Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Premium $ 10,850 $ 9,625 $ 32,393 $ 25,299
Service 571 590 1,634 1,603
Premium and service revenues 11,421 10,215 34,027 26,902
Premium tax and health insurer fee 477 631 1,549 1,794
Total revenues 11,898 10,846 35,576 28,696
Expenses:        
Medical costs 9,543 8,376 28,278 22,072
Cost of services 437 504 1,334 1,386
Selling, general and administrative expenses 1,030 940 3,186 2,611
Amortization of acquired intangible assets 38 43 117 95
Premium tax expense 510 512 1,643 1,460
Health insurer fee expense 0 129 0 333
Total operating expenses 11,558 10,504 34,558 27,957
Earnings from operations 340 342 1,018 739
Other income (expense):        
Investment and other income 51 33 137 80
Interest expense (65) (57) (189) (142)
Earnings from continuing operations, before income tax expense 326 318 966 677
Income tax expense 125 169 381 372
Earnings from continuing operations, net of income tax expense 201 149 585 305
Discontinued operations, net of income tax benefit 0 (1) 0 (3)
Net earnings 201 148 585 302
(Earnings) loss attributable to noncontrolling interests 4 (1) 13 (1)
Net earnings 205 147 598 301
Amounts attributable to Centene Corporation common shareholders:        
Earnings from continuing operations, net of income tax expense 205 148 598 304
Discontinued operations, net of income tax benefit 0 (1) 0 (3)
Net earnings $ 205 $ 147 $ 598 $ 301
Basic:        
Continuing operations (in dollars per share) $ 1.19 $ 0.87 $ 3.47 $ 1.95
Discontinued operations (in dollars per share) 0.00 (0.01) 0.00 (0.02)
Basic earnings per common share (in dollars per share) 1.19 0.86 3.47 1.93
Diluted:        
Continuing operations (in dollars per share) 1.16 0.84 3.39 1.90
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.02)
Diluted earnings per common share (in dollars per share) $ 1.16 $ 0.84 $ 3.39 $ 1.88