Exhibit 99.1

Cerner Reports Fourth Quarter and Full-Year 2011 Results

Record Revenue, Bookings, Earnings and Cash Flow

KANSAS CITY, Mo. — Feb. 7, 2012 —

Cerner Corporation (Nasdaq: CERN) today announced results for the 2011 fourth quarter and full year that ended Dec. 31, 2011, delivering record levels of bookings, revenue, earnings and cash flow.

Bookings in the fourth quarter of 2011 were $899.0 million, an all-time high for Cerner and an increase of 44 percent compared to fourth quarter 2010 bookings of $626.2 million. Full year 2011 bookings were a record $2.72 billion, up 37 percent compared to 2010 bookings of $1.99 billion.

Fourth quarter revenue was $615.6 million, an increase of 23 percent compared to $500.2 million in the year-ago period. Full year 2011 revenue was $2.20 billion, up 19 percent compared to 2010 revenue of $1.85 billion.

On a U.S. Generally Accepted Accounting Principles (GAAP) basis, fourth quarter 2011 net earnings were $91.2 million and diluted earnings per share were $0.52. Fourth quarter 2010 GAAP net earnings were $70.6 million and diluted earnings per share were $0.41. For the full year, 2011 GAAP net earnings were $306.6 million and diluted earnings per share were $1.76. Full year 2010 GAAP net earnings were $237.3 million and diluted earnings per share were $1.39.

The number of shares and the per share amounts for all periods presented within reflect the two-for-one stock split effective June 24, 2011.

Adjusted (non-GAAP) Net Earnings

Adjusted net earnings for fourth quarter 2011 were $96.2 million, an increase of 28 percent compared to $75.0 million of adjusted net earnings in the fourth quarter of 2010. Adjusted diluted earnings per share were $0.55 in the fourth quarter of 2011 compared to $0.44 per share in the fourth quarter of 2010. Analysts’ consensus estimate for fourth quarter 2011 adjusted diluted earnings per share was $0.53. For the full year 2011, adjusted net earnings were $324.9 million and adjusted diluted earnings per share were $1.87, compared to full year 2010 adjusted net earnings of $252.8 million and adjusted diluted earnings per share of $1.48.

Adjusted net earnings is not a recognized term under GAAP and should not be substituted for net earnings as a measure of the Company’s performance but instead should be utilized as a supplemental measure of financial performance in evaluating our business. Following is a description of adjustments made to net earnings. For more detail, please see the accompanying schedule, titled “Reconciliation of Adjusted Net Earnings and Adjusted Diluted Earnings Per Share to GAAP Net Earnings and Diluted Earnings Per Share.”

Adjusted net earnings and diluted earnings per share exclude share-based compensation expense, which reduced fourth quarter 2011 net earnings and diluted earnings per share by $5.0 million and $0.03, respectively, and reduced fourth quarter 2010 net earnings and diluted earnings per share by $4.3 million and $0.03, respectively. Share-based compensation expense reduced full year 2011 net earnings and diluted earnings per share by $18.2 million and $0.11, respectively, and reduced full year 2010 net earnings and diluted earnings per share by $15.6 million and $0.09, respectively.

Other 2011 Fourth Quarter and Full Year Highlights:

 

   

Fourth quarter cash collections of $638.4 million and record operating cash flow of $168.5 million. For the full year, cash collections were $2.21 billion and operating cash flow was $546.3 million.

 

   

Fourth quarter free cash flow of $118.2 million, which is an all-time high level of free cash flow. For the full year, free cash flow was a record $358.6 million, up 31 percent from $273.2 million in 2010. 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. For more detail, please see the accompanying schedule, titled “Reconciliation of GAAP Operating Cash Flow to non-GAAP Free Cash Flow.”


The following information was filed by Cerner Corp (CERN) on Tuesday, February 7, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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