NET LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

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. The number of potential shares of common stock outstanding at period-end that were excluded from the computation of diluted net loss per share is as follows (in millions):


	Years Ended December 31,
	2019	2020	2021
Stock warrants	11	12	12
Contingently redeemable convertible preferred stock	343	504	—
Stock options	36	39	65
Restricted stock units	—	12	37
Total	390	567	114

Schedule of Earnings Per Share, Basic and Diluted

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


	Years Ended December 31,
	2019		2020		2021
Numerator
Net loss attributable to Rivian	$	(426)	$	(1,018)	$	(4,688)
Less: Premium on repurchase of convertible preferred stock	—		(1)		—
Net loss attributable to common stockholders, basic and diluted	$	(426)	$	(1,019)	$	(4,688)

Denominator
Weighted-average common shares outstanding - basic	98		101		204
Effect of dilutive securities	—		—		—
Weighted-average common shares outstanding - diluted	98		101		204

Net loss per share attributable to common stockholders, basic and diluted	$	(4.35)	$	(10.09)	$	(22.98)