Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.20.2
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2020
EARNINGS PER SHARE  
NET INCOME PER SHARE

19. EARNINGS PER SHARE

Basic earnings 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 earnings 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 earnings per share is determined using the following information (in millions):

Three months

Six months

ended

ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

Numerator:

(Loss) income from continuing operations attributable to Huntsman Corporation

$

(67)

$

75

$

(139)

$

171

Net (loss) income attributable to Huntsman Corporation

    

(62)

110

643

$

229

Denominator:

Weighted average shares outstanding

219.7

230.6

221.4

231.9

Dilutive shares:

Stock-based awards

1.5

1.7

Total weighted average shares outstanding, including dilutive shares

219.7

232.1

221.4

233.6

Additional stock-based awards of 6.6 million and 3.8 million weighted average equivalent shares of stock were outstanding during the three months ended June 30, 2020 and 2019, respectively, and 6.3 million and 3.5 million weighted average equivalent shares of stock were outstanding during the six months ended June 30, 2020 and 2019,

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, 2020 and 2019 because the effect would be anti-dilutive.