Cerner is a supplier of health care information technology solutions that optimize clinical and financial outcomes. The Company's solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Cerner Millennium is a person-centric computing framework, which includes integrated clinical, financial and management information systems. This architecture allows providers to securely access an individual’s electronic health record at the point of care, and it organizes and proactively delivers information to meet the specific needs of physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals and consumers. Cerner's HealtheIntent platform is a cloud-based platform designed to scale at a population level while facilitating health and care at a person and provider level. On the HealtheIntent platform, the Company offers EHR-agnostic solutions that help health care systems aggregate, transform and reconcile data across the continuum of care, manage the health of populations they serve, improve outcomes and lower costs.
Type
Public
HQ
Kansas City, US
Founded
1979
Size (employees)
24,400 (est)
Website
cerner.com
Cerner was founded in 1979 and is headquartered in Kansas City, US
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Key People/Management at Cerner

Brent Shafer

Brent Shafer

Chairman & CEO
Cliff Illig

Cliff Illig

Co-Founder
Neal Patterson

Neal Patterson

Co-Founder
Paul Gorup

Paul Gorup

Co-Founder
Marc Naughton

Marc Naughton

Chief Financial Officer
Zane Burke

Zane Burke

President
Mike Nill

Mike Nill

Chief Operating Officer
Joanne Burns

Joanne Burns

Chief Strategy Officer
Mitchell Daniels

Mitchell Daniels

Board Member
Gerald Bisbee

Gerald Bisbee

Board Member
Denis Cortese

Denis Cortese

Board Member
Linda Dillman

Linda Dillman

Board Member
Julie Gerberding

Julie Gerberding

Board Member
William Neaves

William Neaves

Board Member
William Zollars

William Zollars

Board Member
Julie Wilson

Julie Wilson

Chief People Officer
John Peterzalek

John Peterzalek

Executive Vice President, Client Relationships
John Glaser

John Glaser

Senior Vice President, Population Health

Cerner Office Locations

Cerner has an office in Kansas City
Kansas City, US (HQ)
2800 Rockcreek Pkwy
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Cerner Financials and Metrics

Cerner Financials

Cerner's revenue was reported to be $4.80 b in FY, 2016 which is a 8.4% increase from the previous period.
USD

Revenue (Q3, 2017)

1.3 b

Net income (Q3, 2017)

177.4 m

EBIT (Q3, 2017)

247.9 m

Market capitalization (5-Feb-2018)

21.7 b

Cash (3-Feb-2018)

573.1 m

EV

21.7 b
Cerner's current market capitalization is $21.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.9 b3.4 b4.4 b4.8 b

Revenue growth, %

17%30%8%

General and administrative expense

392.5 m

Operating expense total

392.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

727.8 m784.8 m851.8 m840.1 m1.1 b996.1 m1.1 b1.2 b1.1 b1.2 b1.3 b1.3 b1.3 b

General and administrative expense

51.4 m55.2 m57.2 m68.5 m98.7 m113.1 m135.5 m87.1 m90.1 m90 m88.4 m90.6 m84.2 m

Operating expense total

558.6 m606.8 m660.1 m652 m912.5 m829.2 m954.3 m942.3 m922.7 m974.7 m1 b1 b1 b

EBIT

169.2 m178 m191.6 m188.2 m215.4 m166.9 m171.7 m242.2 m215.4 m241.3 m244.1 m249.4 m247.9 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

202.4 m635.2 m402.1 m170.9 m

Inventories

32.3 m23.8 m15.8 m14.7 m

Current Assets

1.8 b2.3 b1.8 b1.6 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

287.5 m219.9 m315.3 m496.5 m261.8 m390.3 m294 m431.5 m295.6 m377.6 m378.5 m460.4 m573.1 m

Inventories

28.2 m28.3 m31.7 m28.6 m23.7 m22.6 m28.6 m19.7 m22.6 m16.7 m19 m14.6 m15.7 m

Current Assets

1.7 b1.9 b1.9 b2.2 b1.8 b1.9 b1.9 b2 b1.7 b1.9 b1.8 b2 b2.2 b

PP&E

724.9 m845.1 m863.7 m889.5 m1.2 b1.1 b1.2 b1.5 b1.4 b1.4 b1.6 b1.6 b1.6 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

398.4 m525.4 m539.4 m636.5 m

Depreciation and Amortization

263.5 m302.4 m452.2 m504.2 m

Inventories

(8.1 m)8.1 m13 m(666 k)

Accounts Payable

4.1 m3 m7 k(13.2 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

338.3 m119.5 m248.6 m377.6 m373.3 m110.9 m226 m486.8 m150.4 m316.8 m173.2 m352.9 m530.3 m

Depreciation and Amortization

189.5 m70.1 m141.8 m217.2 m329.1 m100.4 m213.5 m371.4 m119.1 m244.1 m134.8 m278.9 m425.2 m

Inventories

(3.9 m)3.9 m579 k3.5 m5.2 m7.7 m423 k(5.6 m)(8.5 m)(2.5 m)(4.3 m)211 k(909 k)

Accounts Payable

(19.3 m)(29.5 m)(518 k)20.1 m(7.6 m)6.3 m(4.1 m)(19.6 m)(23.1 m)(5.2 m)(21.9 m)33.6 m(12.7 m)
USDY, 2017

EV/EBIT

87.3 x

EV/CFO

22.6 x

Revenue/Employee

52.3 k

Financial Leverage

1.4 x
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