| 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 |
|