Quarterly report pursuant to Section 13 or 15(d)

NET INCOME PER SHARE

v3.10.0.1
NET INCOME PER SHARE
6 Months Ended
Jun. 30, 2018
NET INCOME PER SHARE  
NET INCOME PER SHARE

19. NET INCOME PER SHARE

 

Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income available to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities.

 

Basic and diluted income per share is determined using the following information (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months

 

Six months

 

 

ended

 

ended

 

 

June 30, 

 

June 30, 

 

    

2018

    

2017

    

2018

    

2017

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted income from continuing operations:

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to Huntsman Corporation

 

$

268

 

$

122

 

$

483

 

$

205

Basic and diluted net income:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Huntsman Corporation

    

$

414

 

$

167

 

$

688

 

$

243

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

238.7

 

 

238.3

 

 

239.8

 

 

237.8

Dilutive shares:

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based awards

 

 

4.0

 

 

5.4

 

 

4.4

 

 

5.4

Total weighted average shares outstanding, including dilutive shares

 

 

242.7

 

 

243.7

 

 

244.2

 

 

243.2

 

Additional stock‑based awards of 0.6 million and 2.0 million weighted average equivalent shares of stock were outstanding during the three months ended June 30, 2018 and 2017, respectively, and 0.8 million and 2.1 million weighted average equivalent shares of stock were outstanding during the six months ended June 30, 2018 and 2017, respectively. However, these stock‑based awards were not included in the computation of diluted earnings per share for the three and six months ended June 30, 2018 and 2017 because the effect would be anti‑dilutive.