Earnings Per Share

6 Months Ended

Jun. 30, 2021

Basic earnings per share is calculated using the weighted average number of shares of the Company’s common stock issued and outstanding during a certain period, and is calculated by dividing net income attributable to ApolloMed by the weighted average number of shares of the Company’s common stock issued and outstanding during such period. Diluted earnings per share is calculated using the weighted average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period, using the as-if converted method for secured convertible notes, preferred stock, and the treasury stock method for options and common stock warrants.

As of June 30, 2021 and December 31, 2020, APC held 10,885,732 and 12,323,164 shares of ApolloMed’s common stock, respectively, which are treated as treasury shares for accounting purposes and not included in the number of shares of common stock outstanding used to calculate earnings per share.

Below is a summary of the earnings per share computations:


Three Months Ended June 30,	2021		2020
Earnings per share – basic	$	0.29	$	0.20
Earnings per share – diluted	$	0.28	$	0.19
Weighted average shares of common stock outstanding – basic	44,165,264		36,071,604
Weighted average shares of common stock outstanding – diluted	45,828,802		37,285,585


Six Months Ended June 30,	2021		2020
Earnings per share – basic	$	0.60	$	0.31
Earnings per share – diluted	$	0.58	$	0.30
Weighted average shares of common stock outstanding – basic	43,255,901		36,040,936
Weighted average shares of common stock outstanding – diluted	44,746,761		37,296,913

Below is a summary of the shares included in the diluted earnings per share computations:


Three Months Ended June 30,	2021	2020
Weighted average shares of common stock outstanding – basic	44,165,264	36,071,604

Stock options	466,104	169,402
Warrants	992,723	1,041,784
Restricted stock awards	204,711	2,795
Weighted average shares of common stock outstanding – diluted	45,828,802	37,285,585


Six Months Ended June 30,	2021	2020
Weighted average shares of common stock outstanding – basic	43,255,901	36,040,936

Stock options	409,154	173,299
Warrants	911,131	1,076,802
Restricted stock awards	170,575	5,876
Weighted average shares of common stock outstanding – diluted	44,746,761	37,296,913