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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Premium and service revenues $ 34,967 $ 33,726 $ 104,757 $ 101,926
Premium tax 3,075 2,139 9,782 7,060
Total revenues 38,042 35,865 114,539 108,986
Expenses:        
Medical costs 29,479 28,111 88,260 83,261
Cost of services 856 1,571 2,603 5,658
Selling, general and administrative expenses 3,048 2,846 9,075 8,391
Depreciation expense 148 150 436 470
Amortization of acquired intangible assets 180 211 542 609
Premium tax expense 3,156 2,211 10,021 7,258
Impairment 440 289 478 1,739
Total operating expenses 37,307 35,389 111,415 107,386
Earnings from operations 735 476 3,124 1,600
Other income (expense):        
Investment and other income 214 692 992 786
Debt extinguishment 0 10 0 26
Interest expense (181) (169) (542) (491)
Earnings before income tax 768 1,009 3,574 1,921
Income tax expense 293 269 914 500
Net earnings 475 740 2,660 1,421
(Earnings) attributable to noncontrolling interests (6) (2) (3) (6)
Net earnings attributable to Centene Corporation $ 469 $ 738 $ 2,657 $ 1,415
Net earnings per common share attributable to Centene Corporation:        
Basic earnings per common share (in dollars per share) $ 0.87 $ 1.29 $ 4.86 $ 2.44
Diluted earnings per common share (in dollars per share) $ 0.87 $ 1.27 $ 4.85 $ 2.41
Weighted average number of common shares outstanding:        
Basic (in shares) 539,535 573,961 546,374 580,277
Diluted (in shares) 541,270 580,607 548,412 587,084
Premium        
Revenues:        
Premium and service revenues $ 33,866 $ 31,848 $ 101,404 $ 95,247
Service        
Revenues:        
Premium and service revenues $ 1,101 $ 1,878 $ 3,353 $ 6,679