Lyft Results Presentation Deck
GAAP to Non-GAAP Reconciliations
($ in millions)
Reconciliation of Contribution
Revenue
(1)
(2)
Less: cost of revenue
Amortization of intangible assets
Stock-based compensation expense
Restructuring charges
Contribution (Non-GAAP)
Contribution Margin (Non-GAAP)
Note:
Payroll tax expense related to stock-based compensation.
Changes to the liabilities for insurance required by regulatory
agencies attributable to historical periods¹
Transaction costs rel. to certain legacy auto insurance liabilities
Sublease income²
Q1
$
2.8
9.7
0.7
58.4
$ 955.7 $ 339.3 $ 499.7 $ 569.9
(542.4)
(261.6)
(251.4)
3.7
(392.1)
2.8
2.8
4.5
7.0
7.5
0.3
0.2
0.2
62.5
Q2
547.4 $
57.3%
Fiscal 2020
17.4
Q3
3.5
117.3 $
34.6%
0.7
248.8
49.8%
Q4
$
127.7
Total
$2,364.7 $
(1,447.5)
12.0
28.7
1.5
204.1
62.5
3.5
316.0 $ 1,229.5
55.5%
52.0%
$
Q1
609.0
(412.0)
2.8
8.4
1.1
128.0
337.3
55.4%
|
$
Q2
Fiscal 2021
$ 765.0 $ 864.4 $
(346.9) (364.0)
3.2
2.8
10.2
10.2
0.3
0.2
20.2
Q3
452.0 $
59.1%
513.6
59.4%
Q4
969.9
(526.6)
2.3
10.7
0.2
122.3
$ 578.8
59.7%
Total
$ 3,208.3
(1,649.5)
11.0
39.5
1.8
250.3
20.2
$ 1,881.6
58.6%
In future periods, adverse developments and benefits that result from deferred gains related to claims ceded under our reinsurance agreement may have 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. There has been no sublease income allocated to cost of revenue through December 31, 2021.
Due to rounding, numbers presented may not add up precisely to the totals provided.
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