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Earnings Per Share
12 Months Ended
Dec. 31, 2015
Earnings Per Share

NOTE 7: EARNINGS PER SHARE

 

PG&E Corporation’s basic EPS is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation’s income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS for 2015, 2014, and 2013.

 

 

Year Ended December 31,

(in millions, except per share amounts)

2015

 

2014

 

2013

Income available for common shareholders

$

874 

 

$

1,436 

 

$

814 

Weighted average common shares outstanding, basic

 

484 

 

 

468 

 

 

444 

Add incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

Employee share-based compensation

 

3 

 

 

2 

 

 

1 

Weighted average common share outstanding, diluted

 

487 

 

 

470 

 

 

445 

Total earnings per common share, diluted

$

1.79 

 

$

3.06 

 

$

1.83 

 

For each of the periods presented above, the calculation of outstanding common shares on a diluted basis excluded an insignificant amount of options and securities that were antidilutive.