v3.22.2
Net Income (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in millions, except share amounts which are reflected in thousands, and per share amounts):
Three Months Ended June 30,Six Months Ended June 30,
2021202220212022
Basic net income (loss) per share:
Numerator
Net income (loss) including non-controlling interests$1,112 $(2,616)$990 $(8,534)
Net loss attributable to non-controlling interests, net of tax(32)(15)(46)(4)
Net income (loss) attributable to common stockholders$1,144 $(2,601)$1,036 $(8,530)
Denominator
Basic weighted-average common stock outstanding1,875,156 1,964,304 1,866,830 1,957,127 
Basic net income (loss) per share attributable to common stockholders (1)
$0.61 $(1.32)$0.56 $(4.36)
Diluted net income (loss) per share:
Numerator
Net income (loss) attributable to common stockholders$1,144 $(2,601)$1,036 $(8,530)
Net loss attributable to Freight Holding convertible common shares non-controlling interest, net of tax(10)(12)(18)(39)
Cumulative dividends to Freight Holding convertible preferred shares non-controlling interest, net of tax3 — — — 
Interest expense, amortization of debt discount and issuance costs of 2025 Convertible Notes and Careem Notes3 — 5 — 
Diluted net income (loss) attributable to common stockholders$1,140 $(2,613)$1,023 $(8,569)
Denominator
     Number of shares used in basic net income (loss) per share computation1,875,156 1,964,304 1,866,830 1,957,127 
     Weighted-average effect of potentially dilutive securities:
Stock options17,785 — 18,808 — 
RSUs31,485 — 36,651 — 
Warrants87 — 88 — 
Common shares issued for ESPP160 — 192 — 
Assumed incremental shares to settle forward obligation for Freight Holding Series A unit holders1,900 — 2,281 — 
Assumed redemption of Freight Holding convertible common shares, non-controlling interest1,268 4,578 1,306 3,744 
Assumed redemption of Freight Holding preferred shares, non-controlling interest6,891 — — — 
2025 Convertible Notes14,226 — 14,226 — 
Careem Notes7,017 — 9,368 — 
     Diluted weighted-average common stock outstanding1,955,975 1,968,882 1,949,750 1,960,871 
Diluted net income (loss) per share attributable to common stockholders (1)
$0.58 $(1.33)$0.52 $(4.37)
(1) Per share amounts are calculated using unrounded numbers and therefore may not recalculate.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share The following potentially dilutive outstanding securities were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2021202220212022
Freight Holdings contingently redeemable preferred stock— 17,674 7,743 17,674 
Incremental shares to settle forward obligation— 2,149 — 2,149 
Convertible notes— 18,503 — 18,503 
RSUs18,594 111,637 17,230 111,637 
Stock options249 22,130 15 22,130 
Common stock subject to repurchase— 3,380 — 3,380 
Shares committed under ESPP2,719 6,886 2,296 6,886 
Warrants to purchase common stock— 73 — 73 
Total21,562 182,432 27,284 182,432