Cincinnati Bell 2015 Annual Report Download - page 195

Form 10-K Part II Cincinnati Bell Inc.
The following table shows the computation of basic and diluted EPS:
Year Ended December 31, 2015
(in millions, except per share amounts)
Continuing
Operations
Discontinued
Operations Total
Numerator:
Net income (loss) .............................................. $290.8 $ 62.9 $353.7
Preferred stock dividends ........................................ 10.4 — 10.4
Net income (loss) applicable to common shareowners — basic and
diluted ..................................................... $280.4 $ 62.9 $343.3
Denominator:
Weighted-average common shares outstanding — basic ................ 209.6 209.6 209.6
Stock-based compensation arrangements ............................ 0.6 0.6 0.6
Weighted-average common shares outstanding — diluted .............. 210.2 210.2 210.2
Basic earnings (loss) per common share ............................... $ 1.34 $ 0.30 $ 1.64
Diluted earnings (loss) per common share ............................. $ 1.33 $ 0.30 $ 1.63
Year Ended December 31, 2014
(in millions, except per share amounts)
Continuing
Operations
Discontinued
Operations Total
Numerator:
Net income (loss) .............................................. $117.7 $ (42.1) $ 75.6
Preferred stock dividends ........................................ 10.4 — 10.4
Net income (loss) applicable to common shareowners — basic and
diluted ..................................................... $107.3 $ (42.1) $ 65.2
Denominator:
Weighted-average common shares outstanding — basic ................ 208.5 208.5 208.5
Stock-based compensation arrangements ............................ 1.1 1.1 1.1
Weighted-average common shares outstanding — diluted .............. 209.6 209.6 209.6
Basic and diluted earnings (loss) per common share ..................... $ 0.51 $ (0.20) $ 0.31
Year Ended December 31, 2013
(in millions, except per share amounts)
Continuing
Operations
Discontinued
Operations Total
Numerator:
Net income (loss) .............................................. $(64.9) $ 10.2 $ (54.7)
Preferred stock dividends ........................................ 10.4 — 10.4
Net income (loss) applicable to common shareowners — basic and
diluted ..................................................... $(75.3) $ 10.2 $ (65.1)
Denominator:
Weighted-average common shares outstanding — basic and diluted ...... 205.9 205.9 205.9
Basic and diluted earnings (loss) per common share ..................... $(0.37) $ 0.05 $ (0.32)
For the years ended December 31, 2015 and 2014, awards under the Company’s stock-based compensation
plans for common shares of 3.5 million and 3.6 million, respectively, were excluded from the computation of
diluted EPS as their inclusion would have been anti-dilutive. For the year ended December 31, 2013, the
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Form 10-K