CENTENE CORPORATION CNC Income Statement

Centene corporation (CNC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Premium and service revenues
77,698	70,364	68,001	65,141	60,717	56,435	52,379	48,445	47,011	45,620	44,704	43,498	42,333	37,579	32,759	28,007	22,915	21,265	19,823	18,519	17,076	15,667	14,111	12,678	11,456	10,526	9,411	8,897	8,440	7,682	7,266	6,319	5,536	5,051	4,851	4,668	4,440	4,283	4,141	3,991	0	0	0
Premium tax and health insurer fee
4,522	4,275	4,334	4,400	4,649	3,681	3,984	3,634	2,841	2,762	2,783	2,937	3,045	3,028	2,239	1,966	1,667	1,495	1,359	1,194	1,155	893	656	532	341	337	359	525	482	428	382	183	171	159	162	166	155	164	163	231	0	0	0
Total revenues
82,220	74,639	72,335	69,541	65,366	60,116	56,363	52,079	49,852	48,382	47,487	46,435	45,378	40,607	34,998	29,973	24,582	22,760	21,182	19,713	18,231	16,560	14,767	13,210	11,797	10,863	9,770	9,423	8,923	8,110	7,649	6,503	5,707	5,211	5,014	4,834	4,595	4,448	4,305	4,223	0	0	0
Expenses:
Medical costs
65,400	58,862	56,654	53,874	49,900	46,057	42,618	39,535	38,568	37,851	36,842	35,675	34,647	30,636	26,839	22,896	18,692	17,242	16,060	15,017	13,796	12,678	11,505	10,409	9,583	8,995	7,993	7,736	7,492	6,781	6,470	5,486	4,655	4,191	4,083	3,923	3,723	3,584	3,395	3,257	0	0	0
Cost of services
2,746	2,465	2,341	2,344	2,387	2,386	2,336	2,151	1,949	1,847	1,812	1,879	1,938	1,864	1,773	1,682	1,586	1,621	1,579	1,493	1,440	1,280	1,043	816	543	327	239	161	89	88	84	82	81	78	77	71	66	63	63	63	0	0	0
Selling, general and administrative expenses
7,308	6,533	6,356	6,673	6,336	6,043	5,747	4,843	4,671	4,446	4,248	4,158	4,042	3,673	3,122	2,640	2,128	1,802	1,638	1,514	1,398	1,298	1,206	1,121	1,023	931	840	772	717	677	663	625	599	577	503	492	483	477	531	528	0	0	0
Amortization of acquired intangible assets
359	258	256	256	237	211	188	161	155	156	169	174	178	147	101	64	26	24	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premium tax expense
4,435	4,469	4,388	4,282	4,365	3,252	3,691	3,485	2,839	2,883	2,746	2,748	2,703	2,563	1,817	1,579	1,320	1,151	1,000	887	901	698	562	470	308	333	356	523	482	428	382	183	171	160	161	166	155	165	166	233	0	0	0
Health insurer fee expense
345	0	177	355	538	709	532	354	171	0	128	257	387	461	387	312	234	215	193	171	150	126	94	62	31	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and Intangible Asset Impairment
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
Total operating expenses
80,936	72,858	70,443	67,784	63,763	58,658	55,112	50,529	48,353	47,183	45,945	44,891	43,895	39,344	34,039	29,173	23,986	22,055	20,504	19,110	17,708	16,096	14,411	12,879	11,490	10,586	9,430	9,194	8,809	8,002	7,628	6,406	5,508	5,007	4,825	4,654	4,429	4,291	4,156	4,082	0	0	0
Earnings from operations
1,284	1,781	1,892	1,757	1,603	1,458	1,251	1,550	1,499	1,199	1,542	1,544	1,483	1,263	959	800	596	705	678	603	523	464	355	331	307	277	340	228	113	108	20	96	198	203	188	180	166	157	149	140	0	0	0
Other income (expense):
Investment and other income
511	443	384	366	311	253	239	210	190	190	171	153	140	114	88	63	41	35	37	35	32	28	23	22	19	19	15	34	33	35	36	16	14	13	12	10	11	15	15	19	0	0	0
Debt extinguishment costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-
Interest expense
493	412	397	395	374	343	311	279	261	255	264	256	246	217	153	107	66	43	42	40	38	35	31	29	27	27	25	24	21	20	19	18	19	20	20	21	19	17	16	15	0	0	0
Earnings from operations, before income tax expense
1,228	1,782	1,879	1,728	1,540	1,368	1,179	1,481	1,428	1,134	1,449	1,441	1,377	1,160	894	756	571	697	673	598	517	457	347	324	299	269	330	238	125	123	38	93	185	188	171	161	158	154	148	144	0	0	0
Income tax expense
392	473	531	460	465	474	303	420	414	326	608	652	670	599	477	395	292	339	323	263	224	196	141	146	127	107	126	84	49	47	15	43	68	70	66	60	61	59	55	53	0	0	0
Earnings from continuing operations, net of income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	417	361	279	358	350	335	293	261	206	178	172	162	0	0	0	-	-	-	-	-	-	-	-	94	93	90	0	0	0
Discontinued operations, net of income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-2	-1	-1	1	1	3	3	7	5	2	4	0	0	0	-	-	-	-	-	-	-	-	3	2	1	0	0	0
Net earnings
836	1,309	1,348	1,268	1,075	894	876	1,061	1,014	808	844	791	708	561	413	359	278	357	351	336	296	264	214	184	175	166	115	67	-10	-11	13	41	108	108	105	100	96	98	95	91	0	0	0
Loss attributable to noncontrolling interests
-9	-12	-5	-9	-7	-6	-13	-14	-15	-20	-15	-10	-9	-1	1	1	2	2	0	-4	-5	-7	-2	-0	0	1	-5	-8	-11	-13	-9	-6	-3	-2	-1	0	2	3	5	3	0	0	0
Net earnings attributable to Centene Corporation
845	1,321	1,353	1,277	1,082	900	889	1,075	1,029	828	859	801	717	562	412	358	276	355	351	340	301	271	217	184	174	165	121	75	1	2	22	48	111	111	106	100	94	94	90	88	0	0	0
Amounts attributable to Centene Corporation common shareholders:
Earnings from continuing operations, net of income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	416	360	277	356	350	339	298	268	209	179	172	161	0	0	0	-	-	-	-	-	-	-	-	90	88	86	0	0	0
Discontinued operations, net of income tax expense (benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-2	-1	-1	1	1	3	3	7	5	2	4	0	0	0	-	-	-	-	-	-	-	-	3	2	1	0	0	0
Net earnings
845	1,321	1,353	1,277	1,082	900	889	1,075	1,029	828	859	801	717	562	412	358	276	355	351	340	301	271	217	184	174	165	121	75	1	2	22	48	111	111	106	100	94	94	90	88	0	0	0
Earnings Per Share [Abstract]
Basic:
Continuing operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.87	1.00	-0.12	0.94	0.77	0.74	0.54	0.90	0.69	0.41	0.30	-0.60	0.92	0.74	0.43	-	-	-	-	-	-	-	-	0.52	0.46	0.46	0.43	0.53	0.48
Discontinued operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	-0.01	-0.01	0.01	0.00	-0.01	0.02	0.01	0.01	-0.01	0.06	-0.02	-0.02	0.01	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.08	-0.04	-0.01
Basic earnings per common share (in dollars per share)
0.08	0.50	0.23	1.20	1.26	0.51	0.05	0.77	0.98	-1.07	1.19	1.47	0.81	0.03	0.86	1.00	-0.13	0.93	0.78	0.74	0.53	0.92	0.70	0.42	0.29	-0.54	0.90	0.72	0.44	0.16	0.07	-0.68	0.47	0.59	0.58	0.57	0.48	0.52	0.46	0.46	0.51	0.49	0.47
Diluted:
Continuing operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.84	0.98	-0.12	0.90	0.75	0.72	0.52	0.88	0.67	0.39	0.29	-0.57	0.88	0.71	0.41	-	-	-	-	-	-	-	-	0.50	0.44	0.45	0.41	0.51	0.47
Discontinued operations (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.01	-0.01	-0.01	0.01	0.00	-0.01	0.00	0.01	0.02	-0.01	0.05	-0.01	-0.01	0.01	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.08	-0.03	-0.01
Diluted earnings per common share (in dollars per share)
0.08	0.49	0.23	1.18	1.24	0.50	0.05	0.75	0.96	-1.05	1.16	1.44	0.79	0.03	0.84	0.97	-0.13	0.89	0.76	0.72	0.51	0.88	0.68	0.41	0.28	-0.52	0.87	0.70	0.42	0.18	0.07	-0.68	0.45	0.57	0.55	0.54	0.46	0.50	0.44	0.45	0.49	0.48	0.46
Weighted average number of common shares outstanding:
Basic (in shares)
544	414	413	413	412	411	410	391	347	-	-	-	-	-	-	-	125	-	119	119	118	117	117	115	114	271	54	54	52	257	51	51	51	50	50	50	49	49	49	49	47	43	43
Diluted (in shares)
552	422	419	419	419	420	419	398	355	-	-	-	-	-	-	-	125	-	123	122	122	121	121	119	118	282	56	56	54	270	53	51	53	52	52	52	51	51	50	50	48	44	44
Premium
Premium and service revenues
74,450	67,439	65,219	62,370	57,929	53,629	49,599	45,826	44,618	43,353	42,493	41,268	40,051	35,399	30,714	26,072	21,076	19,389	17,990	16,787	15,426	14,198	12,919	11,753	10,835	10,153	9,131	8,701	8,322	7,569	7,160	6,216	5,430	4,948	4,747	4,568	4,345	4,192	4,045	3,894	0	0	0
Service
Premium and service revenues
3,248	2,925	2,782	2,771	2,788	2,806	2,780	2,619	2,393	2,267	2,211	2,230	2,282	2,180	2,045	1,935	1,839	1,876	1,833	1,732	1,650	1,469	1,191	925	620	373	280	196	117	113	106	103	105	103	104	99	95	91	95	96	0	0	0