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, 2022

The following table sets forth the calculation of basic and diluted net earnings (loss) 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,
	2022		2021		2022		2021

Earnings (loss) attributable to Centene Corporation	$	(172)	$	(535)	$	677	$	164

Shares used in computing per share amounts:
Weighted average number of common shares outstanding	583,644		582,804		583,435		582,331
Common stock equivalents (as determined by applying the treasury stock method)	—		—		6,791		7,468
Weighted average number of common shares and potential dilutive common shares outstanding	583,644		582,804		590,226		589,799

Net earnings (loss) per common share attributable to Centene Corporation:
Basic earnings (loss) per common share	$	(0.29)	$	(0.92)	$	1.16	$	0.28
Diluted earnings (loss) per common share	$	(0.29)	$	(0.92)	$	1.15	$	0.28

The calculation of diluted loss per common share for the three months ended June 30, 2022 and 2021 excludes 6 million shares and 8 million shares, respectively, 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 calculation of diluted earnings per common share for the six months ended June 30, 2022 and 2021 excludes the impact of 226 thousand shares and 32 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.