CERNER CORPORATION 2021 Annual Report
2021 Annual Report
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Table of contents
Board of Directors .................................................................................................................................................................................... 4
Leadership ................................................................................................................................................................................................... 5
Cerner's long-term performance ...................................................................................................................................................... 6
A letter to our shareholders, clients and associates ................................................................................................................. 7
Appendix: Reconciliation of GAAP results to Non-GAAP results ...................................................................................... 12
Corporate responsibility at Cerner .................................................................................................................................................. 13
Appendix: Key Performance Indicator index .............................................................................................................................. 21
Form 10-K ................................................................................................................................................................................................... 25
Business and Industry Overview ......................................................................................................................................................................................... 28
Risk Factors ............................................................................................................................................................................................................................................ 38
Properties ................................................................................................................................................................................................................................................. 51 Market for Registrant's Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities .............................................................................................................................................................................. 52
Management's Discussion and Analysis of Financial Condition and Results of Operations .......................................... 52
Quantitative and Qualitative Disclosures about Market Risk ..................................................................................................................... 66
Controls and Procedures ............................................................................................................................................................................................................ 66
Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters .................................................................................................................................................................................................. 68
Exhibits and Financial Statement Schedules .......................................................................................................................................................... 69
Report of Independent Registered Public Accounting Firm ..................................................................................................................... 75
Consolidated Balance Sheets ................................................................................................................................................................................................ 79
Consolidated Statements of Operations ..................................................................................................................................................................... 80
Consolidated Statements of Comprehensive Income ...................................................................................................................................... 81
Consolidated Statements of Cash Flows ...................................................................................................................................................................... 82
Consolidated Statements of Changes in Shareholders' Equity ................................................................................................................ 83
Notes to Consolidated Financial Statements .......................................................................................................................................................... 84
Basis of Presentation, Nature of Operations and Summary of Significant Accounting Policies ....................... 84
Revenue Recognition ........................................................................................................................................................................................................... 87
Receivables ................................................................................................................................................................................................................................... 90
Investments ................................................................................................................................................................................................................................... 92
Property and Equipment .................................................................................................................................................................................................. 93
Leases ................................................................................................................................................................................................................................................ 94
Software Development ....................................................................................................................................................................................................... 95
Business Acquisitions ........................................................................................................................................................................................................... 96
Gain on Sale of Businesses ............................................................................................................................................................................................... 99
Goodwill and Other Intangible Assets .................................................................................................................................................................. 101
Long-term Debt ....................................................................................................................................................................................................................... 102
Fair Value Measurements ............................................................................................................................................................................................... 104
Other Income (Loss) ............................................................................................................................................................................................................. 105
Income Taxes .............................................................................................................................................................................................................................. 106
Earnings Per Share ............................................................................................................................................................................................................... 108
Share-Based Compensation and Equity ........................................................................................................................................................... 108
Defined Contribution Retirement Plans ............................................................................................................................................................. 113
Purchase Obligations ........................................................................................................................................................................................................... 113
Contingencies ............................................................................................................................................................................................................................ 113
Segment Reporting .............................................................................................................................................................................................................. 115
Stock price performance ................................................................................................................................................................... 116
Corporate information ........................................................................................................................................................................ 117
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Cerner Corporation published this content on 06 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2022 13:40:09 UTC.
