EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2020

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:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions, except per share amounts)	2020		2019		2020		2019
Income (Loss) attributable to common shareholders	$	83	$	(1,619)	$	(1,518)	$	(4,039)
Weighted average common shares outstanding, basic	1,967		529		1,012		528
Add incremental shares from assumed conversions:
Employee share-based compensation	5		—		—		—
Equity Units	168		—		—		—
Weighted average common shares outstanding, diluted	2,140		529		1,012		528
Total Income (loss) per common share, diluted	$	0.04	$	(3.06)	$	(1.50)	$	(7.65)

All potentially dilutive securities were excluded from the calculation of outstanding common shares on a diluted basis in periods where PG&E Corporation has incurred a net loss.