What is Centene's medicaid — reallocation?

Centene (CNC) reported medicaid — reallocation of $1M in Q4 2022.

What does medicaid — reallocation mean?

The net movement of financial items into or out of the Medicaid segment due to internal organizational changes.

How do you interpret medicaid — reallocation?

Frequent or large reallocations may signal internal restructuring or shifts in how the company manages overhead and shared services across its business segments.

How does medicaid — reallocation compare across companies?

Similar to 'Inter-segment Transfers' or 'Corporate Allocation Adjustments' reported by diversified healthcare conglomerates.

Centene CNC Medicaid — Reallocation

Discontinued — last reported Q4 '22

Similar metrics at other companies

MOHMedicaid — Change in acquired balances

-$27M—

MOHMedicaid Solutions — Total Assets

$219M-18.0%

FISCorporate and Other — Reallocation due to segment realignment

$16M—

MOHMedicaid Solutions — Restructuring Costs

$8M—

CBREProject Management — Reallocation

-$27M-102%

MOHMedicaid Solutions — Restructuring And Related Cost Expected Cost1

$10M—

Other financials

Income statement

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Revenue$49.9B+7.1%

Gross profit$49.2B+7.2%

Operating income$1.9B+21.3%

Net income$1.5B+17.5%

EPS (diluted)$3.11+18.3%

Balance sheet

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Cash & equivalents$21.3B+43.5%

Total debt$16.4B-10.6%

Total equity$21.4B-23.2%

Total assets$81.2B-6.7%

Cash flow

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Operating cash flow$4.4B+189%

CapEx$200.0M+48.1%

Free cash flow$4.2B+203%

Valuation

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Market cap$30.13B-46.5%

Enterprise value$25.24B-66.7%

P/S0.2×-0.2×

Profitability

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Gross margin98.7%+0.3pp

Operating margin-3.7%-5.8pp

Net margin-3.3%-5.3pp

FCF margin3.6%+2.7pp

Returns & leverage

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Return on equity-26.1%-38.7pp

Debt / equity0.8×+0.1×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Centene in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTransfers.

The official record: Centene’s 10-K, filed February 20, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Centene's medicaid — reallocation?: Centene (CNC) reported medicaid — reallocation of $1M in Q4 2022.
What does medicaid — reallocation mean?: The net movement of financial items into or out of the Medicaid segment due to internal organizational changes.
How do you interpret medicaid — reallocation?: Frequent or large reallocations may signal internal restructuring or shifts in how the company manages overhead and shared services across its business segments.
How does medicaid — reallocation compare across companies?: Similar to 'Inter-segment Transfers' or 'Corporate Allocation Adjustments' reported by diversified healthcare conglomerates.