Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 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 from investing activities in the Consolidated Statement of Cash Flows for the three months ended March 31, 2021 as follows (in thousands):

Three months ended March 31, 2021

Previously

    

    

As

Reported

Adjustments

Reported

Cash flows from investing activities

 

  

  

 

  

Purchases of short-term investments

$

$

(205,000)

$

(205,000)

Net cash used in investing activities

(138,266)

(205,000)

(343,266)

Net increase (decrease) in cash and cash equivalents

207,551

(205,000)

2,551

Cash and cash equivalents at end of period

3,508,033

(205,000)

3,303,033

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

March 31, 

    

2022

    

2021

Net loss

$

(982,714)

$

(1,370,192)

Basic weighted-average shares outstanding

 

417,734,591

 

329,377,207

Dilutive effect of share awards

 

 

Diluted weighted-average shares outstanding

 

417,734,591

 

329,377,207

Basic loss per share

$

(2.35)

$

(4.16)

Diluted loss per share

$

(2.35)

$

(4.16)