← CENTENE CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $40.6b $48.4b $56.4b $70.4b $103.8b $118.0b $135.5b $140.1b $145.5b $174.6b
Revenues:
Revenue from Contract with Customer, Including Assessed Tax — — — — — — — $154.0b $163.1b $194.8b
Cost of Revenue $35.7b $42.7b $2.4b $2.5b $3.3b $4.9b $7.0b $3.6b $2.7b $2.7b
Gross Profit $4.9b $5.6b $54.0b $67.9b $100.5b $113.1b $128.4b $17.6b $17.1b $14.2b
Total operating expenses $39.3b $47.2b $58.7b $72.9b $108.0b $124.2b $143.2b $151.1b $159.9b $202.4b
Operating Income (Loss) $1.3b $1.2b $1.5b $1.8b $3.1b $1.8b $1.3b $2.9b $3.2b ($7.6b)
Premium and service revenues $37.6b $45.6b $56.4b $70.4b $103.8b $118.0b $135.5b $140.1b $145.5b $174.6b
Amortization of Intangible Assets $147.0m $156.0m $211.0m $258.0m $719.0m $770.0m $817.0m $718.0m $692.0m $685.0m
Amortization of acquired intangible assets $147.0m $156.0m $211.0m $258.0m $719.0m $770.0m $817.0m $718.0m $692.0m $685.0m
Basic (in shares) $159.6m $344.9m $390.2m $413.5m $570.7m $582.8m $575.2m $543.3m $521.8m $493.1m
Debt extinguishment — — $0 ($30.0m) ($61.0m) ($125.0m) $30.0m $0 $0 $1.0m
Diluted (in shares) $164.0m $353.4m $398.5m $420.4m $579.1m $590.5m $582.0m $545.7m $523.7m $493.1m
Earnings (loss) before income tax — — — $1.8b $2.8b $1.8b $2.0b $3.6b $4.3b ($6.7b)
Earnings (loss) from operations $1.3b $1.2b $1.5b $1.8b $3.1b $1.8b $1.3b $2.9b $3.2b ($7.6b)
Goodwill, Impairment Loss — — — $259.0m $9.0m — $370.0m $392.0m — —
Impairment — — $0 $271.0m $72.0m $229.0m $2.3b $529.0m $13.0m $7.3b
Income (Loss) from Continuing Operations, Per Basic Share $4 $5 — — — — — — — —
Income (Loss) from Continuing Operations, Per Diluted Share $3 $5 — — — — — — — —
Income (Loss) from Equity Method Investments $5.0m $3.0m — — — — — — — —
Investment and other income $114.0m $190.0m $253.0m $443.0m $480.0m $819.0m $1.3b $1.4b $1.8b $1.6b
Loss attributable to noncontrolling interests $1.0m $20.0m $6.0m $12.0m $14.0m $11.0m $0 $3.0m $11.0m $3.0m
Net earnings (loss) $561.0m $808.0m $894.0m $1.3b $1.8b $1.3b $1.2b $2.7b $3.3b ($6.7b)
Net earnings (loss) attributable to Centene Corporation $562.0m $828.0m $900.0m $1.3b $1.8b $1.3b $1.2b $2.7b $3.3b ($6.7b)
Premium tax $3.0b $2.8b $3.7b $4.3b $7.3b $8.0b $9.1b $13.9b $17.6b $20.2b
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — $1.8b $2.8b $1.8b $2.0b $3.6b $4.3b ($6.7b)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $559.0m $828.0m — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $558.0m $808.0m — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $3.0m $0 — — — — — — — —
Policyholder Benefits and Claims Incurred, Net — — — — — — — — $125.7b $157.7b
Premiums Earned, Net $35.4b $43.4b — — — — — — — —
Net Income (Loss) Attributable to Parent $562.0m $828.0m $900.0m $1.3b $1.8b $1.3b $1.2b $2.7b $3.3b ($6.7b)
Net Income (Loss) Attributable to Noncontrolling Interest ($1.0m) ($20.0m) ($6.0m) ($12.0m) ($14.0m) ($11.0m) $0 ($3.0m) ($11.0m) ($3.0m)
Earnings Per Share, Basic $1.76 $2.40 $1.16 $3.19 $3.17 $2.31 $2.09 $4.97 $6.33 ($13.53)
Earnings Per Share, Diluted $1.72 $2.35 $1.13 $3.14 $3.12 $2.28 $2.07 $4.95 $6.31 ($13.53)
Weighted Average Number of Shares Outstanding, Basic 319.1m 344.9m 780.5m 413.5m 570.7m 582.8m 575.2m 543.3m 521.8m 493.1m
Weighted Average Number of Shares Outstanding, Diluted 328.0m 353.4m 797.0m 420.4m 579.1m 590.5m 582.0m 545.7m 523.7m 493.1m
Expenses
Selling, General and Administrative Expense $3.7b $4.4b $6.0b $6.5b $9.9b $10.2b $11.6b $12.6b $12.4b $12.9b
Selling, general and administrative expenses $3.7b $4.4b $6.0b $6.5b $9.9b $10.2b $11.6b $12.6b $12.4b $12.9b
Cost of services $1.9b $1.8b $2.4b $2.5b $3.3b $4.9b $7.0b $3.6b $2.7b $2.7b
Costs and Expenses $39.3b $47.2b $58.7b $72.9b $108.0b $124.2b $143.2b $151.1b $159.9b $202.4b
Depreciation expense — — — — $487.0m $565.0m $614.0m $575.0m $549.0m $590.0m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $30.6b $37.9b $46.1b $58.9b $86.3b $98.6b $111.5b $118.6b $125.9b $157.8b
Medical costs $30.6b $37.9b $46.1b $58.9b $86.3b $98.6b $111.5b $118.9b $125.7b $157.7b
Operating Lease, Expense — — — $203.0m $341.0m $390.0m $429.0m $349.0m $108.0m $99.0m
Other Cost and Expense, Operating — — — — — — — — $31.5b $42.0b
Other Nonoperating Income (Expense) — — — — — — — — $1.1b $895.0m
Premium tax expense $2.6b $2.9b $3.3b $4.5b $6.3b $8.3b $9.3b $14.2b $17.8b $20.5b
Interest Expense $217.0m $255.0m $343.0m $412.0m $728.0m $665.0m $665.0m $725.0m ($702.0m) ($678.0m)
Interest Expense (non-operating) — — — — — — — — $702.0m $678.0m
Current Income Tax Expense (Benefit) $507.0m $435.0m $605.0m $422.0m $1.1b $628.0m $1.4b $966.0m $940.0m $8.0m
Income tax (benefit) expense $599.0m $326.0m $474.0m $473.0m $979.0m $477.0m $760.0m $899.0m $963.0m ($51.0m)
Income Tax Expense (Benefit) $599.0m $326.0m $474.0m $473.0m $979.0m $477.0m $760.0m $899.0m $963.0m ($51.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.