Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of reconciliation between basic and diluted EPS

A reconciliation between basic and diluted earnings per share was as follows (in thousands, except share and per share data):

Year Ended December 31, 

    

2022

    

2021

    

2020

Net loss

$

(2,269,909)

$

(4,506,587)

$

(4,012,514)

Basic weighted-average shares outstanding

 

419,773,195

 

365,449,967

 

254,728,932

Dilutive effect of share awards

 

 

 

Diluted weighted-average shares outstanding

 

419,773,195

 

365,449,967

 

254,728,932

Basic loss per share

$

(5.41)

$

(12.33)

$

(15.75)

Diluted loss per share

$

(5.41)

$

(12.33)

$

(15.75)

Schedule of estimated residual values of ships

Depreciation is computed on a straight-line basis over the estimated useful lives of the assets, after a 10-15% reduction for the estimated residual values of ships as follows:

    

Useful Life

Ships

 

30‑35 years

Computer hardware and software

 

3‑10 years

Other property and equipment

 

3‑40 years

Leasehold improvements

 

Shorter of lease term or asset life

Ship improvements

 

Shorter of asset life or life of the ship

Schedule of revenues by destination

Revenues by destination consisted of the following (in thousands):

Year Ended December 31, 

    

2022

    

2021

 

2020

North America

$

3,076,788

$

424,377

$

960,258

Europe

 

1,557,308

 

211,767

 

27,602

Asia-Pacific

 

115,438

 

6,186

 

152,976

Other

 

94,226

 

5,656

 

139,072

Total revenue

$

4,843,760

$

647,986

$

1,279,908