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Income Statement
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Op Efficiency
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Lyft, Inc. (LYFT)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16
   10-K10-K10-K10-K/A10-K10-KS-1/A
Revenues  3,812.02,958.02,208.73,465.52,106.01,059.9343.3
            Revenue growth  28.9%33.9%-36.3%64.6%98.7%208.7% 
Cost of goods sold  2,435.71,702.31,447.52,176.51,243.4659.5279.0
Gross profit  1,376.31,255.7761.11,289.0862.6400.364.3
            Gross margin  36.1%42.4%34.5%37.2%41.0%37.8%18.7%
Selling, general and administrative   [+]1,817.71,327.01,362.52,000.21,251.7788.5594.3
Research and development  856.8911.9909.11,505.6300.8136.664.7
Other operating expenses  160.7151.9297.9485.6287.8183.597.9
EBITDA   [+]-1,304.1-995.9-1,651.0-2,594.1-959.0-705.7-692.1
            EBITDA margin  -34.2%-33.7%-74.8%-74.9%-45.5%-66.6%-201.6%
Depreciation  136.4121.2128.273.314.02.60.5
EBITA  -1,440.5-1,117.1-1,779.2-2,667.4-972.9-708.3-692.6
            EBITA margin  -37.8%-37.8%-80.6%-77.0%-46.2%-66.8%-201.7%
Amortization of intangibles  18.418.129.235.14.8  
EBIT   [+]-1,458.9-1,135.2-1,808.4-2,702.5-977.7-708.3-692.6
            EBIT margin  -38.3%-38.4%-81.9%-78.0%-46.4%-66.8%-201.7%
Interest income, net   [+]27.4-42.611.0102.566.520.27.0
Other income (expense), net  -147.1126.90.00.10.70.33.2
Pre-tax income  -1,578.6-1,050.9-1,797.4-2,599.9-910.6-687.7-682.4
Income taxes  5.911.2-44.52.40.70.60.4
            Tax rate    2.5%    
Net income  -1,584.5-1,062.1-1,752.9-2,602.2-911.3-688.3-682.8
            Net margin  -41.6%-35.9%-79.4%-75.1%-43.3%-64.9%-198.9%
   
Basic EPS   [+]($4.47)($3.17)($5.61)($11.44)($43.04)($35.53)($37.08)
Diluted EPS   [+]($4.47)($3.17)($5.61)($11.44)($43.04)($35.53)($37.08)
   
Shares outstanding (basic)   [+]354.7334.7312.2227.521.219.418.4
Shares outstanding (diluted)   [+]354.7334.7312.2227.521.219.418.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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