Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

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Net Loss Per Share Attributable to Common Stockholders
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders
NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

Basic net loss per share attributable to common stockholders (“EPS”) excludes dilution and is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS reflects potential dilution and is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period increased by the number of additional common shares that would have been outstanding if the potential common shares had been issued.
 
The following table (in thousands, except for loss per share) reconciles basic and diluted weighted average common shares outstanding for the three months ended March 31, 2016 and 2015:
 
 
Three Months Ended March 31,
 
 
2016
 
2015
Weighted average common shares outstanding:
 
 
 
 
Basic
 
228,138

 
226,328

Dilutive common stock options (1)
 
—

 
—

Diluted
 
228,138

 
226,328

 
 
 
 
 
Basic and diluted net loss per share attributable to common stockholders
 
$
(1.41
)
 
$
(1.18
)
 
(1)
Stock options and unvested stock of 7.4 million shares and 10.3 million shares as of March 31, 2016 and 2015, respectively, representing securities that could potentially dilute basic EPS in the future, were not included in the diluted net loss per share computations because their effect would have been anti-dilutive. In addition, 82.7 million and 21.1 million shares in aggregate, issuable upon conversion of the 2021 Cheniere Convertible Unsecured Notes, the 2025 CCH HoldCo II Convertible Senior Notes and the 2045 Cheniere Convertible Senior Notes, were not included in the computation of diluted net loss per share for the three months ended March 31, 2016 and 2015, respectively, because the computation of diluted net loss per share utilizing the “if-converted” method at the share price as of March 31, 2016 and 2015, respectively, would be anti-dilutive.