Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share Attributable to Common Stockholders (Details)

v3.20.2
Net Income (Loss) Per Share Attributable to Common Stockholders (Details) - $ / shares
shares in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]        
Weighted Average Number of Common Shares Outstanding, Basic 252.1 257.4 252.6 257.3
Dilutive Unvested Stock 0.3 0.0 0.7 1.3
Weighted Average Number of Shares Outstanding, Diluted 252.4 257.4 253.3 258.6
Basic net income (loss) per share attributable to common stockholders [1] $ 0.78 $ (0.44) $ 2.27 $ 0.11
Diluted net income (loss) per share attributable to common stockholders [1] $ 0.78 $ (0.44) $ 2.26 $ 0.11
Antidilutive securities excluded from computation of earnings per share 7.3 21.6 7.0 21.6
Unvested stock [Member]        
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]        
Antidilutive securities excluded from computation of earnings per share [2] 2.8 3.8 2.5 3.8
2021 Cheniere Convertible Notes [Member]        
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]        
Antidilutive securities excluded from computation of earnings per share [3] 0.0 13.3 0.0 13.3
2025 CCH HoldCo II Convertible Notes [Member]        
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]        
Antidilutive securities excluded from computation of earnings per share [4] 0.0 0.0 0.0 0.0
2045 Cheniere Convertible Notes [Member]        
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]        
Antidilutive securities excluded from computation of earnings per share 4.5 4.5 4.5 4.5
Restricted Stock With Unsatisfied Performance Conditions [Member]        
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]        
Antidilutive securities excluded from computation of earnings per share 0.7 0.6 0.7 0.6
[1]
Earnings per share in the table may not recalculate exactly due to rounding because it is calculated based on whole numbers, not the rounded numbers presented.
[2]
Does not include 0.7 million shares for each of the three and six months ended June 30, 2020 and 0.6 million shares for each of the three and six months ended June 30, 2019, respectively, of unvested stock because the performance conditions had not yet been satisfied as of the respective dates.
[3]
Since we have the intent and ability to settle the remaining outstanding principal amount of the 2021 Cheniere Convertible Unsecured Notes in cash and the excess conversion premium (the “conversion spread”) in either cash or shares, the treasury stock method was applied for calculating any potential dilutive effect of the conversion spread on net income per share for the three and six months ended June 30, 2020. However, since the average market price of our common stock did not exceed the conversion price of our 2021 Cheniere Convertible Unsecured Notes, the conversion spread was excluded from the computation of diluted net income per share for the three and six months ended June 30, 2020.
[4]
Since we had the intent and ability to settle the principal amount and the premium upon redemption of the 2025 CCH HoldCo II Convertible Senior Notes in cash, as previously described in Note 10—Debt, the 2025 CCH HoldCo II Convertible Senior Notes were not included in the computation of net income per share for the three and six months ended June 30, 2020. There were no shares related to the conversion of the 2025 CCH HoldCo II Convertible Senior Notes included in the computation of diluted net income (loss) per share for the three and six months ended June 30, 2019, because the substantive non-market based contingencies underlying the eligible conversion date were not met as of June 30, 2019.