Investor Presentaiton
EPS-diluted-adjusted Reconciliation
Q2
H1
2022
2023
2022
2023
Diluted earnings per common share
$1.14
$1.83
$2.49
$3.52
Adjustments¹
0.12
0.65
0.82
Tax effect on adjustments²
Tax adjustments³
Deemed dividend adjustment4
EPS-diluted-adjusted
(0.04)
(0.20)
(0.21)
(0.33)
0.62
$1.14
$1.91
$3.23
$4.12
See slide 36 for description of adjustments.
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2 The tax effect of each adjustment is determined based on the tax laws and valuation allowance status of the jurisdiction to which the adjustment relates.
3 The adjustment consists of tax benefit related to the release of a valuation allowance against deferred tax assets considered realizable as a result of Cruise tax reconsolidation in the six months ended June 30, 2022.
This adjustment was excluded because significant impacts of valuation allowances are not considered part of our core operations.
4 This adjustment consists of a deemed dividend related to the redemption of Cruise preferred shares from SoftBank in the six months ended June 30, 2022.
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