PRINCIPAL FINANCIAL GROUP INC
For the period ended Mar 31, 2024. Filed May 1, 2024.
View on SEC.govAbout this filing
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.
Mar 31, 2024 · Filed May 1, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
19.Earnings Per Common Share
The computations of the basic and diluted per share amounts were as follows:
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the three months ended March 31, | ||||||
| · 2024 · 2023 | ||||||
| · · (in millions, except per share data) | ||||||
| Net income (loss) | | $532.0 | | $(134.5) | ||
| Subtract: | | | | | | |
| Net income (loss) attributable to noncontrolling interest | | | (0.5) | | | 5.6 |
| Total | | $532.5 | | $(140.1) | ||
| Weighted-average shares outstanding: | | | | | | |
| Basic | | | 236.0 | | | 243.4 |
| Dilutive effects: | | | | | | |
| Stock options | | | 0.8 | | | — |
| Restricted stock units | | | 2.2 | | | — |
| Performance share awards | | | 0.4 | | | — |
| Diluted | | | 239.4 | | | 243.4 |
| Net income (loss) per common share: | | | | | | |
| Basic | | $2.26 | | $(0.58) | ||
| Diluted | | $2.22 | | $(0.58) | ||
The calculation of diluted earnings per share for the three months ended March 31, 2024 and 2023, excludes the incremental effects related to certain outstanding stock-based compensation grants and an accelerated share repurchase program due to their anti-dilutive effect. When a net loss is reported, our basic weighted-average shares are used to calculate diluted earnings per share, as dilutive shares would have an antidilutive effect and result in a lower loss per share.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.