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QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL DATA (UNAUDITED)

QUARTERLY FINANCIAL DATA (UNAUDITED)

The following tables present certain consolidated quarterly financial information for each of the last twelve quarters for the years ended December 31, 2023, 2022 and 2021:

			Quarter Ended
			March 31,						June 30,						September 30,						December 31,
			(In millions, except for share data)
2023
Net Revenues			$	3,037					$	3,415					$	3,760					$	4,261
Gross profit			1,536						1,720						1,995						1,955
Net Income			201						262						359						165
Net Income per share-basic			4.01						5.22						7.18						3.26
Net Income per share-diluted			3.97						5.16						7.16						3.25
Weighted average shares
Basic			50,245,073						50,162,687						50,008,320						50,631,669
Diluted			51,235,341						51,152,955						50,209,439						50,697,515
2022
Net Revenues			$	2,248					$	2,597					$	2,690					$	3,002
Gross profit			1,073						1,284						1,348						1,458
Net Income			65						123						129						165
Net Income per share-basic			1.30						2.43						2.57						3.28
Net Income per share-diluted			1.30						2.43						2.56						3.25
Weighted average shares
Basic			50,408,754						50,364,529						50,325,075						50,284,640
Diluted			50,408,754						50,364,529						51,315,343						51,274,909
2021
Net Revenues			$	1,378					$	1,703					$	1,858					$	2,130
Gross profit			591						754						807						853
Net (loss) Income			(34)						68						95						(46)
Net (loss) Income per share-basic			(0.68)						1.37						1.92						(0.92)
Net (loss) Income per share-diluted			(0.68)						1.37						1.92						(0.92)
Weighted average shares
Basic			49,867,625						49,822,272						49,597,157						49,926,533
Diluted			49,867,625						49,822,272						49,597,157						49,926,533

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- Definition

The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 270
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//270/tableOfContent

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