Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2023
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

​

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