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Earnings Per Share
12 Months Ended
Dec. 31, 2017
Earnings Per Share

NOTE 7: EARNINGS PER SHARE

 

PG&E Corporation’s basic EPS is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation’s income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS for 2017, 2016, and 2015.

 

 

Year Ended December 31,

(in millions, except per share amounts)

2017

 

2016

 

2015

Income available for common shareholders

$

1,646 

 

$

1,393 

 

$

874 

Weighted average common shares outstanding, basic

 

512 

 

 

499 

 

 

484 

Add incremental shares from assumed conversions:

 

 

 

 

 

 

 

 

Employee share-based compensation

 

1 

 

 

2 

 

 

3 

Weighted average common share outstanding, diluted

 

513 

 

 

501 

 

 

487 

Total earnings per common share, diluted

$

3.21 

 

$

2.78 

 

$

1.79 

 

For each of the periods presented above, the calculation of outstanding common shares on a diluted basis excluded an insignificant amount of options and securities that were antidilutive.