Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.8.0.1
Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Earnings (Loss) Per Common 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 in dollars):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Earnings attributable to Centene Corporation:
 
 
 
 
 
 
 
Earnings from continuing operations, net of tax
$
205

 
$
148

 
$
598

 
$
304

Discontinued operations, net of tax
—

 
(1
)
 
—

 
(3
)
Net earnings
$
205

 
$
147

 
$
598

 
$
301

 
 
 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
 
 
Weighted average number of common shares outstanding
172,508

 
170,775

 
172,314

 
155,681

Common stock equivalents (as determined by applying the treasury stock method)
4,407

 
4,720

 
4,100

 
4,376

Weighted average number of common shares and potential dilutive common shares outstanding
176,915

 
175,495

 
176,414

 
160,057

 
 
 
 
 
 
 
 
Net earnings (loss) per common share attributable to Centene Corporation:
Basic:
 
 
 
 
 
 
 
Continuing operations
$
1.19

 
$
0.87

 
$
3.47

 
$
1.95

Discontinued operations
—

 
(0.01
)
 
—

 
(0.02
)
Basic earnings per common share
$
1.19

 
$
0.86

 
$
3.47

 
$
1.93

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Continuing operations
$
1.16

 
$
0.84

 
$
3.39

 
$
1.90

Discontinued operations
—

 
—

 
—

 
(0.02
)
Diluted earnings per common share
$
1.16

 
$
0.84

 
$
3.39

 
$
1.88