Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

Upon First Data Holdings, Inc. (FDH), the Company's direct parent company, merging with and into FDC on October 13, 2015, all outstanding shares of FDH's Class A Common Stock, Class B Common Stock, and Series A Voting Participating Convertible Preferred Stock (Series A Preferred Stock) automatically converted to identical shares of the Company's stock. Following the filing of the Company's prospectus with the Securities and Exchange Commission on October 15, 2015, holders of existing Class B Common Stock and Series A Preferred Stock received Class B Common Stock in the Company. Other than voting rights, this common stock has the same rights as the Class A Common Stock and therefore both are treated as the same class of stock for purposes of the net income (loss) per share calculation.

Basic net income (loss) per share is calculated by dividing net income (loss) attributable to FDC by the weighted-average shares outstanding during the period, without consideration for any potential dilutive shares. Diluted net income (loss) per share has been computed to give effect to the impact, if any, of shares issuable upon the assumed exercise of the Company’s common stock equivalents, which consist of outstanding stock options and unvested restricted stock.

The following table sets forth the computation of the Company's basic and diluted net income (loss) per share for the periods presented:

	Three months ended June 30,					Six months ended June 30,
(in millions, except share and per share amounts)	2016		2015			2016		2015
Numerator:
Net income (loss) used in computing net income (loss) per share, basic and diluted	$	152	$	(26	)	$	96	$	(138	)
Denominator:
Shares used in computing net income (loss) per share, basic (a)	899,874,086		1,000			897,798,717		1,000
Effect of dilutive securities	14,554,596		—			18,525,909		—
Total dilutive securities	914,428,682		1,000			916,324,626		1,000
Basic net income (loss) per share	$	0.17	$	(26,000	)	$	0.11	$	(138,000	)
Diluted net income (loss) per share	$	0.17	$	(26,000	)	$	0.10	$	(138,000	)
Anti-dilutive shares excluded from diluted net income (loss) per share	29,697,196		—			28,270,165		—

(a) 2015 net loss per share, basic and diluted is calculated using 1,000 shares outstanding prior to the merger with FDH and the filing of the Company's prospectus in October 2015.