XML 59 R41.htm IDEA: XBRL DOCUMENT v3.20.4
LOSS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2020
LOSS PER SHARE  
Schedule of loss per share

Diluted loss per share amounts are calculated by dividing the net loss attributable to equity and TEU holders by the weighted average number of shares outstanding during the period plus the weighted average number of shares, if any, that would be issued on exercise of stock options, to the extent that they are considered dilutive.

Successor

Predecessor

December 31, 

December 31, 

December 31, 

May 31, 2018 

2020

2019

2018 (214 days)

(151 days)

Net loss

    

$

(994.9)

    

$

(451.7)

    

$

(318.7)

    

$

(164.7)

Less amounts attributable to preferred shareholders

13.7

Adjusted net loss

$

(1,008.6)

$

(451.7)

$

(318.7)

$

(164.7)

Weighted average shares outstanding(1),(2)

 

360,383,291

 

180,545,277

 

149,028,989

 

571,497,668

Weighted average number of shares on exercise of stock options, conversion of TEUs, and conversion of preferred shares

 

 

 

 

Diluted weighted average number of shares outstanding

 

360,383,291

 

180,545,277

 

149,028,989

 

571,497,668

Loss per share

 

  

 

  

 

  

 

  

Basic and Diluted

$

(2.80)

$

(2.50)

$

(2.14)

$

(0.29)

(1)Weighted average shares at December 31, 2020 includes the 33,991,500 minimum subordinate voting share conversion of the TEUs.
(2)Weighted average shares at December 31, 2019 and December 31, 2018 adjusted for share split completed in conjunction with the pre-capital closing changes implemented as part of the IPO.