Net Income Per Share (Tables)

9 Months Ended

Sep. 30, 2020

The following table sets forth the computation of basic and diluted net income per share of Class A and Class B common stock and Class C capital stock (in millions, except share amounts which are reflected in thousands, and per share amounts, unaudited):


	Three Months Ended September 30,
	2019						2020
	Class A		Class B		Class C		Class A		Class B		Class C
Basic net income per share:
Numerator
Allocation of undistributed earnings	$	3,059	$	475	$	3,534	$	4,973	$	763	$	5,511

Denominator
Number of shares used in per share computation	299,835		46,515		346,391		300,411		46,108		332,930



Basic net income per share	$	10.20	$	10.20	$	10.20	$	16.55	$	16.55	$	16.55
Diluted net income per share:
Numerator

Allocation of undistributed earnings for basic computation	$	3,059	$	475	$	3,534	$	4,973	$	763	$	5,511


Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares	475		0		0		763		0		0
Reallocation of undistributed earnings	(24)		(4)		24		(53)		(7)		53
Allocation of undistributed earnings	$	3,510	$	471	$	3,558	$	5,683	$	756	$	5,564




Denominator
Number of shares used in basic computation	299,835		46,515		346,391		300,411		46,108		332,930
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A common shares outstanding	46,515		0		0		46,108		0		0

Restricted stock units and other contingently issuable shares	381		0		5,077		47		0		6,355
Number of shares used in per share computation	346,731		46,515		351,468		346,566		46,108		339,285



Diluted net income per share	$	10.12	$	10.12	$	10.12	$	16.40	$	16.40	$	16.40


	Nine Months Ended September 30,
	2019						2020
	Class A		Class B		Class C		Class A		Class B		Class C
Basic net income per share:
Numerator
Allocation of undistributed earnings	$	10,218	$	1,588	$	11,866	$	11,004	$	1,697	$	12,341

Denominator
Number of shares used in per share computation	299,493		46,549		347,818		299,934		46,266		336,361



Basic net income per share	$	34.12	$	34.12	$	34.12	$	36.69	$	36.69	$	36.69
Diluted net income per share:
Numerator

Allocation of undistributed earnings for basic computation	$	10,218	$	1,588	$	11,866	$	11,004	$	1,697	$	12,341


Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares	1,588		0		0		1,697		0		0
Reallocation of undistributed earnings	(83)		(13)		83		(103)		(14)		103
Allocation of undistributed earnings	$	11,723	$	1,575	$	11,949	$	12,598	$	1,683	$	12,444




Denominator
Number of shares used in basic computation	299,493		46,549		347,818		299,934		46,266		336,361
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A common shares outstanding	46,549		0		0		46,266		0		0

Restricted stock units and other contingently issuable shares	448		0		5,369		105		0		5,715
Number of shares used in per share computation	346,490		46,549		353,187		346,305		46,266		342,076



Diluted net income per share	$	33.83	$	33.83	$	33.83	$	36.38	$	36.38	$	36.38