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June 2022
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Document And Entity Information - USD ($) $ in Billions | 12 Months Ended | |||||||||||||||||||||||||||||
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Dec. 31, 2021 | Feb. 10, 2022 | Jun. 30, 2021 | ||||||||||||||||||||||||||||
Entity Information [Line Items] | ||||||||||||||||||||||||||||||
Document Type | 10-K | |||||||||||||||||||||||||||||
Document Annual Report | true | |||||||||||||||||||||||||||||
Document Period End Date | Dec. 31, 2021 | |||||||||||||||||||||||||||||
Document Transition Report | false | |||||||||||||||||||||||||||||
Entity File Number | 0-15386 | |||||||||||||||||||||||||||||
Entity Registrant Name | CERNER CORPORATION | |||||||||||||||||||||||||||||
Entity Incorporation, State or Country Code | DE | |||||||||||||||||||||||||||||
Entity Address, Address Line One | 2800 Rock Creek Parkway | |||||||||||||||||||||||||||||
Entity Address, City or Town | North Kansas City, | |||||||||||||||||||||||||||||
Entity Address, State or Province | MO | |||||||||||||||||||||||||||||
Entity Tax Identification Number | 43-1196944 | |||||||||||||||||||||||||||||
Entity Address, Postal Zip Code | 64117 | |||||||||||||||||||||||||||||
City Area Code | 816 | |||||||||||||||||||||||||||||
Local Phone Number | 221-1024 | |||||||||||||||||||||||||||||
Title of 12(b) Security | Common Stock, $0.01 par value per share | |||||||||||||||||||||||||||||
Trading Symbol | CERN | |||||||||||||||||||||||||||||
Security Exchange Name | NASDAQ | |||||||||||||||||||||||||||||
Entity Well-known Seasoned Issuer | Yes | |||||||||||||||||||||||||||||
Entity Voluntary Filers | No | |||||||||||||||||||||||||||||
Entity Current Reporting Status | Yes | |||||||||||||||||||||||||||||
Entity Interactive Data Current | Yes | |||||||||||||||||||||||||||||
Entity Filer Category | Large Accelerated Filer | |||||||||||||||||||||||||||||
Entity Small Business | false | |||||||||||||||||||||||||||||
Entity Emerging Growth Company | false | |||||||||||||||||||||||||||||
ICFR Auditor Attestation Flag | true | |||||||||||||||||||||||||||||
Entity Shell Company | false | |||||||||||||||||||||||||||||
Entity Public Float | $ 20.9 | |||||||||||||||||||||||||||||
Entity Common Stock, Shares Outstanding | 293,344,090 | |||||||||||||||||||||||||||||
Documents Incorporated by Reference | DOCUMENTS INCORPORATED BY REFERENCE
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Entity Central Index Key | 0000804753 | |||||||||||||||||||||||||||||
Amendment Flag | false | |||||||||||||||||||||||||||||
Document Fiscal Year Focus | 2021 | |||||||||||||||||||||||||||||
Document Fiscal Period Focus | FY | |||||||||||||||||||||||||||||
Current Fiscal Year End Date | --12-31 |
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Cerner Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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This increase includes the impacts of $54 million of pre-tax charges recorded in 2021 to reduce the carrying amount of certain capitalized software development costs to estimated net realizable value; and increased expense associated with share-based payment awards in connection with the departure, or planned departure, of certain executives.
The following table summarizes our cash flows in 2021 and 2020: Table of Content Cash from Operating Activities Cash flows from operations increased $335 million in 2021 compared to 2020, due primarily to increased collections of client receivables.
However, we believe COVID-19 has impacted, and could continue in the near-term to impact, our business results, primarily, but not limited to, in the following areas: Bookings, backlog and revenues - A decline in new business bookings as certain client purchasing decisions and projects are delayed to focus on treating patients, procuring necessary medical supplies, administering vaccines, and managing their own organizations through this crisis.
Foundational to our growth going forward is delivering value to this core client base, including executing effectively on our large U.S. federal contracts and cross-selling key solutions and services in areas such as revenue cycle.
A sustained decline in bookings could reduce backlog and lower subsequent revenues.
Free Cash Flow (Non-GAAP) Table...Read more
Beyond our strategy for driving...Read more
We have made good progress...Read more
Thereafter, all software development costs...Read more
Forward-Looking Statements Statements made in...Read more
The impact will continue to...Read more
Such restrictions also reduce non-reimbursable...Read more
We are also focused on...Read more
Our clients' focus on the...Read more
If these assumptions and estimates...Read more
The remaining difference is primarily...Read more
We believe that our present...Read more
The 2020 period includes a...Read more
Sales and client service expenses...Read more
As a result, the capitalized...Read more
Lower cash flows from operating...Read more
Operating Expenses Total operating expenses...Read more
The increase in general and...Read more
These expenses increased 13% to...Read more
These expenses increased 1% to...Read more
These expenses increased 14% to...Read more
These expenses increased 10% to...Read more
These expenses increased 2% to...Read more
These expenses increased 6% to...Read more
Revenues for 2021 increased 5%...Read more
The new benchmark rate together...Read more
?The 2021 period includes a...Read more
The 2021 period includes a...Read more
Such expenses may include, but...Read more
The five-year period over which...Read more
Software Development Costs Costs incurred...Read more
The following table presents a...Read more
International Segment Revenues increased 15%...Read more
Travel - Associate travel restrictions...Read more
We expect to continue to...Read more
We expect to continue to...Read more
We expect to continue to...Read more
Both the 2021 and 2020...Read more
The increase in operating expenses...Read more
Our capital spending in 2021...Read more
Table of Content Information regarding...Read more
Net earnings for 2021 decreased...Read more
Our effective tax rate was...Read more
Such costs, as a percent...Read more
Table of Content Operational Improvement...Read more
In 2021, general and administrative...Read more
We define free cash flow...Read more
Free cash flow may also...Read more
In 2022, we expect the...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Cerner Corp provided additional information to their SEC Filing as exhibits
Ticker: CERN
CIK: 804753
Form Type: 10-K Annual Report
Accession Number: 0000804753-22-000009
Submitted to the SEC: Tue Feb 22 2022 4:30:20 PM EST
Accepted by the SEC: Tue Feb 22 2022
Period: Friday, December 31, 2021
Industry: Computer Integrated Systems Design