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

9 Months Ended

Sep. 30, 2021

Earnings per ShareBasic 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 and nine months ended September 30, 2021 and 2020.

Common stock equivalents of 100 and 106 for the three months ended September 30, 2021 and 2020, respectively, and 98 and 62 for the nine months ended September 30, 2021 and 2020, respectively, were excluded from the calculation of diluted net income per common share as the effect would have been anti-dilutive.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator:
Net Income available to common stockholders for basic net income per common share	$	343	$	272	$	995	$	808
Effect of interest on assumed conversions of convertible notes, net of tax	2		2		6		6
Net Income available to common stockholders for dilutive net income per common share	$	345	$	274	$	1,001	$	814
Denominator:
Weighted average common shares outstanding for basic net income per common share	4,044		4,326		4,086		4,367
Weighted average impact of assumed convertible notes	30		29		30		29
Weighted average impact of dilutive equity instruments	45		60		54		69
Weighted average shares for diluted net income per common share	4,119		4,415		4,170		4,465
Net income per common share:
Basic	$	0.08	$	0.06	$	0.24	$	0.19
Diluted	$	0.08	$	0.06	$	0.24	$	0.18