Alpha Metallurgical Resources Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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(5) Net Income per Share
The number of shares of common stock used to calculate basic net income per common share is based on the weighted average number of the Company’s outstanding common shares during the respective period. The number of shares of common stock used to calculate diluted net income per common share is based on the number of common shares used to calculate basic net income per common share plus the effect of potentially dilutive securities outstanding during the period, which is determined by the application of the treasury stock method.
When applying the treasury stock method, anti-dilution generally occurs when the exercise prices or unrecognized compensation cost per share of common stock are higher than the Company’s average price per share of common stock during an applicable period. For the years ended December 31, 2024, 2023, and 2022, respectively,159,1,240, and 0 securities were excluded from the computation of dilutive net income per common share because they would have been anti-dilutive.
The following table presents the net income per common share for the years ended December 31, 2024, 2023, and 2022:
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Basic | |||
| Net income | $187,579 | $721,956 | $1,448,545 |
| Weighted average common shares outstanding - basic | 13,013,469 | 14,106,466 | 17,490,886 |
| Net income per common share - basic | $14.41 | $51.18 | $82.82 |
| Diluted | |||
| Weighted average common shares outstanding - basic | 13,013,469 | 14,106,466 | 17,490,886 |
| Diluted effect of warrants | — | 81,352 | 275,715 |
| Diluted effect of stock options | — | 1,400 | 4,171 |
| Diluted effect of other stock-based instruments | 121,337 | 453,638 | 451,625 |
| Weighted average common shares outstanding - diluted | 13,134,806 | 14,642,856 | 18,222,397 |
| Net income per common share - diluted | $14.28 | $49.30 | $79.49 |
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