v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Premium and service revenues $ 30,514 $ 27,459 $ 87,490 $ 77,355
Premium tax and health insurer fee 1,892 1,631 5,924 5,472
Total revenues 32,406 29,090 93,414 82,827
Expenses:        
Medical costs 25,430 22,932 73,210 63,659
Cost of services 1,355 861 3,510 2,519
Selling, general and administrative expenses 2,684 2,507 7,324 7,146
Amortization of acquired intangible assets 198 164 581 527
Premium tax expense 1,965 1,389 6,129 4,737
Health insurer fee expense 0 376 0 1,100
Impairment 229 0 229 72
Legal settlement 0 0 1,250 0
Total operating expenses 31,861 28,229 92,233 79,760
Earnings from operations 545 861 1,181 3,067
Other income (expense):        
Investment and other income 424 95 566 375
Debt extinguishment costs (79) 0 (125) (44)
Interest expense (170) (184) (503) (551)
Earnings before income tax expense 720 772 1,119 2,847
Income tax expense 139 207 376 1,034
Net earnings 581 565 743 1,813
Loss attributable to noncontrolling interests 3 3 5 7
Net earnings attributable to Centene Corporation $ 584 $ 568 $ 748 $ 1,820
Net earnings per common share attributable to Centene Corporation:        
Basic earnings per common share (in dollars per share) $ 1.00 $ 0.98 $ 1.28 $ 3.21
Diluted earnings per common share (in dollars per share) $ 0.99 $ 0.97 $ 1.27 $ 3.16
Weighted average number of common shares outstanding:        
Basic (in shares) 583,244 579,510 582,636 567,586
Diluted (in shares) 590,702 587,971 590,154 575,732
Premium        
Revenues:        
Premium and service revenues $ 28,876 $ 26,537 $ 83,436 $ 74,496
Service        
Revenues:        
Premium and service revenues $ 1,638 $ 922 $ 4,054 $ 2,859

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