GM » Topics » Note 25. Loss Per Share

This excerpt taken from the GM 8-K filed May 14, 2009.

Note 25. Loss Per Share

Basic and diluted loss per share have been computed by dividing Net loss from continuing operations attributable to GM Common Stockholders by the weighted-average number of shares outstanding in the period.

The following table summarizes the amounts used in the basic and diluted loss per share computations:

 

     Years Ended December 31,  
     2008     2007     2006  
     (In millions, except per share amounts)  

Net loss from continuing operations attributable to GM Common Stockholders

   $ (30,943 )   $ (43,091 )   $ (2,479 )

Weighted-average number of shares outstanding

     579       566       566  

Basic and diluted Net loss per share from continuing operations attributable to GM Common Stockholders

   $ (53.47 )   $ (76.16 )   $ (4.39 )

Due to net losses from continuing operations for all periods presented, the assumed exercise of stock options and warrants had an antidilutive effect and therefore was excluded from the computation of diluted loss per share. The number of such options and warrants not included in the computation of diluted loss per share was 101 million, 104 million and 106 million for 2008, 2007 and 2006, respectively.

No shares potentially issuable to satisfy the in-the-money amount of our convertible debentures have been included in the computation of diluted loss per share for 2008, 2007 and 2006 as the conversion options in our various series of convertible debentures were not in-the-money.

This excerpt taken from the GM 10-Q filed May 8, 2009.

Note 15. Loss Per Share

Basic and diluted loss per share have been computed by dividing Net loss attributable to GM Common Stockholders by the weighted average number of shares outstanding during the period.

The following table summarizes the amounts used in the basic and diluted loss per share computations:

 

     Three Months Ended March 31,  
     2009     2008  
     (In millions, except per share amounts)  

Net loss attributable to GM Common Stockholders

   $ (5,975 )   $ (3,282 )

Weighted average number of shares outstanding

     611       566  

Basic and diluted loss per share attributable to GM Common Stockholders

   $ (9.78 )   $ (5.80 )

Due to net losses for all periods presented, the assumed exercise of stock options and warrants had an antidilutive effect and therefore was excluded from the computation of diluted loss per share. The number of such options and warrants not included in the computation of diluted loss per share was 209 million and 102 million in the three months ended March 31, 2009 and 2008, respectively.

No shares potentially issuable to satisfy the in-the-money amount of the convertible debentures have been included in diluted earnings per share for the three months ended March 31, 2009 and 2008 as our various series of convertible debentures were not in-the-money.

This excerpt taken from the GM 10-K filed Mar 5, 2009.

Note 25. Loss Per Share

Basic and diluted loss per share have been computed by dividing Loss from continuing operations by the weighted-average number of shares outstanding in the period.

The following table summarizes the amounts used in the basic and diluted loss per share computations:

 

     Years Ended December 31,  
           2008                 2007                 2006        
     (In millions, except per share amounts)  

Loss from continuing operations

   $ (30,860 )   $ (43,297 )   $ (2,423 )

Weighted-average number of shares outstanding

     579       566       566  

Basic and diluted loss per share from continuing operations

   $ (53.32 )   $ (76.52 )   $ (4.29 )

Due to net losses from continuing operations for all periods presented, the assumed exercise of stock options and warrants had an antidilutive effect and therefore was excluded from the computation of diluted loss per share. The number of such options and warrants not included in the computation of diluted loss per share was 101 million, 104 million and 106 million for 2008, 2007 and 2006, respectively.

No shares potentially issuable to satisfy the in-the-money amount of our convertible debentures have been included in the computation of diluted loss per share for 2008, 2007 and 2006 as the conversion options in our various series of convertible debentures were not in-the-money.

This excerpt taken from the GM 10-Q filed Nov 10, 2008.
Note 17. Loss Per Share
 
Basic and diluted loss per share have been computed by dividing Loss from continuing operations by the weighted average number of shares outstanding in the period.
 
The following table summarizes the amounts used in the basic and diluted loss per share computations:
 
                                 
    Three Months Ended
    Nine Months Ended
 
    September 30,     September 30,  
    2008     2007     2008     2007  
    (In millions, except per share amounts)  
 
Loss from continuing operations
  $ (2,542 )   $ (42,512 )   $ (21,264 )   $ (41,770 )
Weighted average number of shares outstanding
    571       566       568       566  
Basic and diluted loss per share from continuing operations
  $ (4.45 )   $ (75.12 )   $ (37.44 )   $ (73.82 )
 
Due to net losses from continuing operations for all periods presented, the assumed exercise of stock options had an antidilutive effect and therefore was excluded from the computation of diluted loss per share. The number of such options not included in the computation of diluted loss per share was 101 million and 107 million at September 30, 2008 and 2007, respectively.
 
No shares potentially issuable to satisfy the in-the-money amount of our convertible debentures have been included in the computation of diluted loss per share for the three and nine months ended September 30, 2008 and 2007 as our various series of convertible debentures were not in-the-money.
 
This excerpt taken from the GM 10-Q filed May 8, 2008.
Note 14. Loss Per Share
 
Basic and diluted loss per share have been computed by dividing Loss from continuing operations by the weighted average number of shares outstanding during the period.
 
The amounts used in the basic and diluted loss per share computations are as follows:
 
                 
    Three Months Ended March 31,  
    2008     2007  
    (In millions, except per share amounts)  
 
Loss from continuing operations
  $ (3,251 )   $ (42 )
Weighted average number of shares outstanding
    566       566  
Basic and diluted loss per share from continuing operations
  $ (5.74 )   $ (0.07 )
 
Due to net losses from continuing operations for all periods presented, the assumed exercise of stock options had an antidilutive effect and therefore was excluded from the computation of diluted loss per share. The number of such options not


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Table of Contents

 
GENERAL MOTORS CORPORATION AND SUBSIDIARIES
 
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
 
included in the computation of diluted loss per share was 102 million and 108 million in the three months ended March 31, 2008 and 2007, respectively.
 
No shares potentially issuable to satisfy the in-the-money amount of the convertible debentures have been included in diluted earnings per share for the three months ended March 31, 2008 and 2007 as our various series of convertible debentures were not-in-the-money.
 
In March 2007, Series A convertible debentures in the amount of $1.1 billion were put to us and settled entirely in cash. As of March 31, 2008 and 2007, the principal amount of outstanding Series A convertible debentures was $39 million.
 
This excerpt taken from the GM 10-K filed Feb 28, 2008.
Note 25. Loss Per Share
 
Basic loss per share has been computed by dividing Loss from continuing operations by the weighted average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue Common Stock were exercised or converted into Common Stock, such as stock options and contingently convertible securities.
 
Due to net losses from continuing operations for all periods presented, the assumed exercise of certain stock option awards had an antidilutive effect and therefore were excluded from the computation of diluted loss per share. Total shares not considered for inclusion in the computation of diluted earnings per share were 104 million, 106 million and 112 million for the years ended December 31, 2007, 2006 and 2005, respectively.
 
On March 6, 2007, Series A convertible debentures in the amount of $1.1 billion were put to us and settled entirely in cash. At December 31, 2007, the amount outstanding on the Series A convertible debentures was $39 million. No shares potentially issuable to satisfy the in-the-money amount of the convertible debentures have been included in diluted earnings per share for the years ended December 31, 2007, 2006 and 2005, respectively, as the convertible debentures were not-in-the-money.


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GENERAL MOTORS CORPORATION AND SUBSIDIARIES
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 

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