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Earnings per Share
 12 Months Ended
Dec. 31, 2018
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Earnings per Share

Note 23. Earnings per Share

Basic earnings per share amounts are calculated by dividing consolidated net income for the year attributable to controlling interest by the weighted average number of shares outstanding during the period adjusted for the weighted average of own shares purchased in the period.

Diluted earnings per share amounts are calculated by dividing consolidated net income for the year attributable to controlling interest by the weighted average number of shares outstanding during the period adjusted for the effects of dilutive potential shares (originated by the Company’s share-based payment program).

 

     2018     2017     2016  
     Per Series
“B” Shares		     Per Series “D”
Shares		     Per Series “B”
Shares		     Per Series “D”
Shares		     Per Series
“B” Shares		     Per Series “D”
Shares		  
(in millions of shares)                                     

Weighted average number of shares for basic earnings per share

      9,243.81       8,634.26       9,243.14       8,631.57       9,242.48       8,628.97  

Effect of dilution associated with non-vested shares for share based payment plans

      2.61       10.45       3.29       13.14       3.94       15.74  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average number of shares adjusted for the effect of dilution (Shares outstanding)

      9,246.42       8,644.71       9,246.42       8,644.71       9,246.42       8,644.71  

Dividend rights per series
(see Note 22.1)

      100 %      125 %      100 %      125 %      100 %      125 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average number of shares further adjusted to reflect dividend rights

      9,246.42       10,805.89       9,246.42       10,805.89       9,246.42       10,805.89  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Basic earnings per share from continuing operations

      1.13       1.41       2.04       2.55       1.05       1.32  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Basic earnings per share from discontinued operations

      0.07       0.09       0.08       0.10       —         —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Diluted earnings per share from continuing operations

      1.13       1.41       2.04       2.55       1.05       1.32  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Diluted earnings per share from discontinued operations

      0.07       0.09       0.08       0.10       —         —    
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Allocation of earnings, weighted

      46.11 %      53.89 %      46.11 %      53.89 %      46.11 %      53.89 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net controlling interest income allocated from continuing operations

    Ps.  10,403     Ps.  12,157     Ps.  18,842     Ps.  22,021     Ps.  9,748     Ps.  11,392  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net controlling interest income allocated from discontinued operations

    Ps.  660     Ps.  770     Ps.  713     Ps.  832     Ps.  —       Ps.  —