v3.22.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Premium and service revenues $ 33,968 $ 28,862 $ 68,200 $ 56,976
Premium tax 1,968 2,163 4,921 4,032
Total revenues 35,936 31,025 73,121 61,008
Expenses:        
Medical costs 27,312 24,389 55,150 47,780
Cost of services 2,099 1,107 4,087 2,155
Selling, general and administrative expenses 2,800 2,139 5,545 4,373
Depreciation expense 164 134 320 267
Amortization of acquired intangible assets 199 188 398 383
Premium tax expense 2,041 2,236 5,047 4,164
Impairment 1,450 0 1,450 0
Legal settlement 0 1,250 0 1,250
Total operating expenses 36,065 31,443 71,997 60,372
Earnings (loss) from operations (129) (418) 1,124 636
Other income (expense):        
Investment and other income 42 39 94 142
Debt extinguishment 13 0 16 (46)
Interest expense (162) (163) (322) (333)
Earnings (loss) before income tax (236) (542) 912 399
Income tax expense (benefit) (65) (7) 231 237
Net earnings (loss) (171) (535) 681 162
(Earnings) loss attributable to noncontrolling interests (1) 0 (4) 2
Net earnings (loss) attributable to Centene Corporation $ (172) $ (535) $ 677 $ 164
Net earnings (loss) per common share attributable to Centene Corporation:        
Basic earnings (loss) per common share (in dollars per share) $ (0.29) $ (0.92) $ 1.16 $ 0.28
Diluted earnings (loss) per common share (in dollars per share) $ (0.29) $ (0.92) $ 1.15 $ 0.28
Weighted average number of common shares outstanding:        
Basic (in shares) 583,644 582,804 583,435 582,331
Diluted (in shares) 583,644 582,804 590,226 589,799
Premium        
Revenues:        
Premium and service revenues $ 31,510 $ 27,627 $ 63,399 $ 54,560
Service        
Revenues:        
Premium and service revenues $ 2,458 $ 1,235 $ 4,801 $ 2,416

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