EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

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 March 31,
(in millions, except per share amounts)	2021		2020
Income attributable to common shareholders	$	120	$	371
Weighted average common shares outstanding, basic	1,985		529
Add incremental shares from assumed conversions:
Employee share-based compensation	5		—
Equity Units	141		119
Weighted average common shares outstanding, diluted	2,131		648
Total Income per common share, diluted	$	0.06	$	0.57

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.