Bird Results Presentation Deck
Reconciliation of Adjusted Operating Expenses to Total Operating Expenses
BIRD
(in millions, except as otherwise noted)
Total operating expenses
Impairment of assets
Depreciation and amortization (1)
Stock-based compensation expense
Legal settlements and reserves
Other non-recurring, non-cash, and non-core
Adjusted Operating Expenses
% of Revenue
$
$
Three Months Ended June 30,
2022
2023
36.1
(0.4)
(5.9)
(0.5)
(1.3)
28.0
58%
$
$
317.9
(215.8)
(0.8)
(43.7)
(0.1)
(1.5)
56.0
84%
1. Depreciation and amortization is comprised of property and equipment depreciation and intangible asset amortization, which is part of total operating expenses.
$
$
Six Months Ended June 30,
2023
76.6
(0.8)
(13.2)
(0.8)
(3.3)
58.5
75 %
$
$
2022
418.1
(215.8)
(1.4)
(92.4)
(1.0)
(1.5)
106.0
104 %
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