Summary of Computation of Earnings Per Share |
The computation of earnings per share is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, 2022 | | September 30, 2021 | | September 30, 2022 | | September 30, 2021 | | (in thousands, except per share data) | Basic earnings per share: | | | | | | | | Net income | $ | 1,398,242 | | | $ | 1,449,071 | | | $ | 4,436,640 | | | $ | 4,508,799 | | Shares used in computation: | | | | | | | | Weighted-average shares of common stock outstanding | 444,878 | | | 442,778 | | | 444,529 | | | 443,052 | | Basic earnings per share | $ | 3.14 | | | $ | 3.27 | | | $ | 9.98 | | | $ | 10.18 | | | | | | | | | | Diluted earnings per share: | | | | | | | | Net income | $ | 1,398,242 | | | $ | 1,449,071 | | | $ | 4,436,640 | | | $ | 4,508,799 | | Shares used in computation: | | | | | | | | Weighted-average shares of common stock outstanding | 444,878 | | | 442,778 | | | 444,529 | | | 443,052 | | Employee stock options | 5,466 | | | 12,147 | | | 6,639 | | | 12,178 | | Weighted-average number of shares | 450,344 | | | 454,925 | | | 451,168 | | | 455,230 | | Diluted earnings per share | $ | 3.10 | | | $ | 3.19 | | | $ | 9.83 | | | $ | 9.90 | |
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Summary of Potential Common Shares Excluded from the Diluted Calculation |
The following table summarizes the potential shares of common stock excluded from the diluted calculation: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 30, 2022 | | September 30, 2021 | | September 30, 2022 | | September 30, 2021 | | (in thousands) | Employee stock options | 8,536 | | | 279 | | | 6,487 | | | 441 | |
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