CEMEX SAB DE CV | CIK:0001076378 | 3

  • Filed: 4/30/2018
  • Entity registrant name: CEMEX SAB DE CV (CIK: 0001076378)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1076378/000119312518143360/0001193125-18-143360-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1076378/000119312518143360/cx-20171231.xml
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  • ifrs-full:DisclosureOfEarningsPerShareExplanatory

    22) EARNINGS PER SHARE

    Basic earnings per share is calculated by dividing net income attributable to ordinary equity holders of the Parent Company (the numerator) by the weighted average number of shares outstanding (the denominator) during the period. Shares that would be issued depending only by the passage of time should be included in the determination of the basic weighted average number of shares outstanding. Diluted earnings per share should reflect in both, the numerator and denominator, the assumption that convertible instruments are converted, that options or warrants are exercised, or that ordinary shares are issued upon the satisfaction of specified conditions, to the extent that such assumption would led to a reduction in basic earnings per share or an increase in basic loss per share, otherwise, the effects of potential shares are not considered because they generate antidilution.

    The amounts considered for calculations of earnings per share in 2017, 2016 and 2015 were as follows:

     

         2017      2016      2015  
    Denominator (thousands of shares)         

    Weighted average number of shares outstanding1

         43,107,457        42,211,409        41,491,672  

    Capitalization of retained earnings2

         1,687,295        1,687,295        1,687,295  

    Effect of dilutive instruments — mandatorily convertible securities (note 16.2)3

         708,153        708,153        708,153  
      

     

     

        

     

     

        

     

     

     

    Weighted average number of shares — basic

         45,502,905        44,606,857        43,887,120  

    Effect of dilutive instruments — share-based compensation (note 21)3

         237,102        226,972        171,747  

    Effect of potentially dilutive instruments — optionally convertible securities (note 16.2)3

         2,698,600        3,834,458        5,065,605  
      

     

     

        

     

     

        

     

     

     

    Weighted average number of shares — diluted

         48,438,607        48,668,287        49,124,472  
      

     

     

        

     

     

        

     

     

     
    Numerator         

    Net income from continuing operations

       Ps 13,139        14,438        1,096  

    Less: non-controlling interest net income

         1,417        1,173        923  
      

     

     

        

     

     

        

     

     

     

    Controlling interest net income from continuing operations

         11,722        13,265        173  

    Plus: after tax interest expense on mandatorily convertible securities

         91        119        144  
      

     

     

        

     

     

        

     

     

     

    Controlling interest net income from continuing operations — for basic earnings per share calculations

         11,813        13,384        317  

    Plus: after tax interest expense on optionally convertible securities

         903        1,079        1,288  
      

     

     

        

     

     

        

     

     

     

    Controlling interest net income from continuing operations — for diluted earnings per share calculations

       Ps 12,716        14,463        1,605  
      

     

     

        

     

     

        

     

     

     

    Net income from discontinued operations

       Ps 3,499        768        1,028  
      

     

     

        

     

     

        

     

     

     
    Basic earnings per share         

    Controlling interest basic earnings per share

       Ps 0.34        0.32        0.03  

    Controlling interest basic earnings per share from continuing operations

         0.26        0.30        0.01  

    Controlling interest basic earnings per share from discontinued operations

         0.08        0.02        0.02  
      

     

     

        

     

     

        

     

     

     
    Controlling interest diluted earnings per share 4         

    Controlling interest diluted earnings per share

       Ps 0.34        0.32        0.03  

    Controlling interest diluted earnings per share from continuing operations

         0.26        0.30        0.01  

    Controlling interest diluted earnings per share from discontinued operations

         0.08        0.02        0.02  
      

     

     

        

     

     

        

     

     

     

     

    1 The weighted average number of shares outstanding in 2016 and 2015 reflects the shares issued as a result of the capitalization of retained earnings declared on March 2016 and March 2015, as applicable (note 20.1).
    2 According to resolution of the Parent Company’s stockholders’ meeting on March 30, 2017.
    3 The number of CPOs to be issued under the executive share-based compensation programs, as well as the total amount of CPOs committed for issuance in the future under the mandatorily and optionally convertible securities, are computed from the beginning of the reporting period. The number of shares resulting from the executives’ stock option programs is determined under the inverse treasury method.
    4 For 2017, 2016 and 2015, the effects on the denominator and numerator of potential dilutive shares generate antidilution; therefore, there is no change between the reported basic earnings per share and diluted earnings per share.