Net Income Per Share Attributable to Gilead Common Stockholders

6 Months Ended

Jun. 30, 2020

Net Income (Loss) Per Share Attributable to Gilead Common Stockholders

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO GILEAD COMMON STOCKHOLDERS

Basic net income (loss) per share attributable to Gilead common stockholders is calculated based on the weighted average number of shares of our common stock outstanding during the period. Diluted net income per share attributable to Gilead common stockholders is calculated based on the weighted average number of shares of our common stock and other dilutive securities outstanding during the period. The potentially dilutive shares of our common stock resulting from the assumed exercise of outstanding stock options and equivalents were determined under the treasury stock method.

Potential shares of common stock excluded from the computation of diluted net income (loss) per share attributable to Gilead common stockholders because their effect would have been antidilutive were 38 million and 37 million for the three and six months ended June 30, 2020, respectively, and 17 million and 14 million, for the three and six months ended June 30, 2019, respectively.

The following table summarizes the calculation of basic and diluted net income (loss) per share attributable to Gilead common stockholders (in millions, except per share amounts):


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020		2019		2020		2019
Net income (loss) attributable to Gilead	$	(3,339)	$	1,880	$	(1,788)	$	3,855
Shares used in per share calculation - basic	1,255		1,270		1,258		1,273
Dilutive effect of stock options and equivalents	—		7		—		7
Shares used in per share calculation - diluted	1,255		1,277		1,258		1,280

Net income (loss) per share attributable to Gilead common stockholders - basic	$	(2.66)	$	1.48	$	(1.42)	$	3.03
Net income (loss) per share attributable to Gilead common stockholders - diluted	$	(2.66)	$	1.47	$	(1.42)	$	3.01