Lyft Results Presentation Deck
GAAP to Non-GAAP Reconciliations (cont.)
($ in millions)
Reconciliation of Net Loss to Non-GAAP Adjusted EBITDA
GAAP Net Loss
Adjusted for the following
Interest expense
Other income, net¹
Provision for (benefit from) income taxes
Depreciation and amortization
Stock-based compensation expense
(1)
(2)
(3)
Payroll tax expense related to stock-based compensation
Changes to the liabilities for insurance required by
regulatory agencies attributable to historical periods²
Sublease income³
Adjusted EBITDA
Note:
Costs related to acquisitions and divestitures
Transaction costs rel. to certain legacy auto insurance
liabilities
Restructuring charges
Adjusted EBITDA Margin
Q1
$ (398.1)
1.5
(19.1)
1.6
35.5
160.0
9.9
58.4
0.4
64.7
Q2
7.0
(12.1)
(44.8)
44.5
105.8
5.0
17.4
Fiscal 2020
$ (437.1) $ (459.5) $ (458.2)
34.0
Q3
13.1
(7.5)
1.1
41.7
166.7
4.0
0.7
Q4
$ (85.2) $ (280.3) $ (239.7)
(8.9%)
(82.6%)
(48.0%)
12.6
(4.9)
(2.5)
35.7
133.3
4.8
127.7
1.5
$
(150.0)
(26.3%)
Total
34.3
(43.7)
(44.5)
157.4
565.8
23.7
$ (1,752.9) $ (427.3) $ (251.9)
204.1
0.4
64.7
35.5
Q1
$ (755.2)
(31.9%)
12.9
(3.6)
1.9
34.4
164.2
16.5
128.0
$ (73.0)
(12.0%)
Q2
$
13.1
(1.7)
0.7
34.5
201.0
6.8
0.9
20.4
23.8
3.1%
Fiscal 2021
Q3
$
$
(71.5)
13.4
(125.0)
6.6
37.0
198.4
4.9
2.9
0.6
67.3
7.8%
Q4
$ (258.6)
$
13.3
(5.5)
2.0
33.3
160.9
3.3
122.3
3.7
74.7
7.7%
Total
$ (1,009.4)
$
52.8
(135.9)
11.2
139.3
724.6
31.5
250.3
6.6
1.5
20.4
92.9
2.9%
Other income (expense), net includes a benefit from a pre-tax gain from the divestiture relating to our self-driving vehicle division, Level 5 in Q3'21.
In future periods, adverse developments and benefits that result from deferred gains related to claims ceded under our reinsurance agreement may have a net impact on our statement of operations. To help investors assess Lyft's ongoing
operating performance and to provide better comparability with Lyft's historically disclosed metrics, this net impact will be excluded from the calculation of Contribution, Adjusted EBITDA and Adjusted Net Income (Loss) through this line.
For the GAAP income statement, sublease income is included as other income while the related lease rent expense is included in its respective operating expense line item. For non-GAAP purposes, sublease income is presented as a
contra-expense to the related lease rent expense.
Due to rounding, numbers presented may not add up precisely to the totals provided.
21View entire presentation