| 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:
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Year Ended
December 31, 2022 |
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Year Ended
December 31, 2021 |
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Numerator: |
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Net income (loss) |
|
$ |
2,875 |
|
|
$ |
(51,440 |
) |
Less: net loss attributable to noncontrolling interests |
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19,284 |
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|
78,417 |
|
Less: dividends on preferred shares |
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|
(13,000 |
) |
|
|
(5,742 |
) |
Less: deemed dividend |
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|
(31,185 |
) |
|
|
(84,994 |
) |
Net loss attributable to XPO Inc. - basic and diluted |
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$ |
(22,026 |
) |
|
$ |
(63,759 |
) |
Denominator: |
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Weighted average shares of Class A common stock outstanding - basic and diluted |
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|
25,295 |
|
|
|
22,403 |
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Net loss per share attributable to Class A common stock - basic |
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$ |
(0.87 |
) |
|
$ |
(2.85 |
) |
Net loss per share attributable to Class A common stock - diluted |
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$ |
(0.87 |
) |
|
$ |
(2.85 |
) |
Anti-dilutive shares excluded from diluted loss per share of Class A common stock: |
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Rumble Class A common stock |
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- |
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|
1,300 |
|
Restricted stock units |
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|
2,102 |
|
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|
1,123 |
|
Convertible preferred stock |
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13,889 |
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|
13,889 |
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Conversion of Class B common stock to Class A common stock |
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|
21,572 |
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|
22,969 |
|
Treasury share options |
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|
75 |
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|
- |
|
Rumble contingent shares |
|
|
2,024 |
|
|
|
2,024 |
|
Profits interests, time vesting |
|
|
14 |
|
|
|
74 |
|
Profit interest units, performance vesting |
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|
- |
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1,935 |
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