XML 30 R19.htm IDEA: XBRL DOCUMENT v3.24.2.u1
NET INCOME (LOSS) PER SHARE
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NOTE 12: NET INCOME (LOSS) PER SHARE
The following table presents the calculation of basic and diluted income (loss) per share:
(in millions, except share and per share data)Three Months Ended June 30, Six Months Ended June 30,
2023202420232024
Class AClass BClass AClass BClass AClass BClass AClass B
Basic earnings per share (“EPS”):
Numerator
Net income (loss)$21 $$162 $26 $(417)$(69)$296 $49 
Net income (loss) attributable to common stockholders$21 $$162 $26 $(417)$(69)$296 $49 
Denominator
Weighted-average common shares outstanding - basic777,563,804 127,421,059 757,466,271 123,610,353 773,416,723 127,560,322 753,481,841 124,716,174 
Basic EPS$0.03 $0.03 $0.21 $0.21 $(0.54)$(0.54)$0.39 $0.39 
Diluted EPS:
Numerator
Net income (loss)$21 $$162 $26 $(417)$(69)$296 $49 
Reallocation of net income as a result of conversion of Class B to Class A common stock— 26 — — — 49 — 
Reallocation of net income to Class B common stock— (1)— (1)
Net income (loss) for diluted EPS$25 $$188 $25 $(417)$(69)$345 $48 
Denominator
Weighted-average common shares outstanding - basic777,563,804 127,421,059 757,466,271 123,610,353 773,416,723 127,560,322 753,481,841 124,716,174 
Dilutive effect of stock options and unvested shares16,284,886 — 23,413,948 — — — 21,828,598 — 
Conversion of Class B to Class A common stock127,421,059 — 123,610,353 — — — 124,716,174 — 
Weighted-average common shares outstanding - diluted921,269,749 127,421,059 904,490,572 123,610,353 773,416,723 127,560,322 900,026,613 124,716,174 
Diluted EPS$0.03 $0.03 $0.21 $0.21 $(0.54)$(0.54)$0.38 $0.38 
The following potential common shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions that were not satisfied by the end of the period:
 Three Months Ended
June 30,
Six Months Ended
June 30,
2023202420232024
Time-Based RSUs21,854,966 903,985 54,800,356 1,861,749 
Market-Based RSUs22,130,926 16,137,131 22,707,254 16,137,131 
Stock options3,259,284 — 14,131,580 — 
Warrants14,278,034 14,278,034 14,278,034 14,278,034 
Employee Stock Purchase Plan ("ESPP")
— — 365,406 — 
Total anti-dilutive securities61,523,210 31,319,150 106,282,630 32,276,914