Basic and Diluted Net Loss Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Summary of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Basic and diluted net loss per share
Numerator
Consolidated net loss	$	(301,902)	$	(77,190)	$	(642,656)	$	(356,223)
Less: net loss attributable to noncontrolling interest	(4,104)		(3,188)		(8,216)		(7,870)
Net loss attributable to common stockholders	$	(297,798)	$	(74,002)	$	(634,440)	$	(348,353)
Denominator
Weighted-average common shares used in per share computation, basic and diluted	597,779		575,932		593,452		480,357
Net loss per share, basic and diluted	$	(0.50)	$	(0.13)	$	(1.07)	$	(0.73)

Summary of Computation of Diluted Net Loss Per Share

The potential shares of common stock that were excluded from the computation of diluted net loss per share for the three and nine months ended September 30, 2022 and 2021 because including them would have been anti-dilutive are as follows (in thousands):


	As of Three and Nine Months Ended September 30,
	2022	2021
Stock options outstanding	53,412	69,847
RSUs outstanding	30,731	10,844
Stock warrants outstanding	264	324
Convertible Preferred Stock outstanding	—	—
Unregistered restricted stock awards outstanding	632	500
2020 ESPP	2,270	678
Total	87,309	82,193