Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.2.0.727
Earnings Per Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The following table sets forth the calculation of basic and diluted net earnings per common share ($ in millions, except per share data):

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Earnings attributable to Centene Corporation:
 
 
 
 
 
 
 
Earnings from continuing operations, net of tax
$
88

 
$
47

 
$
152

 
$
81

Discontinued operations, net of tax

 
2

 
(1
)
 
1

Net earnings
$
88

 
$
49

 
$
151

 
$
82

 
 
 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
 
 
Weighted average number of common shares outstanding
119,003,569

 
115,517,366

 
118,894,269

 
115,244,078

Common stock equivalents (as determined by applying the treasury stock method)
3,961,442

 
3,917,150

 
3,891,190

 
3,850,762

Weighted average number of common shares and potential dilutive common shares outstanding
122,965,011

 
119,434,516

 
122,785,459

 
119,094,840

 
 
 
 
 
 
 
 
Net earnings (loss) per common share attributable to Centene Corporation:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.74

 
$
0.41

 
$
1.28

 
$
0.70

Discontinued operations

 
0.01

 
(0.01
)
 
0.01

Basic earnings per common share
$
0.74

 
$
0.42

 
$
1.27

 
$
0.71

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.72

 
$
0.39

 
$
1.24

 
$
0.68

Discontinued operations

 
0.02

 
(0.01
)
 
0.01

Diluted earnings per common share
$
0.72

 
$
0.41

 
$
1.23

 
$
0.69



The calculation of diluted earnings per common share for the three and six months ended June 30, 2015 excludes the impact of 49,754 and 59,828 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units. The calculation of diluted earnings per common share for the three and six months ended June 30, 2014 excludes the impact of 103,710 shares and 111,088 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.