XML 52 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic and diluted earnings per share are based on the weighted-average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, includes the effects of dilutive RSUs, stock options and convertible securities. The effect of such potential common stock is computed using the treasury stock method or the if-converted method, as applicable.
The following table is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for income (loss) from continuing operations for the three months ended March 31, 2017 and 2016, where income or loss represents the numerator and weighted-average shares represent the denominator.
Three Months Ended March 31,
2017
 
2016
(in millions, except per share data)
Loss
 
Shares
 
$ per Share
 
Income
 
Shares
 
$ per Share
BASIC EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax
$
(24
)
 
659

 
$
(0.04
)
 
$
135

 
661

 
$
0.20

EFFECT OF DILUTIVE SECURITIES
 
 
 
 
 
 
 
 
 
 
 
Restricted stock units
—

 
—

 
—

 
—

 
2

 
—

DILUTED EARNINGS PER SHARE
$
(24
)
 
659

 
$
(0.04
)
 
$
135

 
663

 
$
0.20


For the three months ended March 31, 2017 and 2016, respectively, the calculation of diluted earnings per share excluded 7 million and 8 million stock awards outstanding that could potentially dilute basic earnings per share in the future. Additionally, for the three months ended March 31, 2017 and 2016, all 15 million convertible debentures were omitted from the earnings per share calculation as the impact would have been anti-dilutive.
For the three months ended March 31, 2017, the calculation of diluted earnings per share also excluded 4 million outstanding restricted stock units, that could potentially dilute earnings per share in the future. These restricted units were not included in the computation of diluted earnings per share for the three months ended March 31, 2017 because their impact would be anti-dilutive given the loss from continuing operations. Had the Company generated income from continuing operations in the three months ended March 31, 2017, 3 million potential shares of common stock related to the restricted stock units would have been included in diluted average shares outstanding.