Income (Loss) per Share

9 Months Ended

Sep. 30, 2022

10 – Income (Loss) per Share

Basic income (loss) per share for all periods presented equals net income (loss) divided by our weighted average shares outstanding during the period. Diluted income (loss) per share is computed by dividing net income (loss) by our weighted average shares outstanding during the period including potential dilutive ordinary shares. Antidilutive shares represent potentially dilutive securities which are excluded from the computation of diluted income or loss per share as their impact was antidilutive. These include potential ordinary shares for restricted share units, performance share units, phantom restricted share units, and outstanding warrants. Our basic and diluted weighted average shares outstanding for periods presented with net loss are equivalent as the impact of the inclusion of potential dilutive securities are antidilutive.

A reconciliation of the number of shares used for the basic and diluted income (loss) per share calculation was as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars and shares in millions, except per share amounts)	2022		2021		2022		2021
Net Income (Loss) Attributable to Weatherford	$	28	$	(95)	$	(46)	$	(289)

Basic Weighted Average Shares Outstanding	71		70		71		70
Dilutive Effect of Awards Granted in Stock Incentive Plans	1		—		—		—
Diluted Weighted Average Shares Outstanding	72		70		71		70

Antidilutive Shares	8		10		9		10
Basic and Diluted Income (Loss) Per Share Attributable to Weatherford	$	0.39	$	(1.36)	$	(0.65)	$	(4.13)