10-Q Filing

PERMIAN RESOURCES CORP CIK: 1658566 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001658566-21-000060`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	cdev-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 44 Cash Flow Statement 70 Stockholders Equity 17

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	620.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	620.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.94M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$54.56M	USD	Point-in-time
Accounts receivable, net	`AccountsAndOtherReceivablesNetCurrent`	$70.57M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.23M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$87.01M	USD	Point-in-time
Unproved properties	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$1.19B	USD	Point-in-time
Unproved properties	`UnprovedOilAndGasPropertySuccessfulEffortMethod`	$1.21B	USD	Point-in-time
Proved properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$4.48B	USD	Point-in-time
Proved properties	`ProvedOilAndGasPropertySuccessfulEffortMethod`	$4.40B	USD	Point-in-time
Accumulated depreciation, depletion and amortization	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$1.94B	USD	Point-in-time
Accumulated depreciation, depletion and amortization	`OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization`	$1.88B	USD	Point-in-time
Total oil and natural gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$3.73B	USD	Point-in-time
Total oil and natural gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$3.73B	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.16M	USD	Point-in-time
Other property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.65M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantandEquipmentandOilandGasPropertySuccessfulEffortsMethodNet`	$3.74B	USD	Point-in-time
Total property and equipment, net	`PropertyPlantandEquipmentandOilandGasPropertySuccessfulEffortsMethodNet`	$3.74B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.38M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$3.18M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$19.17M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$18.76M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.85B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.83B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$110.44M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$144.96M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$3.15M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$46.54M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$131.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$194.19M	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$1.06B	USD	Point-in-time
Long-term debt, net	`LongTermDebt`	$1.07B	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$17.01M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$17.16M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.59M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.59M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$422.00K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Other Liabilities, Noncurrent	`OtherLiabilitiesNoncurrent`	$11.73M	USD	Point-in-time
Other Liabilities, Noncurrent	`OtherLiabilitiesNoncurrent`	$2.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29B	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.00B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.99B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-400.50M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-435.15M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.56B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.60B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.27B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.73B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.56B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.83B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.85B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Oil and gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$192.39M	USD	1 Quarter
Oil and gas sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$192.77M	USD	1 Quarter
Lease operating expenses	`OilAndGasProducingActivitiesLeaseOperatingExpense`	$32.64M	USD	1 Quarter
Lease operating expenses	`OilAndGasProducingActivitiesLeaseOperatingExpense`	$25.86M	USD	1 Quarter
Severance and ad valorem taxes	`ProductionTaxExpense`	$16.57M	USD	1 Quarter
Severance and ad valorem taxes	`ProductionTaxExpense`	$12.58M	USD	1 Quarter
Gathering, processing and transportation expenses	`OilAndGasProducingActivitiesTransportationCosts`	$16.94M	USD	1 Quarter
Gathering, processing and transportation expenses	`OilAndGasProducingActivitiesTransportationCosts`	$20.62M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$101.26M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$63.78M	USD	1 Quarter
Impairment and abandonment expense	`ImpairmentOfOilAndGasProperties`	$611.30M	USD	1 Quarter
Impairment and abandonment expense	`ImpairmentOfOilAndGasProperties`	$9.20M	USD	1 Quarter
Exploration and other expenses	`ExplorationExpense`	$4.01M	USD	1 Quarter
Exploration and other expenses	`ExplorationExpense`	$1.09M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$18.87M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$25.26M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$801.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$158.40M	USD	1 Quarter
Net gain (loss) on sale of long-lived assets	`GainLossOnSaleOfPropertyPlantEquipment`	$245.00K	USD	1 Quarter
Net gain (loss) on sale of long-lived assets	`GainLossOnSaleOfPropertyPlantEquipment`	$44.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$34.03M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-608.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$17.48M	USD	1 Quarter
Net gain (loss) on derivative instruments	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-8.51M	USD	1 Quarter
Net gain (loss) on derivative instruments	`DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet`	$-51.20M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-53.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$7.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-24.98M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-68.68M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-633.55M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-34.65M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-83.21M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-34.65M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-550.35M	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.36M	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income (loss) attributable to Class A Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-547.98M	USD	1 Quarter
Net income (loss) attributable to Class A Common Stock	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-34.65M	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$-1.99	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-1.99	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.12	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-34.65M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-550.35M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$101.26M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAmortizationAndAssetRetirementObligationAccretionExpense`	$63.78M	USD	1 Quarter
Stock-based compensation expense - equity awards	`ShareBasedCompensation`	$6.41M	USD	1 Quarter
Stock-based compensation expense - equity awards	`ShareBasedCompensation`	$4.58M	USD	1 Quarter
Stock-based compensation expense - liability awards	`ShareBasedPaymentArrangementLiabilityAwards`	-	USD	1 Quarter
Stock-based compensation expense - liability awards	`ShareBasedPaymentArrangementLiabilityAwards`	$10.41M	USD	1 Quarter
Impairment and abandonment expense	`ExplorationAbandonmentAndImpairmentExpense`	$611.30M	USD	1 Quarter
Impairment and abandonment expense	`ExplorationAbandonmentAndImpairmentExpense`	$9.20M	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxesAndTaxCredits`	-	USD	1 Quarter
Deferred tax expense (benefit)	`DeferredIncomeTaxesAndTaxCredits`	$-83.21M	USD	1 Quarter
Net (gain) loss on sale of long-lived assets	`GainLossOnSaleOfProperty`	$44.00K	USD	1 Quarter
Net (gain) loss on sale of long-lived assets	`GainLossOnSaleOfProperty`	$245.00K	USD	1 Quarter
Non-cash portion of derivative (gain) loss	`UnrealizedGainLossOnDerivatives`	$-28.31M	USD	1 Quarter
Non-cash portion of derivative (gain) loss	`UnrealizedGainLossOnDerivatives`	$-8.45M	USD	1 Quarter
Amortization of debt issuance costs and discount	`AmortizationOfFinancingCosts`	$799.00K	USD	1 Quarter
Amortization of debt issuance costs and discount	`AmortizationOfFinancingCosts`	$1.85M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.00M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-41.03M	USD	1 Quarter
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$263.00K	USD	1 Quarter
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$264.00K	USD	1 Quarter
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.15M	USD	1 Quarter
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-34.37M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$100.82M	USD	1 Quarter
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$5.79M	USD	1 Quarter
Acquisition of oil and natural gas properties	`PaymentsToAcquireOilAndGasProperty`	$433.00K	USD	1 Quarter
Drilling and development capital expenditures	`PaymentsToExploreAndDevelopOilAndGasProperties`	$46.15M	USD	1 Quarter
Drilling and development capital expenditures	`PaymentsToExploreAndDevelopOilAndGasProperties`	$161.90M	USD	1 Quarter
Purchases of other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$486.00K	USD	1 Quarter
Purchases of other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$181.00K	USD	1 Quarter
Proceeds from sales of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$168.00K	USD	1 Quarter
Proceeds from sales of oil and natural gas properties	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$1.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-166.98M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.60M	USD	1 Quarter
Proceeds from borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$70.00M	USD	1 Quarter
Proceeds from borrowings under revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$195.00M	USD	1 Quarter
Repayment of borrowings under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$135.00M	USD	1 Quarter
Repayment of borrowings under revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$240.00M	USD	1 Quarter
Proceeds from issuance of convertible senior notes	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	1 Quarter
Proceeds from issuance of convertible senior notes	`ProceedsFromIssuanceOfUnsecuredDebt`	$170.00M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$5.44M	USD	1 Quarter
Premiums paid on capped call transactions	`PaymentOfDebtPremiumCharges`	$14.69M	USD	1 Quarter
Premiums paid on capped call transactions	`PaymentOfDebtPremiumCharges`	-	USD	1 Quarter
Restricted stock used for tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$477.00K	USD	1 Quarter
Restricted stock used for tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$208.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.61M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$59.79M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.14M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.37M	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.48M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.18M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.48M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.18M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$12.98M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$11.27M	USD	1 Quarter
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$50.33M	USD	1 Quarter
Accrued capital expenditures included in accounts payable and accrued expenses	`CapitalExpendituresIncurredButNotYetPaid`	$108.28M	USD	1 Quarter
Asset retirement obligations incurred, including revisions to estimates	`AssetRetirementObligationPeriodIncreaseDecrease`	$24.00K	USD	1 Quarter
Asset retirement obligations incurred, including revisions to estimates	`AssetRetirementObligationPeriodIncreaseDecrease`	$413.00K	USD	1 Quarter
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.48M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.34M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.54M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.18M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.27B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.73B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.56B	USD	Point-in-time
Restricted stock used for tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$208.00K	USD	1 Quarter
Restricted stock used for tax withholding	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$477.00K	USD	1 Quarter
Issuance of Class A common stock under Employee Stock Purchase Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$230.00K	USD	1 Quarter
Issuance of Class A common stock under Employee Stock Purchase Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$167.00K	USD	1 Quarter
Stock-based compensation - equity awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.41M	USD	1 Quarter
Stock-based compensation - equity awards	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.58M	USD	1 Quarter
Capped call premiums	`AdjustmentsToAdditionalPaidInCapitalPremiumsOnCappedCallTransactions`	$14.69M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-34.65M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-550.35M	USD	1 Quarter
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.60B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.27B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.73B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.56B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.