Earnings Per Share

9 Months Ended

Sep. 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 nine months ended September 30, 2015 and 2014 (dollars and shares in millions, except per share amounts):


	Quarter				Nine Months
	2015		2014		2015		2014
Net income attributable to HCA Holdings, Inc.	$	449	$	518	$	1,547	$	1,348

Weighted average common shares outstanding		414.939		432.617		417.146		437.832
Effect of dilutive incremental shares		11.502		14.643		13.208		14.706

Shares used for diluted earnings per share		426.441		447.260		430.354		452.538

Earnings per share:
Basic earnings per share	$	1.08	$	1.20	$	3.71	$	3.08
Diluted earnings per share	$	1.05	$	1.16	$	3.60	$	2.98