Equity (Tables)

12 Months Ended

Dec. 31, 2019

Allocation of Net Income to Common Stockholders and EPS Computations

The following table reflects the allocation of net income to common stockholders and EPS computations for the periods indicated based on a weighted average number of shares of common stock outstanding for the period:



	Year ended December 31,
	2019		2018		2017
Basic EPS (in thousands, except per share data)
Numerator:
Basic net income attributable to Parsley Energy, Inc. Stockholders	$	175,212	$	369,127	$	106,774
Denominator:
Basic weighted average shares outstanding	279,636		272,226		240,733
Basic EPS attributable to Parsley Energy, Inc. Stockholders	$	0.63	$	1.36	$	0.44
Diluted EPS
Numerator:
Net income attributable to Parsley Energy, Inc. Stockholders	175,212		369,127		106,774
Effect of conversion of the shares of Company’s Class B common stock to shares of the Company’s Class A common stock	—		—		17,646
Diluted net income attributable to Parsley Energy, Inc. Stockholders	$	175,212	$	369,127	$	124,420
Denominator:
Basic weighted average shares outstanding	279,636		272,226		240,733
Effect of dilutive securities:
Class B common stock	—		—		54,665
Time-Based Restricted Stock and Time-Based Restricted Stock Units	536		658		1,114
Diluted weighted average shares outstanding⁽¹⁾	280,172		272,884		296,512
Diluted EPS attributable to Parsley Energy, Inc. Stockholders	$	0.63	$	1.35	$	0.42

(1)As of December 31, 2019, there were 790,507 and 358,240 PSAs and performance-based restricted stock units (“PSUs”), respectively. As of December 31, 2018 and 2017, there were 1,338,439 PSAs and 640,062 PSUs, respectively. PSAs and PSUs could vest in the future based on predetermined performance and market goals. PSAs and PSUs were not included in the computation of EPS for the years ended December 31, 2019, 2018 and 2017, respectively because the performance and market conditions had not been met, assuming the end of the reporting period was the end of the contingency period.

Summary of Noncontrolling Interest Income

The following table summarizes the net income (loss) attributable to noncontrolling interests:



	Year ended December 31,
	2019			2018		2017
	(in thousands)
Net income (loss) attributable to the noncontrolling interests of:
Parsley LLC	$	35,231		$	76,079	$	17,645
Pacesetter Drilling, LLC	(25		)	763		(499		)
Total net income attributable to noncontrolling interests	$	35,206		$	76,842	$	17,146

Dividends Declared

The following table sets forth information with respect to cash dividends and distributions declared by the Company’s board of directors during 2019, on its own behalf and in its capacity as the managing member of Parsley LLC, on issued and outstanding shares of Class A common stock and PE Units:



Declaration Date	Record Date	Payment Date	Dividend/Distribution Amount⁽¹⁾		Total Dividend/Distribution Payment⁽²⁾ (in thousands)
August 6, 2019	September 20, 2019	September 30, 2019	$	0.03	$	9,547
November 5, 2019	December 10, 2019	December 20, 2019	$	0.03	$	9,548




(1)	Per share of Class A common stock and per PE Unit. The portion of the Parsley LLC distribution attributable to PE Units held by the Company was used to fund the quarterly dividend on issued and outstanding shares of Class A common stock.
(2)	Reflects total cash dividend and distribution payments made, or to be made, to holders of Class A common stock and PE Unitholders (other than the Company) as of the applicable record date.