XML 28 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
Per Share Information
9 Months Ended
Sep. 30, 2018
Per Share Information  
Per Share Information
Per Share Information
Basic net income (loss) attributable to CCIC common stockholders, per common share, excludes dilution and is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period. For the three and nine months ended September 30, 2018 and 2017, diluted net income (loss) attributable to CCIC common stockholders, per common share is computed by dividing net income (loss) attributable to CCIC common stockholders by the weighted-average number of common shares outstanding during the period plus any potential dilutive common share equivalents, including shares issuable upon (1) the vesting of restricted stock units as determined under the treasury stock method and (2) conversion of the Company's 6.875% Mandatory Convertible Preferred Stock (as defined in note 10), as determined under the if-converted method.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Net income (loss) attributable to CCIC stockholders
$
164

 
$
115

 
$
458

 
$
346

Dividends on preferred stock
(28
)
 
(30
)
 
(85
)
 
(30
)
Net income (loss) attributable to CCIC common stockholders for basic and diluted computations
$
136

 
$
85

 
$
373

 
$
316

 
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding (in millions):
 
 
 
 
 
 
 
Basic weighted-average number of common stock outstanding
415

 
395

 
413

 
374

Effect of assumed dilution from potential issuance of common shares relating to restricted stock units
1

 
2

 
1

 
1

Diluted weighted-average number of common shares outstanding
416

 
397

 
414

 
375

 
 
 
 
 
 
 
 
Net income (loss) attributable to CCIC common stockholders, per common share:
 
 
 
 
 
 
 
Basic
$
0.33

 
$
0.22

 
$
0.90

 
$
0.85

Diluted
$
0.33

 
$
0.21

 
$
0.90

 
$
0.84

 
 
 
 
 
 
 
 
Dividends/distributions declared per share of common stock
$
1.05

 
$
0.95

 
$
3.15

 
$
2.85


During the nine months ended September 30, 2018, the Company granted one million restricted stock units. For both the three and nine months ended September 30, 2018, 15 million common share equivalents related to the 6.875% Mandatory Convertible Preferred Stock were excluded from the dilutive common shares because the impact of such conversion would be anti-dilutive, based on the Company's common stock price as of September 30, 2018.