Lyft Investor Presentation Deck
GAAP to Non-GAAP Reconciliations (cont.)
($ in millions)
Reconciliation of Net Loss to Non-GAAP Adjusted EBITDA
GAAP Net Loss
(1)
(2)
Adjusted for the following
Interest expense
(1)
Other (income) expense, net
Provision for (benefit from) income taxes
Depreciation and amortization
Stock-based compensation expense
(3)
Payroll tax expense related to stock-based compensation
Changes to the liabilities for insurance required by regulatory agencies
attributable to historical periods
Net amount from claims ceded under the Reinsurance Agreement
Sublease income (3)
Adjusted EBITDA
Adjusted EBITDA Margin
Costs related to acquisitions and divestitures
Transaction costs rel. to certain legacy auto insurance liabilities
Restructuring charges
Note:
(2)
$
Q1
(427.3) $
12.9
(3.6)
1.9
34.4
164.2
16.5
128.0
(73.0) $
(12.0%)
Q2
Fiscal 2021
(251.9) $
13.1
(1.7)
0.7
34.5
201.0
6.8
0.9
20.4
23.8
3.1%
$
Q3
(99.7) $
13.4
(125.0)
6.6
37.0
198.4
49
28.2
2.9
0.6
67.3
7.8%
$
Q4
(283.2) $
13.3
(5.5)
2.0
33.3
160.9
3.3
122.3
24.6
3.7
74.7
7.7%
$
Q1
(196.9) $
4.7
(9.8)
2.8
31.8
153.7
9.5
55.3
3.7
54.8
Fiscal 2022
6.3%
$
Q2
(377.2) $
5.2
(1.0)
0.1
29.1
176.6
2.5
275.4
(36.8)
3.8
1.4
79.1
8.0%
$
Q3
(422.2)
5.3
126.2
0.6
35.9
2210
3.1
92.9
26
0.9
66.2
6.3%
Other income (expense), net includes (i) a benefit from a pre-tax gain from the divestiture relating to our self-driving vehicle division, Level 5 in Q2'21 and (ii) $135.7 million in impairment charges related to the wind down of an equity
investee in Q3'22, which included the impairments of a non-marketable equity investment and other assets.
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," which would otherwise have been captured in "Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods."
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.
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