CENTENE CORP Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Earnings (loss) attributable to Centene Corporation | $ | (6,674) | $ | 3,305 | $ | 2,702 | |||||||||||
| Shares used in computing per share amounts: | |||||||||||||||||
| Weighted average number of common shares outstanding | 493,116 | 521,790 | 543,319 | ||||||||||||||
| Common stock equivalents (as determined by applying the treasury stock method) | — | 1,954 | 2,385 | ||||||||||||||
| Weighted average number of common shares and potential dilutive common shares outstanding | 493,116 | 523,744 | 545,704 | ||||||||||||||
| Net earnings (loss) per common share attributable to Centene Corporation: | |||||||||||||||||
| Basic earnings (loss) per common share | $ | (13.53) | $ | 6.33 | $ | 4.97 | |||||||||||
| Diluted earnings (loss) per common share | $ | (13.53) | $ | 6.31 | $ | 4.95 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 17, 2026 | Showing above |
| 2017 | Feb 20, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.