Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.21.2
Earnings Per Share
9 Months Ended
Sep. 30, 2021
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 September 30, Nine Months Ended September 30,
  2021 2020 2021 2020
Earnings attributable to Centene Corporation $ 584  $ 568  $ 748  $ 1,820 
Shares used in computing per share amounts:  
Weighted average number of common shares outstanding 583,244  579,510  582,636  567,586 
Common stock equivalents (as determined by applying the treasury stock method) 7,458  8,461  7,518  8,146 
Weighted average number of common shares and potential dilutive common shares outstanding 590,702  587,971  590,154  575,732 
   
Net earnings per common share attributable to Centene Corporation:
Basic earnings per common share $ 1.00  $ 0.98  $ 1.28  $ 3.21 
Diluted earnings per common share $ 0.99  $ 0.97  $ 1.27  $ 3.16 

The calculation of diluted earnings per common share for the three months ended September 30, 2021 and 2020 excludes the impact of 111 thousand and 64 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 nine months ended September 30, 2021 and 2020 excludes the impact of 57 thousand and 75 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.