v3.24.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Premium and service revenues $ 36,899 $ 34,967 $ 109,209 $ 104,757
Premium tax 5,124 3,075 13,057 9,782
Total revenues 42,023 38,042 122,266 114,539
Expenses:        
Medical costs 32,201 29,479 93,898 88,260
Cost of services 692 856 2,041 2,603
Selling, general and administrative expenses 3,057 3,048 9,169 9,075
Depreciation expense 140 148 408 436
Amortization of acquired intangible assets 173 180 519 542
Premium tax expense 5,095 3,156 13,218 10,021
Impairment 0 440 13 478
Total operating expenses 41,358 37,307 119,266 111,415
Earnings from operations 665 735 3,000 3,124
Other income (expense):        
Investment and other income 432 214 1,440 992
Interest expense (176) (181) (530) (542)
Earnings before income tax 921 768 3,910 3,574
Income tax expense 211 293 896 914
Net earnings 710 475 3,014 2,660
(Earnings) loss attributable to noncontrolling interests 3 (6) 8 (3)
Net earnings attributable to Centene Corporation $ 713 $ 469 $ 3,022 $ 2,657
Net earnings per common share attributable to Centene Corporation:        
Basic earnings per common share (in dollars per share) $ 1.37 $ 0.87 $ 5.71 $ 4.86
Diluted earnings per common share (in dollars per share) $ 1.36 $ 0.87 $ 5.69 $ 4.85
Weighted average number of common shares outstanding:        
Basic (in shares) 521,965 539,535 528,912 546,374
Diluted (in shares) 523,542 541,270 530,915 548,412
Premium        
Revenues:        
Premium and service revenues $ 36,115 $ 33,866 $ 106,784 $ 101,404
Service        
Revenues:        
Premium and service revenues $ 784 $ 1,101 $ 2,425 $ 3,353