Note 22. Earnings per Share
Basic earnings per share amounts are calculated by dividing consolidated net income for the year attributable to controlling interest by the weighted average number of shares outstanding during the period adjusted for the weighted average of own shares purchased in the period.
Diluted earnings per share amounts are calculated by dividing consolidated net income for the year attributable to equity holders of the parent by the weighted average number of shares outstanding during the period plus the weighted average number of shares for the effects of dilutive potential shares (originated by the Company’s commitment to capitalize 27.9 million KOF series L shares described in Note 4.1.1). During the years ended December 31, 2017 and 2015, the Company had no dilutive securities.
Basic and diluted earnings per share amounts are as follows:
| 2017 | ||||||||||||
| Per Series “A” Shares |
Per Series “D” Shares |
Per Series “L” Shares |
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Consolidated net income |
Ps. | (5,503 | ) | Ps. | (3,237 | ) | Ps. | (2,914 | ) | |||
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Consolidated net income attributable to equity holders of the parent |
(6,046 | ) | (3,556 | ) | (3,200 | ) | ||||||
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Weighted average number of shares for basic earnings per share (millions of shares) |
992 | 584 | 515 | |||||||||
| 2016 | ||||||||||||
| Per Series “A” Shares |
Per Series “D” Shares |
Per Series “L” Shares |
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Consolidated net income |
Ps. | 5,038 | Ps. | 2,963 | Ps. | 2,526 | ||||||
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Consolidated net income attributable to equity holders of the parent |
4,819 | 2,835 | 2,416 | |||||||||
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Weighted average number of shares for basic earnings per share (millions of shares) |
992 | 584 | 497 | |||||||||
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Effect of dilution associated with commitment to deliver 27.9 million KOF L shares |
— | — | 2 | |||||||||
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Weighted average number of shares adjusted for the effect of dilution (Shares outstanding) |
992 | 584 | 499 | |||||||||
| 2015 | ||||||||||||
| Per Series “A” Shares |
Per Series “D” Shares |
Per Series “L” Shares |
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Consolidated net income |
Ps. | 4,943 | Ps. | 2,908 | Ps. | 2,478 | ||||||
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Consolidated net income attributable to equity holders of the parent |
5,045 | 2,968 | 2,529 | |||||||||
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Weighted average number of shares for basic earnings per share (millions of shares) |
992 | 584 | 497 | |||||||||