Bird Results Presentation Deck
Reconciliation of Adjusted EBITDA to Net Loss
BIRD
(in millions)
Net loss
Interest income
Interest expense
(Benefit from) provision for income taxes
Depreciation and amortization
Vehicle count adjustments
Stock-based compensation expense
Other income, net
Legal settlements and reserves
Impairment of product sales inventory
Impairment of assets
Other non-recurring, non-cash, or non-core items (1)
Adjusted EBITDA
Three Months Ended June 30,
2023
2022
(9.3)
(0.1)
1.9
(1.0)
8.1
(0.2)
5.9
(8.3)
0.5
1.3
(1.2)
(320.3)
2.6
0.1
19.3
43.7
(23.5)
0.1
31.8
215.8
1.5
(28.9)
Six Months Ended June 30,
2023
2022
(53.6)
(0.1)
3.9
18.3
(0.1)
13.2
(2.3)
0.8
3.3
(16.6)
(312.6)
(0.1)
4.1
0.1
29.1
0.6
92.4
(132.1)
1.0
31.8
215.8
1.5
(68.4)
1. Consists primarily of $0.7 million loss on disposal of vehicles for the three and six months ended June 30, 2023 and $0.5 million and $2.5 million of restructuring costs for the three and six months ended June 30, 2023, respectively.
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