LPL Financial Holdings Inc
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 30, 2024
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13 - E
NOTE 13 -EARNINGS PER SHARE
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if dilutive potential shares of common stock had been issued. The calculation of basic and diluted earnings per share for the periods noted was as follows (in thousands, except per share data):
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $243,800 | $285,520 | $532,564 | $624,404 |
| Basic weighted-average number of shares outstanding | 74,725 | 77,234 | 74,644 | 77,988 |
| Dilutive common share equivalents | 823 | 960 | 885 | 1,095 |
| Diluted weighted-average number of shares outstanding | 75,548 | 78,194 | 75,529 | 79,083 |
| Basic earnings per share | $3.26 | $3.70 | $7.13 | $8.01 |
| Diluted earnings per share | $3.23 | $3.65 | $7.05 | $7.90 |
The computation of diluted earnings per share excludes stock options, warrants and stock units that are anti-dilutive. For the three months ended June 30, 2024 and 2023, stock options, warrants and stock units representing common share equivalents of 5,174 shares and 208,654 shares, respectively, were anti-dilutive. For the six months ended June 30, 2024 and 2023, stock options, warrants and stock units representing common share equivalents of 3,568 shares and 107,544 shares, respectively, were anti-dilutive.
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