v3.19.3
Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
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 three and nine months ended September 30, 2019 and 2018:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(in thousands, except per share data)

 

 

 

Class A

Common

 

 

Class B

Common

 

 

Class C

Common

 

 

Class A

Common

 

 

Class B

Common

 

 

Class C

Common

 

 

Class A

Common

 

 

Class B

Common

 

 

Class C

Common

 

 

Class A

Common(3)

 

 

Class B

Common(1)

 

 

Class C

Common(2)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(181,409

)

 

$

(6,308

)

 

$

(39,658

)

 

$

(240,299

)

 

$

(23,423

)

 

$

(61,426

)

 

$

(622,641

)

 

$

(28,223

)

 

$

(142,092

)

 

$

(777,184

)

 

$

(79,652

)

 

$

(207,407

)

Net loss attributable to common stockholders

 

$

(181,409

)

 

$

(6,308

)

 

$

(39,658

)

 

$

(240,299

)

 

$

(23,423

)

 

$

(61,426

)

 

$

(622,641

)

 

$

(28,223

)

 

$

(142,092

)

 

$

(777,184

)

 

$

(79,652

)

 

$

(207,407

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares – Basic

 

 

1,111,678

 

 

 

38,658

 

 

 

243,022

 

 

 

968,090

 

 

 

94,364

 

 

 

247,464

 

 

 

1,071,290

 

 

 

48,559

 

 

 

244,478

 

 

 

932,767

 

 

 

95,598

 

 

 

248,928

 

Diluted shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares – Diluted

 

 

1,111,678

 

 

 

38,658

 

 

 

243,022

 

 

 

968,090

 

 

 

94,364

 

 

 

247,464

 

 

 

1,071,290

 

 

 

48,559

 

 

 

244,478

 

 

 

932,767

 

 

 

95,598

 

 

 

248,928

 

Net loss per share attributable to common stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.16

)

 

$

(0.16

)

 

$

(0.16

)

 

$

(0.25

)

 

$

(0.25

)

 

$

(0.25

)

 

$

(0.58

)

 

$

(0.58

)

 

$

(0.58

)

 

$

(0.83

)

 

$

(0.83

)

 

$

(0.83

)

Diluted

 

$

(0.16

)

 

$

(0.16

)

 

$

(0.16

)

 

$

(0.25

)

 

$

(0.25

)

 

$

(0.25

)

 

$

(0.58

)

 

$

(0.58

)

 

$

(0.58

)

 

$

(0.83

)

 

$

(0.83

)

 

$

(0.83

)

 

 

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:

 

 

 

Three and Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Stock options

 

 

10,892

 

 

 

16,999

 

Unvested RSUs and RSAs

 

 

159,990

 

 

 

141,179

 

Convertible Notes (if-converted)

 

 

55,468