Visteon Corporation Just Filed Its Quarterly Report: Earnings Per ShareBa...

Earnings Per Share
Basic earnings per share is calculated by dividing net income attributable to Visteon by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of common and potentially dilutive common shares outstanding. Performance based share units are considered contingently issuable shares, and are included in the computation of diluted earnings per share based on the number of shares that would be issuable if the reporting date were the end of the contingency period and if the result would be dilutive.
The table below provides details underlying the calculations of basic and diluted earnings per share:
 
Three Months Ended September 30
 
Nine Months Ended
September 30
 
2018
 
2017
 
2018
 
2017
 
(In Millions, Except Per Share Amounts)
Numerator:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Visteon
$
20

 
$
43

 
$
119

 
$
143

Net income from discontinued operations attributable to Visteon
1

 

 
2

 
8

Net income attributable to Visteon
$
21

 
$
43

 
$
121

 
$
151

Denominator:
 
 
 
 
 
 
 
Average common stock outstanding - basic
29.3

 
31.2

 
29.8

 
31.8

Dilutive effect of performance based share units and other
0.2

 
0.6

 
0.3

 
0.5

Diluted shares
29.5

 
31.8

 
30.1

 
32.3

Basic and Diluted Per Share Data:
 
 
 
 
 
 
 
Basic earnings per share attributable to Visteon:
 
 
 
 
 
 
 
Continuing operations
$
0.68

 
$
1.38

 
$
3.99

 
$
4.50

Discontinued operations
0.03

 

 
0.07

 
0.25

 
$
0.71

 
$
1.38

 
$
4.06

 
$
4.75

Diluted earnings per share attributable to Visteon:
 
 
 
 
 
 
 
Continuing operations
$
0.68

 
$
1.35

 
$
3.95

 
$
4.43

Discontinued operations
0.03

 

 
0.07

 
0.25

 
$
0.71

 
$
1.35

 
$
4.02

 
$
4.68

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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