Table of Contents Year Ended December 31, Six Months Ended June 30, (Amounts in thousands, except share and per share data) 2016 2017 2018 2018 2019 Diluted $ (2.66) $ (5.54) $ (9.87) $ (3.87) $ (4.15) Weighted-average shares used to compute net loss per share attributable to Class A and Class B common stockholders, basic and diluted 161,324,940 159,689,116 163,148,918 162,482,366 166,301,575 Pro forma net loss per share attributable to Class A and Class B common (3) stockholders: Basic $ (4.41) $ (3.20) Diluted $ (4.41) $ (3.20) Weighted-average shares used to compute pro forma net loss per share attributable to Class A and Class B common stockholders, basic and diluted 338,368,587 365,154,863 (1) Exclusive of depreciation and amortization shown separately on the depreciation and amortization line. (2) Includes stock-based compensation expense of $17.4 million, $260.7 million and $18.0 million for the years ended December 31, 2016, 2017 and 2018, respectively, and includes stock-based compensation expense of $10.5 million and $111.2 million for the six months ended June 30, 2018 and 2019, respectively. (3) See Note 22 to the audited annual consolidated financial statements and Note 24 to the unaudited interim condensed consolidated financial statements, each included elsewhere in this prospectus, for a description of how we compute basic and diluted net loss per share attributable to Class A and Class B common stockholders and pro forma basic and diluted net loss per share attributable to Class A and Class B common stockholders. Historical share and per share information does not give effect to the consummation of the stock split to be effected on the closing date of this offering. Pro forma share and per share information gives effect to the consummation of the stock split to be effected on the closing date of this offering pursuant to which each share of our capital stock will be reclassified into shares. As of June 30, 2019 Pro forma as (1) (2) (Amounts in thousands) Actual Pro forma adjusted Consolidated balance sheet information: Cash and cash equivalents $ 2,473,070 $ $ Total current assets 3,032,323 Property and equipment, net 6,729,427 Total assets 27,047,235 Total liabilities 24,641,746 Total convertible preferred stock included as temporary equity 3,591,086 Total redeemable noncontrolling interests included as temporary equity 1,113,807 Total equity (deficit) (2,299,404) (1) The pro forma balance sheet information in this table gives effect to the IPO-related security conversions, the conversion of the 2018 convertible note and the exercise of the 2018 warrant. The pro forma balance sheet information in this table also gives effect to stock-based compensation expense of approximately $55.3 million associated with the portion of restricted stock units and stock options for which the service period had been rendered as of June 30, 2019 but for which vesting is also contingent upon our initial public offering. This pro forma adjustment related to stock-based compensation expense of approximately $55.3 million has been reflected as an increase in additional paid-in capital and accumulated deficit. See Note 2 to the unaudited interim condensed consolidated financial statements included elsewhere in this prospectus. (2) The pro forma as adjusted balance sheet information in this table gives effect to the transactions described in note (1) above as well as the issuance by us of shares of Class A common stock in this offering at an assumed initial public offering price of $ per share, the midpoint of the price range set forth on the cover page of this prospectus. 22