ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Earnings Per Share

v3.21.2
Note 19 - Earnings Per Share
6 Months Ended
Jun. 30, 2021
Notes to Financial Statements Ìý
Earnings Per Share [Text Block]

19. EARNINGS PER SHARE

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Basic earnings per share excludes dilution and is computed by dividing net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted earnings per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities.

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Basic and diluted earnings per share is determined using the following information (in millions):

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Ìý Ìý

Three months

Ìý Ìý

Six months

Ìý
Ìý Ìý

ended

Ìý Ìý

ended

Ìý
Ìý Ìý

June 30,

Ìý Ìý

June 30,

Ìý
Ìý Ìý

2021

Ìý Ìý

2020

Ìý Ìý

2021

Ìý Ìý

2020

Ìý

Numerator:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Basic and diluted income (loss) from continuing operations:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Income (loss) from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

Ìý $ 155 Ìý Ìý $ (67 ) Ìý $ 237 Ìý Ìý $ (139 )

Basic and diluted net income:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

Ìý $ 156 Ìý Ìý $ (62 ) Ìý $ 239 Ìý Ìý $ 643 Ìý

Denominator:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Weighted average shares outstanding

Ìý Ìý 220.9 Ìý Ìý Ìý 219.7 Ìý Ìý Ìý 220.6 Ìý Ìý Ìý 221.4 Ìý

Dilutive shares:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Stock-based awards

Ìý Ìý 2.0 Ìý Ìý Ìý â€� Ìý Ìý Ìý 2.1 Ìý Ìý Ìý â€� Ìý

Total weighted average shares outstanding, including dilutive shares

Ìý Ìý 222.9 Ìý Ìý Ìý 219.7 Ìý Ìý Ìý 222.7 Ìý Ìý Ìý 221.4 Ìý

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Additional stock-based awards of approximately 1.0Ìýmillion and 6.6Ìýmillion weighted average equivalent shares of stock were outstanding during the three months ended June 30, 2021 and 2020, respectively, and approximately 1.4Ìýand 6.3 million weighted average shares of stock were outstanding during the six months ended June 30, 2021 and 2020, respectively.ÌýHowever, these stock-based awards were not included in the computation of diluted earnings per share for the three and six months ended June 30, 2021 and 2020Ìýbecause the effect would be anti-dilutive.

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