Originally Posted by
Sunvox
Huh?
How to calculate and report EPS is clearly defined in many areas not least of which is GAAP accounting rules. Common Shares outstanding are listed under Stockholder Equity in the Q2 UAL 10-Q and are all that matter when reporting under GAAP.
323 mil Q2 2016 vs 365 mil Q4 2015
Share buy backs do not impact PS nor are EPS calculations relevant to PS.
But the buybacks do allow mgmt to remove shares from trading that way they can sprinkle them among top mgmt as bonuses and have little effect on shares issued just using current cash flow.