Centene Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Jun. 30, 2021

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,
	2021		2020		2021		2020

Earnings (loss) attributable to Centene Corporation	$	(535)	$	1,206	$	164	$	1,252

Shares used in computing per share amounts:
Weighted average number of common shares outstanding	582,804		579,189		582,331		561,623
Common stock equivalents (as determined by applying the treasury stock method)	—		8,309		7,468		7,936
Weighted average number of common shares and potential dilutive common shares outstanding	582,804		587,498		589,799		569,559

Net earnings (loss) per common share attributable to Centene Corporation:
Basic earnings (loss) per common share	$	(0.92)	$	2.08	$	0.28	$	2.23
Diluted earnings (loss) per common share	$	(0.92)	$	2.05	$	0.28	$	2.20

The calculation of diluted loss per common share for the three months ended June 30, 2021 excludes 8 million shares related to stock options, restricted stock and restricted stock units as their effect would have been anti-dilutive due to the net loss for the quarter. The three months ended June 30, 2020 excludes the impact of 32 thousand shares related to anti-dilutive stock options, restricted stock and restricted stock units.

The calculation of diluted earnings per common share for the six months ended June 30, 2021 and 2020 excludes the impact of 32 thousand and 72 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.