Cerner Corporation – Company Information

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Cerner Corporation is an American multinational health care company based in Kansas City, Missouri.

The company offers a range of products, including information software, medical device integration, and remote hosting and employer health services.

Its products are predominately used by single-doctor practices, hospitals, and individual consumers. Cerner solutions are licensed by approximately 10,000 facilities worldwide.

It was founded in 1979 by Neal Patterson, Paul Gorup, and Cliff Illig, originally under the name PGI & Associates. Five years later it was renamed Cerner and in 1986 it was established as a Delaware corporation.

The company’s mission is “to contribute to the systemic improvement of health care delivery and the health of communities.”

It is publicly listed on the NASDAQ stock exchange under the stock ticker symbol ‘CERN’.

Overview

Cerner logo


Income data (in $ thousands) 2013 2012
System sales $847,809 $902,799
Support, maintenance and services revenue $1,992,830 $1,707,329
Reimbursed travel revenue $70,109 $55,308
Total revenues $2,910,748 $2,665,436
Total costs and expenses $2,334,736 $2,093,774
Operating earnings $576,012 $571,662
Other income, net $12,042 $16,046
Earnings before income taxes $588,054 $587,708
Income taxes $(189,700) $(190,476)
Net earnings $398,354 $397,232
Balance sheet data (in $ thousands)
Total assets $4,098,364 $3,704,468
Total liabilities $930,700 $870,818
Total stockholders’ equity $3,167,664 $2,833,650
Common share data (in $)
Earnings (loss) per Common Share – Basic $1.16 $1.16
Earnings (loss) per Common Share – Diluted $1.13 $1.13

Source: “2013 Annual Report Form 10-K”


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