Earnings Per Share

12 Months Ended

Dec. 31, 2024

NET INCOME (LOSS) PER SHARE

Basic net income per common share attributable to Altice USA stockholders is computed by dividing net income attributable to Altice USA stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share attributable to Altice USA stockholders reflects the dilutive effects of stock options, restricted stock, restricted stock units, and deferred cash-denominated awards. For awards that are performance based, the dilutive effect is reflected upon the achievement of the performance criteria. Diluted net loss per common share attributable to Altice USA stockholders excludes the effects of common stock equivalents as they are anti-dilutive.

The following table presents a reconciliation of weighted average shares used in the calculations of the basic and diluted net income per share attributable to Altice USA stockholders:


	Years Ended December 31,
	2024	2023	2022
	(in thousands)
Basic weighted average shares outstanding	459,888	454,723	453,244
Effect of dilution:
Stock options	—	—	—
Restricted stock	—	74	38
Restricted stock units	—	—	—
Deferred cash-denominated awards (Note 15)	—	237	—
Diluted weighted average shares outstanding	459,888	455,034	453,282

Weighted average shares excluded from diluted weighted average shares outstanding:
Anti-dilutive shares	32,488	46,084	57,961
Share-based compensation awards whose performance metrics have not been achieved	23,950	20,831	7,309

Net income (loss) per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Altice USA.