Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Common Share (EPS)

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Earnings (Loss) Per Common Share (EPS)
3 Months Ended
Mar. 31, 2022
Earnings (Loss) Per Common Share (EPS)  
Earnings (Loss) Per Common Share (EPS)

(3) Earnings (Loss) Per Common Share (EPS)

Basic earnings (loss) per common share (“EPS”) is computed by dividing net earnings (loss) attributable to common shareholders by the weighted average number of common shares outstanding (“WASO”) for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented. Excluded from EPS for the three months ended March 31, 2022 and 2021, are 3 million and less than a million of potential common shares due to stock options, respectively, because their inclusion would be antidilutive. Also excluded from EPS for the three months ended March 31, 2021, because their inclusion would be antidilutive, were 13 million shares that were contingently issuable at the Company’s election pursuant to an exercise of the Put Option (defined and described in note 6), as calculated in accordance with the terms of the Certificate of Designations for the Series A Preferred Stock. On March 29, 2021, pursuant to the Repurchase Agreement (described and defined in note 6), the Put Option no longer exists. The contingently issuable shares pursuant to the Put Option were calculated for the period that the Put Option was outstanding.

Liberty TripAdvisor Holdings Common Stock

Three months ended

March 31,

2022

2021

number of shares in millions

Numerator

Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders

$

(27)

(90)

Less: Series A Preferred Stock carrying value adjustment and transaction costs

370

Net earnings (loss) available to common shareholders

$

(27)

(460)

Denominator

Basic WASO

 

76

 

75

Potentially dilutive shares

 

1

 

2

Diluted WASO

 

77

 

77