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 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Premium $ 9,625 $ 4,983 $ 25,299 $ 13,974
Service 590 480 1,603 1,434
Premium and service revenues 10,215 5,463 26,902 15,408
Premium tax and health insurer fee 631 358 1,794 1,050
Total revenues 10,846 5,821 28,696 16,458
Expenses:        
Medical costs 8,376 4,433 22,072 12,475
Cost of services 504 413 1,386 1,234
General and administrative expenses 940 458 2,611 1,291
Amortization of acquired intangible assets 43 6 95 18
Premium tax expense 512 274 1,460 794
Health insurer fee expense 129 54 333 161
Total operating expenses 10,504 5,638 27,957 15,973
Earnings from operations 342 183 739 485
Other income (expense):        
Investment and other income 33 8 80 27
Interest expense (57) (11) (142) (32)
Earnings from continuing operations, before income tax expense 318 180 677 480
Income tax expense 171 87 376 234
Earnings from continuing operations, net of income tax expense 147 93 301 246
Discontinued operations, net of income tax benefit (1) 1 (3) 0
Net earnings 146 94 298 246
(Earnings) attributable to noncontrolling interests (1) (1) (1) (2)
Net earnings 145 93 297 244
Amounts attributable to Centene Corporation common shareholders:        
Earnings from continuing operations, net of income tax expense 146 92 300 244
Discontinued operations, net of income tax benefit (1) 1 (3) 0
Net earnings $ 145 $ 93 $ 297 $ 244
Basic:        
Continuing operations (in dollars per share) $ 0.85 $ 0.77 $ 1.93 $ 2.05
Discontinued operations (in dollars per share) 0.00 0.01 (0.02) 0.00
Basic earnings per common share (in dollars per share) 0.85 0.78 1.91 2.05
Diluted:        
Continuing operations (in dollars per share) 0.84 0.75 1.89 1.99
Discontinued operations (in dollars per share) (0.01) 0.01 (0.02) 0.00
Diluted earnings per common share (in dollars per share) $ 0.83 $ 0.76 $ 1.87 $ 1.99
Weighted average number of common shares outstanding:        
Basic (in shares) 170,774,587 119,121,524 155,680,769 118,970,853
Diluted (in shares) 174,312,416 123,131,810 158,960,068 122,904,476