Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Premium and service revenues $ 34,232 $ 28,114
Premium tax 2,953 1,869
Total revenues 37,185 29,983
Expenses:    
Medical costs 27,838 23,391
Cost of services 1,988 1,048
Selling, general and administrative expenses 2,745 2,234
Depreciation expense 156 133
Amortization of acquired intangible assets 199 195
Premium tax expense 3,006 1,928
Total operating expenses 35,932 28,929
Earnings from operations 1,253 1,054
Other income (expense):    
Investment and other income 52 103
Debt extinguishment 3 (46)
Interest expense (160) (170)
Earnings before income tax expense 1,148 941
Income tax expense 296 244
Net earnings 852 697
(Earnings) loss attributable to noncontrolling interests (3) 2
Net earnings attributable to Centene Corporation $ 849 $ 699
Net earnings per common share attributable to Centene Corporation:    
Basic earnings per common share (in dollars per share) $ 1.46 $ 1.20
Diluted earnings per common share (in dollars per share) $ 1.44 $ 1.19
Weighted average number of common shares outstanding:    
Basic (in shares) 583,230 581,869
Diluted (in shares) 590,658 589,343
Premium    
Revenues:    
Premium and service revenues $ 31,889 $ 26,933
Service    
Revenues:    
Premium and service revenues $ 2,343 $ 1,181