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Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2021

Marketwise, LLC

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

Schedule of Earnings Per Unit, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per unit:

									Three Months Ended June 30, 2021
									Class A Units						Class B Units
Numerator
Distributed earnings									$	1,181					$	456
Undeclared and undistributed earnings:
Net loss			$	(7,895)
Minus: Distributions to Class A unitholders			1,181
Undeclared and undistributed loss			(9,076)
Undeclared and undistributed (loss) earnings by unit class									(9,076)						—
Total (loss) earnings by unit class									$	(7,895)					$	456
Denominator
Weighted average units used in computing earnings per unit, basic and diluted									528,519						526,580
Earnings per unit class:
Distributed earnings									$	2.23					$	0.87
Undistributed loss									(17.17)						—
Total									$	(14.94)					$	0.87

									Three Months Ended June 30, 2020
									Class A Units						Class B Units
Numerator
Distributed earnings									$	8,378					$	5,757
Undeclared and undistributed earnings:
Net income			$	(80,045)
Minus: Distributions to Class A unitholders			8,378
Undeclared and undistributed earnings			(88,423)
Undeclared and undistributed earnings by unit class									(88,423)						—
Total earnings by unit class									$	(80,045)					$	5,757
Denominator
Weighted average units used in computing earnings per unit, basic and diluted									547,466						496,732
Earnings per unit class:
Distributed earnings									$	15.30					$	11.59
Undistributed earnings									(161.51)						—
Total									$	(146.21)					$	11.59

									Six Months Ended June 30, 2021
									Class A Units						Class B Units
Numerator
Distributed earnings									$	15,098					$	6,107
Undeclared and undistributed earnings:
Net loss			$	(622,348)
Minus: Distributions to Class A unitholders			15,098
Undeclared and undistributed loss			(637,446)
Undeclared and undistributed (loss) earnings by unit class									(637,446)						—
Total (loss) earnings by unit class									$	(622,348)					$	6,107
Denominator
Weighted average units used in computing earnings per unit, basic and diluted									528,519						526,580
Earnings per unit class:
Distributed earnings									$	28.57					$	11.60
Undistributed loss									(1,206.10)						—
Total									$	(1,177.53)					$	11.60

									Six Months Ended June 30, 2020
									Class A Units						Class B Units
Numerator
Distributed earnings									$	66,145					$	38,070
Undeclared and undistributed earnings:
Net loss			$	(96,546)
Minus: Distributions to Class A unitholders			66,145
Undeclared and undistributed loss			(162,691)
Undeclared and undistributed (loss) earnings by unit class									(162,691)						—
Total (loss) earnings by unit class									$	(96,546)					$	38,070
Denominator
Weighted average units used in computing earnings per unit, basic and diluted									548,596						495,201
Earnings per unit class:
Distributed earnings									$	120.57					$	76.88
Undistributed loss									(296.56)						—
Total									$	(175.99)					$	76.88

The following table sets forth the computation of basic and diluted earnings per unit:

									Year ended December 31, 2020
									Class A Units						Class B Units
Numerator
Distributed earnings									$	101,767					$	78,398
Undeclared and undistributed earnings:
Net loss			$	(538,373)
Minus: Distributions to Class A unitholders			101,767
Undeclared and undistributed loss			(640,140)
Undeclared and undistributed (loss) earnings by unit class									(640,140)						—
Total (loss) earnings by unit class									$	(538,373)					$	78,398
Denominator
Weighted average units used in computing earnings per unit, basic and diluted									548,028						495,971
Earnings per unit class:
Distributed earnings									$	185.70					$	158.07
Undistributed loss									(1,168.08)						—
Total									$	(982.38)					$	158.07

									Year ended December 31, 2019
									Class A Units						Class B Units
Numerator
Distributed earnings									$	20,471					$	14,831
Undeclared and undistributed earnings:
Net income			$	27,957
Minus: Distributions to Class A unitholders			20,471
Undeclared and undistributed earnings			7,486
Undeclared and undistributed earnings by unit class									4,348						3,138
Total earnings by unit class									$	24,819					$	17,969
Denominator
Weighted average units used in computing earnings per unit, basic and diluted									594,327						416,369
Earnings per unit class:
Distributed earnings									$	34.44					$	35.62
Undistributed earnings									7.36						7.48
Total									$	41.80					$	43.10

									Year ended December 31, 2018
									Class A Units						Class B Units
Numerator
Distributed earnings									$	22,017					$	17,135
Undeclared and undistributed earnings:
Net income			$	18,601
Minus: Distributions to Class A unitholders			22,017
Undeclared and undistributed loss			(3,416)
Undeclared and undistributed loss by unit class									(3,416)						—
Total earnings by unit class									$	18,601					$	17,135
Denominator
Weighted average units used in computing earnings per unit, basic and diluted									611,547						395,000
Earnings per unit class:
Distributed earnings									$	36.00					$	43.38
Undistributed loss									(5.59)						—
Total									$	30.42					$	43.38

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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