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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Income Attributable to Shareholders

The following table sets forth the computation of basic and diluted income attributable to common shareholders of Sinovac per share (in thousands, except for number of shares and per share data):

 

 

 

 

For the year ended December 31

 

 

 

 

2022

 

 

2021

 

 

2020

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

Net income

 

$

88,131

 

 

$

14,458,911

 

 

$

185,179

 

 

Less: Income (loss) attributable to non-controlling interests

 

 

(25,735

)

 

 

5,991,431

 

 

 

74,810

 

 

Income attributable to shareholders of Sinovac

 

 

113,866

 

 

 

8,467,480

 

 

 

110,369

 

 

Less: Preferred stock dividends

 

 

5,982

 

 

 

5,982

 

 

 

6,015

 

 

Net income attributable to shareholders of Sinovac

 

 

107,884

 

 

 

8,461,498

 

 

 

104,354

 

 

Net income attributable to shareholders of Sinovac for computing diluted net income per share

 

 

113,866

 

 

 

8,467,480

 

 

 

110,369

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of common shares outstanding

 

 

99,502,243

 

 

 

99,311,551

 

 

 

98,897,345

 

 

Dilutive effect of stock options and preferred shares

 

 

14,670,539

 

 

 

14,694,432

 

 

 

14,765,017

 

 

Diluted weighted average number of common shares outstanding

 

 

114,172,782

 

 

 

114,005,983

 

 

 

113,662,362

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

 

1.08

 

 

 

85.20

 

 

 

1.06

 

 

Diluted net income per share

 

 

1.00

 

 

 

74.27

 

 

 

0.97