Cigna Historical Income Statement

CI Stock  USD 363.34  5.61  1.57%   
Historical analysis of Cigna Corp income statement accounts such as Operating Income of 5.4 B or EBIT of 2.2 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.
 
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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.
  
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.

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 EBITDA is decreasing as compared to previous years. The Cigna Corp's current Total Operating Expenses is estimated to increase to about 157.4 B, while Other Operating Expenses is forecasted to increase to (176.9 B).

Operating Income

Operating Income is the amount of profit realized from Cigna Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Cigna Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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.

Cost Of Revenue

Cost of Revenue is found on Cigna Corp income statement and represents the costs associated with goods and services Cigna Corp provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
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 EBITDA is decreasing as compared to previous years. The Cigna Corp's current Total Operating Expenses is estimated to increase to about 157.4 B, while Other Operating Expenses is forecasted to increase to (176.9 B).
 2021 2022 2023 2024 (projected)
Gross Profit140.7B148.4B158.9B166.8B
Total Revenue174.3B180.6B195.2B204.9B

Cigna Corp income statement Correlations

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0.03-0.25-0.21-0.21-0.790.230.8-0.04-0.060.510.560.070.170.140.820.270.88-0.040.130.14-0.14
-0.34-0.251.01.00.43-0.09-0.12-0.15-0.14-0.13-0.43-0.36-0.07-0.23-0.09-0.1-0.110.37-0.4-0.390.45
-0.37-0.211.01.00.41-0.11-0.1-0.17-0.16-0.13-0.42-0.38-0.08-0.24-0.05-0.11-0.080.4-0.42-0.410.44
-0.32-0.211.01.00.4-0.06-0.09-0.12-0.11-0.09-0.4-0.34-0.05-0.21-0.07-0.07-0.080.35-0.38-0.360.47
-0.37-0.790.430.410.4-0.42-0.67-0.25-0.24-0.62-0.94-0.4-0.3-0.31-0.43-0.5-0.730.4-0.48-0.460.07
0.880.23-0.09-0.11-0.06-0.420.540.890.880.920.60.870.740.73-0.170.950.2-0.880.880.870.55
0.20.8-0.12-0.1-0.09-0.670.540.160.160.740.560.210.460.380.670.470.8-0.210.280.250.25
0.95-0.04-0.15-0.17-0.12-0.250.890.160.990.720.50.970.680.71-0.450.87-0.15-0.960.930.950.36
0.93-0.06-0.14-0.16-0.11-0.240.880.160.990.710.480.960.670.68-0.450.86-0.15-0.940.930.940.36
0.740.51-0.13-0.13-0.09-0.620.920.740.720.710.690.740.740.720.130.930.5-0.750.80.780.5
0.60.56-0.43-0.42-0.4-0.940.60.560.50.480.690.610.450.480.150.640.49-0.620.670.650.03
0.970.07-0.36-0.38-0.34-0.40.870.210.970.960.740.610.650.69-0.370.87-0.05-0.990.980.990.26
0.630.17-0.07-0.08-0.05-0.30.740.460.680.670.740.450.650.71-0.030.660.05-0.620.660.660.23
0.740.14-0.23-0.24-0.21-0.310.730.380.710.680.720.480.690.71-0.060.690.01-0.720.720.710.26
-0.430.82-0.09-0.05-0.07-0.43-0.170.67-0.45-0.450.130.15-0.37-0.03-0.06-0.190.720.4-0.33-0.32-0.29
0.880.27-0.1-0.11-0.07-0.50.950.470.870.860.930.640.870.660.69-0.190.29-0.890.910.890.59
-0.060.88-0.11-0.08-0.08-0.730.20.8-0.15-0.150.50.49-0.050.050.010.720.290.040.060.020.2
-0.99-0.040.370.40.350.4-0.88-0.21-0.96-0.94-0.75-0.62-0.99-0.62-0.720.4-0.890.04-0.98-0.98-0.32
0.970.13-0.4-0.42-0.38-0.480.880.280.930.930.80.670.980.660.72-0.330.910.06-0.980.990.3
0.970.14-0.39-0.41-0.36-0.460.870.250.950.940.780.650.990.660.71-0.320.890.02-0.980.990.24
0.32-0.140.450.440.470.070.550.250.360.360.50.030.260.230.26-0.290.590.2-0.320.30.24
Click cells to compare fundamentals

Cigna Corp Account Relationship Matchups

Cigna Corp income statement Accounts

201920202021202220232024 (projected)
Interest Expense1.7B1.4B1.2B1.2B1.4B1.5B
Other Operating Expenses147.2B149.7B167.5B171.7B(186.2B)(176.9B)
Operating Income(96.5B)8.7B8.4B9.5B5.2B5.4B
Ebit(96.5B)8.7B8.4B9.5B2.1B2.2B
Ebitda(92.9B)11.5B11.3B12.4B5.2B5.4B
Total Operating Expenses(250.3B)(257.5B)(289.0B)13.2B149.9B157.4B
Net Income5.1B8.5B5.4B6.7B5.2B5.4B
Income Tax Expense1.5B2.4B1.4B1.6B141M134.0M
Total Revenue153.7B160.6B174.3B180.6B195.2B204.9B
Gross Profit122.9B127.9B140.7B148.4B158.9B166.8B
Income Before Tax6.6B10.9B6.8B8.4B5.5B3.1B
Total Other Income Expense Net103.1B107.8B121.5B(1.2B)5.5B5.2B
Depreciation And Amortization3.7B2.8B2.9B2.9B3.0B3.2B
Cost Of Revenue30.8B32.7B33.6B32.2B36.3B25.7B
Net Income Applicable To Common Shares5.1B8.5B5.4B6.7B7.7B8.1B
Selling General Administrative14.1B14.1B12.2B12.7B14.8B10.2B
Minority Interest44M41M31M50M(159M)(151.1M)
Net Income From Continuing Ops5.1B8.5B5.4B6.7B5.5B4.6B
Tax Provision1.5B2.4B1.4B1.6B141M134.0M
Net Interest Income(1.7B)(1.4B)(1.2B)(1.2B)(1.4B)(1.5B)
Interest Income1.7B1.4B1.2B1.2B1.4B1.1B
Reconciled Depreciation3.7B2.8B2.9B2.9B3.0B2.6B
Non Operating Income Net Other(1.7B)2.6B(1.3B)434M499.1M524.1M

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.

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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.
Pair CorrelationCorrelation Matching
When determining whether Cigna Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cigna Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cigna Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cigna Corp Stock:
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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
17.39
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.