Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 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

Six Months Ended

June 30, 

June 30, 

    

2023

    

2022

    

2023

    

2022

Net income (loss) - Basic EPS

$

86,116

$

(509,321)

$

(73,205)

$

(1,492,035)

Effect of dilutive securities - exchangeable notes

4,603

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

$

90,719

$

(509,321)

$

(73,205)

$

(1,492,035)

Basic weighted-average shares outstanding

 

424,178,775

 

419,107,330

 

423,421,203

 

418,424,753

Dilutive effect of share awards

 

2,758,715

 

 

 

Dilutive effect of exchangeable notes

34,137,750

Diluted weighted-average shares outstanding

 

461,075,240

 

419,107,330

 

423,421,203

 

418,424,753

Basic EPS

$

0.20

$

(1.22)

$

(0.17)

$

(3.57)

Diluted EPS

$

0.20

$

(1.22)

$

(0.17)

$

(3.57)

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, 

    

2023

    

2022

    

2023

    

2022

North America

$

1,221,177

$

673,503

$

2,582,230

$

1,160,938

Europe

 

880,129

 

499,917

 

961,447

 

524,714

Asia-Pacific

 

89,890

 

13,362

 

295,552

 

21,654

Other

14,296

399

188,202

1,815

Total revenue

$

2,205,492

$

1,187,181

$

4,027,431

$

1,709,121