Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

v3.22.2.2
Net Loss Per Share Attributable to Common Stockholders
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS
The following table reconciles basic and diluted weighted average common shares outstanding and common stock dividends declared (in millions, except per share data):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Net loss attributable to common stockholders $ (2,385) $ (1,084) $ (2,509) $ (1,020)
Weighted average common shares outstanding:    
Basic 249.9  253.6  252.5  253.3 
Dilutive unvested stock —  —  —  — 
Diluted 249.9  253.6  252.5  253.3 
Net loss per share attributable to common stockholders—basic and diluted
 $ (9.54) $ (4.27) $ (9.94) $ (4.03)
Dividends paid per common share $ 0.33  $ —  $ 0.99  $ — 
On September 12, 2022, we declared a quarterly dividend of $0.395 per share of common stock that is payable on November 16, 2022 to shareholders of record as of November 8, 2022.

Potentially dilutive securities that were not included in the diluted net loss per share computations because their effects would have been anti-dilutive were as follows (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Unvested stock (1) 2.5  1.8  2.3  1.6 
2045 Cheniere Convertible Senior Notes (2) —  4.5  0.2  4.5 
Total potentially dilutive common shares 2.5  6.3  2.5  6.1 
(1)Includes the impact of unvested shares containing performance conditions to the extent that the underlying performance conditions are satisfied based on actual results as of the respective dates.
(2)As described in Note 9—Debt, the 2045 Cheniere Convertible Senior Notes were redeemed or converted in cash on January 5, 2022. However, the adoption of ASU 2020-06 on January 1, 2022 required a presumption of share settlement for the purpose of calculating the impact to diluted earnings per share during the period the notes were outstanding in 2022. Such impact was anti-dilutive as a result of the reported net loss attributable to common shareholders during the 2022 period. See Note 1—Nature of Operations and Basis of Presentation for further discussion of our adoption of ASU 2020-06.