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, 2018, 2017 and 2016 (in millions, except per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
2018 |
|
2017 |
|
2016 |
Weighted average common shares outstanding: |
|
|
|
|
|
|
Basic |
|
245.6 |
|
|
233.1 |
|
|
228.8 |
|
Dilutive unvested stock |
|
2.4 |
|
|
— |
|
|
— |
|
Diluted |
|
248.0 |
|
|
233.1 |
|
|
228.8 |
|
|
|
|
|
|
|
|
Basic net income (loss) per share attributable to common stockholders |
|
$ |
1.92 |
|
|
$ |
(1.68 |
) |
|
$ |
(2.67 |
) |
Diluted net income (loss) per share attributable to common stockholders |
|
$ |
1.90 |
|
|
$ |
(1.68 |
) |
|
$ |
(2.67 |
) |
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, |
|
2018 |
|
2017 |
|
2016 |
Unvested stock (1) |
0.8 |
|
|
3.4 |
|
|
0.6 |
|
Convertible notes (2) |
17.5 |
|
|
16.9 |
|
|
16.3 |
|
Total potentially dilutive common shares |
18.3 |
|
|
20.3 |
|
|
16.9 |
|
|
|
(1) |
Does not include 0.4 million shares, 0.2 million shares and 5.0 million shares for each of the years ended December 31, 2018, 2017 and 2016, of unvested stock because the performance conditions had not yet been satisfied as of December 31, 2018, 2017 and 2016, respectively.
|
|
|
(2) |
Includes number of 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 income (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, 2018.
|
|