose D No No 0 1,846 0 0
8 Jun 22 Battaglioli Michael R. RSU Common Stock Sale back to company Dispose D No No 0 1,414 0 0
8 Jun 22 Battaglioli Michael R. RSU Common Stock Sale back to company Dispose D No No 0 1,992 0 0
8 Jun 22 Battaglioli Michael R. RSU Common Stock Sale back to company Dispose D No No 0 697 0 0
8 Jun 22 Battaglioli Michael R. NQSO Common Stock Sale back to company Dispose D No No 62.94 1,480 93.15K 0
8 Jun 22 Travis Dalton RSU Common Stock Sale back to company Dispose D No No 0 16,851 0 0
8 Jun 22 Travis Dalton RSU Common Stock Sale back to company Dispose D No No 0 21,954 0 0
82.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 724 866 -16.4%
Opened positions 84 189 -55.6%
Closed positions 226 75 +201.3%
Increased positions 207 238 -13.0%
Reduced positions 322 324 -0.6%
13F shares Current Prev Q Change
Total value 22.65B 22.53B +0.6%
Total shares 242.05M 242.31M -0.1%
Total puts 1.43M 3.42M -58.3%
Total calls 3.64M 4.41M -17.4%
Total put/call ratio 0.4 0.8 -49.6%
Largest owners Shares Value Change
Vanguard 32.13M $3.01B +1.7%
BLK Blackrock 23.84M $2.23B -2.4%
STT State Street 13.6M $1.28B -4.8%
GS Goldman Sachs 9.22M $862.57M +395.7%
BAC Bank Of America 7.01M $655.42M +220.6%
JPM JPMorgan Chase & Co. 6.5M $608.13M +501.1%
Geode Capital Management 6.43M $600.21M +5.3%
Millennium Management 5.53M $517.05M +123.1%
BCS Barclays 4.62M $432.27M +244.8%
Two Sigma Advisers 4.35M $407.06M +15.8%
Largest transactions Shares Bought/sold Change
American Century Companies 970.91K -8.18M -89.4%
GS Goldman Sachs 9.22M +7.36M +395.7%
MCQEF Macquarie 1.25M -6.51M -83.9%
JPM JPMorgan Chase & Co. 6.5M +5.42M +501.1%
BAC Bank Of America 7.01M +4.82M +220.6%
Parnassus Investments 673.87K -3.4M -83.5%
BCS Barclays 4.62M +3.28M +244.8%
Millennium Management 5.53M +3.05M +123.1%
Norges Bank 0 -2.74M EXIT
Renaissance Technologies 2.37M +2.3M +3291.4%

Financial report summary

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Management Discussion
  • Revenues increased 3% to $1.43 billion in the first quarter of 2022, as compared to $1.39 billion in the same period of 2021. The first quarter of 2022 includes a $47 million increase in revenues due to contributions from our April 1, 2021 acquisition of the Kantar Health business. Refer to Note (2) of the Notes for further information regarding revenues disaggregated by our business models.
  • Backlog, which reflects contracted revenue that has not yet been recognized as revenue, was $13.21 billion at March 31, 2022, compared to $13.26 billion at December 31, 2021. We expect to recognize 31% 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

Content analysis

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