Universal Registration Document 2021

Chapter 6. 2021 Consolidated financial statements

Note 10  Earnings per share

/ Earnings per share (basic and diluted)
(in millions of euros, except for share data)   2021 2020
Net income used for the calculation of earnings per share      
Net income share attributable to equity holders of the parent company A 1,027 576
Impact of dilutive instruments:      
  • Savings in financial expenses related to the conversion of debt instruments, net of tax
   - -
Groupe net income – diluted B 1,027 576
Number of shares used to calculate earnings per share      
Number of shares at January 1   247,769,038 240,437,061
Shares created over the year   2,929,864 1,974,862
Treasury shares to be deducted (average for the year)   (2,078,744) (2,573,576)
Average number of shares used for the calculation C 248,620,158 239,838,347
Impact of dilutive instruments:      
  • Free sharesand dilutive stock options (1)
   2,784,437 1,977,939
  • Equity warrants (BSA) (1)
   290,510 110,267
Number of diluted shares D 251,695,105 241,926,553
(in euros)      
Earnings per share A/C 4.13 2.40
Diluted earnings per share B/D 4.08 2.38

(1) Only stock options and warrants with a dilutive impact, i.e. whose strike price is lower than the average strike price, are included in the calculation. At December 31, 2021, unexercised stock-options were not taken into account because they were earnings accretive.