Investor Presentation
GAAP to non-GAAP reconciliation (US, millions).
Net loss
Income tax (benefit) provision
Interest and other (income) expenses, net
Depreciation and amortization
Restructuring and other related costs
Impairment expense
Stock-based compensation expense
Other
Adj. EBITDA
Q4'20
Q1'21
Q2'21
Q3'21
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
($1,168)
($2,062)
($923)
($844)
($803)
($504)
($635)
($629)
($527)
(2)
3
4
(2)
(2)
(1)
3
3
1
(105)
553
68
206
103
147
316
290
(55)
191
184
180
171
174
171
158
156
156
52
494
(28)
16
(48)
(130)
(26)
(34)
(10)
546
299
242
88
241
91
36
97
401
7
54
4
4
48
13
13
13
10
7
29
4
5
4
1
1
(1)
(2)
($472)
($446)
($449)
($356)
($283)
($212)
($134)
($105)
($26)
Q4'20
Q1'21
Location Gross Profit / (Loss) Including Depreciation & Amortization
Depreciation and amortization
($382)
($414)
Q2'21
($386)
Q3'21
($288)
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
($201)
($147)
($85)
($63)
($21)
181
175
170
162
164
158
150
148
147
Location Gross Profit / (Loss) Exclusive of Depreciation &
Amortization
Unconsolidated management fee revenue
Stock-based compensation expense
Indirect location operating expenses
Building Margin
($201)
($239)
($215)
($125)
($37)
$11
$65
$85
$126
(3)
(4)
(1)
(2)
(2)
(3)
(5)
(6)
(4)
1
9
1
1
5
2
2
1
1
21
25
24
24
26
24
24
25
21
($183)
($209)
($192)
($103)
($9)
$34
$86
$105
$144
Q4'20
Q1'21
Net cash provided by (used in) operating activities
($439)
($541)
Purchase of property, equipment and capitalized software
Free Cash Flow
(192)
(129)
Q2'21
($618)
(42)
Q3'21
($380)
(61)
Q4'21
Q1'22
Q2'22
Q3'22
Q4'22
($373)
(105)
($338)
($197)
($110)
($88)
($631)
($670)
($660)
($441)
($478)
(74)
($412)
(101)
(95)
(68)
($298)
($205)
($156)
27
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