NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
The following table (in thousands, except for loss per share) reconciles basic and diluted weighted average common shares outstanding for the years ended December 31, 2016, 2015 and 2014:
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Year Ended December 31, |
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2016 |
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2015 |
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2014 |
Weighted average common shares outstanding: |
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Basic |
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228,768 |
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226,903 |
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224,338 |
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Dilutive common stock options and unvested stock |
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— |
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— |
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— |
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Diluted |
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228,768 |
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226,903 |
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224,338 |
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Basic and diluted net loss per share attributable to common stockholders |
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$ |
(2.67 |
) |
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$ |
(4.30 |
) |
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$ |
(2.44 |
) |
Potentially dilutive securities that were not included in the diluted net loss per share computations because their effect would have been anti-dilutive were as follows (in thousands):
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Year Ended December 31, |
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2016 |
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2015 |
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2014 |
Stock options and unvested stock (1) |
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621 |
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2,134 |
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5,063 |
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Convertible Notes (2) |
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16,328 |
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15,773 |
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10,727 |
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Total dilutive common shares |
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16,949 |
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17,907 |
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15,790 |
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(1) |
Does not include 5.0 million shares, 5.4 million shares and 5.5 million shares for the years ended December 31, 2016, 2015 and 2014, respectively, of unvested stock because the performance conditions had not yet been satisfied as of December 31, 2016, 2015 and 2014, respectively.
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(2) |
Includes shares in aggregate issuable upon conversion of the 2021 Cheniere Convertible Unsecured Notes and the 2045 Cheniere Convertible Senior Notes. There were no shares included in the computation of diluted net loss per share for the 2025 CCH HoldCo II Convertible Senior Notes because substantive non-market-based contingencies underlying the eligible conversion date have not been met as of December 31, 2016.
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