Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Premium and service revenues $ 16,838 $ 12,556
Premium tax and health insurer fee 1,606 638
Total revenues 18,444 13,194
Expenses:    
Medical costs 13,882 10,039
Cost of services 544 543
Selling, general and administrative expenses 1,609 1,316
Amortization of acquired intangible assets 65 39
Premium tax expense 1,659 546
Health insurer fee expense 0 171
Total operating expenses 17,759 12,654
Earnings from operations 685 540
Other income (expense):    
Investment and other income 99 41
Interest expense (99) (68)
Earnings from operations, before income tax expense 685 513
Income tax expense 166 175
Net earnings 519 338
Loss attributable to noncontrolling interests 3 2
Net earnings attributable to Centene Corporation $ 522 $ 340
Net earnings per common share attributable to Centene Corporation:    
Basic earnings per common share (in dollars per share) $ 1.26 $ 0.98
Diluted earnings per common share (in dollars per share) $ 1.24 $ 0.96
Weighted average number of common shares outstanding:    
Basic (in shares) 412,924 347,843
Diluted (in shares) 419,752 355,380
Premium    
Revenues:    
Premium and service revenues $ 16,203 $ 11,903
Service    
Revenues:    
Premium and service revenues $ 635 $ 653