|
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2013
|
Sep. 30, 2012
|
Sep. 30, 2013
|
Sep. 30, 2012
|
|
| Revenues: | ||||
| Premium | $ 2,621,651 | $ 2,184,061 | $ 7,659,418 | $ 5,853,469 |
| Service | 112,497 | 28,403 | 251,290 | 84,062 |
| Premium and service revenues | 2,734,148 | 2,212,464 | 7,910,708 | 5,937,531 |
| Premium tax | 69,504 | 235,657 | 264,781 | 333,484 |
| Total revenues | 2,803,652 | 2,448,121 | 8,175,489 | 6,271,015 |
| Expenses: | ||||
| Medical costs | 2,298,881 | 2,036,999 | 6,810,892 | 5,370,080 |
| Cost of services | 100,479 | 21,744 | 218,844 | 66,897 |
| General and administrative expenses | 253,608 | 181,073 | 694,204 | 512,322 |
| Premium tax expense | 68,453 | 235,946 | 262,188 | 333,872 |
| Impairment loss | 0 | 0 | 0 | 28,033 |
| Total operating expenses | 2,721,421 | 2,475,762 | 7,986,128 | 6,311,204 |
| Earnings (loss) from operations | 82,231 | (27,641) | 189,361 | (40,189) |
| Other income (expense): | ||||
| Investment and other income | 4,946 | 23,244 | 13,703 | 32,580 |
| Interest expense | (6,603) | (4,855) | (20,261) | (14,393) |
| Earnings (loss) before income tax expense (benefit) | 80,574 | (9,252) | 182,803 | (22,002) |
| Income tax expense (benefit) | 31,660 | (9,547) | 71,967 | (6,068) |
| Net earnings (loss) | 48,914 | 295 | 110,836 | (15,934) |
| Noncontrolling interest | (459) | (3,524) | (1,023) | (8,732) |
| Net earnings (loss) attributable to Centene Corporation | $ 49,373 | $ 3,819 | $ 111,859 | $ (7,202) |
| Basic earnings (loss) per common share (in dollars per share) | $ 0.90 | $ 0.07 | $ 2.08 | $ (0.14) |
| Diluted earnings (loss) per common share (in dollars per share) | $ 0.87 | $ 0.07 | $ 2.00 | $ (0.14) |
| Weighted Average Number of Common Shares Outstanding | ||||
| Basic (in shares) | 54,679,660 | 51,584,860 | 53,863,779 | 51,393,345 |
| Diluted (in shares) | 56,933,056 | 53,806,197 | 55,956,421 | 51,393,345 |
| X | ||||||||||
|
- Definition
Loss recognized during the period that results from the write-down of goodwill after comparing the implied fair value of reporting unit goodwill with the carrying amount of that goodwill and the amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a finite-lived intangible asset to fair value. No definition available.
|
| X | ||||||||||
|
- Definition
Premiums earned on the income statement for all insurance and reinsurance contracts after subtracting any amounts ceded to another insurer and adding premiums assumed from other insurers, plus aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Premium and service revenues exclude Premium Tax Revenue. No definition available.
|
| X | ||||||||||
|
- Definition
Premium tax expense, similar assessments and provider pass through payments. No definition available.
|
| X | ||||||||||
|
- Definition
Premium tax revenue, similar assessments and provider pass through payments. No definition available.
|
| X | ||||||||||
|
- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The aggregate amount of income from investments (for example, dividends) not considered a component of the entity's core operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
|
- Definition
Provision for benefits, claims and claims settlement expenses incurred during the period for health care insurance contracts net of the effects of contracts assumed and ceded. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Premiums earned on the income statement for all insurance and reinsurance contracts after subtracting any amounts ceded to another insurer and adding premiums assumed from other insurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|