v3.10.0.1
Loss per share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Loss per share

11.

Loss per share

Basic loss per share is computed using the weighted-average number of outstanding ordinary shares during the period. Diluted loss per share is computed using the treasury stock method to the extent that the effect is dilutive by using the weighted-average number of outstanding ordinary shares and potential ordinary shares during the period. The Group’s potential ordinary shares consist of incremental shares issuable upon the assumed exercise of stock options and warrants, and the incremental shares issuable upon the assumed vesting of unvested restricted stock units and restricted stock awards, excluding all anti-dilutive ordinary shares outstanding during the period. The Group used the if-converted method to calculate the dilutive impact of the warrants and adjusted the numerator for changes in profit or loss. The computation of loss per share for the respective periods is as follows:

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

(in € millions, except share and per share data)

 

Basic loss per share

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to owners of the parent

 

 

(78

)

 

 

(1,235

)

 

 

(539

)

Shares used in computation:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average ordinary shares outstanding

 

 

177,154,405

 

 

 

151,668,769

 

 

 

148,368,720

 

Basic net loss per share attributable to

   owners of the parent

 

 

(0.44

)

 

 

(8.14

)

 

 

(3.63

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to owners of the parent

 

 

(78

)

 

 

(1,235

)

 

 

(539

)

Fair value adjustments on warrants

 

 

(14

)

 

 

 

 

 

 

Net loss used in the computation of diluted loss per share

 

 

(92

)

 

 

(1,235

)

 

 

(539

)

Shares used in computation:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average ordinary shares outstanding

 

 

177,154,405

 

 

 

151,668,769

 

 

 

148,368,720

 

Warrants

 

 

4,055,887

 

 

 

 

 

 

 

Diluted weighted average ordinary shares

 

 

181,210,292

 

 

 

151,668,769

 

 

 

148,368,720

 

Diluted net loss per share attributable to

   owners of the parent

 

 

(0.51

)

 

 

(8.14

)

 

 

(3.63

)

 

Potential dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

 

 

 

2018

 

 

2017

 

 

2016

 

Employee options

 

 

12,243,526

 

 

 

14,646,720

 

 

 

10,976,480

 

Restricted stock units

 

 

100,383

 

 

 

195,937

 

 

 

501,480

 

Restricted stock awards

 

 

61,880

 

 

 

61,880

 

 

 

 

Warrants

 

 

 

 

 

6,720,000

 

 

 

5,120,000