Net Income (Loss) Per Share Attributable to Common Stockholders

12 Months Ended

Dec. 31, 2022

Net Income (Loss) Per Share Attributable to Common Stockholders

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table reconciles basic and diluted weighted average common shares outstanding and common stock dividends declared (in millions, except per share data):


	Year Ended December 31,
		2022		2021		2020
Net income (loss) attributable to common stockholders		$	1,428	$	(2,343)	$	(85)

Weighted average common shares outstanding:
Basic		251.1		253.4		252.4
Dilutive unvested stock		2.3		—		—

Diluted		253.4		253.4		252.4

Net income (loss) per share attributable to common stockholders—basic		$	5.69	$	(9.25)	$	(0.34)
Net income (loss) per share attributable to common stockholders—diluted		$	5.64	$	(9.25)	$	(0.34)

Dividends paid per common share		$	1.385	$	0.33	$	—

On January 27, 2023, we declared a quarterly dividend of $0.395 per share of common stock that is payable on February 27, 2023 to stockholders of record as of February 7, 2023.

Potentially dilutive securities that were not included in the diluted net income (loss) per share computations because their effects would have been anti-dilutive were as follows (in millions):


	Year Ended December 31,
		2022	2021	2020
Unvested stock (1)		—	1.8	3.4



2045 Cheniere Convertible Senior Notes (2)		0.3	—	4.5
Total potentially dilutive common shares		0.3	1.8	7.9

(1)Includes the impact of unvested shares containing performance conditions to the extent that the underlying performance conditions are satisfied based on actual results as of the respective dates.

(2)As described in Note 11 —Debt, the 2045 Cheniere Convertible Senior Notes were redeemed or converted in cash on January 5, 2022. However, the adoption of ASU 2020-06 on January 1, 2022 required a presumption of share settlement for the purpose of calculating the impact to diluted earnings per share during the period the notes were outstanding in 2022. Such impact was anti-dilutive as a result of the reported net loss attributable to common stockholders during the 2022 period. See Note 2—Summary of Significant Accounting Policies for further discussion of our adoption of ASU 2020-06.