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Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Common Share

v3.19.3
Earnings (Loss) Per Common Share
9 Months Ended
Sep. 30, 2019
Earnings (Loss) Per Common Share Ìý
Earnings (Loss) Per Common Share

(4)ÌýÌýÌýEarnings (Loss) Per Common Share

Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding ("WASO") for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented. Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.

SeriesÌýA and SeriesÌýB º¬Ð߲ݴ«Ã½ Common Stock

Excluded from diluted EPS for the three months ended SeptemberÌý30, 2019 and 2018 are 29 million and 28 million potential common shares, respectively, because their inclusion would have been antidilutive. Excluded from diluted EPS for the nine months ended SeptemberÌý30, 2019 and 2018 are 29 million and 28 million potential common shares, respectively, because their inclusion would have been antidilutive.

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º¬Ð߲ݴ«Ã½ÌýCommonÌýStock

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ÌýÌýÌýÌý

Three months ended

ÌýÌýÌýÌý

Nine months ended

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SeptemberÌý30,

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SeptemberÌý30,

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2019

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2018

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2019

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2018

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numberÌýofÌýsharesÌýinÌýmillions

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Basic WASO

Ìý

417

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459

Ìý

426

Ìý

467

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Potentially dilutive shares

Ìý

1

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2

Ìý

1

Ìý

4

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Diluted WASO

Ìý

418

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461

Ìý

427

Ìý

471

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SeriesÌýA and SeriesÌýB Liberty Ventures Common Stock

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Excluded from diluted EPS for the nine months ended SeptemberÌý30, 2018 were 2 million potential common shares, because their inclusion would have been antidilutive. No potential common shares were excluded from diluted EPS for the three months ended September 30, 2018.

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LibertyÌýVenturesÌýCommonÌýStock

Ìý

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ÌýÌýÌýÌý

Three months ended

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Nine months ended

Ìý

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SeptemberÌý30,

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SeptemberÌý30,

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2019 (1)

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2018 (1)

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2019 (1)

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2018

Ìý

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numberÌýofÌýsharesÌýinÌýmillions

Ìý

Basic WASO

Ìý

NA

Ìý

NA

Ìý

NA

Ìý

86

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Potentially dilutive shares

Ìý

NA

Ìý

NA

Ìý

NA

Ìý

1

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Diluted WASO

Ìý

NA

Ìý

NA

Ìý

NA

Ìý

87

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(1) All of the outstanding shares of Liberty Ventures Series A and B common stock were redeemed for GCI Liberty Series A and B common stock as a result of the GCI Liberty Split-Off on March 9, 2018.