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Condensed Financial Information Of Registrant (Tables) (Parent Company [Member])
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12 Months Ended |
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Dec. 31, 2013
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Parent Company [Member]
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| Condensed Balance Sheets |
Centene Corporation (Parent Company Only) Condensed Balance Sheets (In thousands, except share data) | | | | | | | | | | December 31, | | 2013 | | 2012 | ASSETS | | | | Current assets: | | | | Cash and cash equivalents | $ | 2,740 |
| | $ | 22,279 |
| Short term investments, at fair value (amortized cost $6,000 and $6,500, respectively) | 6,000 |
| | 6,500 |
| Other current assets | 124,903 |
| | 42,230 |
| Total current assets | 133,643 |
| | 71,009 |
| Long term investments, at fair value (amortized cost $8,070 and $1,356, respectively) | 8,070 |
| | 1,356 |
| Investment in subsidiaries | 1,667,258 |
| | 1,298,648 |
| Other long term assets | 31,876 |
| | 42,523 |
| Total assets | $ | 1,840,847 |
| | $ | 1,413,536 |
| | | | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | | Current liabilities | $ | 4,460 |
| | $ | 4,333 |
| Long term debt | 590,628 |
| | 449,127 |
| Other long term liabilities | 2,320 |
| | 6,309 |
| Total liabilities | 597,408 |
| | 459,769 |
| Stockholders' equity: | | | | Common stock, $.001 par value; authorized 100,000,000 shares; 58,673,215 issued and 55,319,239 outstanding at December 31, 2013, and 55,339,160 issued and 52,329,248 outstanding at December 31, 2012 | 59 |
| | 55 |
| Additional paid-in capital | 594,326 |
| | 450,856 |
| Accumulated other comprehensive income: | | | | Unrealized gain (loss) on investments, net of tax | (2,620 | ) | | 5,189 |
| Retained earnings | 731,919 |
| | 566,820 |
| Treasury stock, at cost (3,353,976 and 3,009,912 shares, respectively) | (89,643 | ) | | (69,864 | ) | Total Centene stockholders' equity | 1,234,041 |
| | 953,056 |
| Noncontrolling interest | 9,398 |
| | 711 |
| Total stockholders' equity | 1,243,439 |
| | 953,767 |
| Total liabilities and stockholders' equity | $ | 1,840,847 |
| | $ | 1,413,536 |
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| Condensed Statements Of Operations |
Centene Corporation (Parent Company Only) Condensed Statements of Operations (In thousands, except share data) | | | | | | | | | | | | | | Year Ended December 31, | | 2013 | | 2012 | | 2011 | Expenses: | | | | | | General and administrative expenses | $ | 4,196 |
| | $ | 4,090 |
| | $ | 4,488 |
| Other income (expense): | | | | | | Investment and other income | 983 |
| | 19,921 |
| | (8,790 | ) | Interest expense | (22,623 | ) | | (15,757 | ) | | (15,494 | ) | Earnings (loss) before income taxes | (25,836 | ) | | 74 |
| | (28,772 | ) | Income tax benefit | (15,191 | ) | | (9,668 | ) | | (12,825 | ) | Net earnings (loss) before equity in subsidiaries | (10,645 | ) | | 9,742 |
| | (15,947 | ) | Equity in earnings from subsidiaries | 171,863 |
| | 78,791 |
| | 136,465 |
| Net earnings from continuing operations | $ | 161,218 |
| | $ | 88,533 |
| | $ | 120,518 |
| | | | | | | Net earnings per share from continuing operations: | | | | | | Basic earnings per common share | $ | 2.98 |
| | $ | 1.72 |
| | $ | 2.40 |
| Diluted earnings per common share | $ | 2.87 |
| | $ | 1.65 |
| | $ | 2.30 |
| Weighted average number of shares outstanding: | | | | | | Basic | 54,126,545 |
| | 51,509,366 |
| | 50,198,954 |
| Diluted | 56,247,173 |
| | 53,714,375 |
| | 52,474,238 |
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| Condensed Statements Of Cash Flows |
Centene Corporation (Parent Company Only) Condensed Statements of Cash Flows (In thousands)
| | | | | | | | | | | | | | Year Ended December 31, | | 2013 | | 2012 | | 2011 | Cash flows from operating activities: | | | | | | Cash provided by operating activities | $ | 302,242 |
| | $ | 327,940 |
| | $ | 72,754 |
| Cash flows from investing activities: | | | | | | Net dividends from and capital contributions to subsidiaries | (417,734 | ) | | (539,575 | ) | | (50,581 | ) | Purchase of investments | (12,518 | ) | | (7,320 | ) | | (21,915 | ) | Sales and maturities of investments | 10,252 |
| | 30,000 |
| | 11,111 |
| Acquisitions | (67,070 | ) | | — |
| | (1,773 | ) | Net cash used in investing activities | (487,070 | ) | | (516,895 | ) | | (63,158 | ) | Cash flows from financing activities: | | | | | | Proceeds from borrowings | 180,000 |
| | 400,500 |
| | 419,183 |
| Payment of long term debt | (30,000 | ) | | (215,000 | ) | | (413,644 | ) | Proceeds from exercise of stock options | 8,983 |
| | 15,912 |
| | 15,815 |
| Proceeds from stock offering | 15,225 |
| | — |
| | — |
| Common stock repurchases | (19,779 | ) | | (12,741 | ) | | (7,809 | ) | Debt issue costs | (3,589 | ) | | (3,623 | ) | | (9,242 | ) | Contributions from noncontrolling interest | 8,069 |
| | 1,092 |
| | 813 |
| Purchase of noncontrolling interest | — |
| | (14,429 | ) | | — |
| Excess tax benefits from stock compensation | 6,380 |
| | 10,996 |
| | 4,435 |
| Net cash provided by financing activities | 165,289 |
| | 182,707 |
| | 9,551 |
| Net increase (decrease) in cash and cash equivalents | (19,539 | ) | | (6,248 | ) | | 19,147 |
| Cash and cash equivalents, beginning of period | 22,279 |
| | 28,527 |
| | 9,380 |
| Cash and cash equivalents, end of period | $ | 2,740 |
| | $ | 22,279 |
| | $ | 28,527 |
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