| Quarterly Selected Financial Information |
Quarterly Selected Financial Information
(In thousands, except share data and membership data)
(Unaudited)
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For the Quarter Ended |
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March 31,
2013
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June 30,
2013
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September 30,
2013
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December 31,
2013
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Total revenues |
$ |
2,525,482 |
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$ |
2,610,538 |
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$ |
2,795,569 |
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$ |
2,931,740 |
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Amounts attributable to Centene Corporation common shareholders: |
Earnings from continuing operations, net of income tax expense |
$ |
22,639 |
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$ |
40,289 |
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$ |
50,325 |
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$ |
47,965 |
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Discontinued operations, net of income tax expense (benefit) |
363 |
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(805 |
) |
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(952 |
) |
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5,275 |
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Net earnings |
$ |
23,002 |
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$ |
39,484 |
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$ |
49,373 |
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$ |
53,240 |
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Net earnings (loss) per common share attributable to Centene Corporation: |
Basic: |
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Continuing operations |
$ |
0.43 |
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$ |
0.74 |
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$ |
0.92 |
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$ |
0.87 |
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Discontinued operations |
0.01 |
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(0.02 |
) |
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(0.02 |
) |
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0.10 |
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Basic earnings per common share |
$ |
0.44 |
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$ |
0.72 |
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$ |
0.90 |
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$ |
0.97 |
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Diluted: |
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Continuing operations |
$ |
0.41 |
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$ |
0.71 |
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$ |
0.88 |
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$ |
0.84 |
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Discontinued operations |
0.01 |
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0.01 |
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(0.01 |
) |
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0.09 |
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Diluted earnings per common share |
$ |
0.42 |
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$ |
0.72 |
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$ |
0.87 |
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$ |
0.93 |
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Health Benefits Ratio |
90.2 |
% |
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88.4 |
% |
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87.8 |
% |
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88.1 |
% |
General & Administrative Expense Ratio |
8.4 |
% |
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8.9 |
% |
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9.1 |
% |
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8.9 |
% |
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Period end at-risk membership |
2,553,400 |
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2,563,400 |
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2,612,500 |
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2,723,200 |
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For the Quarter Ended |
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March 31,
2012 |
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June 30,
2012 |
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September 30,
2012 |
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December 31,
2012 |
Total revenues |
$ |
1,562,809 |
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$ |
1,967,362 |
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$ |
2,308,075 |
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$ |
2,272,050 |
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Amounts attributable to Centene Corporation common shareholders: |
Earnings (loss) from continuing operations, net of income tax expense (benefit) |
$ |
27,072 |
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$ |
(16,656 |
) |
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$ |
59,438 |
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$ |
18,679 |
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Discontinued operations, net of income tax benefit |
(3,094 |
) |
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(18,343 |
) |
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(55,619 |
) |
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(9,618 |
) |
Net earnings (loss) |
$ |
23,978 |
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$ |
(34,999 |
) |
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$ |
3,819 |
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$ |
9,061 |
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Net earnings (loss) per common share attributable to Centene Corporation: |
Basic: |
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Continuing operations |
$ |
0.53 |
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$ |
(0.32 |
) |
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$ |
1.15 |
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$ |
0.36 |
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Discontinued operations |
(0.06 |
) |
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(0.36 |
) |
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(1.08 |
) |
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(0.19 |
) |
Basic earnings per common share |
$ |
0.47 |
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$ |
(0.68 |
) |
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$ |
0.07 |
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$ |
0.17 |
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Diluted: |
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Continuing operations |
$ |
0.51 |
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$ |
(0.32 |
) |
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$ |
1.10 |
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$ |
0.35 |
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Discontinued operations |
(0.06 |
) |
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(0.36 |
) |
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(1.03 |
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(0.18 |
) |
Diluted earnings per common share |
$ |
0.45 |
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$ |
(0.68 |
) |
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$ |
0.07 |
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$ |
0.17 |
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Health Benefits Ratio |
87.1 |
% |
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91.2 |
% |
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88.7 |
% |
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90.7 |
% |
General & Administrative Expense Ratio |
10.4 |
% |
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8.5 |
% |
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8.4 |
% |
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8.4 |
% |
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Period end at-risk membership |
2,003,800 |
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2,254,000 |
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2,357,600 |
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2,424,500 |
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