Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2024
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):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Nine Months Ended

​

​

September 30, 

​

September 30, 

​

    

2024

    

2023

    

2024

    

2023

Net income - Basic EPS

​

$

474,932

​

$

345,868

​

$

655,721

​

$

272,663

Effect of dilutive securities - exchangeable notes

​

​

14,965

​

​

17,510

​

​

48,323

​

​

13,809

Net income and assumed conversion of exchangeable notes - Diluted EPS

​

$

489,897

​

$

363,378

​

$

704,044

​

$

286,472

Basic weighted-average shares outstanding

​

 

439,697,135

​

 

425,398,415

​

 

433,790,997

​

 

424,087,517

Dilutive effect of share awards

​

 

3,333,627

​

 

3,676,562

​

 

3,201,373

​

 

2,594,108

Dilutive effect of exchangeable notes

​

​

71,848,157

​

​

82,510,468

​

​

77,009,661

​

​

34,137,750

Diluted weighted-average shares outstanding

​

 

514,878,919

​

 

511,585,445

​

 

514,002,031

​

 

460,819,375

Basic EPS

​

$

1.08

​

$

0.81

​

$

1.51

​

$

0.64

Diluted EPS

​

$

0.95

​

$

0.71

​

$

1.37

​

$

0.62

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, 

​

    

2024

    

2023

    

2024

    

2023

North America

​

$

1,315,224

​

$

1,234,852

​

$

4,052,094

​

$

3,817,082

Europe

​

 

1,439,473

​

 

1,284,421

​

 

2,519,770

​

 

2,245,868

Asia-Pacific

​

 

50,294

​

 

15,972

​

 

565,823

​

 

311,524

Other

​

​

1,587

​

​

792

​

​

232,598

​

​

188,994

Total revenue

​

$

2,806,578

​

$

2,536,037

​

$

7,370,285

​

$

6,563,468