v3.19.3

Net Income (Loss) Per Share | 9 Months Ended
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Sep. 30, 2019
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Note 13 - 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 September 30, |  | Nine Months Ended September 30,
|  | 2018 |  | 2019 |  | 2018 |  | 2019
Basic net income (loss) per share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net income (loss) including non-controlling interests |  | $ | (994 | ) |  | $ | (1,159 | ) |  | $ | 1,876 |  |  | $ | (7,421 | )
Less: net income (loss) attributable to non-controlling interests, net of tax |  | 8 |  |  | (3 | ) |  | 8 |  |  | 11 |
Less: noncumulative dividends to preferred stockholders |  | — |  |  | — |  |  | (1,091 | ) |  | — |
Less: undistributed earnings to participating securities |  | — |  |  | — |  |  | (533 | ) |  | — |
Net income (loss) attributable to common stockholders |  | $ | (986 | ) |  | $ | (1,162 | ) |  | $ | 260 |  |  | $ | (7,410 | )
Denominator |  |  |  |  |  |  |  |
Basic weighted-average common stock outstanding |  | 445,783 |  |  | 1,700,213 |  |  | 441,301 |  |  | 1,092,241 |
Basic net income (loss) per share attributable to common stockholders (1) |  | $ | (2.21 | ) |  | $ | (0.68 | ) |  | $ | 0.59 |  |  | $ | (6.79 | )
Diluted net income (loss) per share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders |  | $ | (986 | ) |  | $ | (1,162 | ) |  | $ | 260 |  |  | $ | (7,410 | )
Add: Change in fair value of MLU B.V. put/call feature |  | — |  |  | — |  |  | (10 | ) |  | — |
Diluted net income (loss) attributable to common stockholders |  | $ | (986 | ) |  | $ | (1,162 | ) |  | $ | 250 |  |  | $ | (7,410 | )
Denominator |  |  |  |  |  |  |  |
Number of shares used in basic net income (loss) per share computation |  | 445,783 |  |  | 1,700,213 |  |  | 441,301 |  |  | 1,092,241 |
Weighted-average effect of potentially dilutive securities: |  |  |  |  |  |  |  |
Common stock subject to a put/call feature |  | — |  |  | — |  |  | 462 |  |  | — |
Stock options |  | — |  |  | — |  |  | 34,165 |  |  | — |
RSUs to settle fixed monetary awards |  | — |  |  | — |  |  | 1,215 |  |  | — |
Other |  | — |  |  | — |  |  | 449 |  |  | — |
Diluted weighted-average common stock outstanding |  | 445,783 |  |  | 1,700,213 |  |  | 477,592 |  |  | 1,092,241 |
Diluted net income (loss) per share attributable to common stockholders (1) |  | $ | (2.21 | ) |  | $ | (0.68 | ) |  | $ | 0.52 |  |  | $ | (6.79 | )
(1) Per share amounts are calculated using unrounded numbers and therefore may not recalculate. On May 14, 2019, the Company completed its IPO, in which it issued and sold 180 million shares of its common stock at a price of $45.00 per share. On that date, all of the Company’s outstanding redeemable convertible preferred stock automatically converted into 905 million shares of common stock, and the holders of the 2021 Convertible Notes and the 2022 Convertible Notes elected to convert the outstanding notes into common stock, resulting in the issuance of 94 million shares of common stock. These shares were included in the Company’s issued and outstanding common stock starting on that date. Refer to Note 1 - Basis of Presentation and Summary of Significant Accounting Policies for further information. 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 September 30, |  | Nine Months Ended September 30,
|  | 2018 |  | 2019 |  | 2018 |  | 2019
Redeemable convertible preferred stock |  | 893,354 |  |  | — |  |  | 893,354 |  |  | — |
Convertible notes |  | 200,595 |  |  | — |  |  | 200,595 |  |  | — |
Stock options |  | 43,240 |  |  | 40,532 |  |  | 8,690 |  |  | 40,532 |
Restricted common stock with performance condition |  | 1,640 |  |  | — |  |  | 1,640 |  |  | — |
Common stock subject to repurchase |  | 7,340 |  |  | 827 |  |  | 7,196 |  |  | 828 |
Warrants to purchase redeemable convertible preferred stock |  | 1,073 |  |  | — |  |  | 1,073 |  |  | — |
SARs |  | 712 |  |  | — |  |  | 712 |  |  | — |
RSUs to settle fixed monetary awards |  | 1,256 |  |  | 325 |  |  | 582 |  |  | 325 |
RSUs |  | 123,927 |  |  | 91,284 |  |  | 122,763 |  |  | 91,284 |
Shares committed under ESPP |  | — |  |  | 5,012 |  |  | — |  |  | 5,012 |
Shares in escrow |  | 459 |  |  | — |  |  | — |  |  | — |
Warrants to purchase common stock |  | 242 |  |  | 187 |  |  | 127 |  |  | 187 |
Total |  | 1,273,838 |  |  | 138,167 |  |  | 1,236,732 |  |  | 138,168 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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