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.
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TypePublic
HQKansas City, US
Founded1979
Size (employees)26,000 (est)
Websitecerner.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, Chairman & CEO
Zane Burke

Zane Burke

President
Joanne Burns

Joanne Burns

Chief Strategy Officer
John Glaser

John Glaser

Senior Vice President, Population Health
Marc Naughton

Marc Naughton

CFO
Mike Nill

Mike Nill

COO
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Cerner Office Locations

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

Cerner Revenue

Cerner's revenue was reported to be $5.14 b in FY, 2017
USD

Revenue (Q3, 2018)

1.3b

Net income (Q3, 2018)

169.4m

EBIT (Q3, 2018)

207.2m

Market capitalization (4-Dec-2018)

18.5b

Closing stock price (4-Dec-2018)

56.1

Cash (29-Sep-2018)

498.6m

EV

18.4b
Cerner's current market capitalization is $18.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.9b3.4b4.4b4.8b5.1b

Revenue growth, %

17%30%8%

General and administrative expense

308.2m392.5m355.3m

Operating expense total

2.3b3.9b4.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

727.8m784.8m851.8m840.1m1.1b996.1m1.1b1.1b1.2b1.2b1.3b1.3b1.3b1.3b1.4b1.3b

General and administrative expense

51.4m55.2m57.2m68.5m98.7m113.1m135.5m90.1m90.0m87.1m88.4m90.6m84.2m92.3m95.5m102.8m

Operating expense total

558.6m606.8m660.1m652.0m912.5m829.2m954.3m922.7m974.7m942.3m1.0b1.0b1.0b1.1b1.2b1.1b

EBIT

169.2m178.0m191.6m188.2m215.4m166.9m171.7m215.4m241.3m242.2m244.1m249.4m247.9m195.2m208.3m207.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

202.4m635.2m402.1m170.9m370.9m

Accounts Receivable

Inventories

32.3m23.8m15.8m14.7m15.7m

Current Assets

1.8b2.3b1.8b1.6b2.4b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

287.5m219.9m315.3m496.5m261.8m390.3m294.0m295.6m377.6m431.5m378.5m460.4m573.1m413.4m511.0m498.6m

Inventories

28.2m28.3m31.7m28.6m23.7m22.6m28.6m22.6m16.7m19.7m19.0m14.6m15.7m14.3m15.3m24.7m

Current Assets

1.7b1.9b1.9b2.2b1.8b1.9b1.9b1.7b1.9b2.0b1.8b2.0b2.2b2.4b2.4b2.4b

PP&E

724.9m845.1m863.7m889.5m1.2b1.1b1.2b1.4b1.4b1.5b1.6b1.6b1.6b1.6b1.7b1.7b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

398.4m525.4m539.4m636.5m867.0m

Depreciation and Amortization

263.5m302.4m452.2m504.2m580.7m

Inventories

(8.1m)8.1m13.0m(666.0k)(972.0k)

Accounts Payable

4.1m3.0m7.0k(13.2m)7.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

338.3m119.5m248.6m377.6m373.3m110.9m226.0m150.4m316.8m486.8m173.2m352.9m530.3m160.0m329.4m498.7m

Depreciation and Amortization

189.5m70.1m141.8m217.2m329.1m100.4m213.5m119.1m244.1m371.4m134.8m278.9m425.2m152.6m312.6m473.7m

Inventories

(3.9m)3.9m579.0k3.5m5.2m7.7m423.0k(8.5m)(2.5m)(5.6m)(4.3m)211.0k(909.0k)1.4m390.0k(9.0m)

Accounts Payable

(19.3m)(29.5m)(518.0k)20.1m(7.6m)6.3m(4.1m)(23.1m)(5.2m)(19.6m)(21.9m)33.6m(12.7m)7.6m43.4m21.8m
USDY, 2018

EV/EBIT

89 x

EV/CFO

17.6 x

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.3 x
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Cerner Online and Social Media Presence

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Cerner Company Life and Culture

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Cerner Frequently Asked Questions

  • When was Cerner founded?

    Cerner was founded in 1979.

  • Who are Cerner key executives?

    Cerner's key executives are Brent Shafer, Zane Burke and Joanne Burns.

  • How many employees does Cerner have?

    Cerner has 26,000 employees.

  • What is Cerner revenue?

    Latest Cerner annual revenue is $5.1 b.

  • What is Cerner revenue per employee?

    Latest Cerner revenue per employee is $197.8 k.

  • Who are Cerner competitors?

    Competitors of Cerner include Allscripts, Sansoro Health and athenahealth.

  • Where is Cerner headquarters?

    Cerner headquarters is located at 2800 Rockcreek Pkwy, Kansas City.

  • Where are Cerner offices?

    Cerner has an office in Kansas City.

  • How many offices does Cerner have?

    Cerner has 1 office.