EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

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:


	Three Months Ended June 30,						Six Months Ended June 30,
(in millions, except per share amounts)	2020		2019		2020		2019
Loss attributable to common shareholders	$	(1,972)	$	(2,553)	$	(1,601)	$	(2,420)
Weighted average common shares outstanding, basic	529		529		529		528
Add incremental shares from assumed conversions:
Employee share-based compensation	—		—		—		—
Weighted average common shares outstanding, diluted	529		529		529		528
Total loss per common share, diluted	$	(3.73)	$	(4.83)	$	(3.03)	$	(4.58)

For each of the periods, all potentially dilutive securities were excluded from the calculation of outstanding common shares on a diluted basis as PG&E Corporation has incurred a net loss for each period presented.

Following its emergence from Chapter 11, PG&E Corporation began raising funds through the issuance of equity. These issuances will materially impact the calculation of EPS in future periods. For more information on equity issuances see Note 6: Equity, above.