Earnings Per Share (CenterPoint Energy) (Tables)

12 Months Ended

Dec. 31, 2021

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,
	2021		2020		2019
	(in millions, except per share and share amounts)
Numerator:
Income from continuing operations	$	668	$	483	$	515
Less: Preferred stock dividend requirement (Note 13)	95		144		117
Less: Amortization of beneficial conversion feature (Note 13)	—		32		—
Less: Undistributed earnings allocated to preferred shareholders (1)	—		—		—
Income available to common shareholders from continuing operations - basic and diluted	573		307		398
Income (loss) available to common shareholders from discontinued operations - basic and diluted	818		(1,256)		276
Income (loss) available to common shareholders - basic and diluted	$	1,391	$	(949)	$	674
Denominator:
Weighted average common shares outstanding - basic	592,933,000		531,031,000		502,050,000
Plus: Incremental shares from assumed conversions:
Restricted stock	5,181,000		—		3,107,000

Series C Preferred Stock (3)	11,824,000		—		—
Weighted average common shares outstanding - diluted	609,938,000		531,031,000		505,157,000

Anti-dilutive Incremental Shares Excluded from Denominator for Diluted Earnings (Loss) Computation:
Restricted stock	—		3,690,000		—
Series B Preferred Stock (2)	23,906,000		35,922,000		34,354,000
Series C Preferred Stock (3)	—		23,807,000		—


	For the Year Ended December 31,
	2021		2020		2019
	(in millions, except per share and share amounts)
Earnings (loss) per common share:
Basic earnings per common share - continuing operations	$	0.97	$	0.58	$	0.79
Basic earnings (loss) per common share - discontinued operations	1.38		(2.37)		0.55
Basic Earnings (Loss) Per Common Share	$	2.35	$	(1.79)	$	1.34
Diluted earnings per common share - continuing operations	$	0.94	$	0.58	$	0.79
Diluted earnings (loss) per common share - discontinued operations	1.34		(2.37)		0.54
Diluted Earnings (Loss) Per Common Share	$	2.28	$	(1.79)	$	1.33

(1)There were no undistributed earnings to be allocated to participating securities for the years ended December 31, 2021 and 2020.

(2)As of December 31, 2021, all of the outstanding Series B Preferred Stock have been converted into Common Stock. For further information, see Note 13.

(3)As of December 31, 2021, all of the outstanding Series C Preferred Stock have been converted into Common Stock. For further information, see Note 13.