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EARNINGS (LOSSES) PER SHARE
12 Months Ended
Dec. 31, 2021
EARNINGS (LOSSES) PER SHARE  
EARNINGS (LOSSES) PER SHARE

14.EARNINGS (LOSSES) PER SHARE

The following table sets forth the computation of basic and diluted earnings (losses) per share for the years indicated:

Years Ended December 31, 

    

2019

    

2020

    

2021

Net income (loss) attributable to ordinary shareholders — basic

 

1,769

 

(2,192)

 

(465)

Eliminate the dilutive effect of interest expense of convertible senior notes

 

40

 

 

Net income attributable to ordinary shareholders — diluted

 

1,809

 

(2,192)

 

(465)

Weighted average ordinary shares outstanding — basic

 

2,843,051,378

 

2,927,398,409

 

3,114,124,244

Incremental weighted-average ordinary shares from assumed exercise of share options and nonvested restricted stocks using the treasury stock method

 

93,975,271

 

 

Dilutive effect of convertible senior notes

 

106,072,250

 

 

Weighted average ordinary shares outstanding — diluted

 

3,043,098,899

 

2,927,398,409

 

3,114,124,244

Basic earnings (losses) per share

 

0.62

 

(0.75)

 

(0.15)

Diluted earnings (losses) per share

 

0.59

 

(0.75)

 

(0.15)

For the years ended December 31, 2019, 2020 and 2021, the Group had securities which could potentially dilute basic earnings per share in the future, but which were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive. Such outstanding securities consist of the following at non-weighted basis:

As of December 31, 

   

2019

    

2020

    

2021

Outstanding employee options and nonvested restricted stocks

70,954,080

53,696,490

Shares of convertible senior notes

226,827,410

226,827,410

Total

 

 

297,781,490

 

280,523,900