Earnings (Loss) Per Common Share (EPS)

6 Months Ended

Jun. 30, 2022

Earnings (Loss) Per Common Share (EPS)

Earnings (Loss) Per Common Share (EPS)

(4) Earnings (Loss) Per Common Share (EPS)

Basic earnings (loss) per common share (“EPS”) is computed by dividing net earnings (loss) attributable to common shareholders by the weighted average number of common shares outstanding (“WASO”) for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented. Excluded from EPS for both of the three and six months ended June 30, 2022 are 3 million of potential common shares due to stock options because their inclusion would be antidilutive, and excluded from EPS for both of the three and six months ended June 30, 2021 are less than a million of potential common shares due to stock options because their inclusion would be antidilutive. Also excluded from EPS for the six months ended June 30, 2021, because their inclusion would be antidilutive, were 7 million shares that were contingently issuable at the Company’s election pursuant to an exercise of the Put Option (defined and described in note 8), as calculated in accordance with the terms of the Certificate of Designations for the Series A Preferred Stock. On March 29, 2021, pursuant to the Repurchase Agreement (described and defined in note 8), the Put Option no longer exists. The contingently issuable shares pursuant to the Put Option were calculated for the period that the Put Option was outstanding.

		Liberty TripAdvisor Holdings Common Stock
		Three months ended		Six months ended
		June 30,		June 30,
		2022	2021	2022	2021
		number of shares in millions
Numerator
Net earnings (loss) attributable to Liberty TripAdvisor Holdings, Inc. shareholders	$	67	153	40	63
Less: Series A Preferred Stock carrying value adjustment and transaction costs		—	—	—	370
Net earnings (loss) available to common shareholders	$	67	153	40	(307)
Denominator
Basic WASO		76	76	76	75
Potentially dilutive shares		1	2	1	2
Diluted WASO		77	78	77	77