Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Premium $ 5,077,242 $ 4,192,172 $ 3,786,525
Service 103,765 91,661 91,758
Premium and service revenues 5,181,007 4,283,833 3,878,283
Premium tax 159,575 164,490 224,581
Total revenues 5,340,582 4,448,323 4,102,864
Expenses:      
Medical costs 4,324,746 3,584,452 3,230,131
Cost of services 78,114 63,919 60,789
General and administrative expenses 587,004 477,765 447,921
Premium tax expense 160,394 165,118 225,888
Total operating expenses 5,150,258 4,291,254 3,964,729
Earnings from operations 190,324 157,069 138,135
Other income (expense):      
Investment and other income 13,369 15,205 15,691
Debt extinguishment costs (8,488)    
Interest expense (20,320) (17,992) (16,318)
Earnings from continuing operations, before income tax expense 174,885 154,282 137,508
Income tax expense 66,522 59,900 48,841
Earnings from continuing operations, net of income tax expense 108,363 94,382 88,667
Discontinued operations, net of income tax expense (benefit) of $0, $4,388 and $(1,204), respectively   3,889 (2,422)
Net earnings 108,363 98,271 86,245
Noncontrolling interest (2,855) 3,435 2,574
Net earnings attributable to Centene Corporation 111,218 94,836 83,671
Amounts attributable to Centene Corporation common shareholders:      
Earnings from continuing operations, net of income tax expense 111,218 90,947 86,093
Discontinued operations, net of income tax expense (benefit)   3,889 (2,422)
Net earnings $ 111,218 $ 94,836 $ 83,671
Basic:      
Continuing operations $ 2.22 $ 1.87 $ 2.00
Discontinued operations   $ 0.08 $ (0.06)
Basic earnings per common share $ 2.22 $ 1.95 $ 1.94
Diluted:      
Continuing operations $ 2.12 $ 1.80 $ 1.94
Discontinued operations   $ 0.08 $ (0.05)
Diluted earnings per common share $ 2.12 $ 1.88 $ 1.89
Weighted average number of common shares outstanding:      
Basic 50,198,954 48,754,947 43,034,791
Diluted 52,474,238 50,447,888 44,316,467