Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share

NOTE 7: EARNINGS PER SHARE

PG&E Corporation's basic EPS is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding.  PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS.  The following is a reconciliation of PG&E Corporation's income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS for 2014, 2013, and 2012.

	Year Ended December 31,
(in millions, except per share amounts)	2014		2013		2012
Income available for common shareholders	$	1,436	$	814	$	816
Weighted average common shares outstanding, basic		468		444		424
Add incremental shares from assumed conversions:
Employee share-based compensation		2		1		1
Weighted average common share outstanding, diluted		470		445		425
Total earnings per common share, diluted	$	3.06	$	1.83	$	1.92

For each of the periods presented above, the calculation of outstanding common shares on a diluted basis excluded an insignificant amount of options and securities that were antidilutive.