AIRBUS - 2019 Registration Document

Management’s Discussion and Analysis of Financial Condition and Results of Operations  / 2.1 Operating and Financial Review

2.1.4.10 Non-Controlling Interests For the first three months 2019, profit for the period attributable to non-controlling interests was € 4 million, as compared to €1 million for the first three months 2018. For 2018, profit for the period attributable to non-controlling interests was € -43 million, as compared to €3 million for 2017 (restated).

As a result of the factors discussed above, the Company recorded net income of €3,054 million for 2018, as compared to €2,361 million for 2017 (restated).

2.1.4.12 Earnings per Share Basic earnings were € 3.94 per share in 2018, as compared to €3.05 per share in 2017 (restated) (first three months 2019: €0.05). The number of issued shares as of 31December 2018was 776,367,881 (31 March 2019: no change). The denominator used to calculate earnings per share was 775,167,941 shares (2017: 773,772,702) (first three months 2019: 775,730,957), reflecting the weighted average number of shares outstanding during the year. In 2016, the Company reported basic earnings of €1.29 per share, based on a denominator of 773,798,837 shares.

2.1.4.11 Profit for the Period Attributable to Equity Owners of the Parent (Net Income)

Net income for the first three months 2019 was € 40 million, as compared to net income of €283 million for the first three months 2018.

Three-month period ended 31 March 2019 (unaudited)

Three-month period ended 31 March 2018 (unaudited)

Year ended 31 December 2017 as restated (1)

Year ended 31 December 2017 as reported

Year ended 31 December 2016 as reported

Year ended 31 December 2018

Profit for the period attributable to equity owners of the parent (Net income) Weighted average number of ordinary shares

€40 million

€283 million

€3,054 million

€2,361 million €2,873 million €995 million

775,730,957

774,364,786

775,167,941

773,772,702 773,772,702 773,798,837

Basic earnings per share

€0.05

€0.37

€3.94

€3.05

€3.71

€1.29

(1) Previous year figures are restated due to the application of IFRS 15.

outstanding during the year, adjusted to assume the conversion of all potential ordinary shares. In 2016, the Company reported diluted earnings of €1.29 per share, based on a denominator of 779,104,634 shares.

Diluted earnings were €3.92 per share in 2018, as compared to € 3.04 per share in 2017 (first three months 2019: € 0.05). The denominator used to calculate diluted earnings per share was 780,943,038 (2017: 779,301,228) (first three months 2019: 781,606,263), reflecting the weighted average number of shares

Three-month period ended 31 March 2019 (unaudited)

Three-month period ended 31 March 2018 (unaudited)

Year ended 31 December 2017 as restated (1)

Year ended 31 December 2017 as reported

Year ended 31 December 2016 as reported

Year ended 31 December 2018

Profit for the period attributable to equity owners of the parent (Net income), adjusted for diluted calculation Weighted average number of ordinary shares (diluted)

€42 million

€285 million

€3,061 million

€2,368 million €2,880 million €1,002 million

781,606,263

780,059,523

780,943,038

779,301,228 779,301,228 779,109,634

Diluted earnings per share

€0.05

€ 0.37

€3.92

€3.04

€3.70

€1.29

(1) Previous year figures are restated due to the application of IFRS 15.

For further information, please refer to the “Notes to the IFRS Consolidated Financial Statements — Note 16: Earnings per Share” and “Note 32: Total Equity”.

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Airbus / Registration Document 2018