NET (LOSS) INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE

6 Months Ended

Dec. 31, 2019

NET (LOSS) INCOME ATTRIBUTABLE TO COTY INC. PER COMMON SHARE

Reconciliation between the numerators and denominators of the basic and diluted income per share (“EPS”) computations is presented below:


	Three Months Ended December 31,						Six Months Ended December 31,
	2019		2018		2019		2018
	(in millions, except per share data)
Net (loss) income attributable to Coty Inc.	$	(21.1)	$	(960.6)	$	31.2	$	(972.7)
Weighted-average common shares outstanding—Basic	758.1		751.1		756.1		751.0
Effect of dilutive stock options and Series A/A-1 Preferred Stock^(a)	—		—		1.5		—
Effect of restricted stock and RSUs ^(b)	—		—		3.6		—
Weighted-average common shares outstanding—Diluted	758.1		751.1		761.2		751.0
Net (loss) income attributable to Coty Inc. per common share:
Basic	$	(0.03)	$	(1.28)	$	0.04	$	(1.30)
Diluted	(0.03)		(1.28)		0.04		(1.30)

^(a)For the six months ended December 31, 2019, outstanding stock options and Series A/A-1 Preferred Stock with purchase or conversion rights to purchase 24.8 million shares of Common Stock were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the three months ended December 31, 2019 and three and six months ended December 31, 2018, outstanding stock options and Series A/A-1 Preferred Stock with purchase or conversion rights to purchase shares of Common Stock were excluded in the computation of diluted loss per share due to the net loss incurred during the period.

^(b)For the six months ended December 31, 2019, there were 2.9 million anti-dilutive RSUs excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the three months ended December 31, 2019 and three and six months ended December 31, 2018, RSUs were excluded in the computation of diluted loss per share due to the net loss incurred during the period.