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Net Income per Share Attributable to Common Stockholders (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
			2023						2024						2023						2024
			(in millions, except share amounts, which are reflected in thousands, and per share amounts)
Numerator:
Net income			$	(1,999)					$	118					$	(1,757)					$	309
Less: Accretion related to Series A redeemable convertible preferred stock			—						(2)						—						(7)
Net income attributable to common stockholders, basic			$	(1,999)					$	116					$	(1,757)					$	302
Add: Accretion related to Series A redeemable convertible preferred stock			—						2						—						—
Net income attributable to common stockholders, diluted			$	(1,999)					$	118					$	(1,757)					$	302
Denominator:
Weighted-average shares used in computing basic net income per share attributable to common stockholders			95,836						259,660						80,180						266,550
Weighted-average effect of dilutive securities:
Series A redeemable convertible preferred stock			—						5,833						—						—
Stock options			—						5,629						—						8,054
Restricted stock units			—						9,881						—						11,097
Unvested restricted non-voting common stock			—						—						—						—
Weighted-average shares used in computing diluted net income per share attributable to common stockholders			95,836						281,003						80,180						285,701
Net income per share attributable to common stockholders:
Basic			$	(20.86)					$	0.45					$	(21.92)					$	1.13
Diluted			$	(20.86)					$	0.42					$	(21.92)					$	1.06

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 September 30,												Nine Months Ended September 30,
			2023						2024						2023						2024
			(in thousands)
Series A redeemable convertible preferred stock			5,833						—						5,833						5,833
Stock options			19,996						384						19,996						428
Restricted stock units			28,559						5,811						28,559						2,470
Unvested restricted non-voting common stock			375						74						375						74
Total			54,763						6,269						54,763						8,805

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 September 30,												Nine Months Ended September 30,
			2023						2024						2023						2024
			(in thousands)
Restricted stock units			2,158						1,319						2,158						1,319
Total			2,158						1,319						2,158						1,319

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- References

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- 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

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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

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