Equity (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Common Stock, Reserved for Future Issuance

The Company reserved the following common stock for future issuance:


	June 30, 2024	December 31, 2023
Outstanding stock options, restricted stock units and performance stock units	98,273,896	99,016,409
Conversion of convertible notes(1)	22,841,631	49,610,631
Possible future issuance under stock plans	83,905,002	45,384,011
Outstanding common stock warrants(2)	—	12,170,990
Total common stock reserved for future issuance	205,020,529	206,182,041

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(1)Represents the number of common stock issuable upon conversion of all convertible notes at the conversion rate in effect at the balance sheet date. As of June 30, 2024, the 2026 convertible notes are potentially convertible into 22,841,631 shares of common stock, and there are no shares of common stock expected to be issued relating to the 2029 convertible notes, as there was no amount in excess of the expected cash redemption price which would require share settlement. See Note 9. Debt for additional information.

(2)All remaining unexercised common stock warrants expired in May 2024. As of June 30, 2024, the Company has no outstanding common stock warrants.

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents the rollforward of AOCI, inclusive of the changes in the components of other comprehensive income (loss):


	AFS Debt Securities		Foreign Currency Translation Adjustments		Total
Three Months Ended June 30, 2024
AOCI, beginning balance	$	(2,901)	$	813	$	(2,088)
Other comprehensive income (loss) before reclassifications	741		(136)		605
Amounts reclassified from AOCI into earnings	—		—		—
Net current-period other comprehensive income (loss)(1)(2)	741		(136)		605
AOCI, ending balance	$	(2,160)	$	677	$	(1,483)
Three Months Ended June 30, 2023
AOCI, beginning balance	$	(6,363)	$	22	$	(6,341)
Other comprehensive income before reclassifications	830		392		1,222

Net current-period other comprehensive income(1)(2)	830		392		1,222
AOCI, ending balance	$	(5,533)	$	414	$	(5,119)
Six Months Ended June 30, 2024
AOCI, beginning balance	$	(2,201)	$	992	$	(1,209)
Other comprehensive income (loss) before reclassifications(1)	41		(315)		(274)
Amounts reclassified from AOCI into earnings	—		—		—
Net current-period other comprehensive income (loss)(2)	41		(315)		(274)
AOCI, ending balance	$	(2,160)	$	677	$	(1,483)
Six Months Ended June 30, 2023
AOCI, beginning balance	$	(8,611)	$	315	$	(8,296)
Other comprehensive income before reclassifications(1)	2,906		99		3,005
Amounts reclassified from AOCI into earnings	172		—		172
Net current-period other comprehensive income(2)	3,078		99		3,177
AOCI, ending balance	$	(5,533)	$	414	$	(5,119)

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(1)Gross realized gains and losses from sales of our investments in AFS debt securities that were reclassified from AOCI to earnings are recorded within noninterest income—other in the condensed consolidated statements of operations and comprehensive income (loss). There were no reclassifications related to foreign currency translation adjustments during the three and six months ended June 30, 2024 and 2023.

(2)There were no material tax impacts during any of the periods presented due to reserves against deferred tax assets in jurisdictions where other comprehensive loss activity was generated.