Earnings Per Share (Notes)

9 Months Ended

Sep. 30, 2023

Earnings Per ShareBasic earnings per common share is computed by dividing net income attributable to Charter shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share considers the impact of potentially dilutive securities using the treasury stock and if-converted methods and is based on the weighted average number of shares used for the basic earnings per share calculation, adjusted for the dilutive effect of stock options, restricted stock, restricted stock units, equity awards with market conditions and Charter Holdings common units. Charter Holdings common units of 18 million for the three and nine months ended September 30, 2023 and 19 million and 20 million for the three and nine months ended September 30, 2022, respectively, were not included in the computation of diluted earnings per share as their effect would have been antidilutive.

The following is the computation of diluted earnings per common share for the three and nine months ended September 30, 2023 and 2022.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income attributable to Charter shareholders	$	1,255	$	1,185	$	3,499	$	3,859




Denominator:
Weighted average common shares outstanding, basic	149,004,322		157,971,109		150,169,275		164,189,703
Effect of dilutive securities:
Assumed exercise or issuance of shares relating to stock plans	3,014,837		2,667,077		2,325,998		3,162,074
Weighted average common shares outstanding, diluted	152,019,159		160,638,186		152,495,273		167,351,777

Basic earnings per common share attributable to Charter shareholders	$	8.42	$	7.51	$	23.30	$	23.51
Diluted earnings per common share attributable to Charter shareholders	$	8.25	$	7.38	$	22.94	$	23.06