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
9 Months Ended
Sep. 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

Nine months

Ìý
Ìý Ìý

ended

Ìý Ìý

ended

Ìý
Ìý Ìý

September 30,

Ìý Ìý

September 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 $ 214 Ìý Ìý $ 48 Ìý Ìý $ 451 Ìý Ìý $ (91 )

Basic and diluted net income:

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

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

Ìý $ 209 Ìý Ìý $ 48 Ìý Ìý $ 448 Ìý Ìý $ 691 Ìý

Denominator:

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

Weighted average shares outstanding

Ìý Ìý 219.4 Ìý Ìý Ìý 219.8 Ìý Ìý Ìý 220.2 Ìý Ìý Ìý 220.8 Ìý

Dilutive shares:

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

Stock-based awards

Ìý Ìý 1.9 Ìý Ìý Ìý 1.5 Ìý Ìý Ìý 2.0 Ìý Ìý Ìý â€� Ìý

Total weighted average shares outstanding, including dilutive shares

Ìý Ìý 221.3 Ìý Ìý Ìý 221.3 Ìý Ìý Ìý 222.2 Ìý Ìý Ìý 220.8 Ìý

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Additional stock-based awards of approximately 1.0Ìýmillion and 3.8Ìýmillion weighted average equivalent shares of stock were outstanding during the three months ended September 30, 2021 and 2020, respectively, and approximately 1.5Ìýmillion and 6.1Ìýmillion weighted average shares of stock were outstanding during the nineÌýmonths ended September 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 nineÌýmonths ended SeptemberÌý30, 2021 and 2020Ìýbecause the effect would be anti-dilutive.

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