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EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 4 — EARNINGS PER SHARE

We compute basic earnings per share using the weighted average number of common shares outstanding. We compute diluted earnings per share using the weighted average number of common shares outstanding, plus the dilutive effect of outstanding stock options, stock appreciation rights and restricted share units, computed using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share for the quarters and six months ended June 30, 2014 and 2013 (dollars in millions, except per share amounts, and shares in thousands):

 

     Quarter      Six Months  
     2014      2013      2014      2013  

Net income attributable to HCA Holdings, Inc.

   $ 483       $ 423       $ 830       $ 767   

Weighted average common shares outstanding

     438,833         446,612         440,482         445,513   

Effect of dilutive incremental shares

     14,176         16,572         14,738         17,269   
  

 

 

    

 

 

    

 

 

    

 

 

 

Shares used for diluted earnings per share

     453,009         463,184         455,220         462,782   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per share:

           

Basic earnings per share

   $ 1.10       $ 0.95       $ 1.88       $ 1.72   

Diluted earnings per share

   $ 1.07       $ 0.91       $ 1.82       $ 1.66