v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Ordinary Shares
Additional Paid-in Capital
Other Undenominated Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2023   82,495,086        
Beginning balance at Dec. 31, 2023 $ 9,240,743 $ 6,699 $ 6,942,669 $ 1,162 $ (143,506) $ 2,433,719
Comprehensive income (net of tax):            
Net income 187,438         187,438
Currency translation adjustment (32,040)       (32,040)  
(Gain) / loss on cash flow hedge 9,084       9,084  
Total comprehensive income 164,482          
Exercise of share options (in shares)   156,527        
Exercise of share options 16,303 $ 10 16,293      
Issue of restricted share units / performance share units (in shares)   32,192        
Issue of restricted share units / performance share units 2 $ 2        
Share based compensation expense 11,121   11,121      
Share issuance costs (4)   (4)      
Ending balance (in shares) at Mar. 31, 2024   82,683,805        
Ending balance at Mar. 31, 2024 9,432,647 $ 6,711 6,970,079 1,162 (166,462) 2,621,157
Beginning balance (in shares) at Dec. 31, 2023   82,495,086        
Beginning balance at Dec. 31, 2023 9,240,743 $ 6,699 6,942,669 1,162 (143,506) 2,433,719
Comprehensive income (net of tax):            
Currency translation adjustment (41,025)          
(Gain) / loss on cash flow hedge 4,972          
Total comprehensive income 298,295          
Ending balance (in shares) at Jun. 30, 2024   82,816,600        
Ending balance at Jun. 30, 2024 9,585,126 $ 6,720 6,988,736 1,162 (179,559) 2,768,067
Beginning balance (in shares) at Dec. 31, 2023   82,495,086        
Beginning balance at Dec. 31, 2023 $ 9,240,743 $ 6,699 6,942,669 1,162 (143,506) 2,433,719
Comprehensive income (net of tax):            
Repurchase of ordinary shares (in shares) (2,179,699)          
Repurchase of ordinary shares $ (500,000)          
Ending balance (in shares) at Dec. 31, 2024 80,756,860 80,756,860        
Ending balance at Dec. 31, 2024 $ 9,522,999 $ 6,586 7,020,231 1,304 (229,929) 2,724,807
Beginning balance (in shares) at Mar. 31, 2024   82,683,805        
Beginning balance at Mar. 31, 2024 9,432,647 $ 6,711 6,970,079 1,162 (166,462) 2,621,157
Comprehensive income (net of tax):            
Net income 146,910         146,910
Currency translation adjustment (8,985)       (8,985)  
(Gain) / loss on cash flow hedge (4,112)       (4,112)  
Total comprehensive income 133,813          
Exercise of share options (in shares)   45,127        
Exercise of share options 5,334 $ 3 5,331      
Issue of restricted share units / performance share units (in shares)   87,668        
Issue of restricted share units / performance share units 6 $ 6        
Share based compensation expense 13,336   13,336      
Share issuance costs (10)   (10)      
Ending balance (in shares) at Jun. 30, 2024   82,816,600        
Ending balance at Jun. 30, 2024 $ 9,585,126 $ 6,720 6,988,736 1,162 (179,559) 2,768,067
Beginning balance (in shares) at Dec. 31, 2024 80,756,860 80,756,860        
Beginning balance at Dec. 31, 2024 $ 9,522,999 $ 6,586 7,020,231 1,304 (229,929) 2,724,807
Comprehensive income (net of tax):            
Net income 154,151         154,151
Currency translation adjustment 59,158       59,158  
(Gain) / loss on cash flow hedge (2,420)       (2,420)  
Total comprehensive income 210,889          
Exercise of share options (in shares)   40,883        
Exercise of share options 4,762 $ 3 4,759      
Issue of restricted share units / performance share units (in shares)   27,046        
Issue of restricted share units / performance share units 1 $ 1        
Share based compensation expense 12,359   12,359      
Share issuance costs (5)   (5)      
Repurchase of ordinary shares (in shares)   (1,360,537)        
Repurchase of ordinary shares (250,000) $ (85)   85   (250,000)
Share repurchase costs (150)         (150)
Ending balance (in shares) at Mar. 31, 2025   79,464,252        
Ending balance at Mar. 31, 2025 $ 9,500,855 $ 6,505 7,037,344 1,389 (173,191) 2,628,808
Beginning balance (in shares) at Dec. 31, 2024 80,756,860 80,756,860        
Beginning balance at Dec. 31, 2024 $ 9,522,999 $ 6,586 7,020,231 1,304 (229,929) 2,724,807
Comprehensive income (net of tax):            
Currency translation adjustment 163,586          
(Gain) / loss on cash flow hedge (2,420)          
Total comprehensive income $ 498,289          
Repurchase of ordinary shares (in shares) (3,077,718)          
Ending balance (in shares) at Jun. 30, 2025 77,772,130 77,772,130        
Ending balance at Jun. 30, 2025 $ 9,555,087 $ 6,390 7,054,324 1,506 (68,763) 2,561,630
Beginning balance (in shares) at Mar. 31, 2025   79,464,252        
Beginning balance at Mar. 31, 2025 9,500,855 $ 6,505 7,037,344 1,389 (173,191) 2,628,808
Comprehensive income (net of tax):            
Net income 182,972         182,972
Currency translation adjustment 104,428       104,428  
(Gain) / loss on cash flow hedge 0          
Total comprehensive income 287,400          
Exercise of share options (in shares)   17,901        
Exercise of share options 1,734 $ 1 1,733      
Issue of restricted share units / performance share units (in shares)   7,158        
Issue of restricted share units / performance share units 1 $ 1        
Share based compensation expense 15,251   15,251      
Share issuance costs (4)   (4)      
Repurchase of ordinary shares (in shares)   (1,717,181)        
Repurchase of ordinary shares (250,000) $ (117)   117   (250,000)
Share repurchase costs $ (150)         (150)
Ending balance (in shares) at Jun. 30, 2025 77,772,130 77,772,130        
Ending balance at Jun. 30, 2025 $ 9,555,087 $ 6,390 $ 7,054,324 $ 1,506 $ (68,763) $ 2,561,630