Earnings Per Share

12 Months Ended

Dec. 31, 2016

NOTE 5 — 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, SARs, RSUs and PSUs, computed using the treasury stock method. During 2016, 2015 and 2014, we repurchased 36.325 million shares, 31.991 million shares and 28.583 million shares, respectively, of our common stock. The following table sets forth the computations of basic and diluted earnings per share for the years ended December 31, 2016, 2015 and 2014 (dollars and shares in millions, except per share amounts):


	2016		2015		2014
Net income attributable to HCA Holdings, Inc.	$	2,890	$	2,129	$	1,875

Weighted average common shares outstanding		383.591		414.193		435.668
Effect of dilutive incremental shares		12.260		12.528		14.684

Shares used for diluted earnings per share		395.851		426.721		450.352

Earnings per share:
Basic earnings per share	$	7.53	$	5.14	$	4.30
Diluted earnings per share	$	7.30	$	4.99	$	4.16