Per Share Information

6 Months Ended

Jun. 30, 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 and six months ended June 30, 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 June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Net income (loss) attributable to CCIC stockholders	$	246		$	180		$	456		$	294
Dividends on preferred stock	(28		)	(28		)	(57		)	(57		)
Net income (loss) attributable to CCIC common stockholders for basic and diluted computations	$	218		$	152		$	399		$	237
Weighted-average number of common shares outstanding (in millions):
Basic weighted-average number of common stock outstanding	416			415			415			412
Effect of assumed dilution from potential issuance of common shares relating to restricted stock units	2			1			2			1
Diluted weighted-average number of common shares outstanding	418			416			417			413
Net income (loss) attributable to CCIC common stockholders, per common share:
Basic	$	0.52		$	0.37		$	0.96		$	0.58
Diluted	$	0.52		$	0.36		$	0.95		$	0.57
Dividends/distributions declared per share of common stock	$	1.125		$	1.05		$	2.250		$	2.10
Dividends declared per share of preferred stock	$	17.1875		$	17.1875		$	34.3750		$	34.3750

During the six months ended June 30, 2019, the Company granted one million restricted stock units. For both the three and six months ended June 30, 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 June 30, 2019.