EARNINGS/(LOSS) PER SHARE

12 Months Ended

Dec. 31, 2022


12.			EARNINGS/(LOSS) PER SHARE

Basic earnings/(loss) per share (“EPS”)/(“LPS”) is calculated with reference to the weighted average number of common shares outstanding during the year.

The components of the numerator for the calculation of basic and diluted EPS/(LPS) are as follows:


	Year ended December 31,
(in thousands of $)	2022	2021	2020
Net income/(loss) net of non-controlling interests - continuing operations - basic and diluted	872,429	(175,960)	(93,991)
Net (loss)/income net of non-controlling interests - discontinued operations - basic and diluted	(84,656)	589,811	(179,566)

The components of the denominator for the calculation of basic and diluted EPS/(LPS) are as follows:


	Year ended December 31,
(in thousands)	2022	2021	2020
Basic:
Weighted average number of common shares outstanding	107,860	109,644	97,554

Dilutive:
Dilutive impact of share options and RSUs (1)	682	—	—
Weighted average number of common shares outstanding	108,542	109,644	97,554

EPS/(LPS) per share are as follows:


	Year ended December 31,
	2022		2021		2020
Basic EPS/(LPS) from continuing operations	$	8.09	$	(1.60)	$	(0.96)
Diluted EPS/(LPS) from continuing operations (1)	$	8.04	$	(1.60)	$	(0.96)
Basic and diluted EPS from discontinued operations	$	(0.79)	$	5.38	$	(1.84)

(1) The effects of stock awards and convertible bonds have been excluded from the calculation of diluted EPS/LPS from continuing operations for the years ended December 31, 2021 and 2020 because the effects were anti-dilutive.