Lyft Results Presentation Deck
GAAP to Non-GAAP Reconciliations (cont.)
($ in millions, except per share items)
Reconciliation of Net Loss to Non-GAAP Adjusted Net Income (Loss)
GAAP Net Loss
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
nt (1)
(2)
Sublease income
Costs related to acquisitions and divestitures
Transaction costs rel. to certain legacy auto insurance liabilities
Restructuring charges (3)
Impairment charges
(4)
Adjusted Net Income (Loss)
Adjusted net income (loss) per share, basic
Weighted-average shares used to compute adjusted net income
(loss) per share, basic
(1)
(2)
(3)
(4)
Note:
$
$
$
Q1
(427.3) $
45
164.2
16.5
(242.1) $
(0.74) S
326.2
Q2
Fiscal 2021
(251.9) $
4.8
201.0
6.8
0.9
20.4
(18.0) $
(0.05) $
332.1
Q3
(99.7) $
4.7
198.4
49
28.2
(118.7)
17.8 $
0.05
337.8
$
Q4
(283.2) $
4.1
160.9
3.3
24.6
(90.2) $
(0.26) $
342.7
Q1
(196.9) $
3.1
153.7
9.5
55.3
24.6
0.07
346.6
$
$
Q2
Fiscal 2022
(377.2) $
4.5
176.6
2.5
(36.8)
1.4
(229.1) $
(0.65) $
350.5
Q3
(422.2) $
5.4
221.0
3.1
0.9
135.7
(56.1) $
(0.16) $
356.5
Q4
In the third quarter of 2022, we recorded $135.7 million in impairment charges related to the wind down of an equity investee, which included the impairments of a non-marketable equity investment and other assets.
Due to rounding, numbers presented may not add up precisely to the totals provided.
(588.1)
55
199.4
1.9
110.5
(270.8)
(0.74)
365.1
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. The non-GAAP presentation of sublease income as a contra-expense has no impact to Adjusted Net Income (Loss).
Included in restructuring charges is $29.2 million of severance and other employee costs, $57.4 million related to lease impairments and other restructuring costs and $23.9 million related to accelerated depreciation of certain fixed
assets. In addition, restructuring-related charges for the stock-based compensation of $9.5 million, payroll taxes related to stock-based compensation of $0.3 million are included on their respective line items.
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