Three Months Ended

Nine Months Ended

September 30,

(in millions)

2022

2021

2022

2021

Net income

$

2

$

8

$

19

$

30

Less: Preferred stock cash dividends

(1

)

(1

)

(3

)

(4

)

Less: Preferred stock in-kind dividends

(2

)

(1

)

(4

)

(3

)

Less: Preferred stock deemed dividends

—

(1

)

(1

)

(3

)

Plus: Expiration of Series A preferred stock embedded derivative

—

11

Less: Earnings attributable to Series C Preferred shareholders

—

(2

)

—

Net (loss) income available to common shareholders - basic and diluted

$

(1

)

$

5

$

9

$

31