Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Basic and Diluted 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,
	2022		2023		2022		2023
Basic net income (loss) per share:
Numerator
Net income (loss) including non-controlling interests	$	(1,204)	$	219	$	(9,738)	$	456
Net income (loss) attributable to non-controlling interests, net of tax	2		(2)		(2)		(2)
Net income (loss) attributable to common stockholders	$	(1,206)	$	221	$	(9,736)	$	458
Denominator
Basic weighted-average common stock outstanding	1,979,299		2,044,688		1,964,483		2,027,148
Basic net income (loss) per share attributable to common stockholders (1)	$	(0.61)	$	0.11	$	(4.96)	$	0.23
Diluted net income (loss) per share:
Numerator
Net income (loss) attributable to common stockholders	$	(1,206)	$	221	$	(9,736)	$	458
Net loss attributable to Freight Holding convertible common shares non-controlling interest, net of tax	—		(14)		(49)		(42)

Interest expense, amortization of debt discount and issuance costs of 2025 Convertible Notes and Careem Notes	—		1		—		2
Diluted net income (loss) attributable to common stockholders	$	(1,206)	$	208	$	(9,785)	$	418
Denominator
Number of shares used in basic net income (loss) per share computation	1,979,299		2,044,688		1,964,483		2,027,148
Weighted-average effect of potentially dilutive securities:
Stock options	—		10,056		—		10,262
RSUs	—		33,901		—		21,612
Assumed common shares issued from outstanding RSAs	—		189		—		104
Warrants	—		73		—		73
Common shares issued for ESPP	—		377		—		622

Assumed redemption of Freight Holding convertible common shares, non-controlling interest	—		2,648		3,745		4,318

2025 Convertible Notes	—		14,226		—		14,226
Careem Notes	—		2,321		—		2,321
Diluted weighted-average common stock outstanding	1,979,299		2,108,479		1,968,228		2,080,686
Diluted net income (loss) per share attributable to common stockholders (1)	$	(0.61)	$	0.10	$	(4.97)	$	0.20

(1) Per share amounts are calculated using unrounded numbers and therefore may not recalculate.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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,
	2022	2023	2022	2023
Freight Holding contingently redeemable preferred stock	25,914	17,511	25,914	17,511

RSUs	107,191	6,681	107,191	6,681
Stock options	21,126	614	21,126	546
Common stock subject to repurchase	2,993	—	2,993	—
Shares committed under ESPP	5,617	1,247	5,617	1,247
Warrants to purchase common stock	73	—	73	—
Convertible notes	18,503	—	18,503	—
Total	181,417	26,053	181,417	25,985