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Earnings per share ("EPS")
 6 Months Ended
Jun. 30, 2020
Earnings per share ("EPS")  
Earnings per share ("EPS")

 

Note 16 – Earnings per share (“EPS”)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended June 30, 

  

 

 

2020

 

2019

  

 

    

 

 

    

Shares

    

 

Per Share

 

 

 

    

Shares

    

 

Per Share

 

 

 

 

Net income

 

(in millions)

 

 

Amount

 

 

Net income

 

(in millions)

 

 

Amount

 

Basic earnings per share

 

 

$

94.4

 

190.2

 

 

$

0.50

 

 

$

64.0

 

187.2

 

 

$

0.34

 

Effect of dilutive securities

 

 

 

—

 

0.4

 

 

 

 —

 

 

 

—

 

0.3

 

 

 

 —

 

Diluted earnings per share

 

 

$

94.4

 

190.6

 

 

$

0.50

 

 

$

64.0

 

187.5

 

 

$

0.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 

  

 

 

2020

 

2019

  

 

    

 

 

    

Shares

    

 

Per Share

 

 

 

    

Shares

    

 

Per Share

 

 

 

 

Net loss

 

(in millions)

 

 

Amount

 

 

Net income

 

(in millions)

 

 

Amount

 

Basic (loss) earnings per share

 

 

$

(4.4)

 

189.6

 

 

$

(0.02)

 

 

$

129.2

 

187.1

 

 

$

0.69

 

Effect of dilutive securities

 

 

 

—

 

 —

 

 

 

 —

 

 

 

—

 

0.3

 

 

 

 —

 

Diluted (loss) earnings per share

 

 

$

(4.4)

 

189.6

 

 

$

(0.02)

 

 

$

129.2

 

187.4

 

 

$

0.69

 

For the three months ended June 30, 2020, there were no stock options (Q1/2019 and H1/2019 – 251,613 stock options) excluded in the computation of diluted EPS due to being anti-dilutive. RSUs totaling 65,360 (Q1/2019 and H1/2019 - 69,442 RSUs) were excluded from the computation of diluted EPS for the three months ended June 30, 2020 due to the performance criteria for the vesting of the RSUs not being measurable as at June 30, 2020.