Earnings Per Share

9 Months Ended

Sep. 30, 2020

Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Shares issued during the year are weighted for the portion of the year that they were outstanding. Diluted earnings per share is computed in a manner consistent with that of basic earnings per share while giving effect to all potentially dilutive common shares that were outstanding during the period.

The reconciliation of Clearway Energy, Inc.'s basic and diluted earnings per share is shown in the following tables:


	Three months ended September 30,
	2020				2019
(In millions, except per share data) (a)	Common Class A		Common Class C		Common Class A		Common Class C
Basic income per share attributable to Clearway Energy, Inc. common stockholders
Net income attributable to Clearway Energy, Inc.	$	9	$	22	$	12	$	27
Weighted average number of common shares outstanding — basic	35		81		35		73
Earnings per weighted average common share — basic	$	0.27	$	0.27	$	0.36	$	0.36
Diluted income per share attributable to Clearway Energy, Inc. common stockholders
Net income attributable to Clearway Energy, Inc	$	9	$	22	$	12	$	27
Weighted average number of common shares outstanding — diluted	35		81		35		75
Earnings per weighted average common share — diluted	$	0.27	$	0.27	$	0.36	$	0.36

(a) Basic and diluted earnings per share might not recalculate due to presenting values in millions rather than whole dollars.


	Nine months ended September 30,
	2020				2019
(In millions, except per share data) (a)	Common Class A		Common Class C		Common Class A		Common Class C
Basic and diluted income (loss) per share attributable to Clearway Energy, Inc. common stockholders
Net income (loss) attributable to Clearway Energy, Inc.	$	15	$	35	$	(2)	$	(3)
Weighted average number of common shares outstanding — basic and diluted	35		80		35		73
Earnings (loss) per weighted average common share — basic and diluted	$	0.43	$	0.43	$	(0.04)	$	(0.04)

(a) Basic and diluted earnings (losses) per share might not recalculate due to presenting values in millions rather than whole dollars.

The following table summarizes the Company's outstanding equity instruments that are anti-dilutive and were not included in the computation of the Company's diluted earnings per share, the 2020 Convertible Notes were repaid on June 1, 2020:


	Three months ended September 30,		Nine months ended September 30,
		2019		2019
	(In millions of shares)
2020 Convertible Notes - Common Class C		—		2