NET LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential shares of common stock are excluded from the computation of diluted net loss per share if their effect

would have been anti-dilutive for the periods presented or if the issuance of shares is contingent upon events that did not occur by the end of the period, in the case of stock options with a market condition and other stock-based awards. The number of potential shares of common stock outstanding during each period that were excluded from the computation of diluted net loss per share is as follows (in millions):


	Years Ended December 31,
	2020	2021	2022
Stock warrants	12	12	12
Contingently redeemable convertible preferred stock	504	—	—
Stock options	39	65	61
RSUs, ESPP, and other stock-based awards	12	37	48
Total	567	114	121

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share is as follows (in millions, except per share data):


	Years Ended December 31,
	2020		2021		2022
Numerator
Net loss attributable to Rivian	$	(1,018)	$	(4,688)	$	(6,752)
Less: Premium on repurchase of convertible preferred stock	(1)		—		—
Net loss attributable to common stockholders, basic and diluted	$	(1,019)	$	(4,688)	$	(6,752)

Denominator
Weighted-average Class A and Class B common shares outstanding - basic	101		204		913
Effect of dilutive securities	—		—		—
Weighted-average Class A and Class B common shares outstanding - diluted	101		204		913

Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(10.09)	$	(22.98)	$	(7.40)