Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Premium $ 2,184,061 $ 1,239,464 $ 5,853,469 $ 3,640,829
Service 28,403 25,817 84,062 81,629
Premium and service revenues 2,212,464 1,265,281 5,937,531 3,722,458
Premium tax 235,657 36,754 333,484 110,948
Total revenues 2,448,121 1,302,035 6,271,015 3,833,406
Expenses:        
Medical costs 2,036,999 1,053,320 5,370,080 3,091,007
Cost of services 21,744 20,229 66,897 60,717
General and administrative expenses 181,073 142,934 512,322 427,067
Premium tax expense 235,946 37,005 333,872 111,668
Impairment loss 0 0 28,033 0
Total operating expenses 2,475,762 1,253,488 6,311,204 3,690,459
Earnings (loss) from operations (27,641) 48,547 (40,189) 142,947
Other income (expense):        
Investment and other income 23,244 2,697 32,580 9,379
Debt extinguishment costs 0 0 0 (8,488)
Interest expense (4,855) (4,572) (14,393) (15,523)
Earnings (loss) from operations, before income tax expense (9,252) 46,672 (22,002) 128,315
Income tax expense (benefit) (9,547) 18,459 (6,068) 49,216
Net earnings (loss) 295 28,213 (15,934) 79,099
Noncontrolling interest (3,524) (774) (8,732) (2,007)
Net earnings (loss) attributable to Centene Corporation $ 3,819 $ 28,987 $ (7,202) $ 81,106
Net earnings (loss) per common share attributable to Centene Corporation:        
Basic earnings (loss) per common share (in dollars per share) $ 0.07 $ 0.58 $ (0.14) $ 1.62
Diluted earnings (loss) per common share (in dollars per share) $ 0.07 $ 0.55 $ (0.14) $ 1.55
Weighted Average Number of Shares Outstanding        
Basic (in shares) 51,584,860 50,345,512 51,393,345 50,089,845
Diluted (in shares) 53,806,197 52,620,350 51,393,345 52,320,906