Earnings per Share ("EPS")

9 Months Ended

Sep. 30, 2017

Earnings Per Share ("EPS")

Basic EPS was computed using the weighted-average number of shares of common stock outstanding during the period. Diluted EPS includes the additional dilutive effect of our potentially dilutive securities, which include RSUs, DSUs, PSUs, stock options and SOSARs. The dilutive effects of our potentially dilutive securities are calculated using the treasury stock method.



	Three Months Ended					Nine Months Ended
	September 30, 2017			September 30, 2016		September 30, 2017		September 30, 2016
	(In millions, except per share amounts)
Amounts attributable to Molson Coors Brewing Company:
Net income (loss) from continuing operations	$	280.2		$	202.5	$	803.8	$	539.8
Income (loss) from discontinued operations, net of tax	(0.2		)	—		0.8		(2.3		)
Net income (loss) attributable to Molson Coors Brewing Company	$	280.0		$	202.5	$	804.6	$	537.5
Weighted-average shares for basic EPS	215.5			214.8		215.4		211.1
Effect of dilutive securities:
RSUs, DSUs, and PSUs	0.6			1.0		0.6		1.0
Stock options and SOSARs	0.4			0.5		0.5		0.5
Weighted-average shares for diluted EPS	216.5			216.3		216.5		212.6
Basic net income (loss) attributable to Molson Coors Brewing Company per share:
From continuing operations	$	1.30		$	0.94	$	3.73	$	2.56
From discontinued operations	—			—		0.01		(0.01		)
Basic net income (loss) attributable to Molson Coors Brewing Company per share	$	1.30		$	0.94	$	3.74	$	2.55
Diluted net income (loss) attributable to Molson Coors Brewing Company per share:
From continuing operations	$	1.29		$	0.94	$	3.71	$	2.54
From discontinued operations	—			—		0.01		(0.01		)
Diluted net income (loss) attributable to Molson Coors Brewing Company per share	$	1.29		$	0.94	$	3.72	$	2.53
Dividends declared and paid per share	$	0.41		$	0.41	$	1.23	$	1.23

The sum of the quarterly net income per share amounts may not agree to the full-year net income per share amounts. We calculate net income per share based on the weighted-average number of outstanding shares during the period for each reporting period presented. The average number of shares fluctuates throughout the year and can therefore produce a full-year result that does not agree to the sum of the individual quarters.

The following anti-dilutive securities were excluded from the computation of the effect of dilutive securities on diluted EPS:



	Three Months Ended		Nine Months Ended
	September 30, 2017	September 30, 2016	September 30, 2017	September 30, 2016
	(In millions)
RSUs and stock options	0.4	0.1	0.3	0.1

Class B Common Stock Equity Issuance

On February 3, 2016, we completed an underwritten public offering of our Class B common stock to partially fund the Acquisition, which increased the number of Class B common shares issued and outstanding by 29.9 million shares, and received proceeds of $2.5 billion, net of issuance costs.