NOTE 2. EARNINGS PER SHARE
A reconciliation of the numerators and denominators of basic and diluted earnings per share is shown in the table below: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | 2020 | | 2019 | | 2018 | Numerators | | | | | | Numerator for basic earnings per share: | | | | | | | Net Income (Loss) | $ | (3,821) | | | $ | 14,975 | | | $ | 19,953 | | | Less: Net Income Attributable to Noncontrolling Interest | (1,355) | | | (1,072) | | | (583) | | | Net Income (Loss) Attributable to AT&T | (5,176) | | | 13,903 | | | 19,370 | | | Less: Preferred Stock Dividends | (193) | | | (3) | | | — | | | Net Income (Loss) Attributable to Common Stock | (5,369) | | | 13,900 | | | 19,370 | | | Dilutive potential common shares: | | | | | | Share-based payment 1 | 23 | | | 21 | | | 19 | | | Numerator for diluted earnings per share | $ | (5,346) | | | $ | 13,921 | | | $ | 19,389 | | | Denominators (000,000) | | | | | | | Denominator for basic earnings per share: | | | | | | | Weighted average number of common shares outstanding | 7,157 | | | 7,319 | | | 6,778 | | | Dilutive potential common shares: | | | | | | Share-based payment (in shares) 1 | 26 | | | 29 | | | 28 | | | Denominator for diluted earnings per share | 7,183 | | | 7,348 | | | 6,806 | | | Basic Earnings Per Share Attributable to Common Stock | $ | (0.75) | | | $ | 1.90 | | | $ | 2.85 | | Diluted Earnings Per Share Attributable to Common Stock 1 | $ | (0.75) | | | $ | 1.89 | | | $ | 2.85 | | 1For 2020, dilutive potential common shares are not included in the computation of diluted earnings per share because their effect is antidilutive as a result of the net loss. |
In the first quarter of 2020, we completed an accelerated share repurchase agreement with a third-party financial institution to repurchase AT&T common stock (see Note 17). Under the terms of the agreement, we paid the financial institution $4,000 and received 104.8 million shares.
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