| Earnings (loss) per share |
|
Earnings (loss) per share | The computation of net income per share is as follows (in thousands, except per share amounts):
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Table 18.1. Earnings (loss) per share |
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Three months ended June 30, |
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|
$ |
(482,100 |
) |
|
$ |
32,923 |
|
|
$ |
(417,309 |
) |
|
$ |
81,562 |
|
Less: Dividend preference on preferred shares |
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|
— |
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|
(32,923 |
) |
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— |
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(81,562 |
) |
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Net income (loss) available to common stockholders – basic |
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$ |
(482,100 |
) |
|
$ |
— |
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|
$ |
(417,309 |
) |
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|
|
|
|
|
$ |
(482,100 |
) |
|
$ |
32,923 |
|
|
$ |
(417,309 |
) |
|
$ |
81,562 |
|
Less: Changes in fair value of convertible debt and warrant liability |
|
|
— |
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|
|
— |
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|
|
— |
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|
(1,053 |
) |
Less: Dividend preference on preferred shares |
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— |
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|
(32,923 |
) |
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— |
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(80,509 |
) |
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Net income (loss) available to common stockholders – diluted |
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$ |
(482,100 |
) |
|
$ |
— |
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|
$ |
(417,309 |
) |
|
$ |
— |
|
Weighted-average common shares – basic |
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|
107,514 |
|
|
|
54,396 |
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|
|
82,877 |
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|
|
54,186 |
|
Add: Weighted-average effect of dilutive securities |
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— |
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|
16,020 |
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— |
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|
18,790 |
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Weighted-average common shares – diluted |
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|
107,514 |
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|
70,416 |
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|
82,877 |
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|
72,976 |
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Earnings (loss) per common share, basic and diluted |
|
$ |
(4.48 |
) |
|
$ |
0.00 |
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|
$ |
(5.04 |
) |
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$ |
0.00 |
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| The outstanding securities that were excluded from the computation of diluted earnings (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows (in thousands):
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Table 18.2. Potentially Dilutive Securities |
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Three Months Ended
June 30, |
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Redeemable convertible preferred stock |
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— |
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|
139,237 |
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— |
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|
139,237 |
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37,518 |
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— |
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37,518 |
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|
— |
|
Common stock in connection with business combinations |
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|
2,103 |
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|
332 |
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|
2,103 |
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|
332 |
|
Convertible debt, net of debt discount |
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|
1,125 |
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|
1,617 |
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|
1,125 |
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— |
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— |
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1,535 |
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— |
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— |
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40,746 |
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142,721 |
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40,746 |
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139,569 |
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19. Earnings (loss) per share The computation of net income (loss) per share is as follows (in thousands, except per share amounts): Table 19.1. Earnings (loss) per Share
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Net income (loss) from continuing operations |
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$ |
156,991 |
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$ |
271,549 |
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$ |
(761,772 |
) |
Net loss from discontinued operations |
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(1,324 |
) |
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(3,987 |
) |
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(7,075 |
) |
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| |
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$ |
155,667 |
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$ |
267,562 |
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$ |
(768,847 |
) |
| |
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Dividend preference on preferred shares |
|
$ |
(91,044 |
) |
|
$ |
(90,363 |
) |
|
$ |
— |
|
Undistributed earnings allocated to preferred shares |
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|
(46,514 |
) |
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|
(132,291 |
) |
|
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— |
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Net income (loss) available to common stockholders – basic |
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$ |
18,109 |
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$ |
44,908 |
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$ |
(768,847 |
) |
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Changes in fair value of convertible debt and warrant liability |
|
$ |
(1,036 |
) |
|
$ |
(15,264 |
) |
|
$ |
— |
|
Dividend preference on preferred shares |
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|
(90,363 |
) |
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|
(90,363 |
) |
|
|
— |
|
Undistributed earnings allocated to preferred shares |
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|
(42,154 |
) |
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|
(109,037 |
) |
|
|
— |
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Net income (loss) available to common stockholders – diluted |
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$ |
22,114 |
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$ |
52,898 |
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$ |
(768,847 |
) |
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Weighted-average common shares – basic |
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|
54,413 |
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|
47,265 |
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|
46,663 |
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Weighted-average effect of dilutive securities |
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18,629 |
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|
20,284 |
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— |
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Weighted-average common shares – diluted |
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73,042 |
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67,549 |
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|
46,663 |
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Earnings (loss) per common share: |
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Basic earnings (loss) per share |
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| |
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$ |
0.33 |
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$ |
0.95 |
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$ |
(16.33 |
) |
| |
|
|
(0.00 |
) |
|
|
(0.00 |
) |
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|
(0.15 |
) |
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Basic earnings (loss) per common share |
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$ |
0.33 |
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$ |
0.95 |
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$ |
(16.48 |
) |
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Diluted earnings (loss) per common share: |
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| |
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$ |
0.30 |
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$ |
0.78 |
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$ |
(16.33 |
) |
| |
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|
(0.00 |
) |
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(0.00 |
) |
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(0.15 |
) |
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Diluted earnings (loss) per common share |
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$ |
0.30 |
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$ |
0.78 |
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$ |
(16.48 |
) |
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| The outstanding securities that were excluded from the computation of diluted earnings (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows (in thousands): Table 19.2. Potentially Dilutive Securities
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|
Redeemable convertible preferred stock |
|
|
139,762 |
|
|
|
139,237 |
|
|
|
139,237 |
|
| |
|
|
— |
|
|
|
— |
|
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|
32,394 |
|
Common stock in connection with business combinations |
|
|
211 |
|
|
|
1,027 |
|
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|
3,262 |
|
| |
|
|
— |
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|
|
— |
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|
1,479 |
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| |
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|
— |
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— |
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1,535 |
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| |
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139,973 |
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140,264 |
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177,907 |
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