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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2018
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] |
Reconciliation of basic EPS and diluted EPS | A reconciliation of basic EPS and diluted EPS is as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
|  | (in millions, except per share data)
Net income (loss) available to common stockholders |  | $ | 60 |  |  | $ | (41 | ) |  | $ | 288 |  |  | $ | 506 |
Effect of dilutive securities |  | — |  |  | — |  |  | — |  |  | — |
Diluted income (loss) available to common stockholders |  | $ | 60 |  |  | $ | (41 | ) |  | $ | 288 |  |  | $ | 506 |
Weighted average common and common equivalent shares outstanding - basic |  | 910 |  |  | 909 |  |  | 909 |  |  | 908 |
Effect of dilutive securities |  | 1 |  |  | — |  |  | — |  |  | — |
Weighted average common and common equivalent shares outstanding - diluted |  | 911 |  |  | 909 |  |  | 909 |  |  | 908 |
Net income per share attributable to Chesapeake: |  |  |  |  |  |  |  |
Basic |  | $ | 0.07 |  |  | $ | (0.05 | ) |  | $ | 0.32 |  |  | $ | 0.56 |
Diluted |  | $ | 0.07 |  |  | $ | (0.05 | ) |  | $ | 0.32 |  |  | $ | 0.56 |
Shares of common stock for the following securities were excluded from the calculation of diluted EPS as the effect was antidilutive: |  |  |  |  |  |  |  |
Common stock equivalent of our preferred stock outstanding |  | 60 |  |  | 60 |  |  | 60 |  |  | 60 |
Common stock equivalent of our convertible senior notes outstanding |  | 146 |  |  | 146 |  |  | 146 |  |  | 146 |
Participating securities |  | 2 |  |  | — |  |  | 1 |  |  | 1 |
Reconciliation of basic EPS and diluted EPS | A reconciliation of basic EPS and diluted EPS is as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
|  | (in millions, except per share data)
Net income (loss) available to common stockholders |  | $ | 60 |  |  | $ | (41 | ) |  | $ | 288 |  |  | $ | 506 |
Effect of dilutive securities |  | — |  |  | — |  |  | — |  |  | — |
Diluted income (loss) available to common stockholders |  | $ | 60 |  |  | $ | (41 | ) |  | $ | 288 |  |  | $ | 506 |
Weighted average common and common equivalent shares outstanding - basic |  | 910 |  |  | 909 |  |  | 909 |  |  | 908 |
Effect of dilutive securities |  | 1 |  |  | — |  |  | — |  |  | — |
Weighted average common and common equivalent shares outstanding - diluted |  | 911 |  |  | 909 |  |  | 909 |  |  | 908 |
Net income per share attributable to Chesapeake: |  |  |  |  |  |  |  |
Basic |  | $ | 0.07 |  |  | $ | (0.05 | ) |  | $ | 0.32 |  |  | $ | 0.56 |
Diluted |  | $ | 0.07 |  |  | $ | (0.05 | ) |  | $ | 0.32 |  |  | $ | 0.56 |
Shares of common stock for the following securities were excluded from the calculation of diluted EPS as the effect was antidilutive: |  |  |  |  |  |  |  |
Common stock equivalent of our preferred stock outstanding |  | 60 |  |  | 60 |  |  | 60 |  |  | 60 |
Common stock equivalent of our convertible senior notes outstanding |  | 146 |  |  | 146 |  |  | 146 |  |  | 146 |
Participating securities |  | 2 |  |  | — |  |  | 1 |  |  | 1 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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