Cigna Historical Income Statement
CI Stock | USD 352.65 0.53 0.15% |
Historical analysis of Cigna Corp income statement accounts such as Other Operating Expenses of 195.5 B or Operating Income of 5.4 B can show how well Cigna Corp performed in making a profits. Evaluating Cigna Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cigna Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cigna Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cigna Corp is a good buy for the upcoming year.
Cigna |
About Cigna Income Statement Analysis
Cigna Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cigna Corp shareholders. The income statement also shows Cigna investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Cigna Corp Income Statement Chart
Cigna Corp Income Statement is one of the three primary financial statements used for reporting Cigna's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cigna Corp revenue and expense. Cigna Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Cigna Corp's EBIT is decreasing as compared to previous years. The Cigna Corp's current EBITDA is estimated to increase to about 5.4 B, while Income Tax Expense is projected to decrease to under 133.9 M. Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cigna Corp. It is also known as Cigna Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Revenue
Total revenue comprises all receipts Cigna Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Cigna Corp minus its cost of goods sold. It is profit before Cigna Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Cigna Corp income statement and is an important metric when analyzing Cigna Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Cigna Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cigna Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.As of now, Cigna Corp's EBIT is decreasing as compared to previous years. The Cigna Corp's current EBITDA is estimated to increase to about 5.4 B, while Income Tax Expense is projected to decrease to under 133.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 140.7B | 148.4B | 158.9B | 166.8B | Total Revenue | 174.3B | 180.6B | 195.2B | 204.9B |
Cigna Corp income statement Correlations
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Cigna Corp Account Relationship Matchups
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Cigna Corp income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Interest Expense | 1.7B | 1.4B | 1.2B | 1.2B | 1.4B | 1.5B | |
Other Operating Expenses | 147.2B | 149.7B | 167.5B | 171.7B | 186.2B | 195.5B | |
Operating Income | (96.5B) | 8.7B | 8.4B | 9.5B | 5.2B | 5.4B | |
Ebit | (96.5B) | 8.7B | 8.4B | 9.5B | 2.1B | 2.2B | |
Ebitda | (92.9B) | 11.5B | 11.3B | 12.4B | 5.2B | 5.4B | |
Total Operating Expenses | (250.3B) | (257.5B) | (289.0B) | 13.2B | 149.9B | 157.4B | |
Net Income | 5.1B | 8.5B | 5.4B | 6.7B | 5.2B | 5.4B | |
Income Tax Expense | 1.5B | 2.4B | 1.4B | 1.6B | 141M | 134.0M | |
Total Revenue | 153.7B | 160.6B | 174.3B | 180.6B | 195.2B | 204.9B | |
Gross Profit | 122.9B | 127.9B | 140.7B | 148.4B | 158.9B | 166.8B | |
Income Before Tax | 6.6B | 10.9B | 6.8B | 8.4B | 5.5B | 3.1B | |
Total Other Income Expense Net | 103.1B | 107.8B | 121.5B | (1.2B) | 5.5B | 5.2B | |
Depreciation And Amortization | 3.7B | 2.8B | 2.9B | 2.9B | 3.0B | 3.2B | |
Cost Of Revenue | 30.8B | 32.7B | 33.6B | 32.2B | 36.3B | 25.7B | |
Net Income Applicable To Common Shares | 5.1B | 8.5B | 5.4B | 6.7B | 7.7B | 8.1B | |
Selling General Administrative | 14.1B | 14.1B | 12.2B | 12.7B | 14.8B | 10.2B | |
Minority Interest | 44M | 41M | 31M | 50M | (159M) | (151.1M) | |
Net Income From Continuing Ops | 5.1B | 8.5B | 5.4B | 6.7B | 5.5B | 4.6B | |
Tax Provision | 1.5B | 2.4B | 1.4B | 1.6B | 141M | 134.0M | |
Net Interest Income | (1.7B) | (1.4B) | (1.2B) | (1.2B) | (1.4B) | (1.5B) | |
Interest Income | 1.7B | 1.4B | 1.2B | 1.2B | 1.4B | 1.1B | |
Reconciled Depreciation | 3.7B | 2.8B | 2.9B | 2.9B | 3.0B | 2.6B | |
Non Operating Income Net Other | (1.7B) | 2.6B | (1.3B) | 434M | 499.1M | 524.1M |
Pair Trading with Cigna Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cigna Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cigna Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Cigna Stock
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The ability to find closely correlated positions to Cigna Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cigna Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cigna Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cigna Corp to buy it.
The correlation of Cigna Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cigna Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cigna Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cigna Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Cigna Stock analysis
When running Cigna Corp's price analysis, check to measure Cigna Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cigna Corp is operating at the current time. Most of Cigna Corp's value examination focuses on studying past and present price action to predict the probability of Cigna Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cigna Corp's price. Additionally, you may evaluate how the addition of Cigna Corp to your portfolios can decrease your overall portfolio volatility.
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Is Cigna Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cigna Corp. If investors know Cigna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cigna Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Dividend Share 4.92 | Earnings Share 17.38 | Revenue Per Share 664.145 | Quarterly Revenue Growth 0.116 |
The market value of Cigna Corp is measured differently than its book value, which is the value of Cigna that is recorded on the company's balance sheet. Investors also form their own opinion of Cigna Corp's value that differs from its market value or its book value, called intrinsic value, which is Cigna Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cigna Corp's market value can be influenced by many factors that don't directly affect Cigna Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cigna Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cigna Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cigna Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.