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

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Summary Of Financial Assets Measured At Fair Value On A Recurring Bases

The following table summarizes the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring bases as of June 30, 2021 and December 31, 2020:


	As of June 30, 2021
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	783,108	$	—	$	—	$	783,108

Total cash equivalents	$	783,108	$	—	$	—	$	783,108


	As of December 31, 2020
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	387,464	$	—	$	—	$	387,464

Total cash equivalents	$	387,464	$	—	$	—	$	387,464

The following table summarizes the Company’s fair value hierarchy for its financial assets measured at fair value on a recurring bases as of December 31, 2020 and 2019:


	As of December 31, 2020
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	387,464	$	—	$	—	$	387,464
U.S. government securities		—		—		—		—

Total cash equivalents	$	387,464	$	—	$	—	$	387,464


	As of December 31, 2019
	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	196,519	$	—	$	—	$	196,519
U.S. government securities		—		50,002		—		50,002

Total cash equivalents	$	196,519	$	50,002	$	—	$	246,521

Short-term investments:
U.S. government securities		—		349,958		—		349,958

Total short-term investments	$	—	$	349,958	$	—	$	349,958

Reinvent Technology Partners Y [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Summary of assets that are measured at fair value on a recurring basis


Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account – U.S. Treasury Securities Money Market Fund	$	977,543,775	$	—	$	—
Liabilities:
Derivative warrant liabilities – public warrants	$	22,008,700	$	—	$	—
Derivative warrant liabilities – private warrants	$	—	$	—	$	16,905,970

Summary of fair value measurement inputs and valuation techniques

he following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:


	As of June 30, 2021
Stock price	$	9.89
Volatility		22.8	%
Expected life of the options to convert		6.21
Risk-free rate		1.07	%
Dividend yield		—

Summary of fair value of the derivative warrant liabilities

The change in the fair value of the Level 3 derivative warrant liabilities for three months ended June 30, 2021 is summarized as follows:


	Public Warrants			Private Warrants		Total
Derivative warrant liabilities at December 31, 2020	$	—		$	—	$	—
Issuance of derivative warrant liabilities		19,769,110			15,391,590		35,160,700
Transfer of Public Warrants to Level 1		(22,008,700	)		—		(22,008,700	)
Change in fair value of derivative warrant liabilities		2,239,590			1,514,380		3,753,970

Derivative warrant liabilities at June 30, 2021	$	—		$	16,905,970	$	16,905,970

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details