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

6 Months Ended

Jun. 30, 2024

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 and six months ended June 30, 2024 and 2023.

Common stock equivalents of 207 and 175 for the three months ended June 30, 2024 and 2023, respectively, and 185 and 162 for the six months ended June 30, 2024 and 2023, 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 June 30,				For the Six Months Ended June 30,
	2024		2023		2024		2023
Numerator:
Net Income available to common stockholders for basic net income per common share	$	316	$	310	$	582	$	543
Effect of interest on assumed conversions of convertible notes, net of tax	—		—		—		1
Net Income available to common stockholders for dilutive net income per common share	$	316	$	310	$	582	$	544
Denominator:
Weighted average common shares outstanding for basic net income per common share	3,848		3,861		3,846		3,875
Weighted average impact of assumed convertible notes	—		3		—		3
Weighted average impact of dilutive equity instruments	7		9		12		14
Weighted average shares for diluted net income per common share	3,855		3,873		3,858		3,892
Net income per common share:
Basic	$	0.08	$	0.08	$	0.15	$	0.14
Diluted	$	0.08	$	0.08	$	0.15	$	0.14