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Earnings per share ("EPS")
 12 Months Ended
Dec. 31, 2020
Earnings per share ("EPS")  
Earnings per share ("EPS")

Note 18 – Earnings per share (“EPS”)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

2019

  

 

    

 

 

    

Shares

    

 

Per Share

 

 

 

    

Shares

    

 

Per Share

 

 

 

 

Net income

 

(in millions)

 

 

Amount

 

 

Net income

 

(in millions)

 

 

Amount

 

Basic earnings per share

 

 

$

326.2

 

190.3

 

 

$

1.71

 

 

$

344.1

 

187.7

 

 

$

1.83

 

Effect of dilutive securities

 

 

 

—

 

0.4

 

 

 

 —

 

 

 

—

 

0.3

 

 

 

 —

 

Diluted earnings per share

 

 

$

326.2

 

190.7

 

 

$

1.71

 

 

$

344.1

 

188.0

 

 

$

1.83

 

 

For the year ended December 31, 2020, a weighted average of 3,534 stock options (2019  –1,143 stock options) was excluded in the computation of diluted EPS due to being anti-dilutive. Further, for the year ended December 31, 2019, a weighted average of 6,034 stock options was excluded due to the strike price exceeding the average share price during the year.  RSUs totaling 66,996  (2019 - 65,972 RSUs) were excluded from the computation of diluted EPS due to the performance criteria for the vesting of the RSUs not being measurable as at December 31, 2020.