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Redeemable Convertible Preferred Stock and Common Stock (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Redeemable Convertible Preferred Stock Prior to IPO
Our redeemable convertible preferred stock on the day immediately prior to the closing of our IPO, or December 11, 2018, and December 31, 2017 consisted of the following (in thousands, except share amounts):
 
 
Redeemable
Convertible
Preferred
Shares
Authorized
 
Redeemable
Convertible
Preferred
Shares
Issued and
Outstanding
 
Carrying
Value
 
Liquidation Preference
As of December 11,
2018
 
 
 
 
 
 
 
 
 
 
Series A redeemable convertible preferred stock
 
42,000,000

 
42,000,000

 
$
182

 
$
2,859

Series B redeemable convertible preferred stock
 
122,296,280

 
122,296,280

 
770

 
12,493

Series C redeemable convertible preferred stock
 
85,669,774

 
85,669,774

 
36,238

 
41,750

Series D redeemable convertible preferred stock
 
63,291,156

 
63,021,976

 
163,355

 
188,840

Series E redeemable convertible preferred stock
 
81,428,340

 
80,884,240

 
498,525

 
498,814

Series F redeemable convertible preferred stock
 
54,001,241

 
54,001,241

 
473,532

 
474,131

Series G redeemable convertible preferred stock
 
55,666,004

 
55,666,004

 
549,413

 
560,000

Series H redeemable convertible preferred stock
 
5,000,000

 
5,000,000

 
111,546

 
125,000

Balance at December 11, 2018
 
509,352,795

 
508,539,515

 
$
1,833,561

 
$
1,903,887

 
 
Redeemable
Convertible
Preferred
Shares
Authorized
 
Redeemable
Convertible
Preferred
Shares
Issued and
Outstanding
 
 
 
Liquidation Preference
As of December 31,
2017
 
 
 
 
 
 
 
 
 
 
Carrying
Value
 
Series A redeemable convertible preferred stock
 
42,000,000

 
42,000,000

 
$
182

 
$
2,701

Series B redeemable convertible preferred stock
 
122,296,280

 
122,296,280

 
770

 
11,801

Series C redeemable convertible preferred stock
 
85,669,774

 
85,669,774

 
36,238

 
39,676

Series D redeemable convertible preferred stock
 
63,291,156

 
63,291,156

 
164,059

 
179,462

Series E redeemable convertible preferred stock
 
81,428,340

 
81,428,340

 
501,880

 
502,169

Series F redeemable convertible preferred stock
 
54,001,241

 
54,001,241

 
473,532

 
474,131

Balance at December 31, 2017
 
448,686,791

 
448,686,791

 
$
1,176,661

 
$
1,209,940

The following table summarizes the activity for each series of our outstanding redeemable convertible preferred stock for the year ended December 31, 2018 (in thousands, except share data):
 
Series A
Redeemable
Convertible
Preferred
Stock
 
Series B
Redeemable
Convertible
Preferred
Stock
 
Series C
Redeemable
Convertible
Preferred
Stock
 
Series D
Redeemable
Convertible
Preferred
Stock
 
Series E
Redeemable
Convertible
Preferred
Stock
 
Series F
Redeemable
Convertible
Preferred
Stock
 
Series G
Redeemable
Convertible
Preferred
Stock
 
Series H
Redeemable
Convertible
Preferred
Stock
 
Total
Redeemable
Convertible
Preferred
Stock
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
Balance at December 31, 2017
42,000,000

 
$
182

 
122,296,280

 
$
770

 
85,669,774

 
$
36,238

 
63,291,156

 
$
164,059

 
81,428,340

 
$
501,880

 
54,001,241

 
$
473,532

 

 
$

 

 
$

 
448,686,791

 
$
1,176,661

Issuance of Series G redeemable convertible preferred stock, net of issuance costs of $10,517

 

 

 

 

 

 

 

 

 

 

 

 
55,666,004

 
549,413

 

 

 
55,666,004

 
549,413

Issuance of Series H redeemable convertible preferred stock, net of issuance costs of $474

 

 

 

 

 

 

 

 

 

 

 

 

 

 
5,000,000

 
111,546

 
5,000,000

 
111,546

Repurchase of Series D redeemable convertible preferred stock

 

 

 

 

 

 
(269,180
)
 
(704
)
 

 

 

 

 

 

 

 

 
(269,180
)
 
(704
)
Repurchase of Series E redeemable convertible preferred stock

 

 

 

 

 

 

 

 
(544,100
)
 
(3,355
)
 

 

 

 

 

 

 
(544,100
)
 
(3,355
)
Conversion of redeemable convertible preferred stock
(42,000,000
)
 
(182
)
 
(122,296,280
)
 
(770
)
 
(85,669,774
)
 
(36,238
)
 
(63,021,976
)
 
(163,355
)
 
(80,884,240
)
 
(498,525
)
 
(54,001,241
)
 
(473,532
)
 
(55,666,004
)
 
(549,413
)
 
(5,000,000
)
 
(111,546
)
 
(508,539,515
)
 
(1,833,561
)
Balance at December 31, 2018

 
$

 

 
$

 

 
$

 

 
$

 

 
$

 

 
$

 

 
$

 

 
$

 

 
$