Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.2
Earnings Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
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.