Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Summary of impact of changes to previously reported consolidated statement of cash flows

As a result of the error, the amounts previously reported as cash and cash equivalents have been reclassified to cash flows used in investing activities in the consolidated statement of cash flows for the nine months ended September 30, 2021 as follows (in thousands):

Nine months ended September 30, 2021

Previously

    

    

As

Reported

Adjustments

Reported

Cash flows from investing activities

 

  

  

 

  

Purchases of short-term investments

$

$

(770,000)

$

(770,000)

Proceeds from maturities of short-term investments

205,000

205,000

Net cash used in investing activities

(542,971)

(565,000)

(1,107,971)

Net decrease in cash and cash equivalents

(1,365,666)

(565,000)

(1,930,666)

Cash and cash equivalents at end of period

1,934,816

(565,000)

1,369,816

Schedule of reconciliation between basic and diluted EPS

A reconciliation between basic and diluted loss per share was as follows (in thousands, except share and per share data):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2022

    

2021

    

2022

    

2021

Net loss

$

(295,394)

$

(845,885)

$

(1,787,429)

$

(2,933,866)

Basic weighted-average shares outstanding

 

420,798,538

 

370,016,479

 

419,224,710

 

356,591,143

Dilutive effect of share awards

 

 

 

 

Diluted weighted-average shares outstanding

 

420,798,538

 

370,016,479

 

419,224,710

 

356,591,143

Basic loss per share

$

(0.70)

$

(2.29)

$

(4.26)

$

(8.23)

Diluted loss per share

$

(0.70)

$

(2.29)

$

(4.26)

$

(8.23)