CenterPoint Energy 2015 Annual Report Download - page 124

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(15) Earnings Per Share
ThefollowingtablereconcilesnumeratorsanddenominatorsofCenterPointEnergy’sbasicanddilutedearnings(loss)persharecalculations:
For the Year Ended December 31,
2015
2014
2013
(in millions, except per share and share amounts)
Netincome(loss) $ (692)
$ 611
$ 311
Basic weighted average shares outstanding 430,180,000
429,634,000
428,466,000
Plus:Incrementalsharesfromassumedconversions:
Stockoptions —
—
41,000
Restrictedstock(1) —
2,034,000
2,423,000
Diluted weighted average shares 430,180,000
431,668,000
430,930,000
Basic earnings (loss) per share $ (1.61)
$ 1.42
$ 0.73
Diluted earnings (loss) per share $ (1.61)
$ 1.42
$ 0.72
(1) 2,349,000incrementalsharesfromassumedconversionsofrestrictedstockhavenotbeenincludedinthecomputationofdilutedearnings(loss)pershare
fortheyearendedDecember31,2015,astheirinclusionwouldbeanti-dilutive.
(16) Unaudited Quarterly Information
Summarizedquarterlyfinancialdataisasfollows:
Year Ended December 31, 2015
First
Quarter
Second
Quarter
Third
Quarter (2)
Fourth
Quarter (3)
(in millions, except per share amounts)
Revenues $ 2,433
$ 1,532
$ 1,630
$ 1,791
Operatingincome 256
186
265
226
Netincome(loss) 131
77
(391)
(509)
Basicearnings(loss)pershare(1) $ 0.30
$ 0.18
$ (0.91)
$ (1.18)
Dilutedearnings(loss)pershare(1) $ 0.30
$ 0.18
$ (0.91)
$ (1.18)
Year Ended December 31, 2014
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter (4)
(in millions, except per share amounts)
Revenues $ 3,163
$ 1,884
$ 1,807
$ 2,372
Operatingincome 295
186
233
221
Netincome 185
107
143
176
Basicearningspershare(1) $ 0.43
$ 0.25
$ 0.33
$ 0.41
Dilutedearningspershare(1) $ 0.43
$ 0.25
$ 0.33
$ 0.41
(1) Quarterly earnings (loss) per common share are based on the weighted average number of shares outstanding during the quarter, and the sum of the
quartersmaynotequalannualearnings(loss)percommonshare.
118