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, 2020
Mar. 31, 2019
Revenues:    
Premium and service revenues $ 24,172 $ 16,838
Premium tax and health insurer fee 1,853 1,606
Total revenues 26,025 18,444
Expenses:    
Medical costs 20,420 13,882
Cost of services 825 544
Selling, general and administrative expenses 2,384 1,609
Amortization of acquired intangible assets 166 65
Premium tax expense 1,625 1,659
Health insurer fee expense 345 0
Impairment 72 0
Total operating expenses 25,837 17,759
Earnings from operations 188 685
Other income (expense):    
Investment and other income 167 99
Debt extinguishment costs (44) 0
Interest expense (180) (99)
Earnings from operations, before income tax expense 131 685
Income tax expense 85 166
Net earnings 46 519
Loss attributable to noncontrolling interests 0 3
Net earnings attributable to Centene Corporation $ 46 $ 522
Net earnings per common share attributable to Centene Corporation:    
Basic earnings per common share (in dollars per share) $ 0.08 $ 1.26
Diluted earnings per common share (in dollars per share) $ 0.08 $ 1.24
Weighted average number of common shares outstanding:    
Basic (in shares) 544,436 412,924
Diluted (in shares) 552,062 419,752
Premium    
Revenues:    
Premium and service revenues $ 23,214 $ 16,203
Service    
Revenues:    
Premium and service revenues $ 958 $ 635