Chesapeake Energy 2015 Annual Report Download - page 96

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CHESAPEAKE ENERGY CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
92
For the year ended December 31, 2014, all outstanding equity securities convertible into common stock were
included in the calculation of diluted EPS. A reconciliation of basic EPS and diluted EPS for the year ended December
31, 2014 is as follows:
Income
(Numerator)
Weighted
Average
Shares
(Denominator)
Per
Share
Amount
(in millions, except per share data)
For the Year Ended December 31, 2014:
Basic EPS ............................................................................... $ 1,273 659 $ 1.93
Effect of Dilutive Securities:
Assumed conversion as of the beginning of the period
of preferred shares outstanding during the period:
Common shares assumed issued for 5.75% cumulative
convertible preferred stock ............................................. 86 59
Common shares assumed issued for 5.75% cumulative
convertible preferred stock (series A) ............................. 63 42
Common shares assumed issued for 5.00% cumulative
convertible preferred stock (series 2005B) ..................... 10 6
Common shares assumed issued for 4.50% cumulative
convertible preferred stock ............................................. 12 6
Diluted EPS ............................................................................. $ 1,444 772 $ 1.87