Note 4. Earnings Per Share Basic and diluted earnings per share is as follows (in millions, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | Net Income attributable to Royal Caribbean Cruises Ltd. for basic earnings per share | $ | 1,111 | | | $ | 1,009 | | | $ | 2,325 | | | $ | 1,420 | | Add convertible notes interest and inducement expense | — | | | 20 | | | 169 | | | 68 | | Net Income attributable to Royal Caribbean Cruises Ltd. for diluted earnings per share | 1,111 | | | 1,029 | | | 2,494 | | | 1,488 | | Weighted-average common shares outstanding | 263 | | | 256 | | | 259 | | | 256 | | Dilutive effect of stock-based awards | 1 | | | 1 | | | 1 | | | 1 | | Dilutive effect of convertible notes | — | | | 25 | | | 20 | | | 27 | | Diluted weighted-average shares outstanding | 264 | | | 282 | | | 280 | | | 284 | | Basic earnings per share | $ | 4.22 | | | $ | 3.94 | | | $ | 8.98 | | | $ | 5.55 | | Diluted earnings per share | $ | 4.21 | | | $ | 3.65 | | | $ | 8.91 | | | $ | 5.24 | |
There were no antidilutive shares for the quarter ended September 30, 2023, and nine months ended September 30, 2024 and 2023, compared to 14,706,077 antidilutive shares from our convertible notes for the quarter ended September 30, 2024.
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