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

9 Months Ended

Mar. 31, 2021

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

NET INCOME (LOSS) 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 March 31,				Nine Months Ended March 31,
	2021		2020		2021		2020
	(in millions, except per share data)
Amounts attributable to Coty Inc.:
Net income (loss) from continuing operations	$	32.9	$	(311.0)	$	132.9	$	(404.2)
Convertible Series B Preferred Stock dividends	(34.1)		—		(78.1)		—
Net (loss) income from continuing operations attributable to common stockholders	(1.2)		(311.0)		54.8		(404.2)
Net (loss) income from discontinued operations, net of tax	(17.3)		39.4		(148.2)		163.8
Net loss attributable to common stockholders	$	(18.5)	$	(271.6)	$	(93.4)	$	(240.4)

Weighted-average common shares outstanding:
Weighted-average common shares outstanding—Basic	765.4		760.8		764.6		757.7
Effect of dilutive stock options and Series A/A-1 Preferred Stock(a)	—		—		—		—
Effect of restricted stock and RSUs(b)	—		—		5.4		—
Effect of Convertible Series B Preferred Stock	—		—		162.1		—
Weighted-average common shares outstanding—Diluted	765.4		760.8		932.1		757.7

Earnings (loss) per common share:
Earnings (loss) from continuing operations per common share - basic	$	—	$	(0.41)	$	0.07	$	(0.53)
Earnings (loss) from continuing operations per common share - diluted	—		(0.41)		0.07		(0.53)

(Loss) earnings from discontinued operations - basic	(0.02)		0.05		(0.19)		0.21
(Loss) earnings from discontinued operations - diluted	(0.02)		0.05		(0.19)		0.21

Loss per common share - basic	(0.02)		(0.36)		(0.12)		(0.32)
Loss per common share - diluted	(0.02)		(0.36)		(0.12)		(0.32)

(a) For the nine months ended March 31, 2021, outstanding stock options and Series A/A-1 Preferred Stock with purchase or conversion rights to purchase 15.4 million shares of Common Stock, respectively, were excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the three months ended March 31, 2021 and three and nine months ended March 31, 2020, 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 nine months ended March 31, 2021 , there were 6.2 million anti-dilutive RSUs, respectively, excluded from the computation of diluted EPS as their inclusion would be anti-dilutive. For the three months ended March 31, 2021 and three and nine months ended March 31, 2020, RSUs were excluded in the computation of diluted loss per share due to the net loss incurred during the period.