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Earnings Per Share
9 Months Ended
Sep. 30, 2018
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 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, 2018 and 2017 (dollars and shares in millions, except per share amounts):

 

     Quarter      Nine Months  
     2018      2017      2018      2017  

Net income attributable to HCA Healthcare, Inc.

   $ 759      $ 426      $ 2,723      $ 1,742  

Weighted average common shares outstanding

     345.823        360.170        348.411        365.398  

Effect of dilutive incremental shares

     7.816        9.664        7.713        9.615  
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares used for diluted earnings per share

     353.639        369.834        356.124        375.013  
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per share:

           

Basic earnings

   $ 2.20      $ 1.18      $ 7.82      $ 4.77  

Diluted earnings

   $ 2.15      $ 1.15      $ 7.65      $ 4.64