XML 96 R26.htm IDEA: XBRL DOCUMENT v3.20.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2020
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 and stock options. The effect of such potential common stock is computed using the treasury stock method.
The following table is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations for the three months ended March 31, 2020 and 2019, where income represents the numerator and weighted average shares represent the denominator.
Three Months Ended March 31,
2020
 
2019
(in millions, except per share data)
Income
 
Shares
 
$ per Share
 
Income
 
Shares
 
$ per Share
 
 
 
 
 
 
 
 
 
 
 
 
BASIC EARNINGS PER SHARE
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations attributable to The AES Corporation common stockholders
$
144

 
664

 
$
0.22

 
$
154

 
663

 
$
0.23

EFFECT OF DILUTIVE SECURITIES
 
 
 
 
 
 
 
 
 
 
 
Stock options
—

 
1

 
—

 
—

 
1

 
—

Restricted stock units
—

 
3

 
—

 
—

 
3

 
—

DILUTED EARNINGS PER SHARE
$
144

 
668

 
$
0.22

 
$
154

 
667

 
$
0.23


The calculation of diluted earnings per share excluded 1 million stock awards outstanding for the three months ended March 31, 2020 and 2019, which would be anti-dilutive. These stock awards could potentially dilute basic earnings per share in the future.