| Schedule of reconciliation between basic and diluted EPS |
A reconciliation between basic and diluted earnings (loss) per share was as follows (in thousands, except share and per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
Net income (loss) - Basic EPS |
|
$ |
345,868 |
|
$ |
(295,394) |
|
$ |
272,663 |
|
$ |
(1,787,429) |
Effect of dilutive securities - exchangeable notes |
|
|
17,510 |
|
|
— |
|
|
13,809 |
|
|
— |
Net income (loss) and assumed conversion of exchangeable notes - Diluted EPS |
|
$ |
363,378 |
|
$ |
(295,394) |
|
$ |
286,472 |
|
$ |
(1,787,429) |
Basic weighted-average shares outstanding |
|
|
425,398,415 |
|
|
420,798,538 |
|
|
424,087,517 |
|
|
419,224,710 |
Dilutive effect of share awards |
|
|
3,676,562 |
|
|
— |
|
|
2,594,108 |
|
|
— |
Dilutive effect of exchangeable notes |
|
|
82,510,468 |
|
|
— |
|
|
34,137,750 |
|
|
— |
Diluted weighted-average shares outstanding |
|
|
511,585,445 |
|
|
420,798,538 |
|
|
460,819,375 |
|
|
419,224,710 |
Basic EPS |
|
$ |
0.81 |
|
$ |
(0.70) |
|
$ |
0.64 |
|
$ |
(4.26) |
Diluted EPS |
|
$ |
0.71 |
|
$ |
(0.70) |
|
$ |
0.62 |
|
$ |
(4.26) |
|
| Schedule of revenues by destination |
Revenue and cash flows are affected by economic factors in various geographical regions. Revenues by destination were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
North America |
|
$ |
1,234,852 |
|
$ |
892,971 |
|
$ |
3,817,082 |
|
$ |
2,053,909 |
Europe |
|
|
1,284,421 |
|
|
718,435 |
|
|
2,245,868 |
|
|
1,243,149 |
Asia-Pacific |
|
|
15,972 |
|
|
2,957 |
|
|
311,524 |
|
|
24,611 |
Other |
|
|
792 |
|
|
1,147 |
|
|
188,994 |
|
|
2,962 |
Total revenue |
|
$ |
2,536,037 |
|
$ |
1,615,510 |
|
$ |
6,563,468 |
|
$ |
3,324,631 |
|