Centene Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Operating results for the discontinued operations are as follows:



	Three Months Ended June 30,					Six Months Ended June 30,
	2014		2013			2014		2013
Revenues	$	—	$	115,407		$	—	$	235,816
Earnings (loss) before income taxes	3,141		(1,503		)	2,300		(792		)
Net earnings (loss)	1,680		(805		)	847		(442		)

The net earnings from discontinued operations for the three and six months ended June 30, 2014 includes $894 and $1,788, respectively, of health insurer fee expense based on 2013 premium.

Assets and liabilities of the discontinued operations are as follows:



	June 30, 2014		December 31, 2013
Current assets	$	72,839	$	77,512
Long term investments and restricted deposits	26,430		38,305
Assets of discontinued operations	$	99,269	$	115,817

Medical claims liability	$	14,251	$	27,637
Accounts payable and accrued expenses	10,391		2,657
Other liabilities	451		1,028
Liabilities of discontinued operations	$	25,093	$	31,322

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details