Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2021

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):


	Three Months Ended June 30,
	2020						2021
	Class A		Class B		Class C		Class A		Class B		Class C
Basic net income per share:
Numerator
Allocation of undistributed earnings	$	3,055	$	473	$	3,431	$	8,321	$	1,265	$	8,939

Denominator
Number of shares used in per share computation	299,308		46,355		336,105		300,485		45,692		322,781



Basic net income per share	$	10.21	$	10.21	$	10.21	$	27.69	$	27.69	$	27.69
Diluted net income per share:
Numerator

Allocation of undistributed earnings for basic computation	$	3,055	$	473	$	3,431	$	8,321	$	1,265	$	8,939


Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares	473		0		0		1,265		0		0
Reallocation of undistributed earnings	(26)		(3)		26		(149)		(19)		149
Allocation of undistributed earnings	$	3,502	$	470	$	3,457	$	9,437	$	1,246	$	9,088




Denominator
Number of shares used in basic computation	299,308		46,355		336,105		300,485		45,692		322,781
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A common shares outstanding	46,355		0		0		45,692		0		0

Restricted stock units and other contingently issuable shares	92		0		5,164		15		0		10,639
Number of shares used in per share computation	345,755		46,355		341,269		346,192		45,692		333,420



Diluted net income per share	$	10.13	$	10.13	$	10.13	$	27.26	$	27.26	$	27.26


	Six Months Ended June 30,
	2020						2021
	Class A		Class B		Class C		Class A		Class B		Class C
Basic net income per share:
Numerator
Allocation of undistributed earnings	$	6,042	$	935	$	6,818	$	16,330	$	2,485	$	17,640

Denominator
Number of shares used in per share computation	299,642		46,383		338,092		300,610		45,742		324,737



Basic net income per share	$	20.16	$	20.16	$	20.16	$	54.32	$	54.32	$	54.32
Diluted net income per share:
Numerator

Allocation of undistributed earnings for basic computation	$	6,042	$	935	$	6,818	$	16,330	$	2,485	$	17,640


Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares	935		0		0		2,485		0		0
Reallocation of undistributed earnings	(53)		(7)		53		(269)		(36)		269
Allocation of undistributed earnings	$	6,924	$	928	$	6,871	$	18,546	$	2,449	$	17,909




Denominator
Number of shares used in basic computation	299,642		46,383		338,092		300,610		45,742		324,737
Weighted-average effect of dilutive securities
Add:
Conversion of Class B to Class A common shares outstanding	46,383		0		0		45,742		0		0

Restricted stock units and other contingently issuable shares	135		0		5,394		17		0		9,736
Number of shares used in per share computation	346,160		46,383		343,486		346,369		45,742		334,473



Diluted net income per share	$	20.00	$	20.00	$	20.00	$	53.54	$	53.54	$	53.54