Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share (Tables)

v3.23.1
Earnings (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted loss per share for the three months ended March 31, 2023 and 2022:

 

 

 

Three Months
Ended
March 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(14,979

)

 

$

(15,179

)

Less: net loss attributable to noncontrolling interests

 

 

24,588

 

 

 

35,003

 

Less: dividends on preferred shares

 

 

(2,069

)

 

 

(3,250

)

Less: deemed dividend

 

 

(62,660

)

 

 

(50,931

)

Add: deemed contribution from redemption of convertible preferred stock

 

 

12,679

 

 

 

-

 

Net loss attributable to XPO Inc. - basic and diluted

 

$

(42,441

)

 

$

(34,357

)

Denominator:

 

 

 

 

 

 

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

 

 

30,754

 

 

 

22,737

 

 

 

 

 

 

 

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

 

$

(1.38

)

 

$

(1.51

)

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

 

$

(1.38

)

 

$

(1.51

)

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

 

 

 

 

 

 

Rumble Class A common stock

 

 

-

 

 

 

1,300

 

Restricted stock units

 

 

1,781

 

 

 

2,360

 

Convertible preferred stock

 

 

7,963

 

 

 

13,889

 

Conversion of Class B common stock to Class A common stock

 

 

16,656

 

 

 

24,564

 

Treasury share options

 

 

75

 

 

 

-

 

Rumble contingent shares

 

 

2,024

 

 

 

2,024

 

Profits interests, time vesting

 

 

4

 

 

 

48