XML 26 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Per Share Information
3 Months Ended
Mar. 31, 2019
Per Share Information  
Per Share Information
Per Share Information
Basic net income (loss) attributable to CCIC common stockholders, per common share, excludes dilution and is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period. For the three months ended March 31, 2019 and 2018, diluted net income (loss) attributable to CCIC common stockholders, per common share, is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period, plus any potential dilutive common share equivalents, including shares issuable upon (1) the vesting of restricted stock units as determined under the treasury stock method and (2) conversion of the Company's 6.875% Mandatory Convertible Preferred Stock , as determined under the if-converted method.
 
Three Months Ended March 31,
 
2019
 
2018
Net income (loss) attributable to CCIC stockholders
$
210

 
$
114

Dividends on preferred stock
(28
)
 
(28
)
Net income (loss) attributable to CCIC common stockholders for basic and diluted computations
$
182

 
$
86

 
 
 
 
Weighted-average number of common shares outstanding (in millions):
 
 
 
Basic weighted-average number of common stock outstanding
415

 
409

Effect of assumed dilution from potential issuance of common shares relating to restricted stock units
2

 
1

Diluted weighted-average number of common shares outstanding
417

 
410

 
 
 
 
Net income (loss) attributable to CCIC common stockholders, per common share:
 
 
 
Basic
$
0.44

 
$
0.21

Diluted
$
0.44

 
$
0.21

 
 
 
 
Dividends/distributions declared per share of common stock
$
1.125

 
$
1.05

Dividends declared per share of preferred stock
$
17.1875

 
$
17.1875


During the three months ended March 31, 2019, the Company granted one million restricted stock units. For the three months ended March 31, 2019, 14 million common share equivalents related to the 6.875% Mandatory Convertible Preferred Stock were excluded from the dilutive common shares because the impact of such conversion would be anti-dilutive, based on the Company's common stock price as of March 31, 2019.