Centene ups earnings 121% in Q4
- Centene (CNC -0.1%) Q4 results: Revenues: $4,725M (+61.2%); COGS: $345M (+219.4%); SG&A: $364M (+42.2%); Operating Income: $194M (+128.2%); Net Income: $106M (+120.8%); EPS: $1.74 (+107.1%); CF Ops:$369M.
- FY2014 results: Revenues: $16,560M (+52.4%); COGS: $1,280M (+291.4%); SG&A: $1314M (+41.1%); Operating Income: $464M (+67.5%); Net Income: $268M (+66.5%); EPS: $4.45 (+55.1%); Quick Assets: $1564M (60.6%); CF Ops: $1,223M (+220.2%).
- Health Benefits Ratio: 89.3% (+1.4%); FY2014: 89.3% (+0.8%).
- Total Membership: 4,060,900 (+41.0%); Medicaid: 2,754,900 (+34.1%).
- 2015 Guidance: Premium and service revenues: $20,300M - 20,800M; EPS: $5.05 - 5.35; Health Benefits Ratio: 89.2 - 89.6%; G&A expense ratio: 8.0 - 8.4%; effective tax rate: 48.0 - 50.0%.
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