CENTENE CORPORATION CNC Income Statement

Centene corporation (CNC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues:
Premium and service revenues
70,364	56,435	45,620	37,579	21,265	15,667	10,526	7,682	5,051	4,283	3,878	3,274
Premium tax and health insurer fee
4,275	3,681	2,762	3,028	1,495	893	337	428	159	164	224	90
Total revenues
74,639	60,116	48,382	40,607	22,760	16,560	10,863	8,110	5,211	4,448	4,102	3,364
Expenses:
Medical costs
58,862	46,057	37,851	30,636	17,242	12,678	8,995	6,781	4,191	3,584	3,230	2,640
Cost of services
2,465	2,386	1,847	1,864	1,621	1,280	327	88	78	63	60	56
Selling, general and administrative expenses
6,533	6,043	4,446	3,673	1,802	1,298	931	677	577	477	447	444
Amortization of acquired intangible assets
258	211	156	147	24	16	-	-	-	-	-	-
Premium tax expense
4,469	3,252	2,883	2,563	1,151	698	333	428	160	165	225	90
Health insurer fee expense
0	709	0	461	215	126	0	0	-	-	-	-
Goodwill and Intangible Asset Impairment
271	0	0	-	-	-	-	-	-	-	-	-
Impairment loss
-	-	-	-	-	-	-	28	0	0	-	-
Total operating expenses
72,858	58,658	47,183	39,344	22,055	16,096	10,586	8,002	5,007	4,291	3,964	3,232
Earnings from operations
1,781	1,458	1,199	1,263	705	464	277	108	203	157	138	131
Other income (expense):
Investment and other income
443	253	190	114	35	28	19	35	13	15	15	21
Debt extinguishment costs
-30	0	0	-	-	-	-	-	-8	0	-	-
Interest expense
412	343	255	217	43	35	27	20	20	17	16	16
Earnings from operations, before income tax expense
1,782	1,368	1,134	1,160	697	457	269	123	188	154	137	136
Income tax expense
473	474	326	599	339	196	107	47	70	59	48	52
Earnings from continuing operations, net of income tax expense
-	-	-	-	358	261	162	76	117	94	88	84
Discontinued operations, net of income tax expense (benefit)
-	-	-	-	-1	3	4	-87	-9	3	-2	-0
Net earnings
1,309	894	808	561	357	264	166	-11	108	98	86	83
Loss attributable to noncontrolling interests
-12	-6	-20	-1	2	-7	1	-13	-2	3	2	0
Net earnings attributable to Centene Corporation
1,321	900	828	562	355	271	165	2	111	94	83	83
Amounts attributable to Centene Corporation common shareholders:
Earnings from continuing operations, net of income tax expense
-	-	-	-	356	268	161	89	120	90	86	84
Discontinued operations, net of income tax expense (benefit)
-	-	-	-	-1	3	4	-87	-9	3	-2	-0
Net earnings
1,321	900	828	562	355	271	165	2	111	94	83	83
Earnings Per Share [Abstract]
Basic:
Continuing operations (in usd per share)
-	-	-	-	2.99	2.30	1.49	0.86	2.40	1.87	2.00	1.95
Discontinued operations (in usd per share)
-	-	-	-	-0.01	0.03	0.03	-0.84	-0.18	0.08	-0.06	-0.02
Basic earnings per common share (in dollars per share)
3.19	2.31	2.40	1.76	2.98	2.33	1.52	0.02	2.22	1.95	1.94	1.93
Diluted:
Continuing operations (in usd per share)
-	-	-	-	2.89	2.23	1.43	0.83	2.30	1.80	1.94	1.90
Discontinued operations (in usd per share)
-	-	-	-	-0.01	0.02	0.04	-0.81	-0.18	0.08	-0.05	-0.02
Diluted earnings per common share (in dollars per share)
3.14	2.26	2.34	1.71	2.88	2.25	1.47	0.02	2.12	1.88	1.89	1.88
Weighted average number of common shares outstanding:
Basic (in shares)
413	390	344	-	-	116	108	103	50	48	43	43
Diluted (in shares)
420	398	353	-	-	120	112	107	52	50	44	44
Premium
Premium and service revenues
67,439	53,629	43,353	35,399	19,389	14,198	10,153	7,569	4,948	4,192	3,786	3,199
Service
Premium and service revenues
2,925	2,806	2,267	2,180	1,876	1,469	373	113	103	91	91	74