Earnings Per Share

9 Months Ended

Sep. 30, 2016

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 equity awards and potential shares, 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, 2016 and 2015 (dollars and shares in millions, except per share amounts):


	Quarter				Nine Months
	2016		2015		2016		2015
Net income attributable to HCA Holdings, Inc.	$	618	$	449	$	1,970	$	1,547

Weighted average common shares outstanding		378.199		414.939		386.968		417.146
Effect of dilutive incremental shares		11.393		11.502		12.609		13.208

Shares used for diluted earnings per share		389.592		426.441		399.577		430.354

Earnings per share:
Basic earnings per share	$	1.63	$	1.08	$	5.09	$	3.71
Diluted earnings per share	$	1.59	$	1.05	$	4.93	$	3.60