Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share (Tables)

v3.22.4
Earnings (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings (Loss) Per Share

The following table presents the calculation of basic earnings (loss) per share and diluted earnings per share of Class A common stock:

 

 

 

Year Ended
December 31, 2022

 

 

Year Ended
December 31, 2021

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

2,875

 

 

$

(51,440

)

Less: net loss attributable to noncontrolling interests

 

 

19,284

 

 

 

78,417

 

Less: dividends on preferred shares

 

 

(13,000

)

 

 

(5,742

)

Less: deemed dividend

 

 

(31,185

)

 

 

(84,994

)

Net loss attributable to XPO Inc. - basic and diluted

 

$

(22,026

)

 

$

(63,759

)

Denominator:

 

 

 

 

 

 

Weighted average shares of Class A common stock outstanding - basic and diluted

 

 

25,295

 

 

 

22,403

 

 

 

 

 

 

 

 

Net loss per share attributable to Class A common stock - basic

 

$

(0.87

)

 

$

(2.85

)

Net loss per share attributable to Class A common stock - diluted

 

$

(0.87

)

 

$

(2.85

)

Anti-dilutive shares excluded from diluted loss per share of Class A common stock:

 

 

 

 

 

 

Rumble Class A common stock

 

 

-

 

 

 

1,300

 

Restricted stock units

 

 

2,102

 

 

 

1,123

 

Convertible preferred stock

 

 

13,889

 

 

 

13,889

 

Conversion of Class B common stock to Class A common stock

 

 

21,572

 

 

 

22,969

 

Treasury share options

 

 

75

 

 

 

-

 

Rumble contingent shares

 

 

2,024

 

 

 

2,024

 

Profits interests, time vesting

 

 

14

 

 

 

74

 

Profit interest units, performance vesting

 

 

-

 

 

 

1,935