Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

v3.22.4
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Treasury Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Accumulated Deficit
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2019     53,045,510          
Beginning balance at Dec. 31, 2019 $ 262,386   $ 53,046 $ 0 $ 289,344 $ (7,961) $ (72,043)  
Beginning balance (in shares) at Dec. 31, 2019       0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 24,249           24,249  
Other comprehensive income (loss) 4,787         4,787    
Ending balance (in shares) at Dec. 31, 2020     53,045,510          
Ending balance at Dec. 31, 2020 291,422   $ 53,046 $ 0 289,344 (3,174) (47,794)  
Ending balance (in shares) at Dec. 31, 2020       0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shareholders’ capital distributions (60,000)       (60,000)      
Share-based compensation 156       156      
Net income (loss) 20,629           20,629  
Other comprehensive income (loss) 236         236    
Ending balance (in shares) at Nov. 08, 2021     53,045,510          
Ending balance at Nov. 08, 2021 $ 252,443   $ 53,046 $ 0 229,500 (2,938) (27,165)  
Ending balance (in shares) at Nov. 08, 2021       0        
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2016-13 [Member]              
Beginning balance (in shares) at Dec. 31, 2020     53,045,510          
Beginning balance at Dec. 31, 2020 $ 291,422   $ 53,046 $ 0 289,344 (3,174) (47,794)  
Beginning balance (in shares) at Dec. 31, 2020       0        
Ending balance (in shares) at Dec. 31, 2021 157,237,435   157,237,435          
Ending balance at Dec. 31, 2021 $ 1,081,618 $ (1,545) $ 157,237 $ 0 1,670,033 (7,135) (738,517) $ (1,545)
Ending balance (in shares) at Dec. 31, 2021 0     0        
Beginning balance (in shares) at Nov. 08, 2021     53,045,510          
Beginning balance at Nov. 08, 2021 $ 252,443   $ 53,046 $ 0 229,500 (2,938) (27,165)  
Beginning balance (in shares) at Nov. 08, 2021       0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) $ (682,149)           (682,149)  
Ending balance (in shares) at Dec. 31, 2021 157,237,435   157,237,435          
Ending balance at Dec. 31, 2021 $ 1,081,618 (1,545) $ 157,237 $ 0 1,670,033 (7,135) (738,517) (1,545)
Ending balance (in shares) at Dec. 31, 2021 0     0        
Beginning balance (in shares) at Nov. 09, 2021     156,937,410          
Beginning balance at Nov. 09, 2021 $ 1,476,881   $ 156,937 $ 0 1,376,312 0 (56,368)  
Beginning balance (in shares) at Nov. 09, 2021       0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Sale of ordinary shares issued to Director Subscribers (in shares)     200,000          
Sale of ordinary shares issued to Director Subscribers 2,000   $ 200   1,800      
Share-based compensation 290,846       290,846      
Ordinary shares issued related to share-based compensation (in shares)     100,000          
Ordinary shares issued related to share-based compensation 1,175   $ 100   1,075      
Warrants exercised (in shares)     25          
Net income (loss) (682,149)           (682,149)  
Other comprehensive income (loss) $ (7,135)         (7,135)    
Ending balance (in shares) at Dec. 31, 2021 157,237,435   157,237,435          
Ending balance at Dec. 31, 2021 $ 1,081,618 (1,545) $ 157,237 $ 0 1,670,033 (7,135) (738,517) (1,545)
Ending balance (in shares) at Dec. 31, 2021 0     0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation $ 4,963       4,963   0  
Net income (loss) 36,963       0   36,963  
Ending balance (in shares) at Mar. 31, 2022     163,234,542,000          
Ending balance at Mar. 31, 2022 $ 1,137,982   $ 163,235 $ 0 1,683,310 (7,009) (701,554)  
Ending balance (in shares) at Mar. 31, 2022       0        
Beginning balance (in shares) at Dec. 31, 2021 157,237,435   157,237,435          
Beginning balance at Dec. 31, 2021 $ 1,081,618 (1,545) $ 157,237 $ 0 1,670,033 (7,135) (738,517) (1,545)
Beginning balance (in shares) at Dec. 31, 2021 0     0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) $ 45,890              
Ending balance (in shares) at Jun. 30, 2022 162,637,029   163,234,542,000          
Ending balance at Jun. 30, 2022 $ 1,128,963   $ 163,235 $ (5,008) 1,686,743 (23,380) (692,627)  
Ending balance (in shares) at Jun. 30, 2022 597,513     597,513,000        
Beginning balance (in shares) at Dec. 31, 2021 157,237,435   157,237,435          
Beginning balance at Dec. 31, 2021 $ 1,081,618 (1,545) $ 157,237 $ 0 1,670,033 (7,135) (738,517) (1,545)
Beginning balance (in shares) at Dec. 31, 2021 0     0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) $ 152,117              
Ending balance (in shares) at Sep. 30, 2022 162,316,326   163,234,542,000          
Ending balance at Sep. 30, 2022 $ 1,213,600   $ 163,235 $ (7,572) 1,685,898 (41,561) (586,400)  
Ending balance (in shares) at Sep. 30, 2022 918,216     918,216,000        
Beginning balance (in shares) at Dec. 31, 2021 157,237,435   157,237,435          
Beginning balance at Dec. 31, 2021 $ 1,081,618 $ (1,545) $ 157,237 $ 0 1,670,033 (7,135) (738,517) $ (1,545)
Beginning balance (in shares) at Dec. 31, 2021 0     0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation $ 14,649       14,649      
Ordinary shares issued related to share-based compensation (in shares)     5,952,992          
Ordinary shares issued related to share-based compensation 0   $ 5,954   (5,954)      
Liability portion of founders advisory fees - related party reclassified to additional paid in capital 19,568       19,568      
Warrants exercised (in shares)     44,115          
Warrants exercised $ 529   $ 44   485      
Ordinary shares repurchased (in shares) 6,436,736     6,436,736        
Ordinary shares repurchased $ (49,341)     $ (49,341)        
Net income (loss) 91,758           91,758  
Other comprehensive income (loss) $ (18,336)         (18,336)    
Ending balance (in shares) at Dec. 31, 2022 156,797,806   163,234,542          
Ending balance at Dec. 31, 2022 $ 1,138,900   $ 163,235 $ (49,341) 1,698,781 (25,471) (648,304)  
Ending balance (in shares) at Dec. 31, 2022 6,436,736     6,436,736        
Beginning balance (in shares) at Mar. 31, 2022     163,234,542,000          
Beginning balance at Mar. 31, 2022 $ 1,137,982   $ 163,235 $ 0 1,683,310 (7,009) (701,554)  
Beginning balance (in shares) at Mar. 31, 2022       0        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation 3,433       3,433      
Ordinary shares repurchased (in shares)       597,513,000        
Ordinary shares repurchased (5,008)     $ (5,008)        
Net income (loss) 8,927           8,927  
Other comprehensive income (loss) $ (16,371)         (16,371)    
Ending balance (in shares) at Jun. 30, 2022 162,637,029   163,234,542,000          
Ending balance at Jun. 30, 2022 $ 1,128,963   $ 163,235 $ (5,008) 1,686,743 (23,380) (692,627)  
Ending balance (in shares) at Jun. 30, 2022 597,513     597,513,000        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Share-based compensation $ (845)       (845)      
Ordinary shares repurchased (in shares)       320,703,000        
Ordinary shares repurchased (2,564)     $ (2,564)        
Net income (loss) 106,227           106,227  
Other comprehensive income (loss) $ (18,181)         (18,181)    
Ending balance (in shares) at Sep. 30, 2022 162,316,326   163,234,542,000          
Ending balance at Sep. 30, 2022 $ 1,213,600   $ 163,235 $ (7,572) $ 1,685,898 $ (41,561) $ (586,400)  
Ending balance (in shares) at Sep. 30, 2022 918,216     918,216,000