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Net Loss per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Loss per Share
Net Loss per Share
Net Loss per Share Attributable to Common Stockholders
Basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2019, 2018 and 2017 are calculated as follows (in thousands, except share and per share data):
 
Years Ended
December 31,
 
2019
 
2018
 
2017
Numerator:
 
 
 
 
 
Net loss
$
(514,021
)
 
$
(384,734
)
 
$
(255,916
)
Premium paid on repurchase of redeemable convertible preferred stock

 
(4,127
)
 

Cumulative dividends on redeemable convertible preferred stock

 
(12,996
)
 
(13,925
)
Net loss attributable to common stockholders
$
(514,021
)
 
$
(401,857
)
 
$
(269,841
)
Denominator:
 
 
 
 
 
Weighted average common shares used in net loss per share attributable to common stockholders, basic and diluted
330,802,136

 
81,114,183

 
64,497,544

Net loss per share attributable to common stockholders, basic and diluted
$
(1.55
)
 
$
(4.95
)
 
$
(4.18
)

The following common stock equivalents, presented based on amounts outstanding as of December 31, 2019, 2018 and 2017 were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods indicated because their inclusion would have been anti-dilutive:
 
December 31,
 
2019
 
2018
 
2017
Redeemable convertible preferred stock

 

 
205,151,299

Stock options
45,536,915

 
50,821,132

 
33,684,134

Restricted common stock

 
198,597

 
1,081,205

Restricted common stock units
1,177,249

 
458,715

 
458,715

 
46,714,164

 
51,478,444

 
240,375,353