DOW INC
For the period ended Dec 31, 2023. Filed Jan 31, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jan 31, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Earnings Per Share Calculations
NOTE 7 -EARNINGS PER SHARE CALCULATIONS
The following tables provide earnings per share calculations of Dow Inc. for the years ended December 31, 2023, 2022 and 2021. In accordance with the accounting guidance for earnings per share, earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries.
| Net Income for Earnings Per Share Calculations | 2023 | 2022 | 2021 |
|---|---|---|---|
| In millions | |||
| Net income | $660 | $4,640 | $6,405 |
| Net income attributable to noncontrolling interests | 71 | 58 | 94 |
| Net income attributable to participating securities 1 | 11 | 24 | 32 |
| Net income attributable to common stockholders | $578 | $4,558 | $6,279 |
- Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares.
| Earnings Per Share - Basic and Diluted | 2023 | 2022 | 2021 |
|---|---|---|---|
| Dollars per share | |||
| Earnings per common share - basic | $0.82 | $6.32 | $8.44 |
| Earnings per common share - diluted | $0.82 | $6.28 | $8.38 |
| Share Count Information | 2023 | 2022 | 2021 |
|---|---|---|---|
| Shares in millions | |||
| Weighted-average common shares outstanding - basic | 705.7 | 721.0 | 743.6 |
| Plus dilutive effect of equity compensation plans | 3.3 | 4.6 | 5.4 |
| Weighted-average common shares outstanding - diluted | 709.0 | 725.6 | 749.0 |
| Stock options and restricted stock units excluded from EPS calculations 1 | 9.6 | 7.6 | 5.8 |
- These outstanding options to purchase shares of common stock and restricted stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.