37 » Earnings per Share
Basic earnings per share are calculated by dividing the net income from continuing operations attributable to shareholders by the weighted average number of shares outstanding during the year, excluding ordinary shares purchased by adidas and held as treasury shares.
The convertible bond issued in March 2012 was fully converted in 2018, therefore it is not necessary to include potential dilutive shares arising from the convertible bond in the calculation of diluted earnings per share in 2019. Dilutive effects result out of the share-based payment transactions with employees. note 28
|
|
Continuing operations |
|
Discontinued operations |
|
Total |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Year ending Dec. 31, 2019 |
|
Year ending Dec. 31, 2018 |
|
Year ending Dec. 31, 2019 |
|
Year ending Dec. 31, 2018 |
|
Year ending Dec. 31, 2019 |
|
Year ending Dec. 31, 2018 |
Net income from continuing operations (€ in millions) |
|
1,918 |
|
1,709 |
|
– |
|
– |
|
– |
|
– |
Net income attributable to non-controlling interests (€ in millions) |
|
2 |
|
3 |
|
– |
|
– |
|
– |
|
– |
Net income attributable to shareholders (€ in millions) |
|
1,917 |
|
1,707 |
|
59 |
|
(5) |
|
1,976 |
|
1,702 |
Weighted average number of shares |
|
197,606,107 |
|
201,759,012 |
|
197,606,107 |
|
201,759,012 |
|
197,606,107 |
|
201,759,012 |
Basic earnings per share (€) |
|
9.70 |
|
8.46 |
|
0.30 |
|
(0.02) |
|
10.00 |
|
8.44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders (€ in millions) |
|
1,917 |
|
1,707 |
|
59 |
|
(5) |
|
1,976 |
|
1,702 |
Interest expense on convertible bond, net of taxes (€ in millions) |
|
– |
|
0 |
|
– |
|
– |
|
– |
|
0 |
Net income used to determine diluted earnings per share (€ in millions) |
|
1,917 |
|
1,707 |
|
59 |
|
(5) |
|
1,976 |
|
1,702 |
Weighted average number of shares |
|
197,606,107 |
|
201,759,012 |
|
197,606,107 |
|
201,759,012 |
|
197,606,107 |
|
201,759,012 |
Weighted assumed conversion of the convertible bond |
|
– |
|
280,100 |
|
– |
|
280,100 |
|
– |
|
280,100 |
Dilutive effect of share-based payments |
|
6,426 |
|
5,855 |
|
6,426 |
|
5,855 |
|
6,426 |
|
5,855 |
Weighted average number of shares for diluted earnings per share |
|
197,612,533 |
|
202,044,967 |
|
197,612,533 |
|
202,044,967 |
|
197,612,533 |
|
202,044,967 |
Diluted earnings per share (€) |
|
9.70 |
|
8.45 |
|
0.30 |
|
(0.02) |
|
10.00 |
|
8.42 |