Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Premium and service revenues $ 28,114 $ 24,172
Premium tax and health insurer fee 1,869 1,853
Total revenues 29,983 26,025
Expenses:    
Medical costs 23,391 20,420
Cost of services 1,048 825
Selling, general and administrative expenses 2,367 2,384
Amortization of acquired intangible assets 195 166
Premium tax expense 1,928 1,625
Health insurer fee expense 0 345
Impairment 0 72
Total operating expenses 28,929 25,837
Earnings from operations 1,054 188
Other income (expense):    
Investment and other income 103 167
Debt extinguishment costs (46) (44)
Interest expense (170) (180)
Earnings before income tax expense 941 131
Income tax expense 244 85
Net earnings 697 46
Loss attributable to noncontrolling interests 2 0
Net earnings attributable to Centene Corporation $ 699 $ 46
Net earnings per common share attributable to Centene Corporation:    
Basic earnings per common share (in dollars per share) $ 1.20 $ 0.08
Diluted earnings per common share (in dollars per share) $ 1.19 $ 0.08
Weighted average number of common shares outstanding:    
Basic (in shares) 581,869 544,436
Diluted (in shares) 589,343 552,062
Premium    
Revenues:    
Premium and service revenues $ 26,933 $ 23,214
Service    
Revenues:    
Premium and service revenues $ 1,181 $ 958