| Schedule of computation of net income per share |
The computation of Net (loss) income per share, including the weighted-average shares outstanding (“WASO”) used in the computation, is as follows (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | Numerators | | | | | | | | | | | Net (loss) income attributable to common shareholders, basic | $ | (359,468) | | | $ | 1,428,900 | | | $ | (753,585) | | | $ | 1,494,508 | | | | | Net (loss) income attributable to common shareholders, diluted | $ | (359,468) | | | $ | 1,432,511 | | | $ | (753,585) | | | $ | 1,501,717 | | | | | | | | | | | | | | | Denominators | | | | | | | | | | | WASO - basic | 263,412 | | | 255,188 | | | 264,128 | | | 254,537 | | | | | Weighted-average effect of potentially dilutive shares: | | | | | | | | | | | Stock options | — | | | 15,299 | | | — | | | 15,561 | | | | | Convertible notes | — | | | 7,229 | | | — | | | 7,229 | | | | | Restricted stock units | — | | | 665 | | | — | | | 807 | | | | Performance restricted stock units | — | | | 446 | | | — | | | 413 | | | | | Restricted stock | — | | | 86 | | | — | | | 153 | | | | | WASO - diluted | 263,412 | | | 278,913 | | | 264,128 | | | 278,700 | | | | | | | | | | | | | | | Net (loss) income per share attributable to common shareholders: | | | | | | | | | | | Basic | $ | (1.36) | | | $ | 5.60 | | | $ | (2.85) | | | $ | 5.87 | | | | | Diluted | $ | (1.36) | | | $ | 5.14 | | | $ | (2.85) | | | $ | 5.39 | | | |
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| Schedule of potentially dilutive shares |
The following potentially dilutive shares were not included in the calculation of diluted shares outstanding as the effect would have been anti-dilutive, or in the case of performance awards, as the issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the reporting period (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | Equity awards(1) | 24,637 | | | 7,383 | | | 24,637 | | | 7,383 | | | | | Convertible notes | 13,233 | | | — | | | 13,778 | | | — | | | | | Total | 37,870 | | | 7,383 | | | 38,415 | | | 7,383 | | | |
__________________ (1)Includes shares under the Employee Stock Purchase Plan.
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