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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share and Weighted Average Shares Outstanding

The computation of earnings per share and weighted average shares of the Company’s common stock outstanding for the period presented below (in thousands, except share and per share data):

 

 

 

Year ended
December 31, 2022

 

 

May 1, 2021 -
December 31, 2021

 

Basic earnings (loss) per share

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

Consolidated net income (loss)

 

$

321,664

 

 

$

(474,542

)

Net income (loss) attributable to NCI (Endeavor Operating Company)

 

 

166,679

 

 

 

(153,422

)

Net income (loss) attributable to NCI (Endeavor Manager)

 

 

25,852

 

 

 

(24,495

)

Net income (loss) attributable to the Company

 

 

129,133

 

 

 

(296,625

)

Adjustment to net income (loss) attributable to the Company

 

 

5,497

 

 

 

(1,798

)

Net income (loss) attributable to EGH common shareholders

 

$

134,630

 

 

$

(298,423

)

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

Weighted average Class A Common Shares outstanding - Basic

 

 

281,369,848

 

 

 

262,119,930

 

Basic earnings (loss) per share

 

$

0.48

 

 

$

(1.14

)

 

 

 

Year ended
December 31, 2022

 

 

May 1, 2021 -
December 31, 2021

 

Diluted earnings (loss) per share

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

Consolidated net income (loss)

 

$

321,664

 

 

$

(474,542

)

Net income (loss) attributable to NCI (Endeavor Operating Company)

 

 

167,287

 

 

 

(153,422

)

Net income (loss) attributable to NCI (Endeavor Manager)

 

 

27,276

 

 

 

(24,495

)

Net income (loss) attributable to the Company

 

 

127,101

 

 

 

(296,625

)

Adjustment to net income (loss) attributable to the Company

 

 

3,256

 

 

 

(1,798

)

Net income (loss) attributable to EGH common shareholders

 

$

130,357

 

 

$

(298,423

)

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

Weighted average Class A Common Shares outstanding - Basic

 

 

281,369,848

 

 

 

262,119,930

 

Additional shares assuming exchange of all EOC Profits Units

 

 

1,567,981

 

 

 

 

Additional shares from RSUs, Stock Options and Phantom Units, as calculated using the treasury stock method

 

 

1,870,980

 

 

 

 

Additional shares assuming redemption of redeemable non-controlling interests

 

 

2,899,023

 

 

 

 

Weighted average number of shares used in computing diluted earnings (loss) per share

 

 

287,707,832

 

 

 

262,119,930

 

Diluted earnings (loss) per share

 

$

0.45

 

 

$

(1.14

)

 

 

 

 

 

 

 

 

Securities that are anti-dilutive for the period

 

Year ended
December 31, 2022

 

 

May 1, 2021 -
December 31, 2021

 

Stock Options

 

 

2,512,767

 

 

 

3,350,666

 

Unvested RSUs

 

 

1,244,709

 

 

 

7,278,193

 

Manager LLC Units

 

 

23,242,032

 

 

 

26,415,650

 

EOC Common Units

 

 

141,711,612

 

 

 

144,549,587

 

EOC Profits Units & Phantom Units

 

 

 

 

 

16,068,906