Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share Attributable to Common Stockholders

v3.19.3.a.u2
Net Income (Loss) Per Share Attributable to Common Stockholders
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Attributable to Common Stockholders NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table reconciles basic and diluted weighted average common shares outstanding for the years ended December 31, 2019, 2018 and 2017 (in millions, except per share data):
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
Weighted average common shares outstanding:
 
 
 
 
 
 
Basic
 
256.2

 
245.6

 
233.1

Dilutive unvested stock
 
1.9

 
2.4

 
—

Diluted
 
258.1

 
248.0

 
233.1

 
 
 
 
 
 
 
Basic net income (loss) per share attributable to common stockholders
 
$
2.53

 
$
1.92

 
$
(1.68
)
Diluted net income (loss) per share attributable to common stockholders
 
$
2.51

 
$
1.90

 
$
(1.68
)


Potentially dilutive securities that were not included in the diluted net income (loss) per share computations because their effects would have been anti-dilutive were as follows (in millions):
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
Unvested stock (1)
 
2.3

 
0.8

 
3.4

Convertible notes (2)
 
43.7

 
17.5

 
16.9

Total potentially dilutive common shares
 
46.0

 
18.3

 
20.3

 
(1)
Does not include 0.5 million shares, 0.4 million shares and 0.2 million shares for the years ended December 31, 2019, 2018 and 2017, respectively, of unvested stock because the performance conditions had not yet been satisfied as of the respective dates.
(2)
Includes number of shares in aggregate issuable upon conversion of the 2021 Cheniere Convertible Unsecured Notes and the 2045 Cheniere Convertible Senior Notes for all periods presented and the 2025 CCH HoldCo II Convertible Senior Notes upon the substantial completion of Train 2 of the CCL Project during the year ended December 31, 2019.