← Lyft, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($688.3m) | ($911.3m) | ($2.6b) | ($1.8b) | ($1.0b) | ($1.6b) | ($340.3m) | $22.8m | $2.8b | |
| Depreciation and amortization | $2.6m | $18.8m | $108.4m | $157.4m | $139.3m | $154.8m | $116.5m | $148.9m | $135.2m | |
| Amortization of premium on marketable securities | $948k | $473k | $597k | $6.5m | $4.1m | $3.0m | $117k | $284k | $307k | |
| Amortization of debt discount and issuance costs | — | $0 | $0 | $21.1m | $35.6m | $2.8m | $2.9m | $3.7m | $3.7m | |
| Deferred income tax | — | — | — | — | — | — | ($2.4m) | ($1.9m) | ($2.9b) | |
| Operating lease right-of-use assets | — | $0 | $108.6m | $61.2m | $61.3m | $96.3m | $20.0m | $26.3m | $27.0m | |
| Right-of-use assets acquired under operating leases | — | — | $264.1m | $28.8m | $7.1m | $498k | $3.8m | $7.7m | $20.8m | |
| Remeasurement of finance and operating lease right-of-use assets | — | — | $0 | $0 | $58k | ($321k) | ($10.6m) | $54.7m | ($6.1m) | |
| Stock-based compensation | $9.5m | $8.6m | $1.6b | $565.8m | $724.6m | $750.8m | $484.5m | $330.9m | $322.3m | |
| Accretion of discount on marketable securities | ($5.5m) | ($23.6m) | ($39.3m) | ($14.1m) | ($1.5m) | ($23.2m) | ($68.1m) | ($89.4m) | ($69.2m) | |
| Loss (gain) on sale and disposal of assets, net | — | $0 | $36.5m | $15.2m | $5.5m | ($60.7m) | ($11.3m) | $7.8m | $7.6m | |
| Gain on lease termination | — | — | — | — | — | $0 | $0 | ($29.6m) | $0 | |
| Other | $0 | $989k | ($875k) | $4.5m | $3.3m | $23.6m | ($4.3m) | $2.5m | ($9.2m) | |
| Prepaid expenses and other assets | ($111.8m) | ($75.6m) | ($119.5m) | $39.6m | ($207.0m) | ($275.9m) | ($86.9m) | ($76.4m) | ($51.0m) | |
| Accounts payable | $21.4m | ($40.8m) | $5.1m | $44.5m | $47.1m | ($27.2m) | ($41.1m) | $21.7m | $21.7m | |
| Insurance reserves | $244.6m | $433.7m | $568.2m | ($391.4m) | $81.6m | $348.7m | ($79.5m) | $363.5m | $479.0m | |
| Accrued and other liabilities | $133.0m | $308.2m | $332.4m | ($36.7m) | $181.4m | $262.4m | ($75.6m) | $164.1m | $385.6m | |
| Lease liabilities | — | $0 | ($102.9m) | ($53.2m) | ($48.3m) | ($43.8m) | ($15.3m) | ($47.4m) | ($33.2m) | |
| Purchases of marketable securities | ($2.6b) | ($5.5b) | ($6.4b) | ($4.1b) | ($3.8b) | ($4.0b) | ($3.3b) | ($4.2b) | ($3.3b) | |
| Purchases of term deposits | $0 | $0 | ($142.8m) | ($1.1b) | ($458.0m) | ($13.6m) | ($3.5m) | ($4.4m) | $0 | |
| Proceeds from sales of marketable securities | $872.3m | $900.4m | $1.1b | $657.0m | $513.0m | $676.9m | $452.5m | $232.9m | $728.4m | |
| Proceeds from maturities of marketable securities | $707.7m | $3.8b | $4.1b | $4.7b | $3.3b | $3.3b | $3.5b | $3.4b | $3.3b | |
| Proceeds from maturities of term deposits | — | $0 | $0 | $645.6m | $675.5m | $395.1m | $8.5m | $5.7m | $2.2m | |
| Purchases of property and equipment and scooter fleet | ($7.5m) | ($68.7m) | ($178.1m) | ($93.6m) | ($79.2m) | ($115.0m) | ($149.8m) | ($83.5m) | ($52.8m) | |
| Sales of property and equipment | — | $0 | $7.1m | $30.9m | $42.5m | $129.8m | $92.6m | $92.0m | $52.9m | |
| Cash paid for acquisitions, net of cash acquired | $0 | ($257.6m) | ($12.3m) | ($12.3m) | $3k | ($146.3m) | $1.6m | $0 | ($307.3m) | |
| Repayment of loans | — | $0 | $0 | ($50.6m) | ($44.4m) | ($67.6m) | ($72.5m) | ($84.1m) | ($62.4m) | |
| Payment for settlement of convertible senior notes due 2025 | — | — | — | — | — | $0 | $0 | ($350.0m) | ($390.7m) | |
| Proceeds from issuance of convertible senior notes | — | $0 | $0 | $734.1m | $0 | $0 | $0 | $460.0m | $500.0m | |
| Purchase of capped calls | — | — | — | — | — | $0 | $0 | ($47.9m) | ($42.0m) | |
| Principal payments on finance lease obligations | — | $0 | $0 | ($41.7m) | ($35.5m) | ($34.8m) | ($43.5m) | ($46.7m) | ($41.2m) | |
| Contingent consideration paid | — | — | — | — | $0 | $0 | ($14.1m) | $0 | $0 | |
| Beginning of period | $1.2b | $706.5m | $564.5m | $438.5m | $531.2m | $391.8m | $771.8m | $946.0m | $1.8b | |
| Financed vehicles acquired | — | — | — | $34.1m | $56.8m | $48.1m | $127.1m | $83.6m | $78.1m | |
| Purchases of property and equipment and scooter fleet not yet settled | $704k | $8.2m | $13.1m | $41.3m | $69.0m | $31.5m | $4.5m | $10.6m | $3.6m | |
| Right-of-use assets acquired under finance leases | — | — | $0 | $6.6m | $26.6m | $11.4m | $79.1m | $45.2m | $30.3m | |
| Repurchase of Class A common stock, including excise tax, accrued and not yet paid | $0 | $0 | $942.9m | $4.0m | $5.9m | $10.7m | $0 | $0 | $2.8m | |
| Net cash provided by (used in) operating activities | ($393.5m) | ($280.7m) | ($105.7m) | ($1.4b) | ($101.7m) | ($237.3m) | ($98.2m) | $849.7m | $1.2b | |
| Other investing activities | $0 | $0 | $7.1m | $0 | ($2.0m) | $0 | $5.5m | $1.3m | ($1.3m) | |
| Net cash provided by (used in) investing activities | ($991.4m) | ($1.0b) | ($1.6b) | $740.4m | $267.0m | $186.0m | $599.8m | ($518.0m) | $406.7m | |
| Payment of debt issuance costs | — | $0 | $0 | ($824k) | $0 | $0 | $0 | ($11.9m) | ($12.2m) | |
| Proceeds from exercise of stock options and other common stock issuances | $3.7m | $10.0m | $33.1m | $26.1m | $33.8m | $21.7m | $11.0m | $15.1m | $14.9m | |
| Repurchase of Class A common stock | — | — | — | — | — | $0 | $0 | ($50.0m) | ($500.0m) | |
| Other financing activities | — | ($406k) | $0 | ($1.5m) | ($2k) | $0 | $0 | $0 | ($490k) | |
| Net cash used in financing activities | $2.0b | $852.2m | $1.6b | $512.6m | ($72.5m) | ($87.5m) | ($122.1m) | ($155.9m) | ($685.5m) | |
| Net increase in cash, cash equivalents and restricted cash and cash equivalents | $664.0m | ($472.4m) | ($142.0m) | ($126.0m) | $92.7m | ($139.4m) | $380.0m | $174.3m | $891.3m | |
| Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents | $0 | ($246k) | $328k | ($74k) | ($113k) | ($631k) | $533k | ($1.6m) | $1.7m | |
| Cash and cash equivalents | $1.1b | $517.7m | $358.3m | $319.7m | $457.3m | $281.1m | $558.6m | $759.3m | $1.1b | |
| Restricted cash and cash equivalents | $72.8m | $187.4m | $205.0m | $118.6m | $73.2m | $109.4m | $211.8m | $186.7m | $705.4m | |
| Restricted cash, included in prepaid expenses and other current assets | $0 | $1.4m | $1.2m | $192k | $663k | $1.4m | $1.4m | $0 | $0 | |
| Cash paid for interest | — | $0 | $0 | $12.5m | $16.5m | $16.8m | $20.2m | $28.3m | $19.8m | |
| Taxes paid related to net share settlement of equity awards | $0 | $0 | ($942.9m) | ($20.2m) | ($26.3m) | ($6.7m) | ($3.0m) | ($40.3m) | ($151.3m) | |
| Cash paid for income taxes | $0 | $326k | $819k | $4.0m | $5.9m | $10.7m | $9.4m | $11.2m | $7.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.