Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Premium $ 10,153,460 $ 7,568,889 $ 4,948,137
Service 372,580 112,742 103,765
Premium and service revenues 10,526,040 7,681,631 5,051,902
Premium tax 337,289 428,665 159,575
Total revenues 10,863,329 8,110,296 5,211,477
Expenses:      
Medical costs 8,994,641 6,781,081 4,191,268
Cost of services 326,924 87,705 78,114
General and administrative expenses 931,137 677,157 577,898
Premium tax expense 333,210 428,354 160,394
Impairment loss 0 28,033 0
Total operating expenses 10,585,912 8,002,330 5,007,674
Earnings from operations 277,417 107,966 203,803
Other income (expense):      
Investment and other income 18,457 35,285 13,355
Debt extinguishment costs 0 0 (8,488)
Interest expense (26,957) (20,460) (20,320)
Earnings from continuing operations, before income tax expense 268,917 122,791 188,350
Income tax expense 107,080 47,412 70,687
Earnings from continuing operations, net of income tax expense 161,837 75,379 117,663
Net earnings (loss) 165,718 (11,295) 108,363
Noncontrolling interest 619 (13,154) (2,855)
Net earnings attributable to Centene Corporation 165,099 1,859 111,218
Amounts attributable to Centene Corporation common shareholders:      
Earnings from continuing operations, net of income tax expense 161,218 88,533 120,518
Discontinued operations, net of income tax expense (benefit) 3,881 (86,674) (9,300)
Net earnings $ 165,099 $ 1,859 $ 111,218
Basic:      
Continuing operations $ 2.98 $ 1.72 $ 2.40
Discontinued operations $ 0.07 $ (1.68) $ (0.18)
Basic earnings per common share $ 3.05 $ 0.04 $ 2.22
Diluted:      
Continuing operations $ 2.87 $ 1.65 $ 2.30
Discontinued operations $ 0.07 $ (1.62) $ (0.18)
Diluted earnings per common share $ 2.94 $ 0.03 $ 2.12
Weighted average number of common shares outstanding:      
Basic 54,126,545 51,509,366 50,198,954
Diluted 56,247,173 53,714,375 52,474,238