Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v3.5.0.2
Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Premium $ 9,688 $ 4,692 $ 15,674 $ 8,991
Service 588 492 1,013 954
Premium and service revenues 10,276 5,184 16,687 9,945
Premium tax and health insurer fee 621 322 1,163 692
Total revenues 10,897 5,506 17,850 10,637
Expenses:        
Medical costs 8,385 4,181 13,696 8,042
Cost of services 515 419 882 821
General and administrative expenses 949 437 1,671 833
Amortization of acquired intangible assets 43 5 52 12
Premium tax expense 498 239 948 520
Health insurer fee expense 130 52 204 107
Total operating expenses 10,520 5,333 17,453 10,335
Earnings from operations 377 173 397 302
Other income (expense):        
Investment and other income 32 10 47 19
Interest expense (52) (11) (85) (21)
Earnings from continuing operations, before income tax expense 357 172 359 300
Income tax expense 188 84 205 147
Earnings from continuing operations, net of income tax expense 169 88 154 153
Discontinued operations, net of income tax benefit (1) 0 (2) (1)
Net earnings 168 88 152 152
(Earnings) loss attributable to noncontrolling interests 1 0 0 (1)
Net earnings attributable to Centene Corporation 169 88 152 151
Amounts attributable to Centene Corporation common shareholders:        
Earnings from continuing operations, net of income tax expense 170 88 154 152
Discontinued operations, net of income tax benefit (1) 0 (2) (1)
Net earnings $ 169 $ 88 $ 152 $ 151
Basic:        
Continuing operations (in dollars per share) $ 1.00 $ 0.74 $ 1.04 $ 1.28
Discontinued operations (in dollars per share) (0.01) 0.00 (0.01) (0.01)
Basic earnings per common share (in dollars per share) 0.99 0.74 1.03 1.27
Diluted:        
Continuing operations (in dollars per share) 0.98 0.72 1.02 1.24
Discontinued operations (in dollars per share) (0.01) 0.00 (0.01) (0.01)
Diluted earnings per common share (in dollars per share) $ 0.97 $ 0.72 $ 1.01 $ 1.23
Weighted average number of common shares outstanding:        
Basic (in shares) 170,558,778 119,003,569 148,050,927 118,894,269
Diluted (in shares) 173,778,537 122,965,011 151,147,640 122,785,459