Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.2
Earnings Per Share
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The following table sets forth the calculation of basic and diluted net earnings per common share ($ in millions, except per share data):

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Earnings attributable to Centene Corporation:
 
 
 
 
 
 
 
Earnings from continuing operations, net of tax
$
146

 
$
92

 
$
300

 
$
244

Discontinued operations, net of tax
(1
)
 
1

 
(3
)
 

Net earnings
$
145

 
$
93

 
$
297

 
$
244

 
 
 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
 
 
Weighted average number of common shares outstanding
170,774,587

 
119,121,524

 
155,680,769

 
118,970,853

Common stock equivalents (as determined by applying the treasury stock method)
3,537,829

 
4,010,286

 
3,279,299

 
3,933,623

Weighted average number of common shares and potential dilutive common shares outstanding
174,312,416

 
123,131,810

 
158,960,068

 
122,904,476

 
 
 
 
 
 
 
 
Net earnings per common share attributable to Centene Corporation:
Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.85

 
$
0.77

 
$
1.93

 
$
2.05

Discontinued operations

 
0.01

 
(0.02
)
 

Basic earnings per common share
$
0.85

 
$
0.78

 
$
1.91

 
$
2.05

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.84

 
$
0.75

 
$
1.89

 
$
1.99

Discontinued operations
(0.01
)
 
0.01

 
(0.02
)
 

Diluted earnings per common share
$
0.83

 
$
0.76

 
$
1.87

 
$
1.99



The calculation of diluted earnings per common share for the three and nine months ended September 30, 2016 excludes the impact of 51,593 and 48,380 shares, respectively, related to anti-dilutive restricted stock and restricted stock units. The calculation of diluted earnings per common share for the three and nine months ended September 30, 2015 excludes the impact of 28,716 and 84,644 shares, respectively, related to anti-dilutive restricted stock and restricted stock units.