VOYA Financial Inc Just Filed Its Quarterly Report: Earnings per Common ...

Earnings per Common Share

The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated:
 
Three Months Ended March 31,
(in millions, except for per share data)
2019
 
2018
Earnings
 
 
 
Net income (loss) available to common shareholders:
 
 
 
Income (loss) from continuing operations
$
152

 
$
17

Less: Preferred stock dividends
10

 

Less: Net income (loss) attributable to noncontrolling interest
(1
)
 

Income (loss) from continuing operations available to common shareholders
143

 
17

Income (loss) from discontinued operations, net of tax
(79
)
 
429

Net income (loss) available to common shareholders
$
64

 
$
446

 
 
 
 
Weighted average common shares outstanding
 
 
 
Basic
146.9

 
172.3

Dilutive Effects:
 
 
 
Warrants(1)

 
1.5

RSU awards
1.5

 
2.0

PSU awards
2.4

 
1.8

Stock Options
0.5

 
0.8

Diluted
151.3

 
178.4

 
 
 
 
Basic(2)
 
 
 
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders
$
0.97

 
$
0.10

Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders
$
(0.54
)
 
$
2.49

Income (loss) available to Voya Financial, Inc.'s common shareholders
$
0.44

 
$
2.59

Diluted(2)
 
 
 
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders
$
0.95

 
$
0.10

Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders
$
(0.52
)
 
$
2.40

Income (loss) available to Voya Financial, Inc.'s common shareholders
$
0.42

 
$
2.50

(1) For the three months ended March 31, 2019, weighted average shares used for calculating basic and diluted earnings per share excludes the dilutive impact of warrants, as the inclusion of this equity instrument would be antidilutive to the earnings per share calculation due to "out of the moneyness" in the periods presented. For more information on warrants, see the Shareholders' Equity Note to these Condensed Consolidated Financial Statements.
(2) Basic and diluted earnings per share are calculated using unrounded, actual amounts. Therefore, the components of earnings per share may not sum to its corresponding total.

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

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