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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

14.	EARNINGS PER SHARE

Basic and diluted net earnings attributable to common shareholders of the Company for the year ended December 31, 2024 was $948.8 million (year ended December 31, 2023 - $416.3 million).

Earnings per share has been calculated using the weighted average number of common shares and common share equivalents issued and outstanding during the period. Stock options are reflected in diluted earnings per share by application of the treasury method.

The following table details the weighted average number of common shares outstanding for the purpose of computing basic and diluted earnings per share attributable to common shareholders for the following periods:


		Years ended December 31,
(Number of common shares in thousands)		2024		2023
Basic weighted average shares outstanding		1,228,855		1,226,985
Weighted average shares dilution adjustments:
Stock options^(a)		182		822
Restricted share units		1,805		3,554
Restricted performance share units		3,662		5,309
Diluted weighted average shares outstanding		1,234,504		1,236,670

(a)	Dilutive stock options were determined using the Company’s average share price for the year. For the year ended December 31, 2024, the average share price used was $7.89 (year ended December 31, 2023 - $4.88).