The computation of basic and diluted earnings per share was as follows:


	Year Ended December 31,
(in millions, except shares and per share amounts)		2024		2023		2022



Net income		$	11,339	$	8,317	$	2,590








Weighted-average shares outstanding – basic		1,169,195,373		1,185,121,562		1,249,763,934
Effect of dilutive securities:
Outstanding stock options, unvested stock awards and SoftBank contingent consideration (2)		4,018,525		15,164,702		5,612,835


Weighted-average shares outstanding – diluted		1,173,213,898		1,200,286,264		1,255,376,769




Earnings per share – basic		$	9.70	$	7.02	$	2.07




Earnings per share – diluted		$	9.66	$	6.93	$	2.06

Potentially dilutive securities:
Outstanding stock options and unvested stock awards		25,652		148,537		16,616
SoftBank contingent consideration (1)		—		—		48,751,557
Ka’ena Acquisition contingent consideration (3)		750,162		—		—

(1) Represents the weighted-average number of shares (“SoftBank Specified Shares”) that were contingently issuable from the Merger date of April 1, 2020, pursuant to a letter agreement dated February 20, 2020, between T-Mobile, SoftBank and DT (the “Letter Agreement”).

(2) During 2023, the SoftBank Specified Shares were issued and included in our calculations of basic and diluted weighted-average shares outstanding as further described below.

(3) The weighted-average number of shares contingently issuable related to the Ka’ena Acquisition earnout consideration (“Ka’ena Contingent Shares”) are included in potentially dilutive securities based on the maximum number of shares contingently issuable for the earnout and the 20 trading day volume-weighted average price as of December 31, 2024. No Ka’ena Contingent Shares were outstanding during the year ended December 31, 2024, as the threshold specified performance indicators had not been achieved.