Earnings Per Share - CMS Energy
 9 Months Ended
Sep. 30, 2016
Earnings Per Share - CMS Energy [Abstract]  
Earnings Per Share - CMS Energy

10:Earnings Per Share—CMS Energy

Presented in the following table are CMS Energy’s basic and diluted EPS computations based on net income:



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Millions, Except Per Share Amounts  



Three Months Ended

 

Nine Months Ended

 

September 30

 2016  2015 

 

 2016  2015 

 

Income available to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

 186 

 

$

 148 

 

 

$

 475 

 

$

 418 

 

Less income attributable to noncontrolling interests

 

 

 -

 

 

 -

 

 

 

 1 

 

 

 1 

 

Net income available to common stockholders – basic and diluted

 

$

 186 

 

$

 148 

 

 

$

 474 

 

$

 417 

 

Average common shares outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares – basic

 

 

 278.2 

 

 

 276.0 

 

 

 

 277.7 

 

 

 275.4 

 

Add dilutive nonvested stock awards

 

 

 1.0 

 

 

 0.9 

 

 

 

 1.1 

 

 

 0.9 

 

Weighted-average shares – diluted

 

 

 279.2 

 

 

 276.9 

 

 

 

 278.8 

 

 

 276.3 

 

Net income per average common share available to common stockholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

 0.67 

 

$

 0.53 

 

 

$

 1.71 

 

$

 1.51 

 

Diluted

 

 

 0.67 

 

 

 0.53 

 

 

 

 1.70 

 

 

 1.51 

 



Nonvested Stock Awards

CMS Energy’s nonvested stock awards are composed of participating and non‑participating securities. The participating securities accrue cash dividends when common stockholders receive dividends. Since the recipient is not required to return the dividends to CMS Energy if the recipient forfeits the award, the nonvested stock awards are considered participating securities. As such, the participating nonvested stock awards were included in the computation of basic EPS. The non‑participating securities accrue stock dividends that vest concurrently with the stock award. If the recipient forfeits the award, the stock dividends accrued on the non‑participating securities are also forfeited. Accordingly, the non‑participating awards and stock dividends were included in the computation of diluted EPS, but not basic EPS.