Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.2.2
Earnings Per Share
9 Months Ended
Sep. 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 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,
  2022 2021 2022 2021
Earnings attributable to Centene Corporation $ 738  $ 584  $ 1,415  $ 748 
Shares used in computing per share amounts:  
Weighted average number of common shares outstanding 573,961  583,244  580,277  582,636 
Common stock equivalents (as determined by applying the treasury stock method) 6,646  7,458  6,807  7,518 
Weighted average number of common shares and potential dilutive common shares outstanding 580,607  590,702  587,084  590,154 
   
Net earnings per common share attributable to Centene Corporation:
Basic earnings per common share $ 1.29  $ 1.00  $ 2.44  $ 1.28 
Diluted earnings per common share $ 1.27  $ 0.99  $ 2.41  $ 1.27 

The calculation of diluted earnings per common share for the three months ended September 30, 2022 and 2021 excludes 152 thousand shares and 111 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, 2022 and 2021 excludes the impact of 193 thousand shares and 57 thousand shares, respectively, related to anti-dilutive stock options, restricted stock, and restricted stock units.