Basic and Diluted Net Loss Per Common Share

12 Months Ended

Dec. 31, 2022

Basic and Diluted Net Loss Per Common Share

Basic and Diluted Net Loss Per Common ShareThe following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):


	Year Ended December 31,
	2022		2021		2020
Basic and diluted net loss per share
Numerator
Consolidated net loss	$	(934,141)	$	(503,480)	$	(257,691)
Less: net loss attributable to the noncontrolling interest	(9,775)		(11,829)		(4,437)
Net loss attributable to common stockholders	$	(924,366)	$	(491,651)	$	(253,254)
Denominator
Weighted-average common shares used in computing net loss per share attributable to common stockholders, based and diluted	595,559		505,858		182,108
Net loss per share attributable to common stockholders, basic and diluted	$	(1.55)	$	(0.97)	$	(1.39)

The potential shares of common stock that were excluded from the computation of diluted net loss per share for the period presented because including them would have been anti-dilutive are as follows (in thousands):


	As of December 31,
	2022	2021	2020
Stock options outstanding	51,591	63,267	98,502
RSUs outstanding	30,322	14,684	3,061
2020 ESPP	2,311	523	—
Stock warrants outstanding	264	324	324
RSAs outstanding	500	468	388
Convertible preferred stock outstanding	—	—	337,235
Total	84,988	79,266	439,510

The CEO Long-Term Performance Award and 2022 PSU Grants were excluded from the above table because the respective stock price targets had not been met as of the periods presented.