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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Income Attributable to Shareholders

The following table sets forth the computation of basic and diluted income attributable to common shareholders of Sinovac per share (in thousands, except for number of shares and per share data):

 

 

 

For the year ended December 31

 

 

 

2020

 

 

2019

 

 

2018

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

185,179

 

 

$

65,215

 

 

$

36,111

 

Less: Income attributable to non-controlling interests

 

 

74,810

 

 

 

20,286

 

 

 

14,329

 

Income attributable to shareholders of Sinovac

 

 

110,369

 

 

 

44,929

 

 

 

21,782

 

Less: Preferred stock dividends

 

 

6,015

 

 

 

5,128

 

 

 

 

Net income attributable to shareholders of Sinovac

 

 

104,354

 

 

 

39,801

 

 

 

21,782

 

Net income attributable to shareholders of Sinovac for computing diluted net

   income per share

 

 

110,369

 

 

 

44,929

 

 

 

21,782

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of common shares outstanding

 

 

98,897,345

 

 

 

94,876,946

 

 

 

64,727,146

 

Dilutive effect of stock options and preferred shares

 

 

14,765,017

 

 

 

14,815,013

 

 

 

250,408

 

Diluted weighted average number of common shares outstanding

 

 

113,662,362

 

 

 

109,691,959

 

 

 

64,977,554

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

 

1.06

 

 

 

0.42

 

 

 

0.34

 

Diluted net income per share

 

 

0.97

 

 

 

0.41

 

 

 

0.34