Schedule of the Reconciliation of the Basic and Diluted Weighted Average Number of Shares Outstanding |
The following table summarizes the reconciliation of the basic weighted average number of shares outstanding and the diluted weighted average number of shares outstanding: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in US $ millions, except share and per share amounts) | Numerator: | | | | | | | | Net income (loss) | 906 | | | 171 | | | 224 | | | (102) | | | | | | | | | | Denominator: | | | | | | | | Basic weighted average number of shares outstanding | 1,297,746,050 | | 1,288,900,183 | | 1,296,593,342 | | 1,288,138,451 | Weighted average effect of dilutive securities: | | | | | | | | Stock options | 3,290,102 | | 3,613,930 | | 3,700,679 | | — | Restricted share units | 1,557,363 | | 996,548 | | 1,768,333 | | — | Convertible senior notes | 6,388,480 | | 6,388,480 | | 6,388,480 | | — | Deferred share units | 11,843 | | 13,938 | | 12,705 | | — | Diluted weighted average number of shares | 1,308,993,838 | | 1,299,913,079 | | 1,308,463,539 | | 1,288,138,451 | | | | | | | | | Net income (loss) per share: | | | | | | | | Basic | $ | 0.70 | | | $ | 0.13 | | | $ | 0.17 | | | $ | (0.08) | | Diluted | $ | 0.69 | | | $ | 0.13 | | | $ | 0.17 | | | $ | (0.08) | | | | | | | | | | Common stock equivalents excluded from net income (loss) per diluted share because they are anti-dilutive: | | | | | | | | Stock options | 675,113 | | 97,134 | | | 458,122 | | 15,600,685 | | Restricted share units | 145,745 | | 406,808 | | | 195,807 | | 6,671,465 | | Convertible senior notes | — | | — | | | — | | 6,388,480 | | Deferred share units | 102 | | — | | | 95 | | 14,162 | | | 820,960 | | 503,942 | | | 654,024 | | 28,674,792 | |
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