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EARNINGS (LOSSES) PER SHARE
12 Months Ended
Dec. 31, 2023
EARNINGS (LOSSES) PER SHARE  
EARNINGS (LOSSES) PER SHARE

15.EARNINGS (LOSSES) PER SHARE

The following table sets forth the computation of basic and diluted earnings (losses) per share for the years indicated:

Years Ended December 31, 

    

2021

    

2022

    

2023

Net (loss) income attributable to ordinary shareholders — basic

 

(465)

 

(1,821)

 

4,085

Net (loss) income attributable to ordinary shareholders — diluted

 

(465)

 

(1,821)

 

4,205

Weighted average ordinary shares outstanding — basic

 

3,114,124,244

 

3,111,196,757

 

3,183,163,131

Incremental weighted-average ordinary shares from assumed exercise of share options and nonvested restricted stocks using the treasury stock method

 

 

 

44,331,080

Dilutive effect of convertible senior notes

 

 

 

123,927,000

Weighted average ordinary shares outstanding — diluted

 

3,114,124,244

 

3,111,196,757

 

3,351,421,211

Basic (losses) earnings per share

 

(0.15)

 

(0.59)

 

1.28

Diluted (losses) earnings per share

 

(0.15)

 

(0.59)

 

1.25

For the years ended December 31, 2021, 2022 and 2023, the Group had securities which could potentially dilute basic earnings per share in the future, but which were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive. Such outstanding securities consist of the following at non-weighted basis:

As of December 31, 

   

2021

    

2022

    

2023

Outstanding employee options and nonvested restricted stocks

53,696,490

76,939,150

53,132,230

Shares of convertible senior notes

226,827,410

120,601,000

Total

 

280,523,900

 

197,540,150

 

53,132,230

In accordance with ASC Topic 470-20, although legally issued, the loaned ADSs in connection with the “2022 Notes” are not considered outstanding, and then excluded from basic and diluted earnings per share unless default of the ADS lending arrangement occurs, at which time the Loaned ADSs would be included in the basic and diluted earnings per share calculation.

All these Loaned ADSs had been returned to the Company with the maturity of 2022 Notes on November 1, 2022 and was accounted for as an increase to the treasury shares.