XML 28 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Weighted Average Common Shares
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Weighted Average Common Shares

10.  Weighted Average Common Shares

The Net income (loss) and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows:  

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

(In millions)

 

Net income (loss) attributable to Hess Corporation Common Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(87

)

 

$

(417

)

 

$

(152

)

 

$

(713

)

Less: Net income (loss) attributable to noncontrolling interests

 

 

43

 

 

 

32

 

 

 

84

 

 

 

60

 

Less: Preferred stock dividends

 

 

12

 

 

 

11

 

 

 

23

 

 

 

23

 

Net income (loss) attributable to Hess Corporation Common Stockholders

 

$

(142

)

 

$

(460

)

 

$

(259

)

 

$

(796

)

 

Weighted average number of common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

297.5

 

 

 

314.4

 

 

 

303.5

 

 

 

314.2

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted common stock

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

 

 

 

 

 

 

Performance share units

 

 

 

 

 

 

 

 

 

 

 

 

Mandatory convertible preferred stock

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

297.5

 

 

 

314.4

 

 

 

303.5

 

 

 

314.2

 

The following table summarizes the number of antidilutive shares excluded from the computation of diluted shares:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Restricted common stock

 

 

2,849,465

 

 

 

3,450,490

 

 

 

2,885,890

 

 

 

3,288,356

 

Stock options

 

 

5,623,004

 

 

 

6,550,253

 

 

 

5,715,292

 

 

 

6,424,574

 

Performance share units

 

 

1,072,395

 

 

 

522,280

 

 

 

847,741

 

 

 

417,642

 

Common shares from conversion of preferred stocks

 

 

12,547,650

 

 

 

12,734,069

 

 

 

12,566,312

 

 

 

12,640,859

 

During the six months ended June 30, 2018, we granted 1,081,923 shares of restricted stock (2017: 1,209,247), 278,003 performance share units (2017: 438,980) and 683,167 stock options (2017: 662,819).