Income per Share

12 Months Ended

Dec. 31, 2024

15 – Income per Share

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


	Year Ended December 31,
(Shares in millions)	2024		2023		2022
Net Income Attributable to Weatherford	$	506	$	417	$	26

Basic Weighted Average Shares Outstanding	73.0		71.9		70.5
Dilutive Effect of Awards Granted in Stock Incentive Plans	1.9		1.7		1.1
Diluted Weighted Average Shares Outstanding	74.9		73.6		71.6

Basic Income Per Share Attributable to Weatherford	$	6.93	$	5.79	$	0.37
Diluted Income Per Share Attributable to Weatherford	$	6.75	$	5.66	$	0.36

Antidilutive Weighted Average Shares:
Warrants	—		7.4		7.8
Equity Awards	0.4		0.7		0.6
Total Antidilutive Weighted Average Shares	0.4		8.1		8.4

Basic income per share for all periods presented equals net income divided by our weighted average shares outstanding during the period. Diluted income per share is computed by dividing net income available to shareholders by our weighted average shares outstanding during the period including potential dilutive ordinary shares. Antidilutive shares represent securities that could dilute income per share in the future, and are excluded from the computation of income per share.

Warrants to purchase 7.8 million ordinary shares at $99.96 per share were issued on December 13, 2019 and expired on December 13, 2023. For the years ended December 31, 2023 and December 31, 2022 the warrants were excluded from the diluted weighted average shares outstanding as the exercise price of the warrants was greater than the average market price of the Company’s ordinary shares.