Sirius XM Holdings Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings per Share

Earnings per Share

12 Months Ended

Dec. 31, 2017

Basic net income per common share is calculated by dividing the income available to common stockholders by the weighted average common shares outstanding during each reporting period. Diluted net income per common share adjusts the weighted average number of common shares outstanding for the potential dilution that could occur if common stock equivalents (stock options and restricted stock units) were exercised or converted into common stock, calculated using the treasury stock method. We had no participating securities during the years ended December 31, 2017, 2016 and 2015.

Common stock equivalents of 40,541 for the year ended December 31, 2017 and 208,202 and 151,112 for the years ended December 31, 2016 and 2015, respectively, were excluded from the calculation of diluted net income per common share as the effect would have been anti-dilutive.



	For the Years Ended December 31,
	2017 ⁽¹⁾		2016		2015
Numerator:
Net income available to common stockholders for basic and diluted net income per common share	$	647,908	$	745,933	$	509,724
Denominator:
Weighted average common shares outstanding for basic net income per common share	4,637,553		4,917,050		5,375,707
Weighted average impact of dilutive equity instruments	85,982		47,678		59,459
Weighted average shares for diluted net income per common share	4,723,535		4,964,728		5,435,166
Net income per common share:
Basic	$	0.14	$	0.15	$	0.09
Diluted	$	0.14	$	0.15	$	0.09


(1)	Our net income per basic and diluted share includes the impact of $184,599 in income tax expense, or a decrease of approximately $0.04 per share, recorded in the fourth quarter of 2017 due to the reduction in our net deferred tax asset balance as a result of the Tax Cut and Jobs Act signed into law on December 22, 2017. Refer to Note 16 for additional information.