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, 2022 |
|
81,723,555
|
|
|
|
|
| Beginning balance at Dec. 31, 2022 |
$ 8,526,793
|
$ 6,649
|
$ 6,840,306
|
$ 1,162
|
$ (171,538)
|
$ 1,850,214
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
108,877
|
|
|
|
|
108,877
|
| Currency translation adjustment |
15,500
|
|
|
|
15,500
|
|
| Movement on cash flow hedge |
(3,858)
|
|
|
|
(3,858)
|
|
| Total comprehensive income |
120,519
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
136,649
|
|
|
|
|
| Exercise of share options |
12,936
|
$ 9
|
12,927
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
68,218
|
|
|
|
|
| Issue of restricted share units |
4
|
$ 4
|
|
|
|
|
| Share based compensation expense |
14,658
|
|
14,658
|
|
|
|
| Share issuance costs |
$ (4)
|
|
(4)
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2023 |
81,928,422
|
81,928,422
|
|
|
|
|
| Ending balance at Mar. 31, 2023 |
$ 8,674,906
|
$ 6,662
|
6,867,887
|
1,162
|
(159,896)
|
1,959,091
|
| Beginning balance (in shares) at Dec. 31, 2022 |
|
81,723,555
|
|
|
|
|
| Beginning balance at Dec. 31, 2022 |
8,526,793
|
$ 6,649
|
6,840,306
|
1,162
|
(171,538)
|
1,850,214
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
216,922
|
|
|
|
|
|
| Currency translation adjustment |
4,862
|
|
|
|
|
|
| Movement on cash flow hedge |
10,148
|
|
|
|
|
|
| Total comprehensive income |
$ 231,932
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2023 |
82,151,049
|
82,151,049
|
|
|
|
|
| Ending balance at Jun. 30, 2023 |
$ 8,809,940
|
$ 6,676
|
6,891,494
|
1,162
|
(156,528)
|
2,067,136
|
| Beginning balance (in shares) at Dec. 31, 2022 |
|
81,723,555
|
|
|
|
|
| Beginning balance at Dec. 31, 2022 |
8,526,793
|
$ 6,649
|
6,840,306
|
1,162
|
(171,538)
|
1,850,214
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
370,823
|
|
|
|
|
|
| Currency translation adjustment |
(33,786)
|
|
|
|
|
|
| Movement on cash flow hedge |
15,134
|
|
|
|
|
|
| Total comprehensive income |
$ 352,171
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2023 |
82,326,976
|
82,326,976
|
|
|
|
|
| Ending balance at Sep. 30, 2023 |
$ 8,962,770
|
$ 6,688
|
6,924,073
|
1,162
|
(190,190)
|
2,221,037
|
| Beginning balance (in shares) at Mar. 31, 2023 |
81,928,422
|
81,928,422
|
|
|
|
|
| Beginning balance at Mar. 31, 2023 |
$ 8,674,906
|
$ 6,662
|
6,867,887
|
1,162
|
(159,896)
|
1,959,091
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
108,045
|
|
|
|
|
108,045
|
| Currency translation adjustment |
(10,638)
|
|
|
|
(10,638)
|
|
| Movement on cash flow hedge |
14,006
|
|
|
|
14,006
|
|
| Total comprehensive income |
111,413
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
93,304
|
|
|
|
|
| Exercise of share options |
7,229
|
$ 6
|
7,223
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
129,323
|
|
|
|
|
| Issue of restricted share units |
8
|
$ 8
|
|
|
|
|
| Share based compensation expense |
16,389
|
|
16,389
|
|
|
|
| Share issuance costs |
$ (5)
|
|
(5)
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2023 |
82,151,049
|
82,151,049
|
|
|
|
|
| Ending balance at Jun. 30, 2023 |
$ 8,809,940
|
$ 6,676
|
6,891,494
|
1,162
|
(156,528)
|
2,067,136
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
153,901
|
|
|
|
|
153,901
|
| Currency translation adjustment |
(38,648)
|
|
|
|
(38,648)
|
|
| Movement on cash flow hedge |
4,986
|
|
|
|
4,986
|
|
| Total comprehensive income |
120,239
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
147,661
|
|
|
|
|
| Exercise of share options |
16,337
|
$ 9
|
16,328
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
28,266
|
|
|
|
|
| Issue of restricted share units |
3
|
$ 3
|
|
|
|
|
| Share based compensation expense |
16,256
|
|
16,256
|
|
|
|
| Share issuance costs |
$ (5)
|
|
(5)
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2023 |
82,326,976
|
82,326,976
|
|
|
|
|
| Ending balance at Sep. 30, 2023 |
$ 8,962,770
|
$ 6,688
|
6,924,073
|
1,162
|
(190,190)
|
2,221,037
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
82,495,086
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
9,211,446
|
$ 6,699
|
6,942,669
|
1,162
|
(143,506)
|
2,404,422
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
148,337
|
|
|
|
|
148,337
|
| Currency translation adjustment |
(32,040)
|
|
|
|
(32,040)
|
|
| Movement on cash flow hedge |
9,084
|
|
|
|
9,084
|
|
| Total comprehensive income |
125,381
|
|
|
|
|
|
| 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 |
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
|
82,683,805
|
|
|
|
|
| Ending balance at Mar. 31, 2024 |
$ 9,364,249
|
$ 6,711
|
6,970,079
|
1,162
|
(166,462)
|
2,552,759
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
82,495,086
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
9,211,446
|
$ 6,699
|
6,942,669
|
1,162
|
(143,506)
|
2,404,422
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
231,113
|
|
|
|
|
|
| Currency translation adjustment |
(41,025)
|
|
|
|
|
|
| Movement on cash flow hedge |
4,972
|
|
|
|
|
|
| Total comprehensive income |
$ 195,060
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
82,816,600
|
82,816,600
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 9,452,594
|
$ 6,720
|
6,988,736
|
1,162
|
(179,559)
|
2,635,535
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
82,495,086
|
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
9,211,446
|
$ 6,699
|
6,942,669
|
1,162
|
(143,506)
|
2,404,422
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
444,381
|
|
|
|
|
|
| Currency translation adjustment |
28,670
|
|
|
|
|
|
| Movement on cash flow hedge |
4,774
|
|
|
|
|
|
| Total comprehensive income |
$ 477,825
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2024 |
82,559,366
|
82,559,366
|
|
|
|
|
| Ending balance at Sep. 30, 2024 |
$ 9,658,107
|
$ 6,703
|
7,011,547
|
1,184
|
(110,062)
|
2,748,735
|
| Beginning balance (in shares) at Mar. 31, 2024 |
82,683,805
|
82,683,805
|
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
$ 9,364,249
|
$ 6,711
|
6,970,079
|
1,162
|
(166,462)
|
2,552,759
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
82,776
|
|
|
|
|
82,776
|
| Currency translation adjustment |
(8,985)
|
|
|
|
(8,985)
|
|
| Movement on cash flow hedge |
(4,112)
|
|
|
|
(4,112)
|
|
| Total comprehensive income |
69,679
|
|
|
|
|
|
| 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 |
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
|
82,816,600
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 9,452,594
|
$ 6,720
|
6,988,736
|
1,162
|
(179,559)
|
2,635,535
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
213,268
|
|
|
|
|
213,268
|
| Currency translation adjustment |
69,695
|
|
|
|
69,695
|
|
| Movement on cash flow hedge |
(198)
|
|
|
|
(198)
|
|
| Total comprehensive income |
282,765
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
74,151
|
|
|
|
|
| Exercise of share options |
10,734
|
$ 5
|
10,729
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
5,685
|
|
|
|
|
| Issue of restricted share units |
0
|
|
|
|
|
|
| Share based compensation expense |
12,085
|
|
12,085
|
|
|
|
| Share issuance costs |
(3)
|
|
(3)
|
|
|
|
| Repurchase of ordinary shares (in shares) |
|
(337,070)
|
|
|
|
|
| Repurchase of ordinary shares |
(100,000)
|
$ (22)
|
|
22
|
|
(100,000)
|
| Share repurchase costs |
$ (68)
|
|
|
|
|
(68)
|
| Ending balance (in shares) at Sep. 30, 2024 |
82,559,366
|
82,559,366
|
|
|
|
|
| Ending balance at Sep. 30, 2024 |
$ 9,658,107
|
$ 6,703
|
7,011,547
|
1,184
|
(110,062)
|
2,748,735
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
80,756,860
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
9,441,354
|
$ 6,586
|
7,020,231
|
1,304
|
(229,929)
|
2,643,162
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
160,812
|
|
|
|
|
160,812
|
| Currency translation adjustment |
59,158
|
|
|
|
59,158
|
|
| Movement on cash flow hedge |
(2,420)
|
|
|
|
(2,420)
|
|
| Total comprehensive income |
217,550
|
|
|
|
|
|
| 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 |
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
|
79,464,252
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
$ 9,425,871
|
$ 6,505
|
7,037,344
|
1,389
|
(173,191)
|
2,553,824
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
80,756,860
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
9,441,354
|
$ 6,586
|
7,020,231
|
1,304
|
(229,929)
|
2,643,162
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
364,328
|
|
|
|
|
|
| Currency translation adjustment |
163,586
|
|
|
|
|
|
| Movement on cash flow hedge |
(2,420)
|
|
|
|
|
|
| Total comprehensive income |
$ 525,494
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2025 |
77,772,130
|
77,772,130
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
$ 9,500,647
|
$ 6,390
|
7,054,324
|
1,506
|
(68,763)
|
2,507,190
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
80,756,860
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
9,441,354
|
$ 6,586
|
7,020,231
|
1,304
|
(229,929)
|
2,643,162
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
80,145
|
|
|
|
|
|
| Currency translation adjustment |
145,405
|
|
|
|
|
|
| Movement on cash flow hedge |
(2,420)
|
|
|
|
|
|
| Total comprehensive income |
$ 223,130
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
76,359,932
|
76,359,932
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 8,993,868
|
$ 6,290
|
7,100,059
|
1,606
|
(86,944)
|
1,972,857
|
| Beginning balance (in shares) at Mar. 31, 2025 |
79,464,252
|
79,464,252
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
$ 9,425,871
|
$ 6,505
|
7,037,344
|
1,389
|
(173,191)
|
2,553,824
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
203,516
|
|
|
|
|
203,516
|
| Currency translation adjustment |
104,428
|
|
|
|
104,428
|
|
| Movement on cash flow hedge |
0
|
|
|
|
|
|
| Total comprehensive income |
307,944
|
|
|
|
|
|
| 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 |
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 |
$ 9,500,647
|
$ 6,390
|
7,054,324
|
1,506
|
(68,763)
|
2,507,190
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net (loss) / income |
(284,183)
|
|
|
|
|
(284,183)
|
| Currency translation adjustment |
(18,181)
|
|
|
|
(18,181)
|
|
| Movement on cash flow hedge |
0
|
|
|
|
|
|
| Total comprehensive income |
(302,364)
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
7,110
|
|
|
|
|
| Exercise of share options |
821
|
|
821
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
7,304
|
|
|
|
|
| Issue of restricted share units |
0
|
|
|
|
|
|
| Share based compensation expense |
44,919
|
|
44,919
|
|
|
|
| Share issuance costs |
(5)
|
|
(5)
|
|
|
|
| Repurchase of ordinary shares (in shares) |
|
(1,426,612)
|
|
|
|
|
| Repurchase of ordinary shares |
(250,000)
|
$ (100)
|
|
100
|
|
(250,000)
|
| Share repurchase costs |
$ (150)
|
|
|
|
|
(150)
|
| Ending balance (in shares) at Sep. 30, 2025 |
76,359,932
|
76,359,932
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 8,993,868
|
$ 6,290
|
$ 7,100,059
|
$ 1,606
|
$ (86,944)
|
$ 1,972,857
|