Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.1
Earnings Per Share
3 Months Ended
Mar. 31, 2020
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 per share data in dollars and shares in thousands):
 
Three Months Ended March 31,
 
2020
 
2019
 
 
 
 
Earnings attributable to Centene Corporation
$
46

 
$
522

 
 
 
 
Shares used in computing per share amounts:
 

 
 
Weighted average number of common shares outstanding
544,436

 
412,924

Common stock equivalents (as determined by applying the treasury stock method)
7,626

 
6,828

Weighted average number of common shares and potential dilutive common shares outstanding
552,062

 
419,752

 
 
 
 
Net earnings per common share attributable to Centene Corporation:
Basic earnings per common share
$
0.08

 
$
1.26

Diluted earnings per common share
$
0.08

 
$
1.24



The calculation of diluted earnings per common share for the three months ended March 31, 2020 and March 31, 2019 excludes the impact of 400 thousand and 1,400 thousand shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.