Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v2.3.0.15
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data
3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:        
Premium $ 1,239,464 $ 1,060,559 $ 3,640,829 $ 3,085,802
Service 25,817 20,954 81,629 68,543
Premium and service revenues 1,265,281 1,081,513 3,722,458 3,154,345
Premium tax 36,754 40,348 110,948 113,009
Total revenues 1,302,035 1,121,861 3,833,406 3,267,354
Expenses:        
Medical costs 1,028,586 893,281 3,021,400 2,592,324
Cost of services 20,229 14,646 60,717 47,505
General and administrative expenses 167,668 132,095 496,674 401,072
Premium tax 37,005 41,591 111,668 114,885
Total operating expenses 1,253,488 1,081,613 3,690,459 3,155,786
Earnings from operations 48,547 40,248 142,947 111,568
Other income (expense):        
Investment and other income 2,697 713 9,379 11,912
Debt extinguishment costs     (8,488)  
Interest expense (4,572) (4,858) (15,523) (12,540)
Earnings from continuing operations, before income tax expense 46,672 36,103 128,315 110,940
Income tax expense 18,459 13,163 49,216 42,942
Earnings from continuing operations, net of income tax expense 28,213 22,940 79,099 67,998
Discontinued operations, net of income tax expense of $0, $26, $0 and $4,376, respectively   260   3,954
Net earnings 28,213 23,200 79,099 71,952
Noncontrolling interest (loss) (774) 538 (2,007) 2,515
Net earnings attributable to Centene Corporation 28,987 22,662 81,106 69,437
Amounts attributable to Centene Corporation common stockholders:        
Earnings from continuing operations, net of income tax expense 28,987 22,402 81,106 65,483
Discontinued operations, net of income tax expense   260   3,954
Net earnings $ 28,987 $ 22,662 $ 81,106 $ 69,437
Basic:        
Continuing operations $ 0.58 $ 0.46 $ 1.62 $ 1.35
Discontinued operations       $ 0.08
Earnings per common share $ 0.58 $ 0.46 $ 1.62 $ 1.43
Diluted:        
Continuing operations $ 0.55 $ 0.44 $ 1.55 $ 1.30
Discontinued operations       $ 0.08
Earnings per common share $ 0.55 $ 0.44 $ 1.55 $ 1.38
Weighted average number of shares outstanding:        
Basic 50,345,512 49,238,406 50,089,845 48,552,135
Diluted 52,620,350 50,938,357 52,320,906 50,192,190