Universal Registration Document 2021

/ Headline earnings per share (basic and diluted)

(in millions of euros, except for share data)		2021	2020
Net income used to calculate headline earnings per share⁽¹⁾	Net income used to calculate headline earnings per share ⁽¹⁾	Net income used to calculate headline earnings per share ⁽¹⁾2021	Net income used to calculate headline earnings per share ⁽¹⁾ 2020
Net income share attributable to equity holders of the parent company	Net income share attributable to equity holders of the parent company	Net income share attributable to equity holders of the parent company 20211,027	Net income share attributable to equity holders of the parent company 2020 576
Items excluded:	Items excluded:	Items excluded:2021	Items excluded: 2020
Amortization of intangibles from acquisitions, net of tax	Amortization of intangibles from acquisitions, net of tax	Amortization of intangibles from acquisitions, net of tax 2021 191	Amortization of intangibles from acquisitions, net of tax 2020 254
Impairment loss⁽²⁾, net of tax	Impairment loss⁽²⁾, net of tax	Impairment loss⁽²⁾, net of tax 2021 91	Impairment loss⁽²⁾, net of tax 2020 185
Main capital gains and losses on disposal of assets and fair value adjustment of financial assets, net of tax	Main capital gains and losses on disposal of assets and fair value adjustment of financial assets, net of tax	Main capital gains and losses on disposal of assets and fair value adjustment of financial assets, net of tax 2021 (18)	Main capital gains and losses on disposal of assets and fair value adjustment of financial assets, net of tax 2020 (9)
Early unwinding of swaps (see Note 8)	Early unwinding of swaps (see Note 8)	Early unwinding of swaps (see Note 8) 2021 -	Early unwinding of swaps (see Note 8) 2020 11
Revaluation of earn-out payments	Revaluation of earn-out payments	Revaluation of earn-out payments 2021 (27)	Revaluation of earn-out payments 2020 17
Headline Groupe net income	Headline Groupe net income E	Headline Groupe net income 20211,264	Headline Groupe net income 2020 1,034
Impact of dilutive instruments:	Impact of dilutive instruments:	Impact of dilutive instruments:2021	Impact of dilutive instruments: 2020
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 2021 -	Savings in financial expenses related to the conversion of debt instruments, net of tax 2020 -
Headline Groupe net income, diluted	Headline Groupe net income, diluted F	Headline Groupe net income, diluted 20211,264	Headline Groupe net income, diluted 2020 1,034
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 2021	Number of shares used to calculate earnings per share 2020
Number of shares at January 1	Number of shares at January 1	Number of shares at January 1 2021247,769,038	Number of shares at January 1 2020 240,437,061
Shares created over the year	Shares created over the year	Shares created over the year 2021 2,929,864	Shares created over the year 2020 1,974,862
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) 2021 (2,078,744)	Treasury shares to be deducted (average for the year) 2020 (2,573,576)
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 2021248,620,158	Average number of shares used for the calculation 2020 239,838,347
Impact of dilutive instruments:	Impact of dilutive instruments:	Impact of dilutive instruments:2021	Impact of dilutive instruments: 2020
Free shares and dilutive stock options	Free shares and dilutive stock options	Free shares and dilutive stock options 2021 2,784,437	Free shares and dilutive stock options 2020 1,977,939
Equity warrants (BSA)	Equity warrants (BSA)	Equity warrants (BSA) 2021 290,510	Equity warrants (BSA) 2020 110,267
Number of diluted shares	Number of diluted shares D	Number of diluted shares 2021251,695,105	Number of diluted shares 2020 241,926,553
(in euros)	(in euros)	(in euros) 2021	(in euros) 2020
Headline earnings per share⁽¹⁾	Headline earnings per share ⁽¹⁾ E/C	Headline earnings per share ⁽¹⁾20215.08	Headline earnings per share ⁽¹⁾ 2020 4.31
Headline earnings per share – diluted⁽¹⁾	Headline earnings per share – diluted ⁽¹⁾ F/D	Headline earnings per share – diluted ⁽¹⁾20215.02	Headline earnings per share – diluted ⁽¹⁾ 2020 4.27

(1) EPS after elimination of the impairment losses, amortization of intangibles from acquisitions, the main capital gains (and losses) on disposal of assets and the fair value adjustment of financial assets, the revaluation of earn-out payments and the costs related to the early unwinding of cross-currency swaps in 2020.

(2) This amount includes impairment losses on right-of-use assets related to leases for euro 91 million in 2021 and euro 170 million in 2020.