EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

PG&E Corporation’s basic EPS is calculated by dividing the income (loss) 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 (loss) available for common shareholders and weighted average common shares outstanding for calculating diluted EPS for 2021, 2020, and 2019.


	Year Ended December 31,
(in millions, except per share amounts)	2021		2020		2019
Loss attributable to common shareholders	$	(102)	$	(1,318)	$	(7,656)
Weighted average common shares outstanding, basic	1,985		1,257		528
Add incremental shares from assumed conversions:
Employee share-based compensation	—		—		—
Equity Units	—		—		—
Weighted average common share outstanding, diluted	1,985		1,257		528
Total Loss per common share, diluted	$	(0.05)	$	(1.05)	$	(14.50)

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.