Earnings or Loss per Share

3 Months Ended

Mar. 31, 2022

Basic earnings or loss per share (EPS) is computed by dividing net earnings or loss by the weighted average number of shares outstanding for the period. Diluted EPS presents the dilutive effect, if any, on a per share basis of potential shares (e.g., options, SARs, RSUs, PSARs and PSUs) as if they had been exercised, vested or converted at the beginning of the periods presented.

The details of our basic and diluted weighted average ordinary shares outstanding are set forth below:


	Three months ended
	March 31,
	2022	2021

Weighted average ordinary shares outstanding (basic EPS computation)	520,320,152	575,114,550
Incremental shares attributable to the assumed exercise of outstanding options and SARs and the release of RSUs and PSUs upon vesting (treasury stock method)	12,364,920	9,507,525
Weighted average ordinary shares outstanding (diluted EPS computation)	532,685,072	584,622,075

The calculation of diluted EPS for the three months ended March 31, 2022 and 2021 excludes a total of 56.8 million and 51.6 million options, SARs and RSUs, respectively, and for the 2021 period, 16.9 million PSARs and PSUs because their effect would have been anti-dilutive or, in the case of the PSARs and PSUs, because such awards had not yet met the applicable performance criteria.

The details of our net earnings from continuing operations attributable to Liberty Global shareholders is set forth below:


	Three months ended
	March 31,
	2022		2021
	in millions

Earnings from continuing operations	$	1,075.7	$	1,422.7
Net earnings from continuing operations attributable to noncontrolling interests	(72.0)		(54.9)
Net earnings from continuing operations attributable to Liberty Global shareholders	$	1,003.7	$	1,367.8