Weatherford International plcWFRD

Weatherford International plc Earnings Per Share Disclosure

10-KFiled Feb 4, 20262 min read
16 – Income per Share

A reconciliation of the number of weighted average shares used for the basic and diluted income per share calculation for the periods presented was as follows:
 Year Ended December 31,
(Shares in millions)202520242023
Net Income Attributable to Weatherford
$431 $506 $417 
Basic Weighted Average Shares Outstanding72.2 73.0 71.9 
Dilutive Effect of Awards Granted in Stock Incentive Plans0.4 1.9 1.7 
Diluted Weighted Average Shares Outstanding72.6 74.9 73.6 
Basic Income Per Share Attributable to Weatherford
$5.96 $6.93 $5.79 
Diluted Income Per Share Attributable to Weatherford
$5.93 $6.75 $5.66 
 Antidilutive Weighted Average Shares:
  Warrants— — 7.4 
  Equity Awards
0.6 0.4 0.7 
Total Antidilutive Weighted Average Shares
0.6 0.4 8.1 
Basic income per share for all periods presented equals net income divided by our weighted average shares outstanding during the period. Diluted income per share is computed by dividing net income available to shareholders by our weighted average shares outstanding during the period including potential dilutive ordinary shares. Antidilutive shares represent securities that could dilute income per share in the future, and are excluded from the computation of income per share.

Warrants to purchase 7.8 million ordinary shares at $99.96 per share were issued on December 13, 2019 and expired on December 13, 2023. For the year ended December 31, 2023 the warrants were excluded from the diluted weighted average shares outstanding as the exercise price of the warrants was greater than the average market price of the Company’s ordinary shares.

Historical Timeline

Fiscal YearFiled
2025Feb 4, 2026Showing above
2024Feb 6, 2025
2023Feb 7, 2024
2022Feb 8, 2023
2021Feb 17, 2022
2020Feb 19, 2021
2019Mar 16, 2020
2018Feb 15, 2019
2017Feb 14, 2018
2016Feb 15, 2017
2015Feb 16, 2016

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.

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