Cerner Earns 58 Cents per Share

After the closing bell, Cerner (CERN) reported Q4 earnings of 58 cents per share. That’s three cents below estimates. For the full year, Cerner made $2.38 per share.

Here are some highlights:

Fourth quarter operating cash flow of $348.9 million and full-year of $1.308 billion.

Fourth quarter Free Cash Flow of $185.1 million. For the full year, Free Cash Flow was $671.4 million. Free Cash Flow is a non-GAAP financial measure defined as GAAP cash flows from operating activities less capital purchases and capitalized software development costs. Please see the accompanying schedule, titled “Reconciliation of GAAP Results to Non-GAAP Results.”

Fourth quarter days sales outstanding of 72 days, up from 69 days in the year-ago period.

Total backlog of $17.55 billion, up 10 percent over the year-ago quarter.

“We finished the year on a mostly positive note, with record bookings and all other key metrics except for earnings in line with our expectations,” said Zane Burke, President. “Our bookings were at record levels across several key areas, including population health, Cerner ITWorksSM, and revenue cycle, and also included strong contributions from outside of the U.S. We believe the strong bookings in the fourth quarter combined with our robust pipeline and strong competitive position sets us up for solid growth in 2018 and beyond.”

Cerner currently expects Q1 earnings of 57 to 59 cents per share and 2018 earnings of $2.57 to $2.73 per share. The stock is down about 2.3% in the after-hours market.

Posted by on February 6th, 2018 at 4:12 pm


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