U.S. Floorplan Risk Management
Company Earnings Per Share Reconciliation To Adjusted Earnings
Per Share
Diluted After-Tax Results (Mils)
4Q
FY
2017
2018
2017
2018
Diluted after-tax results (GAAP)
$
2,520 $ (116)
$
Less: Impact of pre-tax and tax special items
971
(1,320)
7,731
608
$ 3,677
(1,517)
Adjusted net income - diluted (Non-GAAP)
$
1,549
$
1,204 $
7,123
$
5,194
Basic and Diluted Shares (Mils)
Basic shares (average shares outstanding)
3,973
3,970
3,975
3,974
Net dilutive options, unvested restricted stock units and restricted stock
27
27
23
24
Diluted shares
4,000
3,997
3,998
3,998
Earnings per share - diluted (GAAP)*
$
0.63
(0.03) $
1.93
$
0.92
Less: Net impact of adjustments
0.24
(0.33)
0.15
(0.38)
Adjusted earnings per share – diluted (Non-GAAP)
-
$
0.39
$
0.30
$
1.78
$
1.30
* The 2018 fourth quarter calculation of Earnings Per Share - Diluted (GAAP) excludes the 27 million shares of net dilutive options, unvested restricted stock units and restricted stock due to their antidilutive effect
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