eBay Inc. Just Filed Its Quarterly Report: Net Income Per Share...

Net Income Per Share

Basic net income per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. The dilutive effect of outstanding options and equity incentive awards is reflected in diluted net income per share by application of the treasury stock method. The calculation of diluted net income per share excludes all anti-dilutive common sh ares. The following table sets forth the computation of basic and diluted net income per share for the three and six months ended June 30, 2021 and 2020 (in millions, except per share amounts):
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2021202020212020
Numerator:
Income from continuing operations$294 $689 $862 $1,110 
Income from discontinued operations, net of income taxes10,440 57 10,513 3,048 
Net income$10,734 $746 $11,375 $4,158 
Denominator:
Weighted average shares of common stock - basic674 703 678 728 
Dilutive effect of equity incentive awards11 11 
Weighted average shares of common stock - diluted685 711 689 734 
Income per share - basic:
Continuing operations$0.44 $0.98 $1.27 $1.53 
Discontinued operations15.48 0.08 15.52 4.18 
Net income per share - basic$15.92 $1.06 $16.79 $5.71 
Income per share - diluted:
Continuing operations$0.43 $0.97 $1.25 $1.51 
Discontinued operations15.25 0.08 15.27 4.16 
Net income per share - diluted$15.68 $1.05 $16.52 $5.67 
Common stock equivalents excluded from income per diluted share because their effect would have been anti-dilutive

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

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Other recent filings from the company include the following:

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