v3.24.3
Net Income Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
 
Basic net income per share attributable to common stockholders is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, adjusted for the effects of dilutive shares of common stock, which are comprised of outstanding stock options, RSUs and ESPP obligations. Stock awards with performance or market conditions are included in dilutive shares to the extent all conditions are met. The potentially dilutive shares of common stock are computed using the treasury stock method or the as-if converted method, as applicable. The effects of outstanding stock options, RSUs and ESPP obligations are excluded from the computation of diluted net income per share in periods in which the effect would be antidilutive.
The following table presents the calculation of basic and diluted net income per share attributable to common stockholders (in millions, except for number of shares reflected in thousands and per share data):
 Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Numerator:
Net income$432 $242 $1,041 $1,436 
Denominator:
Weighted-average shares outstanding - basic206,158 204,464 205,639 203,961 
Weighted-average effect of potentially dilutive securities:
Common stock options131 122 138 118 
RSUs2,258 1,674 2,218 1,113 
ESPP obligations5 17 9 2 
Weighted-average shares outstanding - diluted208,552 206,277 208,004 205,194 
Net income per share - basic$2.09 $1.18 $5.06 $7.04 
Net income per share - diluted$2.07 $1.17 $5.00 $7.00 
Common stock options, RSUs and ESPP obligations excluded from diluted net income per share because their effect would have been anti-dilutive
1,082 3,068 2,715 3,647