Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share Attributable to Common Stockholders (Tables)

v3.19.2
Net Income Per Share Attributable to Common Stockholders (Tables)
 6 Months Ended
Jun. 30, 2019
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 and six months ended June 30, 2019 and 2018 (in millions, except per share data):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Weighted average common shares outstanding:
 
 
 
 
 
 
 
 
Basic
 
257.4

 
242.8

 
257.3

 
239.2

Dilutive unvested stock
 
—

 
—

 
1.3

 
2.5

Diluted
 
257.4

 
242.8

 
258.6

 
241.7

 
 
 
 
 
 
 
 
 
Basic net income (loss) per share attributable to common stockholders
 
$
(0.44
)
 
$
(0.07
)
 
$
0.11

 
$
1.42

Diluted net income (loss) per share attributable to common stockholders
 
$
(0.44
)
 
$
(0.07
)
 
$
0.11

 
$
1.40


Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
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):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2019
 
2018
 
2019
 
2018
Unvested stock (1)
 
3.8

 
5.2

 
3.8

 
2.6

Convertible notes (2)
 
17.8

 
17.2

 
17.8

 
17.2

Total potentially dilutive common shares
 
21.6

 
22.4

 
21.6

 
19.8

 
(1)
Does not include 0.6 million shares for each of the three and six months ended June 30, 2019 and 0.4 million shares for each of the three and six months ended June 30, 2018 of unvested stock because the performance conditions had not yet been satisfied as of June 30, 2019 and 2018, 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 June 30, 2019.