Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share Attributable to Common Stockholders (Tables)

v3.8.0.1
Net Income Per Share Attributable to Common Stockholders (Tables)
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles basic and diluted weighted average common shares outstanding for the three months ended March 31, 2018 and 2017 (in millions, except per share data):
 
 
Three Months Ended March 31,
 
 
2018
 
2017
Weighted average common shares outstanding:
 
 
 
 
Basic
 
235.5

 
232.4

Dilutive unvested stock
 
2.5

 
0.3

Diluted
 
238.0

 
232.7

 
 
 
 
 
Basic net income per share attributable to common stockholders
 
$
1.52

 
$
0.23

Diluted net income per share attributable to common stockholders
 
$
1.50

 
$
0.23

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Potentially dilutive securities that were not included in the diluted net income per share computations because their effects would have been anti-dilutive were as follows (in millions):
 
 
Three Months Ended March 31,
 
 
2018
 
2017
Unvested stock (1)
 
2.0

 
1.2

Convertible notes (2)
 
17.1

 
16.5

Total potentially dilutive common shares
 
19.1

 
17.7

 
(1)
Does not include 0.4 million shares and 5.1 million shares for the three months ended March 31, 2018 and 2017, respectively, of unvested stock because the performance conditions had not yet been satisfied as of March 31, 2018 and 2017, 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 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 March 31, 2018.