EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2019

PG&E Corporation’s basic EPS are 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:



	Three Months Ended March 31,
(in millions, except per share amounts)	2019		2018
Income available for common shareholders	$	136	$	445
Preferred stock dividend requirement of subsidiary	3		3
Adjusted income available for common shareholders	133		442
Weighted average common shares outstanding, basic	526		515
Add incremental shares from assumed conversions:
Employee share-based compensation	1		1
Weighted average common shares outstanding, diluted	527		516
Total earnings per common share, diluted	$	0.25	$	0.86

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.