Earnings Per Share ("EPS")

6 Months Ended

Jun. 30, 2020

Earnings Per Share (“EPS”)


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in millions)	2020		2019		2020		2019
Net income (loss) available for common stockholders	$	(57.9)	$	50.3	$	(51.8)	$	56.4
Less: Distributions to holders of Series A Preferred Stock	5.5		—		5.5		—
Less: Distributions to holders of Class A equity interests of a subsidiary	—		0.5		0.4		1.1
Less: Undistributed earnings allocable to Class A equity interests of a subsidiary	—		0.1		—		—
Net income (loss) available for common stockholders, basic and diluted	$	(63.4)	$	49.7	$	(57.7)	$	55.3

Weighted average shares for basic EPS	144.4		142.3		144.1		141.5
Dilutive potential shares from grants of RSUs, PRSUs and stock options^(a)	—		0.6		—		0.5

Weighted average shares for diluted EPS	144.4		142.9		144.1		142.0

(a)The potential impact of an aggregate 1.8 million granted RSUs, PRSUs and stock options in the three months ended June 30, 2020, 0.1 million granted RSUs, PRSUs and stock options in the three months ended June 30, 2019, 1.0 million granted RSUs, PRSUs and stock options in the six months ended June 30, 2020, and 0.1 million granted RSUs, PRSUs and stock options in the six months ended June 30, 2019, were antidilutive.

(b)The potential impact of 19.8 million shares of our common stock issuable upon conversion of our Series A Preferred Stock in the three months ended June 30, 2020, and 9.9 million shares of our common stock issuable upon conversion of our Series A Preferred Stock in the six months ended June 30, 2020, was antidilutive.

(c)The potential impact of 0.9 million of Class A equity interests of Outfront Canada in the three months ended June 30, 2020, 1.5 million of Class A equity interests of Outfront Canada in the three months ended June 30, 2019, 1.0 million of Class A equity interests of Outfront Canada in the six months ended June 30, 2020, and 1.6 million of Class A equity interests of Outfront Canada in the six months ended June 30, 2019, was antidilutive. (See Note 10. Equity to the Consolidated Financial Statements.)