EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2018

PG&E Corporation’s basic EPS is calculated by dividing the income available for common shareholders by the weighted average number of common shares outstanding. PG&E Corporation applies the treasury stock method of reflecting the dilutive effect of outstanding share-based compensation in the calculation of diluted EPS. The following is a reconciliation of PG&E Corporation’s income available for common shareholders and weighted average common shares outstanding for calculating diluted EPS:



	Three Months Ended March 31,
(in millions, except per share amounts)	2018		2017
Income available for common shareholders	$	442	$	576
Weighted average common shares outstanding, basic	515		508
Add incremental shares from assumed conversions:
Employee share-based compensation	1		3
Weighted average common shares outstanding, diluted	516		511
Total earnings per common share, diluted	$	0.86	$	1.13

For each of the periods presented above, the calculation of outstanding common shares on a diluted basis excluded an insignificant amount of options and securities that were antidilutive.