Earnings Per Share
Basic 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 16 million, 17 million and 18 million for the years ended December 31, 2025, 2024 and 2023, 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 years presented.

Year Ended December 31,
202520242023
Numerator:
Net income attributable to Charter shareholders$4,987 $5,083 $4,557 
Denominator:
Weighted average common shares outstanding, basic135,155,309 143,061,337 149,208,188 
Effect of dilutive securities:
Assumed exercise or issuance of shares relating to stock plans2,588,367 2,302,434 2,758,125 
Weighted average common shares outstanding, diluted137,743,676 145,363,771 151,966,313 
Basic earnings per common share attributable to Charter shareholders$36.90 $35.53 $30.54 
Diluted earnings per common share attributable to Charter shareholders$36.21 $34.97 $29.99 

Historical Timeline

Fiscal YearFiled
2025Jan 30, 2026Showing above
2024Jan 31, 2025
2023Feb 2, 2024
2022Jan 27, 2023
2021Jan 28, 2022
2020Jan 29, 2021
2019Jan 31, 2020
2018Jan 31, 2019

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.