Lyft Investor 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
Changes to the liabilities for insurance required by regulatory agencies
attributable to historical periods
(1)
Net amount from claims ceded under the Reinsurance Agreement
(2)
Sublease income
Costs related to acquisitions and divestitures
Transaction costs rel. to certain legacy auto insurance liabilities
Restructuring charges
Impairment charges (3)
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)
Note:
$
$
$
Q1
(427.3) $
4.5
164.2
16.5
128.0
(114.1) $
(0.35) $
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
4.9
28.2
(118.7)
17.8
0.05
337.8
$
$
Q4
(283.2) $
4.1
160.9
3.3
122.3
24.6
32.1 $
$
0.09
342.7
Q1
(196.9) $
3.1
153.7
9.5
55.3
24.6
0.07
Fiscal 2022
346.6
$
$
Q2
(377.2) $
4.5
176.6
2.5
275.4
(36.8)
1.4
46.4 $
0.13
$
350.5
Q3
(422.2)
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.
5.4
221.0
3.1
92.9
0.9
135.7
36.7
0.10
356.5
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. The non-GAAP presentation of sublease income as a contra-expense has no impact to Adjusted Net Income (Loss).
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