In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 |
| 10-K | 10-K | S-1 |
Revenue: | | | |
Service | 589.8 | 500.9 | |
Recyclable commodity | 85.6 | 82.1 | |
Total revenue | 675.4 | 583.1 | 539.4 |
Total revenue growth | 15.8% | 8.1% | |
Costs and Expenses: | | | |
Cost of revenue (exclusive of amortization and depreciation): | | | |
Service | 569.8 | 481.6 | |
Recyclable commodity | 78.1 | 77.0 | |
Total cost of revenue (exclusive of amortization and depreciation) | 647.8 | 558.7 | 0.4 |
Sales and marketing | 16.2 | 14.5 | 14.8 |
Product development | 37.5 | 22.5 | 14.9 |
General and administrative | 221.5 | 52.9 | |
Amortization and depreciation | 1.1 | 2.5 | 1.5 |
Total Costs and Expenses | 1,965.7 | 1,314.5 | 590.8 |
Loss from Operations | -253.3 | -72.6 | -51.4 |
Operating margin | -37.5% | -12.5% | -9.5% |
|
Other Income (Expense): | | | |
Interest earned | 0.0 | 0.0 | |
Loss on change in fair value of warrant liabilities | -1.8 | -0.6 | |
Loss on change in fair value of derivatives | -72.6 | | |
Excess fair value over the consideration received for SAFE | -0.8 | | |
Gain on service fee settlements in connection with the Mergers | 12.1 | | |
Related party interest expense | -16.9 | -11.5 | |
Other expense | -3.0 | -1.1 | |
Total Other Income (Expense) | -28.4 | -2.2 | -8.6 |
Loss Before Income Taxes | -281.7 | -74.8 | 60.0 |
Income tax expense | 0.1 | -1.7 | -1.5 |
Net Loss | -281.8 | -73.2 | -58.6 |
Net loss attributable to Holdings LLC unitholders prior to the Mergers | -229.0 | -73.2 | |
Net loss attributable to noncontrolling interests | -22.6 | | |
Net Loss Attributable to Class A Common Stockholders | -30.2 | | |
|
|
Weighted average shares outstanding, basic | 0.0 | 100,380.3 | 32.4 |