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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Stock-Based Compensation Expense Related to Grants of Employee Stock Options, Restricted Stock Units (RSUs) and Performance and Market Based Awards

We recorded stock-based compensation expense related to grants of employee stock options, restricted stock units (“RSUs”) and performance and market-based awards in our consolidated statements of operations as follows (in millions):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Cost of revenue

 

$

0.7

 

 

$

0.5

 

 

$

1.3

 

 

$

1.0

 

Research and development

 

 

28.7

 

 

 

12.5

 

 

 

53.0

 

 

 

23.2

 

Sales and marketing

 

 

4.7

 

 

 

3.9

 

 

 

8.6

 

 

 

7.0

 

General and administrative

 

 

9.1

 

 

 

8.7

 

 

 

17.5

 

 

 

14.9

 

Total stock-based compensation expense

 

$

43.2

 

 

$

25.6

 

 

$

80.4

 

 

$

46.1

 

 

Schedule of Share Based Compensation Stock Option Activity

The following table shows stock option activity for the six months ended June 30, 2021 (in millions, except weighted-average exercise price and weighted-average contractual term):

 

 

 

Outstanding Options

 

 

 

 

 

 

 

 

 

 

 

Aggregate

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-Average

 

 

Intrinsic Value of

 

 

Average

 

 

 

 

 

 

 

Exercise Price

 

 

Stock Options

 

 

Contractual Term

 

 

 

Stock Options

 

 

(per option)

 

 

Outstanding

 

 

(in years)

 

Balance as of December 31, 2020

 

 

30.1

 

 

$

3.46

 

 

$

193.1

 

 

 

6.43

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited, expired and cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(2.0

)

 

 

2.96

 

 

 

 

 

 

 

 

 

Balance as of June 30, 2021

 

 

28.1

 

 

$

3.49

 

 

$

201.0

 

 

 

5.99

 

Schedule of Share Based Compensation Restricted Stock Units Award Activity

The following table shows a summary of RSU activity for the six months ended June 30, 2021, which includes performance and market-based awards (in millions, except weighted-average grant date fair value):

 

 

 

Outstanding RSUs

 

 

 

 

 

 

 

Weighted-Average

 

 

Aggregate

 

 

 

 

 

 

 

Grant Date Fair Value

 

 

Intrinsic Value of

 

 

 

Shares

 

 

(per share)

 

 

Unvested RSUs

 

Unvested as of December 31, 2020

 

 

64.5

 

 

$

7.43

 

 

$

636.0

 

Granted

 

 

16.2

 

 

 

10.29

 

 

 

 

 

Vested

 

 

(8.8

)

 

 

4.84

 

 

 

 

 

Forfeited

 

 

(2.1

)

 

 

6.33

 

 

 

 

 

Unvested as of June 30, 2021

 

 

69.8

 

 

$

8.45

 

 

$

742.6