Strategic Growth & Financial Overview
Reconciliation of GAAP Net Income Available to Common Stockholders to Adjusted Earnings Before
Noncontrolling Interests And Taxes And GAAP Fully Diluted EPS to Post-Tax Adjusted EPS (continued)
(in Thousands, Except per Share Data) (Unaudited) (Continued)
GAAP Net income available to common stockholders:
Allocation of net income to noncontrolling interests (10)
Total pre-tax adjustments (from above)
Income tax adjustment to reflect adjusted earnings taxes (1)
Post-tax Adjusted Earnings to fully diluted shareholders ("Post-tax Adjusted Earnings")
Per Share Data:
GAAP fully diluted earnings per share(11)
Allocation of net income (loss) to noncontrolling interests
Exchangeable preferred limited partnership units non-cash preferred dividends
Total pre-tax adjustments (from above)
Income tax adjustment to reflect adjusted earnings taxes
Other
Post-tax Adjusted Earnings per share ("Adjusted Earnings EPS")
Pre-tax adjusted earnings per share
Fully diluted weighted-average shares of common stock outstanding
Three Months Ended June 30,
2022
2021
Six Months Ended June 30,
2022
2021
$
48,519 $
439,744
48,881 $
472,849
13,384
144,703
13,702
155,514
60,833
(625,217)
166,235
(615,301)
(9,035)
124,891
(25,293)
$
113,701
84,121
203,525
124,221
137,283
$
EA
SA
0.26 $
2.13
EA
0.25 $
2.30
-
-
(0.01)
0.00
0.00
0.00
0.02
0.25
(2.29)
0.66
(2.26)
(0.04)
0.46
(0.10)
0.46
0.00
0.01
0.00
0.00
$
0.46
0.31
$
0.81
$
0.51
0.57
0.37
$
1.00
$
0.61
247,985
273,555
(1) Newmark's GAAP provision (benefit) for income taxes is calculated based on an annualized methodology. Newmark includes additional tax-deductible items when
calculating the provision (benefit) for taxes with respect to Adjusted Earnings using an annualized methodology. These include tax-deductions related to equity-
based compensation, and certain net-operating loss carryforwards. The adjustment in the tax provision to reflect Adjusted Earnings is shown below (in millions):
GAAP provision for (benefit from) income taxes
Income tax adjustment to reflect Adjusted Earnings
Provision for income taxes for Adjusted Earnings
See the following page for a continuation of the table.
250,458
272,303
Three Months Ended June 30,
2022
2021
Six Months Ended June 30,
2022
2021
$
18.4
9.0
142.2 $
(125.0)
$
27.4
$
17.2
$
22.4 $
25.3
47.7
$
152.8
(124.2)
28.6
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