Earnings Per Share (CenterPoint Energy) (Tables)

12 Months Ended

Dec. 31, 2020

Basic and Diluted Earnings Per Share [Table Text Block]

The following table reconciles numerators and denominators of CenterPoint Energy’s basic and diluted earnings per common share. Basic earnings per common share is determined by dividing Income available to common shareholders - basic by the Weighted average common shares outstanding - basic for the applicable period. Diluted earnings per common share is determined by the inclusion of potentially dilutive common stock equivalent shares that may occur if securities to issue Common Stock were exercised or converted into Common Stock.


	For the Year Ended December 31,
	2020		2019		2018
	(in millions, except per share and share amounts)
Numerator:
Income (loss) from continuing operations	$	(591)	$	682	$	396
Less: Preferred stock dividend requirement (Note 13)	144		117		35
Less: Amortization of beneficial conversion feature (Note 13)	32		—		—
Less: Undistributed earnings allocated to preferred shareholders (1)	—		—		—
Income (loss) available to common shareholders from continuing operations - basic and diluted	(767)		565		361
Income (loss) available to common shareholders from discontinued operations - basic and diluted	(182)		109		(28)
Income (loss) available to common shareholders - basic and diluted	$	(949)	$	674	$	333
Denominator:
Weighted average common shares outstanding - basic	531,031,000		502,050,000		448,829,000
Plus: Incremental shares from assumed conversions:
Restricted stock (2)	—		3,107,000		3,636,000
Series B Preferred Stock (3)	—		—		—
Series C Preferred Stock (4)	—		—		—
Weighted average common shares outstanding - diluted	531,031,000		505,157,000		452,465,000

Earnings (loss) per common share:
Basic earnings (loss) per common share - continuing operations	$	(1.45)	$	1.12	$	0.80
Basic earnings (loss) per common share - discontinued operations	(0.34)		0.22		(0.06)
Basic Earnings (Loss) Per Common Share	$	(1.79)	$	1.34	$	0.74
Diluted earnings (loss) per common share - continuing operations	$	(1.45)	$	1.12	$	0.80
Diluted earnings (loss) per common share - discontinued operations	(0.34)		0.21		(0.06)
Diluted Earnings (Loss) Per Common Share	$	(1.79)	$	1.33	$	0.74

(1)There were no undistributed earnings to be allocated to participating securities for the year ended December 31, 2020.

(2)The computation of diluted earnings (loss) per common share outstanding for the year ended December 31, 2020 excludes 3,690,000 incremental common shares from assumed conversions of restricted stock from the denominator because the shares would be anti-dilutive.

(3)The computation of diluted earnings (loss) per common share outstanding for the years ended December 31, 2020, 2019 and 2018 excludes 35,922,000, 34,354,000, and 8,885,000 of incremental common shares from assumed conversion of Series B Preferred Stock from the denominator, respectively, because the shares would be anti-dilutive.

(4)The computation of diluted earnings (loss) per common share outstanding for the year ended December 31, 2020 excludes 23,807,000 of incremental common shares from assumed conversion of Series C Preferred Stock from the denominator because the shares would be anti-dilutive.