Centene (CNC) 10-K Summary — Year Ended Dec 31, 2024
Centene Corporation's annual filing reports revenue growth and positive net income, but operating cash flow declined sharply. The company's liquidity and capital resources discussion highlights a significant decrease in operating cash flow due to working capital changes.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Centene Corporation's annual filing reports revenue growth and positive net income, but operating cash flow declined sharply. The company's liquidity and capital resources discussion highlights a significant decrease in operating cash flow due to working capital changes.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$145.5B
Revenue reported for the fiscal year.
Operating income
$3.2B
Income from operations reported for the year.
Net income
$3.3B
Net income reported for the year.
Operating cash flow
$154M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $118B | n/a |
| Dec 31, 2022 | $135.5B | +14.8% |
| Dec 31, 2023 | $140.1B | +3.4% |
| Dec 31, 2024 | $145.5B | +3.9% |
Business overview
The filing's business overview section is not provided in the supplied context, so no specific business description is available. The company is identified as Centene Corporation.
Financial performance
Revenue increased compared to the prior year. Operating income and net income were reported at positive levels. Operating cash flow, however, was significantly lower than the previous year.
Material risks
The filing includes a risk factors section, but the supplied JSON does not contain the text of specific risks. Therefore, no material risks can be identified from the provided context.
Liquidity and capital
Liquidity and capital resources discussion indicates that operating cash flow decreased substantially, while investing and financing activities used cash. The company relies on operating cash flows and borrowings under its revolving credit facility to fund normal operations.
What to watch
Readers should monitor the impact of the transition to a new third-party pharmacy benefit manager on cash flows and receivables, as noted in the liquidity discussion.