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Earnings Per Share
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 4 — EARNINGS PER SHARE

We compute basic earnings per share using the weighted average number of common shares outstanding. We compute diluted earnings per share using the weighted average number of common shares outstanding, plus the dilutive effect of outstanding stock options, stock appreciation rights and restricted share units, computed using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share for the quarters and nine months ended September 30, 2014 and 2013 (dollars in millions, except per share amounts, and shares in thousands):

 

     Quarter      Nine Months  
     2014      2013      2014      2013  

Net income attributable to HCA Holdings, Inc.

   $ 518       $ 365       $ 1,348       $ 1,132   

Weighted average common shares outstanding

     432,617         447,329         437,832         446,125   

Effect of dilutive incremental shares

     14,643         16,240         14,706         16,926   
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares used for diluted earnings per share

     447,260         463,569         452,538         463,051   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per share:

           

Basic earnings per share

   $ 1.20       $ 0.82       $ 3.08       $ 2.54   

Diluted earnings per share

   $ 1.16       $ 0.79       $ 2.98       $ 2.44