XML 41 R31.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Net Income per Share Attributable to Common Stockholders (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computation of basic and diluted net income per share attributable to common stockholders was as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2024						2023						2024
			(in millions, except share amounts, which are reflected in thousands, and per share amounts)
Numerator:
Net income			$	114					$	61					$	242					$	191
Less: Undistributed earnings attributable to preferred stockholders			(114)						—						(220)						—
Less: Accretion related to Series A redeemable convertible preferred stock			—						(3)						—						(5)
Net income attributable to common stockholders, basic			$	—					$	58					$	22					$	186
Add: Undistributed earnings reallocated to common stockholders			—						—						5						—
Net income attributable to common stockholders, diluted			$	—					$	58					$	27					$	186
Denominator:
Weighted-average shares used in computing basic net income per share attributable to common stockholders			72,266						265,542						72,222						270,012
Weighted-average effect of dilutive securities:
Stock options			—						6,890						23,576						9,266
Restricted stock units			—						13,824						—						11,705
Unvested restricted non-voting common stock			—						—						26						—
Non-voting common stock warrants			—						—						3,510						—
Weighted-average shares used in computing diluted net income per share attributable to common stockholders			72,266						286,256						99,334						290,983
															$	—
Net income per share attributable to common stockholders:
Basic			$	—					$	0.22					$	0.30					$	0.69
Diluted			$	—					$	0.20					$	0.27					$	0.64

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially dilutive outstanding securities were excluded from the computation of diluted income per share attributable to common stockholders because their effect was not dilutive:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2024						2023						2024
			(in thousands)
Redeemable convertible preferred stock			167,692						—						167,692						—
Series A redeemable convertible preferred stock			—						5,833						—						5,833
Stock options			29,910						450						450						450
Restricted stock units			—						240						—						799
Unvested restricted non-voting common stock			107						227						107						227
Non-voting common stock warrants			7,431						—						—						—
Total			205,140						6,750						168,249						7,309

The following potentially dilutive outstanding securities were excluded from the table above because they are subject to performance-based and / or market-based vesting conditions that were not achieved as of those dates:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2024						2023						2024
			(in thousands)
Restricted stock units			63,467						1,937						63,467						1,937
Unvested restricted non-voting common stock			450						—						450						—
Total			63,917						1,937						63,917						1,937

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration