Centene CNC Specialty Services — Redeemable Noncontrolling Interest Equity Fair Value

Discontinued — last reported Q1 '14

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NRZ

NRZOrigination and Servicing — Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22)

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NRZ

NRZAsset management — Redeemable Non-controlling Interests of Consolidated Subsidiaries (Note 22)

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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:RedeemableNoncontrollingInterestEquityFairValue.

The official record: Centene’s 10-K, filed February 22, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does specialty services — redeemable noncontrolling interest equity fair value mean?: The estimated value of the portion of Specialty Services subsidiaries owned by outside partners that the company might be required to buy out.
How do you interpret specialty services — redeemable noncontrolling interest equity fair value?: An increase indicates higher potential future cash outflows to buy out minority partners, which can impact long-term liquidity.
How does specialty services — redeemable noncontrolling interest equity fair value compare across companies?: Reported as 'Redeemable Noncontrolling Interests' or 'Mezzanine Equity' on the balance sheet of companies with joint venture structures.