Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The following table sets forth the calculation of basic and diluted net earnings (loss) per common share ($ in millions, except shares in thousands and per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Earnings attributable to Centene Corporation:
 
 
 
 
 
 
 
Earnings from continuing operations, net of tax
$
254

 
$
171

 
$
393

 
$
156

Discontinued operations, net of tax

 
(1
)
 

 
(2
)
Net earnings
$
254

 
$
170

 
$
393

 
$
154

 
 
 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
 
 
Weighted average number of common shares outstanding
172,357

 
170,559

 
172,215

 
148,051

Common stock equivalents (as determined by applying the treasury stock method)
4,063

 
4,290

 
3,905

 
4,147

Weighted average number of common shares and potential dilutive common shares outstanding
176,420

 
174,849

 
176,120

 
152,198

 
 
 
 
 
 
 
 
Net earnings (loss) per common share attributable to Centene Corporation:
Basic:
 
 
 
 
 
 
 
Continuing operations
$
1.47

 
$
1.00

 
$
2.28

 
$
1.05

Discontinued operations

 

 

 
(0.01
)
Basic earnings per common share
$
1.47

 
$
1.00

 
$
2.28

 
$
1.04

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Continuing operations
$
1.44

 
$
0.98

 
$
2.23

 
$
1.02

Discontinued operations

 
(0.01
)
 

 
(0.01
)
Diluted earnings per common share
$
1.44

 
$
0.97

 
$
2.23

 
$
1.01



The calculation of diluted earnings per common share for the three and six months ended June 30, 2017 excludes the impact of 5 thousand and 40 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units. The calculation of diluted earnings per common share for the three and six months ended June 30, 2016 excludes the impact of 48 thousand and 51 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.