v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Premium $ 43,353 $ 35,399 $ 19,389
Service 2,267 2,180 1,876
Premium and service revenues 45,620 37,579 21,265
Premium tax and health insurer fee 2,762 3,028 1,495
Total revenues 48,382 40,607 22,760
Expenses:      
Medical costs 37,851 30,636 17,242
Cost of services 1,847 1,864 1,621
Selling, general and administrative expenses 4,446 3,676 1,802
Amortization of acquired intangible assets 156 147 24
Premium tax expense 2,883 2,563 1,151
Health insurer fee expense 0 461 215
Total operating expenses 47,183 39,347 22,055
Earnings from operations 1,199 1,260 705
Other income (expense):      
Investment and other income 190 114 35
Interest expense (255) (217) (43)
Earnings from continuing operations, before income tax expense 1,134 1,157 697
Income tax expense 326 599 339
Earnings from continuing operations, net of income tax expense 808 558 358
Discontinued operations, net of income tax expense (benefit) 0 3 (1)
Net earnings 808 561 357
(Earnings) loss attributable to noncontrolling interests 20 1 (2)
Net earnings 828 562 355
Amounts attributable to Centene Corporation common shareholders:      
Earnings from continuing operations, net of income tax expense 828 559 356
Discontinued operations, net of income tax expense (benefit) 0 3 (1)
Net earnings $ 828 $ 562 $ 355
Basic:      
Continuing operations (in usd per share) $ 4.80 $ 3.50 $ 2.99
Discontinued operations (in usd per share) 0.00 0.02 (0.01)
Basic earnings per common share (in usd per share) 4.80 3.52 2.98
Diluted:      
Continuing operations (in usd per share) 4.69 3.41 2.89
Discontinued operations (in usd per share) 0.00 0.02 (0.01)
Diluted earnings per common share (in usd per share) $ 4.69 $ 3.43 $ 2.88