CENTENE CORPORATION CNC Cash Flow

Centene corporation (CNC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
836	1,309	1,348	1,268	1,075	894	876	1,061	1,014	808	844	791	708	561	413	359	278	357	351	335	296	264	214	185	175	166	115	67	-10	-11	13	41	108	108	105	100	96	98	0	0	0
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization
776	643	616	593	546	495	451	403	379	361	353	340	329	278	218	169	119	111	106	100	96	89	81	76	71	67	66	65	65	66	65	63	60	58	56	55	53	52	0	0	0
Stock compensation expense
256	177	146	150	150	145	141	140	136	135	135	127	129	148	135	121	106	71	61	58	53	48	44	43	39	37	33	29	27	25	23	21	20	18	16	15	14	13	0	0	0
Impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-35	-44	-37	-10	-10	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	0	0	0
Gain on sale of UHP
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	0	0	0
Deferred income taxes
144	55	-101	-143	-136	-129	-179	-46	-27	-108	77	47	58	92	-20	-17	-28	-17	9	-44	-40	-42	-68	-23	-10	-2	6	-12	-18	-14	-17	14	8	2	3	1	8	10	0	0	0
Gain on divestiture
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities
Premium and trade receivables
2,596	1,076	796	386	1,659	1,173	-3	-93	285	50	-231	-499	-307	-74	906	1,140	200	360	580	643	678	463	327	232	205	143	36	-44	52	117	137	227	136	11	-31	-18	23	23	0	0	0
Other assets
157	234	117	87	69	38	42	209	184	146	-121	-268	-302	-167	0	0	0	-	-	64	13	7	85	15	26	80	32	38	76	37	28	41	20	11	6	8	6	3	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13	-8	15	1	64	36	-2	-3	-3	-2	-0	0	2	1	-0	2	0	0	0
Medical claims liabilities
282	578	1,036	1,166	1,388	1,325	1,333	833	486	359	536	200	307	145	157	358	505	536	527	691	640	609	544	344	250	172	89	220	376	360	483	376	237	149	39	23	16	-30	0	0	0
Unearned revenue
-75	-9	88	-392	-391	-52	-386	-20	16	19	-3	334	427	43	378	25	-40	-27	-29	45	43	129	49	-2	34	3	-89	-6	20	25	78	-76	-110	-109	-0	99	109	25	0	0	0
Accounts payable and accrued expenses
-74	-421	-1,120	-284	-333	-533	-117	-555	447	53	508	153	130	402	-71	-135	16	39	288	512	473	506	530	313	265	152	86	53	16	-22	-9	-3	-48	38	29	6	23	37	0	0	0
Other long-term liabilities
199	185	127	262	128	258	222	152	86	68	-172	257	206	-61	106	370	175	51	173	223	153	89	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating activities, net
-23	-25	2	0	16	42	16	15	19	-10	8	7	6	9	39	36	20	5	-36	-26	-11	1	2	-0	-0	3	6	1	-3	-9	-4	1	8	9	4	1	-1	-0	0	0	0
Net cash (used in) provided by operating activities
-73	1,483	1,500	2,147	704	1,234	2,318	1,867	2,087	1,489	2,631	3,016	2,903	1,851	460	40	809	658	827	1,206	1,016	1,223	1,023	713	591	382	183	369	354	279	479	198	135	261	284	320	301	168	0	0	0
Cash flows from investing activities:
Capital expenditures
731	730	716	649	633	675	610	603	557	422	396	393	344	306	260	186	168	150	135	119	112	103	90	79	75	68	57	54	77	82	87	96	71	73	125	122	122	118	0	0	0
Capital expenditures of Centene Center LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchases of investments
3,395	2,575	3,229	3,751	3,661	3,846	3,654	2,714	2,839	2,656	2,597	2,793	2,802	2,432	1,772	1,764	1,226	1,321	1,354	1,053	1,155	1,015	861	727	598	790	860	826	798	696	619	622	533	318	433	412	508	615	0	0	0
Sales and maturities of investments
2,328	1,809	1,663	1,989	1,929	1,991	2,129	1,568	1,964	1,862	1,919	1,988	1,706	1,566	1,206	986	761	669	504	461	405	406	447	441	478	579	607	695	653	590	521	400	371	267	298	399	498	570	0	0	0
Proceeds from asset sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	13	0	0	0
Acquisitions, net of cash acquired
3,084	36	128	1,850	1,829	2,055	2,008	287	276	50	449	435	515	1,297	850	869	791	18	58	53	68	136	94	90	140	63	0	0	0	-	-	-	-	-	-	-	-	60	0	0	0
Divestiture proceeds, net of divested cash
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
0	-	-	-	0	-	-	-	-	-	-	0	0	-	-	0	0	-7	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-4,431	-1,532	-2,410	-4,261	-4,194	-4,585	-4,131	-2,023	-1,695	-1,254	-1,523	-1,634	-1,956	-2,469	-1,676	-1,833	-1,424	-813	-1,036	-757	-923	-848	-598	-456	-335	-342	-373	-252	-223	-188	-186	-318	-237	-129	-255	-145	-181	-210	0	0	0
Cash flows from financing activities:
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	9	9	9	11	9	8	16	13	13	18	15	14	13	9	3	0	0	0
Proceeds from long-term debt
26,245	24,721	13,053	6,548	5,080	6,077	5,710	5,736	2,855	1,400	3,160	4,045	5,716	8,946	7,576	6,886	5,215	1,925	1,795	1,480	1,730	1,875	1,535	1,295	825	180	0	0	0	-	-	-	-	419	583	595	323	218	0	0	0
Proceeds from stock offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104	0	0	0
Payments of long-term debt
17,915	17,803	12,684	5,965	3,519	4,083	3,921	4,062	2,284	1,353	2,943	3,714	5,248	6,076	4,930	4,228	2,718	1,583	1,466	1,208	1,408	1,674	1,118	975	559	41	81	206	217	218	178	23	264	416	513	513	251	195	0	0	0
Excess tax benefits from stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	5	5	6	6	6	6	11	8	8	8	4	2	2	1	0	0	0	0
Common stock repurchases
598	75	95	95	97	71	64	63	61	65	52	51	54	63	73	73	71	53	32	31	31	29	19	22	20	19	16	12	12	13	8	8	8	7	3	3	3	3	0	0	0
Purchase of noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for debt extinguishment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution from noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	9	12	8	5	3	1	1	0	0	0	-	-	-	-	-7	0	0	0
Debt issuance costs
0	-	-	-	0	-	-	-	-	-	-	-	-	76	59	59	51	4	5	5	11	7	6	6	3	4	7	7	4	4	0	0	3	9	0	0	0	-	-	-	0
Other financing activities, net
21	16	23	19	13	9	1	-2	0	5	5	15	16	0	32	10	10	20	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
7,613	6,832	280	470	4,157	4,612	4,381	4,257	441	-82	120	264	391	2,717	2,532	2,536	2,385	305	292	260	303	198	417	313	284	154	134	149	166	179	52	67	43	6	25	34	21	72	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-3	-2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease)
3,106	6,781	-626	-1,642	667	1,261	2,567	4,101	833	153	1,227	1,645	1,337	2,098	1,317	743	1,770	150	82	708	395	572	841	570	540	194	-55	266	297	270	344	-52	-59	139	53	208	141	30	0	0	0
Supplemental disclosures of cash flow information:
Interest paid
391	374	323	325	337	323	240	268	238	237	262	228	234	165	140	64	56	55	50	51	40	40	31	30	30	30	26	26	21	22	23	25	27	27	23	21	18	17	0	0	0
Income taxes paid
609	612	619	634	453	448	478	486	495	496	520	539	525	556	493	405	337	328	299	272	240	237	211	173	103	85	49	32	24	43	34	42	61	50	59	66	55	53	0	0	0
Equity issued in connection with acquisitions
11,526	0	0	0	183	507	507	507	324	0	0	0	0	3,105	3,105	3,104	3,104	12	12	71	71	190	189	131	207	75	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported within the Consolidated Balance Sheets to the totals above:
Contribution from noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0