Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.19.3.a.u2
Earnings Per Share
12 Months Ended
Dec. 31, 2019
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 for the years ended December 31 ($ in millions, except shares in thousands and per share data in dollars):
 
2019
 
2018
 
2017
 
 
 
 
 
 
Earnings attributable to Centene Corporation
$
1,321

 
$
900

 
$
828

 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
Weighted average number of common shares outstanding
413,487

 
390,248

 
344,853

Common stock equivalents (as determined by applying the treasury stock method)
6,922

 
8,258

 
8,551

Weighted average number of common shares and potential dilutive common shares outstanding
420,409

 
398,506

 
353,404

 
 
 
 
 
 
Net earnings per common share attributable to Centene Corporation:
 
 
 
 
 
Basic earnings per common share
$
3.19

 
$
2.31

 
$
2.40

Diluted earnings per common share
$
3.14

 
$
2.26

 
$
2.34



The calculation of diluted earnings per common share for 2019, 2018 and 2017 excludes the impact of 1,048 thousand shares, 58 thousand shares and 106 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.