Earnings Per Share

6 Months Ended

Jun. 30, 2015

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 six months ended June 30, 2015 and 2014 (dollars and shares in millions, except per share amounts):


	Quarter				Six Months
	2015		2014		2015		2014
Net income attributable to HCA Holdings, Inc.	$	507	$	483	$	1,098	$	830

Weighted average common shares outstanding		416.407		438.833		418.267		440.482
Effect of dilutive incremental shares		12.962		14.176		14.062		14.738

Shares used for diluted earnings per share		429.369		453.009		432.329		455.220

Earnings per share:
Basic earnings per share	$	1.22	$	1.10	$	2.63	$	1.88
Diluted earnings per share	$	1.18	$	1.07	$	2.54	$	1.82