NOTE 2. EARNINGS PER SHARE

A reconciliation of the numerators and denominators of basic and diluted earnings per share is shown in the table below:

Year Ended December 31,

2019

2018

2017

Numerators

Numerator for basic earnings per share:

Net income

$

14,975

$

19,953

$

29,847

Less: Net income attributable to noncontrolling interest

(1,072)

(583)

(397)

Net income attributable to AT&T

13,903

19,370

29,450

Less: Preferred stock dividends

(3)

-

-

Net income attributable to common stock

13,900

19,370

29,450

Dilutive potential common shares:

Share-based payment

21

19

13

Numerator for diluted earnings per share

$

13,921

$

19,389

$

29,463

Denominators (000,000)

Denominator for basic earnings per share:

Weighted-average number of common shares outstanding

7,319

6,778

6,164

Dilutive potential common shares:

Share-based payment (in shares)

29

28

19

Denominator for diluted earnings per share

7,348

6,806

6,183

Basic earnings per share attributable to Common Stock

$

1.90

$

2.85

$

4.77

Diluted earnings per share attributable to Common Stock

$

1.89

$

2.85

$

4.76