Cemex 2013 Annual Report Download - page 114

Notes to the consolidated financial statements
Theamountsconsideredforcalculationsoflosspershare(“LPS”)in2013,2012and2011wereasfollows:
Denominator (thousands of shares) 2013 2012 2011
Weightedaveragenumberofsharesoutstanding1  33,175,612 32,926,445 32,523,572
 Capitalizationofretainedearnings2  1,312,380 1,312,380 1,312,380
 Effectofdilutiveinstruments–mandatorilyconvertiblesecurities(note16B)3  605,332 582,050 559,663
Weightedaveragenumberofsharesoutstanding–basic  35,093,324 34,820,875 34,395,615
 Effectofdilutiveinstruments–stock-basedcompensation(note21)3  306,930 286,042 174,934
 Effectofpotentiallydilutiveinstruments–optionallyconvertiblesecurities(note16B)3  6,832,200 6,569,424 6,316,755
Weightedaveragenumberofsharesoutstanding–diluted  42,232,454 41,676,341 40,887,304
Numerator
Consolidatednetloss $ (9,611) (11,338) (24,932)
Less:non-controllinginterestnetincome  1,223 662 21
 Controllinginterestnetloss  (10,834) (12,000) (24,953)
Plus:aftertaxinterestexpenseonmandatorilyconvertiblesecurities  181 196 209
 Controllinginterestnetloss–basiclosspershare  (10,653) (11,804) (24,744)
Plus:aftertaxinterestexpenseonoptionallyconvertiblesecurities  1,494 1,501 1,153
 Controllinginterestnetloss–dilutedlosspershare $ (9,159) (10,303) (23,591)
Controlling Interest Basic Loss Per Share $ (0.30) (0.34) (0.72)
Controlling Interest Diluted Loss Per Share 4 $ (0.30) (0.34) (0.72)
1 BasedonIAS33,theweightedaveragenumberofsharesoutstandingin2012and2011reectsthesharesissuedasaresultofthecapitalizationofretained
earningsdeclaredonMarch2013andFebruary2012,asapplicable(note20A).
2 Accordingtoresolutionofthestockholders’meetingsonMarch21,2013.
3 ThenumberofCPOtobeissuedundertheexecutivestock-basedcompensationprograms,aswellasthetotalamountofCPOscommittedforissuanceinthe
futureunderthemandatorilyandoptionallyconvertiblesecurities,arecomputedfromthebeginningofthereportingperiod.Thenumberofsharesresulting
fromtheexecutives’stockoptionprogramsisdeterminedundertheinversetreasurymethod.
4 For2013, 2012and 2011,the effectsonthe denominatorandnumerator ofpotentialdilutivesharesgenerateantidilution;therefore,thereisno change
betweenthereportedbasicanddilutedlosspershare.
23) Commitments
23A) Guarantees
As ofDecember31,2013 and2012,CEMEX,S.A.B. deC.V. hadguaranteed loansofcertainsubsidiaries for approximatelyUS$7,125
($92,982)andUS$9,148($117,557),respectively.
23B) Pledged assets
AsofDecember31,2013and2012,CEMEXhadliabilitiesamountingtoUS$83andUS$84,respectively,securedbyproperty,machinery
andequipment.Theseamountsexcludethenancialliabilitiesassociatedwithcapitalleases(note16B),astherearenolegalliensonthe
relatedassets.
In addition, in connection with the Financing Agreement (note 16A), CEMEX transferred to a guarantee trust and entered into pledge
agreements forthe benetof the FacilitiesAgreement lenders, note holdersand othercreditorshavingthebenet of negativepledge
clauses,thesharesofseveralofitsmainsubsidiaries,includingCEMEXMéxico,S.A.deC.V.andCEMEXEspaña,inordertosecurepayment
obligationsundertheFacilitiesAgreementandotherdebtinstruments.Thesesharesalsosecureseveralothernancingsenteredintoprior
tothedateoftheFacilitiesAgreement.
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