Summary
Centene Corporation's (CNC) 10-Q filing for the period ending June 30, 2011, reveals a company actively engaged in growth and operational management. The report details the company's financial position, including its balance sheets, statements of operations, and cash flows for the first half of the year. Investors should note the significant details within the Management's Discussion and Analysis (MD&A) section, which provides context on the company's performance, financial condition, and outlook. The filing also addresses legal proceedings and risk factors, offering transparency into potential challenges and the company's strategies for managing them.
Financial Highlights
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Financial Statements
Beta
| Revenue | $1.32B |
| Operating Expenses | $1.26B |
| Operating Income | $55.30M |
| Interest Expense | $5.26M |
| Net Income | $28.37M |
| EPS (Basic) | $0.14 |
| EPS (Diluted) | $0.14 |
| Shares Outstanding (Basic) | 200.67M |
| Shares Outstanding (Diluted) | 209.96M |
Key Highlights
- 1The filing includes unaudited Consolidated Balance Sheets as of June 30, 2011, and December 31, 2010, providing a snapshot of the company's assets, liabilities, and equity.
- 2Consolidated Statements of Operations for the three and six months ended June 30, 2011 and 2010 are presented, allowing for year-over-year and sequential performance comparisons.
- 3Consolidated Statements of Cash Flows for the six months ended June 30, 2011 and 2010 are available, detailing the sources and uses of cash.
- 4The Management's Discussion and Analysis (MD&A) section is a key component, offering insights into the company's operating results, liquidity, capital resources, and critical accounting estimates.
- 5Item 1A. Risk Factors highlights potential challenges and uncertainties that could impact Centene's business, financial condition, or results of operations.
- 6Item 1. Legal Proceedings discloses any significant ongoing legal matters that could have a financial impact on the company.
- 7The filing covers the standard financial statements and related notes, crucial for understanding the company's financial health and operational performance.
Frequently Asked Questions
This 10-Q filing includes unaudited Consolidated Balance Sheets, Consolidated Statements of Operations for the three and six months ended June 30, 2011 and 2010, a Consolidated Statement of Stockholders' Equity as of June 30, 2011, and Consolidated Statements of Cash Flows for the six months ended June 30, 2011 and 2010.
The Management's Discussion and Analysis of Financial Condition and Results of Operations (Item 2) is the primary section for understanding Centene's performance, liquidity, capital resources, and overall financial health.
The Risk Factors section (Item 1A) details potential risks and uncertainties that could affect Centene's business. Investors should review this section for a comprehensive understanding of these challenges.
Item 1. Legal Proceedings will outline any material ongoing legal matters that Centene Corporation is involved in, which could have a financial or operational impact.