v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Premium and service revenues $ 28,862 $ 25,724 $ 56,976 $ 49,896
Premium tax and health insurer fee 2,163 1,988 4,032 3,841
Total revenues 31,025 27,712 61,008 53,737
Expenses:        
Medical costs 24,389 20,307 47,780 40,727
Cost of services 1,107 833 2,155 1,658
Selling, general and administrative expenses 2,273 2,255 4,640 4,639
Amortization of acquired intangible assets 188 197 383 363
Premium tax expense 2,236 1,723 4,164 3,348
Health insurer fee expense 0 379 0 724
Impairment 0 0 0 72
Legal settlement 1,250 0 1,250 0
Total operating expenses 31,443 25,694 60,372 51,531
Earnings (loss) from operations (418) 2,018 636 2,206
Other income (expense):        
Investment and other income 39 113 142 280
Debt extinguishment costs 0 0 (46) (44)
Interest expense (163) (187) (333) (367)
Earnings (loss) before income tax expense (542) 1,944 399 2,075
Income tax (benefit) expense (7) 742 237 827
Net earnings (loss) (535) 1,202 162 1,248
Loss attributable to noncontrolling interests 0 4 2 4
Net earnings (loss) attributable to Centene Corporation $ (535) $ 1,206 $ 164 $ 1,252
Net earnings (loss) per common share attributable to Centene Corporation:        
Basic earnings (loss) per common share (in dollars per share) $ (0.92) $ 2.08 $ 0.28 $ 2.23
Diluted earnings (loss) per common share (in dollars per share) $ (0.92) $ 2.05 $ 0.28 $ 2.20
Weighted average number of common shares outstanding:        
Basic (in shares) 582,804 579,189 582,331 561,623
Diluted (in shares) 582,804 587,498 589,799 569,559
Premium        
Revenues:        
Premium and service revenues $ 27,627 $ 24,745 $ 54,560 $ 47,959
Service        
Revenues:        
Premium and service revenues $ 1,235 $ 979 $ 2,416 $ 1,937

Source