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
Costs related to acquisitions and divestitures
Transaction costs rel. to certain legacy auto insurance liabilities
Restructuring charges
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)
Payroll tax expense related to stock-based compensation
Changes to the liabilities for insurance required by
regulatory agencies attributable to historical periods¹
Sublease income²
Note:
$ (398.1)
7.3
160.0
9.9
$
Q1
$
58.4
0.4
64.7
Q2
304.5
Fiscal 2020
17.4
Q3
$ (437.1) $ (459.5)
8.6
105.8
5.0
7.7
166.7
4.0
0.7
Q4
314.5
$ (458.2)
5.5
133.3
4.8
127.7
0.4
64.7
34.5
1.5
36.0
(97.4) $ (265.8) $ (280.4) $ (185.3) $ (828.9)
(0.32) $ (0.86) $ (0.89) $ (0.58) $ (2.66)
309.2
Total
320.3
$ (1,752.9)
29.2
565.8
23.7
204.1
312.2
Q1
$ (427.3)
4.5
164.2
16.5
128.0
$ (114.1) $
$ (0.35) $
326.2
|
Q2
$ (251.9) $
4.8
201.0
6.8
0.9
20.4
(18.0)
(0.05)
Fiscal 2021
Q3
332.1
$
$
(71.5)
4.7
198.4
4.9
(118.7)
Q4
$ (258.6)
4.1
160.9
3.3
17.8 $
0.05 $
337.8
122.3
32.1 $
0.09 $
342.7
Total
$ (1,009.4)
18.1
724.6
31.5
250.3
(117.7)
20.4
(82.2)
(0.25)
334.7
In future periods, adverse developments and benefits that result from deferred gains related to claims ceded under our reinsurance agreement may have a 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. The non-GAAP presentation of sublease income as a contra-expense has no impact to Adjusted Net Income (Loss).
Due to rounding, numbers presented may not add up precisely to the totals provided.
20View entire presentation