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Earnings Per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

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 2018, 2017 and 2016, we repurchased 14.070 million shares, 25.092 million shares and 36.325 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, 2018, 2017 and 2016 (dollars and shares in millions, except per share amounts):

 

     2018      2017      2016  

Net income attributable to HCA Healthcare, Inc.

   $ 3,787      $ 2,216      $ 2,890  

Weighted average common shares outstanding

     347.297        362.305        383.591  

Effect of dilutive incremental shares

     8.006        9.916        12.260  
  

 

 

    

 

 

    

 

 

 

Shares used for diluted earnings per share

     355.303        372.221        395.851  
  

 

 

    

 

 

    

 

 

 

Earnings per share:

        

Basic earnings per share

   $ 10.90      $ 6.12      $ 7.53  

Diluted earnings per share

   $ 10.66      $ 5.95      $ 7.30