CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED) - USD ($)
|
Total |
Common Stock |
Additional Paid-in Capital |
Accumulated Retained Earnings |
Accumulated Other Comprehensive Income |
| Beginning balance (in shares) at Dec. 31, 2020 |
|
84,000,000
|
|
|
|
| Beginning balance, value at Dec. 31, 2020 |
$ 374,000,000
|
$ 1,000,000
|
$ 192,000,000
|
$ 181,000,000
|
$ 0
|
| Net income (loss) |
(7,000,000)
|
|
|
(7,000,000)
|
|
| Activity related to share-based compensation |
2,000,000
|
|
2,000,000
|
|
|
| Ending balance (in shares) at Mar. 31, 2021 |
|
84,000,000
|
|
|
|
| Ending balance, value at Mar. 31, 2021 |
369,000,000
|
$ 1,000,000
|
194,000,000
|
174,000,000
|
0
|
| Beginning balance (in shares) at Dec. 31, 2020 |
|
84,000,000
|
|
|
|
| Beginning balance, value at Dec. 31, 2020 |
374,000,000
|
$ 1,000,000
|
192,000,000
|
181,000,000
|
0
|
| Net income (loss) |
100,634,069
|
|
|
|
|
| Derivative instrument adjustments, net of tax |
0
|
|
|
|
|
| Foreign currency translation adjustments |
0
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2021 |
|
120,000,000
|
|
|
|
| Ending balance, value at Sep. 30, 2021 |
1,894,000,000
|
$ 1,000,000
|
1,611,000,000
|
282,000,000
|
0
|
| Beginning balance (in shares) at Mar. 31, 2021 |
|
84,000,000
|
|
|
|
| Beginning balance, value at Mar. 31, 2021 |
369,000,000
|
$ 1,000,000
|
194,000,000
|
174,000,000
|
0
|
| Net income (loss) |
9,000,000
|
|
|
9,000,000
|
|
| Activity related to share-based compensation (in shares) |
|
1,000,000
|
|
|
|
| Activity related to share-based compensation |
18,000,000
|
|
18,000,000
|
|
|
| Ending balance (in shares) at Jun. 30, 2021 |
|
85,000,000
|
|
|
|
| Ending balance, value at Jun. 30, 2021 |
396,000,000
|
$ 1,000,000
|
212,000,000
|
183,000,000
|
0
|
| Net income (loss) |
98,704,709
|
|
|
99,000,000
|
|
| Derivative instrument adjustments, net of tax |
0
|
|
|
|
|
| Foreign currency translation adjustments |
0
|
|
|
|
|
| Activity related to share-based compensation (in shares) |
|
1,000,000
|
|
|
|
| Activity related to share-based compensation |
18,000,000
|
|
18,000,000
|
|
|
| Shares issued for Diamond Acquisition (in shares) |
|
34,000,000
|
|
|
|
| Shares issued for Diamond Acquisition |
1,381,000,000
|
$ 0
|
1,381,000,000
|
|
|
| Ending balance (in shares) at Sep. 30, 2021 |
|
120,000,000
|
|
|
|
| Ending balance, value at Sep. 30, 2021 |
$ 1,894,000,000
|
$ 1,000,000
|
1,611,000,000
|
282,000,000
|
0
|
| Beginning balance (in shares) at Dec. 31, 2021 |
119,904,001
|
120,000,000
|
|
|
|
| Beginning balance, value at Dec. 31, 2021 |
$ 1,988,000,000
|
$ 1,000,000
|
1,630,000,000
|
357,000,000
|
0
|
| Net income (loss) |
51,000,000
|
|
|
51,000,000
|
|
| Derivative instrument adjustments, net of tax |
22,000,000
|
|
|
|
22,000,000
|
| Activity related to share-based compensation |
4,000,000
|
|
4,000,000
|
|
|
| Ending balance (in shares) at Mar. 31, 2022 |
|
120,000,000
|
|
|
|
| Ending balance, value at Mar. 31, 2022 |
$ 2,065,000,000
|
$ 1,000,000
|
1,634,000,000
|
408,000,000
|
22,000,000
|
| Beginning balance (in shares) at Dec. 31, 2021 |
119,904,001
|
120,000,000
|
|
|
|
| Beginning balance, value at Dec. 31, 2021 |
$ 1,988,000,000
|
$ 1,000,000
|
1,630,000,000
|
357,000,000
|
0
|
| Net income (loss) |
273,567,561
|
|
|
|
|
| Derivative instrument adjustments, net of tax |
49,000,000
|
|
|
|
|
| Foreign currency translation adjustments |
$ (17,000,000)
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2022 |
116,387,235
|
116,000,000
|
|
|
|
| Ending balance, value at Sep. 30, 2022 |
$ 2,157,000,000
|
$ 1,000,000
|
1,607,000,000
|
517,000,000
|
32,000,000
|
| Beginning balance (in shares) at Mar. 31, 2022 |
|
120,000,000
|
|
|
|
| Beginning balance, value at Mar. 31, 2022 |
2,065,000,000
|
$ 1,000,000
|
1,634,000,000
|
408,000,000
|
22,000,000
|
| Net income (loss) |
73,000,000
|
|
|
73,000,000
|
|
| Derivative instrument adjustments, net of tax |
10,000,000
|
|
|
|
10,000,000
|
| Foreign currency translation adjustments |
(6,000,000)
|
|
|
|
(6,000,000)
|
| Activity related to share-based compensation |
16,000,000
|
|
16,000,000
|
|
|
| Employee stock plan issuance |
2,000,000
|
|
2,000,000
|
|
|
| Repurchase and retirement of common stock (in shares) |
|
(2,000,000)
|
|
|
|
| Repurchase and retirement of common stock |
(83,000,000)
|
|
(26,000,000)
|
(57,000,000)
|
|
| Ending balance (in shares) at Jun. 30, 2022 |
|
118,000,000
|
|
|
|
| Ending balance, value at Jun. 30, 2022 |
2,077,000,000
|
$ 1,000,000
|
1,626,000,000
|
424,000,000
|
26,000,000
|
| Net income (loss) |
149,767,212
|
|
|
150,000,000
|
|
| Derivative instrument adjustments, net of tax |
17,000,000
|
|
|
|
17,000,000
|
| Foreign currency translation adjustments |
(11,000,000)
|
|
|
|
(11,000,000)
|
| Activity related to share-based compensation |
13,000,000
|
|
13,000,000
|
|
|
| Repurchase and retirement of common stock (in shares) |
|
(2,000,000)
|
|
|
|
| Repurchase and retirement of common stock |
$ (89,000,000)
|
|
(32,000,000)
|
(57,000,000)
|
|
| Ending balance (in shares) at Sep. 30, 2022 |
116,387,235
|
116,000,000
|
|
|
|
| Ending balance, value at Sep. 30, 2022 |
$ 2,157,000,000
|
$ 1,000,000
|
$ 1,607,000,000
|
$ 517,000,000
|
$ 32,000,000
|