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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Premium and service revenues $ 117,983 $ 103,800 $ 70,364
Premium tax and health insurer fee 7,999 7,315 4,275
Total revenues 125,982 111,115 74,639
Expenses:      
Medical costs 98,602 86,264 58,862
Cost of services 4,894 3,303 2,465
Selling, general and administrative expenses 10,166 9,867 6,533
Amortization of acquired intangible assets 770 719 258
Premium tax expense 8,287 6,332 4,469
Health insurer fee expense 0 1,476 0
Impairment 229 72 271
Legal settlement 1,250 0 0
Total operating expenses 124,198 108,033 72,858
Earnings from operations 1,784 3,082 1,781
Other income (expense):      
Investment and other income 819 480 443
Debt extinguishment costs (125) (61) (30)
Interest expense (665) (728) (412)
Earnings before income tax expense 1,813 2,773 1,782
Income tax expense 477 979 473
Net earnings 1,336 1,794 1,309
Loss attributable to noncontrolling interests 11 14 12
Net earnings attributable to Centene Corporation $ 1,347 $ 1,808 $ 1,321
Net earnings per common share attributable to Centene Corporation:      
Basic earnings per common share (in usd per share) $ 2.31 $ 3.17 $ 3.19
Diluted earnings per common share (in usd per share) $ 2.28 $ 3.12 $ 3.14
Weighted average number of common shares outstanding:      
Basic (in shares) 582,832 570,722 413,487
Diluted (in shares) 590,516 579,135 420,409
Premium      
Revenues:      
Premium and service revenues $ 112,319 $ 100,055 $ 67,439
Service      
Revenues:      
Premium and service revenues $ 5,664 $ 3,745 $ 2,925