Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2020

The following table sets forth the computation of basic and diluted net income per share of Class A and Class B common stock and Class C capital stock (in millions, except share amounts which are reflected in thousands, and per share amounts, unaudited):


	Three Months Ended March 31,
	2019										2020
	Class A		Class B		Class C		Class A		Class B		Class C
Basic net income per share:
Numerator
Allocation of undistributed earnings	$	2,865	$	446	$	3,346	$	2,990	$	462	$	3,384

Denominator
Number of shares used in per share computation	299,042		46,582		349,245		300,249		46,424		339,792



Basic net income per share	$	9.58	$	9.58	$	9.58	$	9.96	$	9.96	$	9.96
Diluted net income per share:
Numerator

Allocation of undistributed earnings for basic computation	$	2,865	$	446	$	3,346	$	2,990	$	462	$	3,384


Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares	446		0		0		462		0		0
Reallocation of undistributed earnings	(23)		(4)		23		(27)		(4)		27
Allocation of undistributed earnings	$	3,288	$	442	$	3,369	$	3,425	$	458	$	3,411




Denominator
Number of shares used in basic computation	299,042		46,582		349,245		300,249		46,424		339,792
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A common shares outstanding	46,582		0		0		46,424		0		0

Restricted stock units and other contingently issuable shares	510		0		5,500		180		0		5,622
Number of shares used in per share computation	346,134		46,582		354,745		346,853		46,424		345,414



Diluted net income per share	$	9.50	$	9.50	$	9.50	$	9.87	$	9.87	$	9.87