Earnings per Share

12 Months Ended

Dec. 31, 2018

22.

EARNINGS PER SHARE

For the years ended December 31, 2018, 2017 and 2016, earnings per share (“EPS”) was calculated as follows:


	Year ended December 31, 2018		Year ended December 31, 2017		Year ended December 31, 2016
Basic EPS
Net income (loss) attributable to parent company		1,287		802		165
Weighted average shares outstanding		899,363,170		884,707,764		881,246,870

Basic EPS		1.43		0.91		0.19

Diluted EPS
Net income (loss) attributable to parent company		1,287		802		165
Weighted average shares outstanding		899,363,170		884,707,764		881,246,870
Dilutive effect of stock awards		7,251,641		7,459,507		5,003,573
Dilutive effect of convertible debt		4,341,334		13,918,602		—
Number of shares used in calculating diluted EPS		910,956,145		906,085,873		886,250,443

Diluted EPS		1.41		0.89		0.19

The convertible bonds issued on July 3, 2014, as detailed in Note 13, had no impact on the diluted EPS computation as of December 31, 2016 since the contingent conversion features was out-of-the-money.