| Numerators and Denominators of Basic and Diluted Net Loss per Share Computations for Common Stock |
The numerators and denominators of the basic and diluted net loss per share computations for our common stock are calculated as follows for the years ended December 31, 2018, 2017, and 2016:
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Year Ended December 31, |
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2016 |
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2017 |
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2018 |
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(in thousands, except per share data) |
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Class A
Common |
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Class B
Common(1) |
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Class C
Common(2) |
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Class A
Common(3) |
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Class B
Common(1) |
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Class C
Common(2) |
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Class A
Common |
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Class B
Common |
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Class C
Common |
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Numerator: |
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Net loss |
|
$ |
(311,523 |
) |
|
$ |
(65,174 |
) |
|
$ |
(137,946 |
) |
|
$ |
(2,169,120 |
) |
|
$ |
(548,098 |
) |
|
$ |
(727,848 |
) |
|
$ |
(921,235 |
) |
|
$ |
(94,897 |
) |
|
$ |
(239,779 |
) |
|
Net loss attributable to common
stockholders |
|
$ |
(311,523 |
) |
|
$ |
(65,174 |
) |
|
$ |
(137,946 |
) |
|
$ |
(2,169,120 |
) |
|
$ |
(548,098 |
) |
|
$ |
(727,848 |
) |
|
$ |
(921,235 |
) |
|
$ |
(94,897 |
) |
|
$ |
(239,779 |
) |
|
Denominator: |
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Basic shares: |
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Weighted-average common
shares - Basic |
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489,019 |
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|
102,309 |
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|
216,543 |
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|
734,203 |
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185,520 |
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246,362 |
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|
953,992 |
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|
98,271 |
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|
248,305 |
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Diluted shares: |
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Weighted-average common
shares - Diluted |
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489,019 |
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|
102,309 |
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|
216,543 |
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|
734,203 |
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185,520 |
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|
246,362 |
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|
953,992 |
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|
98,271 |
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|
248,305 |
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Net loss per share attributable to
common stockholders: |
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Basic |
|
$ |
(0.64 |
) |
|
$ |
(0.64 |
) |
|
$ |
(0.64 |
) |
|
$ |
(2.95 |
) |
|
$ |
(2.95 |
) |
|
$ |
(2.95 |
) |
|
$ |
(0.97 |
) |
|
$ |
(0.97 |
) |
|
$ |
(0.97 |
) |
|
Diluted |
|
$ |
(0.64 |
) |
|
$ |
(0.64 |
) |
|
$ |
(0.64 |
) |
|
$ |
(2.95 |
) |
|
$ |
(2.95 |
) |
|
$ |
(2.95 |
) |
|
$ |
(0.97 |
) |
|
$ |
(0.97 |
) |
|
$ |
(0.97 |
) |
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(1) |
Included in the Class B common stock, for all periods presented, is Series D, E, and F preferred stock, which automatically converted to Class B common stock on the closing of the IPO. Series A, A-1, B, and C preferred stock are included in Class B common stock on the automatic conversion of such shares to 163.0 million shares of Class B common stock on the closing of our IPO. |
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(2) |
Included in the Class C common stock, for all periods presented, is Series FP preferred stock which automatically converted to Class C common stock on the closing of the IPO. Additionally, 37.4 million shares of Class C common stock related to the CEO award are included in Class C common stock on the closing of our IPO. |
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(3) |
Class A common stock includes the issuance of 160.3 million shares of Class A common stock issued by us in connection with our IPO. |
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| Schedule of Potentially Dilutive Shares Excluded from Calculation of Diluted Net Loss per Share |
The following potentially dilutive shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:
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Year Ended December 31, |
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2016 |
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2017 |
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2018 |
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(in thousands) |
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Convertible voting preferred stock, Series A, A-1, and B |
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146,962 |
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— |
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— |
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Convertible non-voting preferred stock, Series C |
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16,000 |
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— |
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— |
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Stock options |
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|
44,904 |
|
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|
32,596 |
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|
16,291 |
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Unvested RSUs and RSAs not subject to a performance condition |
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|
150 |
|
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|
163,796 |
|
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|
158,264 |
|
|
Shares subject to repurchase |
|
|
185 |
|
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|
— |
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— |
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