Aurora Innovation, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Earnings Per Share

Earnings Per Share

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

(13)	Earnings Per Share

Series Seed 1 preferred stock, Series Seed 2 preferred stock, Series A preferred stock, Series B preferred stock, Series

B-1

preferred stock, Series

U-1,

Series

U-2,

unvested Restricted Stock Awards (“RSA”), unvested early exercised stock options, and unvested RSUs are participating securities in periods of income as the securities participate in undistributed earnings. The securities do not share in losses.

The Company computes earnings per share of common stock using the

two-class

method required for participating securities and does not apply the

two-class

method in periods of net loss.

Basic earnings per share is computed using the

two-class

method required for participating securities but is not applied in fiscal periods with a net loss. The computation of basic and diluted earnings per share is the same as the inclusion of all potential common stock would have been anti-dilutive in a period of net loss.


	Six months ended June 30,
	2021			2020
Numerator:
Net Loss	$	(370,431	)	$	(87,069	)
Net loss per share:
Basic	$	(1.57	)	$	(0.71	)
Diluted	$	(1.57	)	$	(0.71	)
Denominator:
Weighted average common shares outstanding - Basic		236,133,823			123,200,467
Weighted average common shares outstanding - Diluted		236,133,823			123,200,467

The following table presents the potential common stock outstanding excluded from the computation of diluted loss per share because including them would have had an antidilutive effect:


	June 30,
	2021		2020
Series Seed 1 Preferred Stock		20,177,530		20,177,530
Series Seed 2 Preferred Stock		9,653,930		9,653,930
Series A Preferred Stock		29,948,750		29,948,750
Series B Preferred Stock		71,389,540		71,447,160
Series B-1 Preferred Stock		2,557,518		2,557,518
Series U-1 Preferred Stock		50,873,075		—
Series U-2 Preferred Stock		20,349,230		—
Stock Options		41,445,927		38,646,734
Restricted Stock Awards		549,621		3,248,070
Restricted Stock Units		16,413,092		—
Grants available under the 2017 Equity Incentive Plan		9,175,894		4,323,502

Total		272,534,107		180,003,194

(13)	Earnings Per Share

Series Seed 1 preferred stock, Series Seed 2 preferred stock, Series A preferred stock, Series B preferred stock, Series

B-1

preferred stock, unvested Restricted Stock Awards (“RSA”), and unvested early exercised stock options are participating securities in periods of income as the securities participate in undistributed earnings. The securities do not share in losses.

The Company computes earnings per share of common stock using the

two-class

method required for participating securities and does not apply the

two-class

method in periods of net loss.

Basic earnings per share is computed using the

two-class


	2020			2019
Numerator:
Net Loss	$	(214,449	)	$	(94,078	)
Net loss per share:
Basic	$	(1.72	)	$	(0.89	)
Diluted	$	(1.72	)	$	(0.89	)
Denominator:
Weighted average common shares outstanding - Basic		124,743,865			117,188,874
Weighted average common shares outstanding - Diluted		124,743,865			117,188,874

The following table presents the potential common stock outstanding excluded from the computation of diluted loss per share because including them would have had an antidilutive effect:


	2020		2019
Seed 1 Convertible Preferred Stock		20,177,530		20,177,530
Seed 2 Convertible Preferred Stock		9,653,930		9,653,930
Series A Convertible Preferred Stock		29,948,750		29,948,750
Series B Convertible Preferred Stock		71,389,540		71,447,160
Series B-1 Convertible Preferred Stock		2,557,518		2,557,518
Options		40,746,487		41,466,260
Restricted Stock		1,097,717		5,371,706

Total		175,571,472		180,622,854