XML 38 R23.htm IDEA: XBRL DOCUMENT
v3.24.0.1

NET LOSS PER SHARE | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
NET LOSS PER SHARE | NET LOSS PER SHARE Basic net loss per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. During the periods when there is a net loss, potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share as their effect is anti-dilutive. No dividends were declared or paid for the years ended December 31, 2023, 2022, or 2021. The Company uses the two-class method to calculate net loss per share and apply the more dilutive of the two-class method, treasury stock method or if-converted method to calculate diluted net loss per share. Undistributed earnings for each period are allocated to participating securities, based on the contractual participation rights of the security to share in the current earnings as if all current period earnings had been distributed. As there is no contractual obligation for participating securities to share in losses, the Company’s basic net loss per share is computed by dividing the net loss attributable to common shareholders by the weighted-average shares of common stock outstanding during periods with undistributed losses. The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common shareholders for the years ended December 31, 2023, 2022, and 2021 (in millions, except share amounts which are presented in thousands, and per share amounts):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Basic and diluted net loss per share: |  |  |  |  |
Numerator: |  |  |  |  |
Net loss | $ | (275) |  |  | $ | (1,353) |  |  | $ | (662) |
Denominator: |  |  |  |  |
Weighted average shares outstanding – basic and diluted | 657,111 |  |  | 627,105 |  |  | 592,574 |
Basic and diluted net loss per share | $ | (0.42) |  |  | $ | (2.16) |  |  | $ | (1.12) |
There were no preferred dividends declared or accumulated for the period. The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive, 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):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
RSUs | 60,896 |  |  | 54,547 |  |  | 53,446 |
Options | 7,820 |  |  | 10,712 |  |  | 14,546 |
Unvested Shares from Early Exercise | — |  |  | — |  |  | 4 |
Restricted Shares | — |  |  | — |  |  | 692 |
Employee Stock Purchase Plan | 1,992 |  |  | 1,867 |  |  | — |
Total anti-dilutive securities | 70,708 |  |  | 67,126 |  |  | 68,688 |

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 The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration