Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Premium and service revenues $ 15,355 $ 11,421 $ 40,786 $ 34,027
Premium tax and health insurer fee 827 477 2,771 1,549
Total revenues 16,182 11,898 43,557 35,576
Expenses:        
Medical costs 12,626 9,543 33,045 28,278
Cost of services 622 437 1,823 1,334
Selling, general and administrative expenses 1,934 1,030 4,487 3,186
Amortization of acquired intangible assets 65 38 149 117
Premium tax expense 716 510 2,451 1,643
Health insurer fee expense 178 0 532 0
Total operating expenses 16,141 11,558 42,487 34,558
Earnings from operations 41 340 1,070 1,018
Other income (expense):        
Investment and other income 80 51 186 137
Interest expense (97) (65) (245) (189)
Earnings from operations, before income tax expense 24 326 1,011 966
Income tax expense 8 125 358 381
Net earnings 16 201 653 585
Loss attributable to noncontrolling interests 3 4 6 13
Net earnings attributable to Centene Corporation $ 19 $ 205 $ 659 $ 598
Net earnings per common share attributable to Centene Corporation:        
Basic earnings per common share (in dollars per share) $ 0.09 $ 1.19 $ 3.44 $ 3.47
Diluted earnings per common share (in dollars per share) $ 0.09 $ 1.16 $ 3.37 $ 3.39
Premium        
Revenues:        
Premium and service revenues $ 14,623 $ 10,850 $ 38,639 $ 32,393
Service        
Revenues:        
Premium and service revenues $ 732 $ 571 $ 2,147 $ 1,634