Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.1
Earnings Per Share
3 Months Ended
Mar. 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 ($ in millions, except shares in thousands and per share data in dollars):
 
Three Months Ended March 31,
 
2019
 
2018
 
 
 
 
Earnings attributable to Centene Corporation
$
522

 
$
340

 
 
 
 
Shares used in computing per share amounts:
 

 
 
Weighted average number of common shares outstanding
412,924

 
347,843

Common stock equivalents (as determined by applying the treasury stock method)
6,828

 
7,537

Weighted average number of common shares and potential dilutive common shares outstanding
419,752

 
355,380

 
 
 
 
Net earnings per common share attributable to Centene Corporation:
Basic earnings per common share
$
1.26

 
$
0.98

Diluted earnings per common share
$
1.24

 
$
0.96



The calculation of diluted earnings per common share for the three months ended March 31, 2019 and 2018 excludes the impact of 1.4 million and 9 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.