2020 Annual Financial Report

Note 10 Earnings per share

/ Earnings per share (basic and diluted)

(in millions of euros, except for share data)		2020	2019
Net income used for the calculation of earnings per share	Net income used for the calculation of earnings per share	Net income used for the calculation of earnings per share 2020	Net income used for the calculation of earnings per share 2019
Net income share attributable to equity holders of the parent company	Net income share attributable to equity holders of the parent company A	Net income share attributable to equity holders of the parent company 2020 576	Net income share attributable to equity holders of the parent company 2019 841
Impact of dilutive instruments:	Impact of dilutive instruments:	Impact of dilutive instruments: 2020	Impact of dilutive instruments: 2019
Savings in financial expenses related to the conversion of debt instruments, net of tax	Savings in financial expenses related to the conversion of debt instruments, net of tax	Savings in financial expenses related to the conversion of debt instruments, net of tax 2020 -	Savings in financial expenses related to the conversion of debt instruments, net of tax 2019 -
Groupe net income – diluted	Groupe net income – diluted B	Groupe net income – diluted 2020 576	Groupe net income – diluted 2019 841
Number of shares used to calculate earnings per share	Number of shares used to calculate earnings per share	Number of shares used to calculate earnings per share 2020	Number of shares used to calculate earnings per share 2019
Number of shares at January 1	Number of shares at January 1	Number of shares at January 1 2020 240,437,061	Number of shares at January 1 2019 235,249,801
Shares created over the year	Shares created over the year	Shares created over the year 2020 1,974,862	Shares created over the year 2019 2,457,867
Treasury shares to be deducted (average for the year)	Treasury shares to be deducted (average for the year)	Treasury shares to be deducted (average for the year) 2020 (2,573,576)	Treasury shares to be deducted (average for the year) 2019 (3,414,634)
Average number of shares used for the calculation	Average number of shares used for the calculation C	Average number of shares used for the calculation 2020 239,838,347	Average number of shares used for the calculation 2019 234,293,034
Impact of dilutive instruments:	Impact of dilutive instruments:	Impact of dilutive instruments: 2020	Impact of dilutive instruments: 2019
Free shares and dilutive stock options⁽¹⁾	Free shares and dilutive stock options⁽¹⁾	Free shares and dilutive stock options⁽¹⁾ 2020 1,977,939	Free shares and dilutive stock options⁽¹⁾ 2019 1,951,354
Equity warrants (BSA)⁽¹⁾	Equity warrants (BSA)⁽¹⁾	Equity warrants (BSA)⁽¹⁾ 2020 110,267	Equity warrants (BSA)⁽¹⁾ 2019 364,209
Number of diluted shares	Number of diluted shares D	Number of diluted shares 2020 241,926,553	Number of diluted shares 2019 236,608,597
(in euros)	(in euros)	(in euros) 2020	(in euros) 2019
Earnings per share	Earnings per share A/C	Earnings per share 2020 2.40	Earnings per share 2019 3.59
Diluted earnings per share	Diluted earnings per share B/D	Diluted earnings per share 2020 2.38	Diluted earnings per share 2019 3.55

(1) EPS after elimination of the impairment losses, amortization of intangibles from acquisitions, the main capital gains and losses on disposal of assets, the fair value adjustment of financial assets, the revaluation of earn-out payments and the cost of the Epsilon acquisition.

(2) This amount includes impairment losses on right-of-use assets related to leases for euro 170 million in 2020 and euro 95 million in 2019.