Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

The following table presents the computation of earnings per share for the three months ended March 31, 2022 and 2021:


	For the three months ended March 31,
(in millions, except share/per share amounts)	2022		2021
Net income (loss)	$	(2,675)	$	80

Number of common shares:
Weighted average outstanding	1,114,610,964		675,385,145
Issued upon assumed exercise of outstanding stock options	—		—
Effect of issuance of non-vested restricted common stock	—		870,541
Effect of issuance of non-vested restricted units	—		804,944
Effect of issuance of non-vested performance units	—		2,807,195
Weighted average and potential dilutive outstanding	1,114,610,964		679,867,825

Earnings (loss) per common share
Basic	$	(2.40)	$	0.12
Diluted	$	(2.40)	$	0.12

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the common stock shares equivalent excluded from the calculation of diluted earnings per share for the three months ended March 31, 2022 and 2021, as they would have had an antidilutive effect:


	For the three months ended March 31,
	2022	2021
Unexercised stock options	2,948,488	3,795,091
Stock-based compensation	1,436,920	—
Restricted stock units	2,528,005	3,987,291
Performance units	1,917,579	—
Total	8,830,992	7,782,382