Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share, Basic and Diluted

The following tables below present the calculation of our basic and diluted earnings (loss) per share (“EPS”) and the corresponding weighted average shares outstanding referenced in these calculations for the three months ended March 31, 2022 and 2021.

	Three Months Ended March 31,
($ and shares outstanding in millions, except per share amounts)	2022		2021
Basic EPS:
Numerator:
Net income (loss)(1)	$	51	$	(7	)
Denominator:
Weighted average shares outstanding		120		85
Basic EPS	$	0.42	$	(0.08	)
Diluted EPS:
Numerator:
Net income (loss)(1)	$	51	$	(7	)
Denominator:
Weighted average shares outstanding		122		85
Diluted EPS	$	0.42	$	(0.08	)

(1) Net income (loss) for the three months ended March 31, 2022 and 2021 was $50,768,844 and $(6,771,415), respectively.

	Three months ended March 31,
	2022		2021
Weighted average shares outstanding:
Basic EPS		119,980,766		85,307,705
Diluted EPS		121,844,837		85,307,705