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Interim Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net revenues $ 3,415 $ 2,597 $ 6,452 $ 4,845
Cost of net revenues (1,695) (1,313) (3,196) (2,488)
Gross profit 1,720 1,284 3,256 2,357
Operating expenses:        
Product and technology development (368) (262) (749) (496)
Sales and marketing (383) (296) (766) (583)
Provision for doubtful accounts (222) (303) (474) (557)
General and administrative (189) (173) (369) (332)
Total operating expenses (1,162) (1,034) (2,358) (1,968)
Income from operations 558 250 898 389
Other income (expenses):        
Interest income and other financial gains 188 46 349 77
Interest expense and other financial losses (92) (73) (186) (129)
Foreign currency losses, net (182) (60) (269) (63)
Net income before income tax expense and equity in earnings of unconsolidated entity 472 163 792 274
Income tax benefit (210) (39) (332) (85)
Equity in earnings of unconsolidated entity 0 (1) 3 (1)
Net income $ 262 $ 123 $ 463 $ 188
Basic EPS: Basic net income        
Basic net income available to shareholders per common share (in dollars per share) $ 5.22 $ 2.43 $ 9.23 $ 3.73
Weighted average of outstanding common shares (in shares) 50,162,687 50,364,529 50,203,652 50,386,519
Diluted EPS: Diluted net income        
Diluted net income available to shareholders per common share (in dollars per share) $ 5.16 $ 2.43 $ 9.12 $ 3.73
Weighted average of outstanding common shares (in shares) 51,152,955 50,364,529 51,193,920 50,386,519
Service        
Net revenues $ 3,051 $ 2,332 $ 5,814 $ 4,329
Product        
Net revenues $ 364 $ 265 $ 638 $ 516