Sirius XM Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

Earnings per Share

3 Months Ended

Mar. 31, 2020

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, restricted stock units and convertible debt) were exercised or converted into common stock, calculated using the treasury stock method. We had no participating securities during the three months ended March 31, 2020 and 2019.

Common stock equivalents of 40 and 60 for the three months ended March 31, 2020 and 2019, respectively, were excluded from the calculation of diluted net income per common share as the effect would have been anti-dilutive. We issued 392 shares of our common stock in connection with the Pandora Acquisition.



	For the Three Months Ended March 31,
	2020		2019
Numerator:
Net Income available to common stockholders for basic net income per common share	$	293	$	162
Effect of interest on assumed conversions of convertible notes, net of tax	2		1
Net Income available to common stockholders for dilutive net income per common share	$	295	$	163
Denominator:
Weighted average common shares outstanding for basic net income per common share	4,405		4,571
Weighted average impact of assumed convertible notes	29		25
Weighted average impact of dilutive equity instruments	81		82
Weighted average shares for diluted net income per common share	4,515		4,678
Net income per common share:
Basic	$	0.07	$	0.04
Diluted	$	0.07	$	0.03