Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Premium $ 10,905 $ 9,688 $ 21,543 $ 15,674
Service 536 588 1,063 1,013
Premium and service revenues 11,441 10,276 22,606 16,687
Premium tax and health insurer fee 513 621 1,072 1,163
Total revenues 11,954 10,897 23,678 17,850
Expenses:        
Medical costs 9,413 8,385 18,735 13,696
Cost of services 456 515 897 882
Selling, general and administrative expenses 1,065 949 2,156 1,671
Amortization of acquired intangible assets 39 43 79 52
Premium tax expense 543 498 1,133 948
Health insurer fee expense 0 130 0 204
Total operating expenses 11,516 10,520 23,000 17,453
Earnings from operations 438 377 678 397
Other income (expense):        
Investment and other income 45 32 86 47
Interest expense (62) (52) (124) (85)
Earnings from continuing operations, before income tax expense 421 357 640 359
Income tax expense 169 187 256 203
Earnings from continuing operations, net of income tax expense 252 170 384 156
Discontinued operations, net of income tax (benefit) 0 (1) 0 (2)
Net earnings 252 169 384 154
Loss attributable to noncontrolling interests 2 1 9 0
Net earnings 254 170 393 154
Amounts attributable to Centene Corporation common shareholders:        
Earnings from continuing operations, net of income tax expense 254 171 393 156
Discontinued operations, net of income tax (benefit) 0 (1) 0 (2)
Net earnings $ 254 $ 170 $ 393 $ 154
Basic:        
Continuing operations (in dollars per share) $ 1.47 $ 1.00 $ 2.28 $ 1.05
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.01)
Basic earnings per common share (in dollars per share) 1.47 1.00 2.28 1.04
Diluted:        
Continuing operations (in dollars per share) 1.44 0.98 2.23 1.02
Discontinued operations (in dollars per share) 0.00 (0.01) 0.00 (0.01)
Diluted earnings per common share (in dollars per share) $ 1.44 $ 0.97 $ 2.23 $ 1.01