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

6 Months Ended

Dec. 31, 2020

Reconciliation of numerators and denominators of basic and diluted EPS computations

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,
	2020		2019		2020		2019
	(in millions, except per share data)
Amounts attributable to Coty Inc.:
Net (loss) income from continuing operations	$	(16.7)	$	(106.0)	$	100.0	$	(93.2)
Convertible Series B Preferred Stock dividends	(23.1)		—		(43.9)		—
Net (loss) income from continuing operations attributable to common stockholders	(39.8)		(106.0)		56.1		(93.2)
Net (loss) income from discontinued operations, net of tax	(235.6)		84.9		(130.9)		124.4
Net (loss) income attributable to common stockholders	$	(275.4)	$	(21.1)	$	(74.8)	$	31.2

Weighted-average common shares outstanding:
Weighted-average common shares outstanding—Basic	764.6		758.1		764.3		756.1
Effect of dilutive stock options and Series A/A-1 Preferred Stock(a)	—		—		—		1.5
Effect of restricted stock and RSUs(b)	—		—		4.2		3.6
Effect of Convertible Series B Preferred Stock	—		—		158.1		—
Weighted-average common shares outstanding—Diluted	764.6		758.1		926.6		761.2

(Loss) earnings per common share
(Loss) earnings from continued operations per common share - basic	$	(0.05)	$	(0.14)	$	0.07	$	(0.12)
(Loss) earnings from continued operations per common share - diluted	(0.05)		(0.14)		0.07		(0.12)

(Loss) earnings from discontinued operations - basic	(0.31)		0.11		(0.17)		0.16
(Loss) earnings from discontinued operations - diluted	(0.31)		0.11		(0.17)		0.16

(Loss) earnings per common share - basic	(0.36)		(0.03)		(0.10)		0.04
(Loss) earnings per common share - diluted	(0.36)		(0.03)		(0.10)		0.04

(a) For the three months ended December 31, 2020 and 2019, 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. For the six months ended December 31, 2020 and 2019, outstanding stock options and Series A/A-1 Preferred Stock with purchase or conversion rights to purchase 16.0 million and 24.8 million shares of Common Stock, respectively, were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.

(b) For the three months ended December 31, 2020 and 2019, RSUs were excluded in the computation of diluted loss per share due to the net loss incurred during the period. For the six months ended December 31, 2020 and 2019, there were 8.5 million and 2.9 million anti-dilutive RSUs, respectively, excluded from the computation of diluted EPS as their inclusion would be anti-dilutive.