Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 63.7B | 5.2% |
| Gross Profit | -6.95B | 2.1% |
| Cost of Revenue | 70.6B | 4.5% |
| Operating expense | 4.11B | 0.2% |
| Net Income | 739M | 52.3% |
| EBITDA | 1.92B | 29% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 158B | 1.4% |
| Total Liabilities | 115B | 1.2% |
| Total Equity | 42.1B | 1.8% |
| Shares Outstanding | 278M | 1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 46M | 82.6% |
| Cash from investing | -776M | 21.3% |
| Cash from financing | 439M | 119% |
EPS
Financial Highlights for Cigna in Q3 '24
Cigna reported a revenue of 63.7B, which is a 5.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -6.95B, marking a 2.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 70.6B, a 4.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 4.11B, showing a 0.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 739M, showing a -52.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.92B, showing a -29% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Cigna faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
