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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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| Revenues: | ||||
| Premium | $ 3,780,256 | $ 2,613,567 | $ 10,182,201 | $ 7,415,518 |
| Service | 378,833 | 112,497 | 1,070,036 | 251,290 |
| Premium and service revenues | 4,159,089 | 2,726,064 | 11,252,237 | 7,666,808 |
| Premium tax and health insurer fee | 192,772 | 69,504 | 583,212 | 264,781 |
| Total revenues | 4,351,861 | 2,795,568 | 11,835,449 | 7,931,589 |
| Expenses: | ||||
| Medical costs | 3,390,090 | 2,293,616 | 9,092,644 | 6,582,445 |
| Cost of services | 327,232 | 100,479 | 935,404 | 218,844 |
| General and administrative expenses | 333,878 | 249,028 | 950,432 | 675,783 |
| Premium tax expense | 160,744 | 68,453 | 491,691 | 262,188 |
| Health insurer fee expense | 31,985 | 0 | 94,640 | 0 |
| Total operating expenses | 4,243,929 | 2,711,576 | 11,564,811 | 7,739,260 |
| Earnings from operations | 107,932 | 83,992 | 270,638 | 192,329 |
| Other income (expense): | ||||
| Investment and other income | 5,676 | 4,757 | 17,652 | 13,099 |
| Interest expense | (9,282) | (6,603) | (24,909) | (20,261) |
| Earnings from continuing operations, before income tax expense | 104,326 | 82,146 | 263,381 | 185,167 |
| Income tax expense | 26,696 | 32,280 | 106,125 | 72,937 |
| Earnings from continuing operations, net of income tax expense | 77,630 | 49,866 | 157,256 | 112,230 |
| Discontinued operations, net of income tax expense (benefit) of $(142), $(620), $1,311, and $(970), respectively | 1,521 | (952) | 2,368 | (1,394) |
| Net earnings | 79,151 | 48,914 | 159,624 | 110,836 |
| Noncontrolling interest | (3,469) | (459) | (4,842) | (1,023) |
| Net earnings attributable to Centene Corporation | 82,620 | 49,373 | 164,466 | 111,859 |
| Earnings from continuing operations, net of income tax expense, attributable to Centene Corporation | $ 81,099 | $ 50,325 | $ 162,098 | $ 113,253 |
| Basic [Abstract] | ||||
| Continuing operations | $ 1.38 | $ 0.92 | $ 2.80 | $ 2.10 |
| Discontinued operations | $ 0.03 | $ (0.02) | $ 0.04 | $ (0.02) |
| Basic earnings per common share | $ 1.41 | $ 0.90 | $ 2.84 | $ 2.08 |
| Diluted [Abstract] | ||||
| Continuing operations | $ 1.34 | $ 0.88 | $ 2.70 | $ 2.02 |
| Discontinued operations | $ 0.02 | $ (0.01) | $ 0.04 | $ (0.02) |
| Diluted earnings per common share | $ 1.36 | $ 0.87 | $ 2.74 | $ 2.00 |
| Weighted Average Number of Common Shares Outstanding | ||||
| Basic | 58,613,484 | 54,679,660 | 57,956,152 | 53,863,779 |
| Diluted | 60,681,875 | 56,933,056 | 59,936,699 | 55,956,421 |
| X | ||||||||||
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- Details
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- Details
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- Definition
Health Insurer Fee Expense No definition available.
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- Definition
Premiums earned on the income statement for all insurance and reinsurance contracts after subtracting any amounts ceded to another insurer and adding premiums assumed from other insurers, plus aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Premium and service revenues exclude Premium Tax Revenue. No definition available.
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- Definition
Premium tax expense, similar assessments and provider pass through payments. No definition available.
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- Definition
Premium tax revenue, similar assessments and provider pass through payments. No definition available.
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- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income from investments (for example, dividends) not considered a component of the entity's core operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount, after effect of policies assumed or ceded, of expense related to provision for policy benefits and costs incurred for health insurance contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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