CENTENE CORP - CNC Annual Report (10-K) INCOME STATEMENT

The following is an excerpt from a 10-K SEC Filing, filed by CENTENE CORP on 2/24/2005.

CENTENE CORP - 10-K - 20050224 - INCOME_STATEMENT

CENTENE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except share data)


	Year Ended December 31,
	2004			2003			2002
Revenues:
Premiums	$	991,673		$	759,763		$	461,030
Services		9,267			9,967			457

Total revenues		1,000,940			769,730			461,487


Expenses:
Medical costs		800,476			626,192			379,468
Cost of services		8,065			8,323			341
General and administrative expenses		127,863			88,288			50,072

Total operating expenses		936,404			722,803			429,881

Earnings from operations		64,536			46,927			31,606
Other income (expense):
Investment and other income		6,431			5,160			9,575
Interest expense		(680	)		(194	)		(45	)

Earnings before income taxes		70,287			51,893			41,136
Income tax expense		25,975			19,504			15,631
Minority interest		—			881			116

Net earnings	$	44,312		$	33,270		$	25,621


Earnings per share:
Basic earnings per common share	$	1.09		$	0.93		$	0.82
Diluted earnings per common share	$	1.02		$	0.87		$	0.73
Weighted average number of shares outstanding:
Basic		40,820,909			35,704,426			31,432,080
Diluted		43,616,445			38,422,152			34,932,232