Lyft Results Presentation Deck
GAAP to Non-GAAP Reconciliations
($ in millions)
Reconciliation of Contribution
Revenue
Less: cost of revenue
Gross Profit
Gross Profit Margin
Adjusted to exclude the following (as related to cost of revenue):
Amortization of intangible assets
Stock-based compensation expense
Payroll tax expense related to stock-based compensation
Net amount from claims ceded under the Reinsurance Agreement
Transaction costs rel. to certain legacy auto insurance liabilities
Sublease income (2)
Restructuring charges
Non-GAAP Cost of Revenue
(1)
Non-GAAP Cost of Revenue as % of Revenue
Contribution (Non-GAAP)
Contribution Margin (Non-GAAP)
(3)
(2)
(3)
Note:
(1)
$
$
$
$
Q1
609.0
(412.0)
196.9
32.3%
2.8
8.4
1.1
$
34.4%
$
(399.7) $
(65.6%)
209.3
$
Q2
Fiscal 2021
765.0 $
(346.9)
418.1
54.7%
3.2
10.2
0.3
20,2
$
(313.1) $
(40.9%)
452.0
59.1%
$
Q3
864.4
(392.2)
472.2
54.6%
2.8
10.2
0.2
28.2
$
59.4%
$
(350.8) $
(40.6%)
513.6
$
Q4
969.9 $
(551.2)
418.8
43.2%
2.3
10.7
0.2
24.6
(513.4) $
(52.9%)
456.5
$
47.1%
$
Q1
875.6 $
(440.3)
435.3
49.7%
1.2
9.9
0.8
55.3
$
(373.1) $
(42.6%)
502.5
57.4%
$
Q2
Fiscal 2022
990.7
(650.4)
340.4
34.4%
1.2
10.1
0.2
(36.8)
$
31.8%
$
(675.7) $
(68.2%)
315.1
$
Q3
1,053.8
(570.7)
483.1
45.8%
1.2
13.0
0.2
$
47.2%
$
(556.3) $
(52.8%)
497.5
$
Q4
1,175.0
(774.4)
400.6
34.1%
1.2
11.1
0.1
1.6
(760.3)
(64.7%)
414.7
35.3%
Reflects the net amount recognized on the statement of operations associated with claims ceded under the Reinsurance agreement, including any losses related to the deferral of gains on the statement of operations and any benefit
from the amortization of the deferred gain in the same period. For transparency, to help investors understand the ultimate economic benefit of the Reinsurance Agreement, we have broken out "Net amount of claims ceded under the
Reinsurance Agreement."
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. There has been no sublease income allocated to cost of revenue through December 31, 2022.
Included in restructuring charges is $1.6 million of severance and other employee costs. In addition, restructuring-related charges of $0.2 million for stock-based compensation and the payroll tax expense related to stock-based
compensation are included on their respective line items.
Due to rounding, numbers presented may not add up precisely to the totals provided.
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