Centene 10K 2016 Annual report | CNC Filing

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: AA, acknowledging, adapt, aforementioned, AHA, al, Alabama, allotment, altogether, American, anxiety, apportion, aspect, assembled, attack, bad, bathing, beneficiary, bidder, Bribery, broad, buyer, cap, carryforward, center, Centered, CFT, Christopher, CID, classification, climate, club, Codification, comprised, conclusion, concurrently, conference, congregate, content, contractor, copayment, CPL, CSR, cycle, daily, debarment, debarred, delegate, depression, Diego, discharge, disenrollment, dismissed, distressed, disturbance, diversification, divestiture, DMHC, DoD, dozen, dressing, driver, duty, East, efficacy, emotional, England, enrollee, EOA, EPO, estate, exacerbate, exacerbated, exertion, exhaustive, explain, explicit, extinguishment, faceted, faith, FCPA, feel, fined, foothold, footprint, forecasted, FPL, Franchise, geography, GPT, HCSP, HealthNet, Healthwise, highlighted, HNL, holistic, IDD, implicit, impracticable, inadequacy, inclusive, incomplete, increasingly, indefinite, indemnity, indeterminate, Indian, instability, institutionalized, Intermediate, Isaak, Joaquin, journey, Justice, Kern, launched, legislature, lessee, lessor, Library, light, linkage, Loan, Los, Mark, Maryland, MCO, MDOC, Memorandum, Mexico, MFLC, MHN, MHS, Military, Milliman, mind, MLR, MO, mobile, Modernization, modification, moratoria, MOU, myStrength, NAIC, Nevada, NHS, nonprofit, North, Obstructive, opt, outlined, pain, PCI, PCP, Pennsylvania, phase, PHN, Plaintiff, POS, PPO, predominance, prejudice, Presidential, principle, procure, procurement, prohibit, provisional, Pulmonary, punitive, purpose, RCO, readily, Readmission, real, reconciling, rehabilitation, remuneration, rendered, repeal, repealed, repository, requisite, residential, residual, resource, rollover, safety, San, seal, sequestration, shop, shortly, signature, silver, situation, solution, spectrum, stable, statute, step, stopped, submission, sue, Summit, supplementary, suspended, taxation, taxpayer, thereof, tier, timeline, TNE, today, TPG, transformative, transformed, transparency, TRICARE, trillion, TTM, Tulare, twelve, unaffiliated, unallowable, unassigned, unaudited, unchanged, undertook, undue, unfair, unpredictable, unsealed, Veteran, viability, violated, violation, waiver, web, worldwide, worship, writ, wrongdoing, XVIII, Zika, zone

Removed: ambulatory, aware, Baldwin, Bayou, Cabinet, calendar, Carol, CeltiCare, Chicago, Cleveland, consecutive, Cook, Dayton, deciding, denied, disclaim, dissatisfaction, DuPage, earn, experiencing, fluctuate, Goldman, governed, grouping, Guardian, IlliniCare, individually, intention, interaction, investor, joined, Kaiser, Kane, Kankakee, KSHP, Lake, Lastly, Leader, leading, leveraging, LHC, LLC, maker, manager, MassHealth, mature, met, MMA, Northeast, Northwest, opticare, refinanced, reject, resolved, retroactively, Rone, ruling, rural, Scheffel, Script, survey, TANF, Toledo, unsettled, unused, version, William



	Year Ended December 31,
	2016		2015			2014		2013			2012
Earnings:
Pre-tax earnings from continuing operations	$	1,157	$	697		$	457	$	269		$	123
Addback:
Fixed charges	262		65			50		37			29
Add (Subtract):
Noncontrolling interest	1		(2		)	7		(1		)	13
Interest capitalized	—		—			—		—			—
Total earnings	$	1,420	$	760		$	514	$	305		$	165

Fixed Charges:
Interest expensed and capitalized	$	217	$	43		$	35	$	27		$	20
Interest component of rental payments (1)	45		22			15		10			9
Total fixed charges	$	262	$	65		$	50	$	37		$	29

Ratio of earnings to fixed charges	5.4		11.7			10.3		8.2			5.7


(1) Estimated at 33% of rental expense as a reasonable approximation of the interest factor.

Centene (CNC) 10-K2016 FY Annual report

Content analysis