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CNCCentene Corporation

Health care · Health Insurance · NYSE

Our mission is to transform the health of the communities we serve, one person at a time. 10-K, Item 1

Employees
61,100
Headquarters
St Louis, MO
Next results
around Feb 5, 2027
Compare with peers → Embed

Dilution: new shares, stock pay and buybacks

prospectuses (S-3, 424B) of the last three years and the 10-K cash flow From EDGAR

Shares offered

Since Nov 11, 2023: 1 shelf registration.

“We may offer and sell from time to time, one or any combination of the securities we describe in this prospectus.”

S-3ASR, Feb 21, 2024 ↗
Every offering filing →

Paid in stock

$204.0M

stock-based pay, year to Dec 31, 2025; shares sold for $37.0M in cash

Bought back

$475.0M

cash paid for its own shares, year to Dec 31, 2025: 2.3× the stock pay

Diluted shares: 493.12M in the year to Dec 31, 2025 2025 -5.8%2024 -4.0%2023 -6.2%2022 -1.4%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. Cash & buybacks, year by year → · How

No cash flow chart for banks and insurers: their operating cash flow moves with loans, deposits and trading, so it says little about how cash was spent.

Buybacks, year to Dec 31, 2025
$475.0M
cash paid for its own shares
Paid in stock to employees
$204.0M
buybacks were 2.3× this
Share count, 1 year
-5.8%
fewer shares: each share owns more
Share count, 3 years
-15.3%
diluted average shares
Fiscal year toBuybacksDividendsStock payShares issued for cashDiluted shares
2025-12-31$475.0M -$204.0M $37.0M493.12M
2024-12-31$3.1B -$212.0M $46.0M523.74M
2023-12-31$1.6B -$216.0M $44.0M545.70M
2022-12-31$3.1B -$234.0M $70.0M582.04M
2021-12-31$297.0M -$203.0M $35.0M590.52M

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Price paid per share

What CNC paid on average for each share it bought back, each fiscal year: dollars spent divided by shares bought, both from the 10-K.

Cheapest year
$11.29
fiscal year to Dec 31, 2012
Dearest year
$123.75
fiscal year to Dec 31, 2021
Average over these years
$59.94
$1.3B spent
Fiscal year toShares boughtSpentAverage price
2021-12-31 2.40M$297.0M $123.75
2020-12-31 8.70M$626.0M $71.95
2019-12-31 1.00M$75.0M $75.00
2018-12-31 1.00M$71.0M $71.00
2017-12-31 1.00M$65.0M $65.00
2016-12-31 2.16M$63.0M $29.22
2015-12-31 1.84M$53.0M $28.85
2014-12-31 1.25M$29.0M $23.15
2013-12-31 1.38M$19.0M $13.81
2012-12-31 1.15M$13.0M $11.29

Shares and dollars from the statement of shareholders' equity (the cash flow line also counts shares withheld for taxes, so it is not used). Share counts filed before a stock split are put on today's count. A year where the 10-K does not tag both numbers is left out. The latest year with both numbers tagged is 2021.

Work on CNC in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CNC/export.csv") into a cell.