ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 18 - Earnings Per Share

v3.23.1
Note 18 - Earnings Per Share
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements Ìý
Earnings Per Share [Text Block]

18. EARNINGS PER SHARE

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

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

Ìý

Ìý Ìý

Three months

Ìý
Ìý Ìý

ended

Ìý
Ìý Ìý

March 31,

Ìý
Ìý Ìý

2023

Ìý Ìý

2022

Ìý

Numerator:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

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

Ìý $ 31 Ìý Ìý $ 205 Ìý

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

Ìý $ 153 Ìý Ìý $ 223 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Denominator:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Weighted average shares outstanding

Ìý Ìý 182.7 Ìý Ìý Ìý 212.7 Ìý

Dilutive shares:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Stock-based awards

Ìý Ìý 1.7 Ìý Ìý Ìý 2.7 Ìý

Total weighted average shares outstanding, including dilutive shares

Ìý Ìý 184.4 Ìý Ìý Ìý 215.4 Ìý

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Additional stock-based awards of approximately 1.5Ìýmillion and 0.4Ìýmillion weighted average equivalent shares of stock were outstanding during the three months ended March 31, 2023 and 2022, respectively.ÌýHowever, these stock-based awards were not included in the computation of diluted income per share for the respective periods mentioned above because the effect would be anti-dilutive.

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