Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share

The following table sets forth the calculation of basic and diluted net earnings per common share ($ in millions, except per share data in dollars and shares in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
 
 
 
 
 
 
 
 
Earnings attributable to Centene Corporation
$
1,206

 
$
495

 
$
1,252

 
$
1,017

 
 
 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
 
 
Weighted average number of common shares outstanding
579,189

 
413,370

 
561,623

 
413,144

Common stock equivalents (as determined by applying the treasury stock method)
8,309

 
6,301

 
7,936

 
6,563

Weighted average number of common shares and potential dilutive common shares outstanding
587,498

 
419,671

 
569,559

 
419,707

 
 
 
 
 
 
 
 
Net earnings per common share attributable to Centene Corporation:
 
 
 
 
Basic earnings per common share
$
2.08

 
$
1.20

 
$
2.23

 
$
2.46

Diluted earnings per common share
$
2.05

 
$
1.18

 
$
2.20

 
$
2.42



The calculation of diluted earnings per common share for the three and six months ended June 30, 2020 excludes the impact of 32 thousand and 72 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, 2019 excludes the impact of 1,500 thousand and 1,400 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.