Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.2.u1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
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

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

Net income (loss) - Basic EPS

$

163,436

$

86,116

$

180,789

$

(73,205)

Effect of dilutive securities - exchangeable notes

16,017

4,603

9,225

Net income (loss) and assumed conversion of exchangeable notes - Diluted EPS

$

179,453

$

90,719

$

190,014

$

(73,205)

Basic weighted-average shares outstanding

 

434,807,434

 

424,178,775

 

430,805,477

 

423,421,203

Dilutive effect of share awards

 

2,054,804

 

2,758,715

 

3,135,246

 

Dilutive effect of exchangeable notes

76,727,496

34,137,750

34,137,750

Diluted weighted-average shares outstanding

 

513,589,734

 

461,075,240

 

468,078,473

 

423,421,203

Basic EPS

$

0.38

$

0.20

$

0.42

$

(0.17)

Diluted EPS

$

0.35

$

0.20

$

0.41

$

(0.17)

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

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

North America

$

1,176,098

$

1,221,177

$

2,736,870

$

2,582,230

Europe

 

1,055,061

 

880,129

 

1,080,297

 

961,447

Asia-Pacific

 

118,527

 

89,890

 

515,529

 

295,552

Other

22,806

14,296

231,011

188,202

Total revenue

$

2,372,492

$

2,205,492

$

4,563,707

$

4,027,431