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Non-GAAP measures in Statement of Earnings
Financial Report
| Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Reconciliation of earnings attributable to Vivendi SA shareowners to adjusted net income
(in millions of euros)
Year ended December 31,
2014
2013
Earnings attributable to Vivendi SA shareowners
(a)
4,744
1,967
Adjustments
Amortization of intangible assets acquired through business combinations
344
350
Impairment losses on intangible assets acquired through business combinations
(a)
92
6
Other income
(a)
(203)
(88)
Other charges
(a)
30
50
Other financial income
(a)
(19)
(13)
Other financial charges
(a)
751
300
Earnings from discontinued operations
(a)
(5,262)
(2,633)
of which capital gain on the divestiture of SFR
(2,378)
-
impairment of SFR’s goodwill
-
2,431
capital gain on the divestiture of Maroc Telecom group
(786)
-
capital gain on Activision Blizzard shares
(84)
(2,915)
Change in deferred tax asset related to Vivendi SA’s French Tax Group and to the Consolidated Global Profit Tax Systems
37
(109)
Non-recurring items related to provision for income taxes
5
28
Provision for income taxes on adjustments
(112)
(106)
Non-controlling interests on adjustments
219
702
Adjusted net income
626
454
(a)
As reported in the Consolidated Statement of Earnings.
Adjusted net income per share
Year ended December 31,
2014
2013
Basic
Diluted
Basic
Diluted
Adjusted net income
(in millions of euros)
626
626
454
454
Number of shares
(in millions)
Weighted average number of shares outstanding
(a)
1,345.8
1,345.8
1,330.6
1,330.6
Potential dilutive effects related to share-based compensation
-
5.5
-
4.7
Adjusted weighted average number of shares
1,345.8
1,351.3
1,330.6
1,335.3
Adjusted net income per share
(in euros)
0.46
0.46
0.34
0.34
(a)
Net of treasury shares (50,033 shares as of December 31, 2014).
192
Annual Report 2014