Sun Country Airlines Holdings, LLC Earnings Per Share Disclosure
Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Numerator: | |||||||||||||||||
| Net Income | $ | 52,809 | $ | 52,903 | $ | 72,181 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted Average Common Shares Outstanding - Basic | 53,116,591 | 52,908,322 | 55,507,144 | ||||||||||||||
Dilutive effect of Stock Options, RSUs and Warrants | 1,743,556 | 2,147,575 | 3,017,508 | ||||||||||||||
| Weighted Average Common Shares Outstanding - Diluted | 54,860,147 | 55,055,897 | 58,524,652 | ||||||||||||||
| Basic earnings per share | $ | 0.99 | $ | 1.00 | $ | 1.30 | |||||||||||
| Diluted earnings per share | $ | 0.96 | $ | 0.96 | $ | 1.23 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 15, 2023 | |
| 2021 | Feb 18, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.