Basic and Diluted Net Loss Per Common Share

6 Months Ended

Jun. 30, 2023

Basic and Diluted Net Loss Per Common Share

17. Basic and Diluted Net Loss Per Common Share

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


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Basic and diluted net loss per share
Numerator
Consolidated net loss	$	(284,841)	$	(178,734)	$	(554,789)	$	(340,754)
Less: net loss attributable to noncontrolling interest	(2,064)		(2,294)		(3,699)		(4,112)
Net loss attributable to common stockholders	$	(282,777)	$	(176,440)	$	(551,090)	$	(336,642)
Denominator
Weighted-average common shares used in computing net loss per share attributable to common stockholders, based and diluted	612,689		593,928		609,680		591,252
Net loss per share attributable to common stockholders, basic and diluted	$	(0.46)	$	(0.30)	$	(0.90)	$	(0.57)

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


	As of June 30,
	2023	2022
Stock options outstanding	46,588	55,921
RSUs outstanding	36,045	21,909
2020 ESPP	2,177	2,253
Stock warrants outstanding	264	264
RSAs outstanding	351	699
Total	85,425	81,046

The CEO Long-Term Performance Award, 2022 PSU Grants, and 2023 PSU Grants were excluded from the above table because the respective stock price or performance targets had not been met as of the periods presented.