Change in Accounting Principle (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Changes and Error Corrections [Abstract]

Schedule of comparative effect of the change in accounting method

The following table presents the comparative effect of the change in accounting method and its impact on the Company’s condensed consolidated statements of operations and comprehensive loss:

	Three Months Ended September 30, 2020				Nine Months Ended September 30, 2020
(in thousands, except for per share amounts)	As Reported		As Adjusted		As Reported		As Adjusted
Total net revenues	$	3,136,507	$	3,136,507	$	8,163,846	$	8,163,846
Cost of sales	2,669,479		2,669,552		6,826,847		6,826,861
Operating, general and administrative	684,893		683,192		1,728,585		1,722,077
Total operating cost and expenses	3,354,372		3,352,744		8,555,432		8,548,938
Operating loss	(217,865)		(216,237)		(391,586)		(385,092)
Loss before income taxes	(174,606)		(172,978)		(386,668)		(380,174)
Income tax expense	21		21		228		228
Net loss	(174,627)		(172,999)		(386,896)		(380,402)
Net loss attributable to Class A and Class B common stockholders	$	(174,627)	$	(172,999)	$	(479,630)	$	(473,136)
Net loss attributable to Class A and Class B common stockholders per share, basic and diluted(1)	$	(5.96)	$	(5.91)	$	(17.71)	$	(17.47)
Weighted-average number of Class A and Class B common shares outstanding used in computing per share amounts, basic and diluted(1)	29,284		29,284		27,085		27,085
Comprehensive loss	$	(177,547)	$	(175,919)	$	(391,428)	$	(384,934)

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(1)As reported net loss per share reflects the retrospective adjustments from the Corporate Conversion described in Note 14 — "Net Loss per Share."

The following table presents the comparative effect of the change in accounting method and its impact on the Company’s condensed consolidated balance sheets:

	As of December 31, 2020
(in thousands)	As Reported		As Adjusted
Stockholders'/members’ equity (deficit)
Common units	$	54,950	$	45,122
Additional paid-in capital	25,036		25,036
Accumulated other comprehensive income (loss)	(31,093)		(31,093)
Accumulated deficit	(4,117,755)		(4,107,927)
Total stockholders'/members’ equity (deficit)	$	(4,068,862)	$	(4,068,862)