Achieved All-time High Active Riders and
Rides
Lyft, Inc. (Nasdaq:LYFT) today announced financial results for
the second quarter ended June 30, 2024.
“For over a year you've heard us say that customer obsession
drives profitable growth," said CEO David Risher. “In Q2 we
delivered, and drivers and riders are choosing Lyft in record
numbers.”
“Our platform is growing in a very healthy way as evidenced by
the strength of our financial results, including strong cash flow
generation and GAAP Net income,” said CFO Erin Brewer. “We
had a strong second quarter with more than a hundred million
dollars in Adjusted EBITDA, and we have solid momentum entering the
second half of the year.”
Second Quarter 2024 Financial Highlights
- Gross Bookings of $4.0 billion was up 17% year-over-year.
- Revenue of $1.4 billion was up 41% year-over-year.
- Net income of $5.0 million compared to $(114.3) million net
loss in Q2’23. Net income includes $89.9 million of stock-based
compensation and related payroll tax expenses. Net income as a
percentage of Gross Bookings was 0.1% and compared to net loss as a
percentage of Gross Bookings of (3.3)% in Q2’23.
- Adjusted EBITDA of $102.9 million compared to $41.0 million in
Q2’23. Adjusted EBITDA margin as a percentage of Gross Bookings was
2.6% and compared to 1.2% in Q2’23.
- Net cash flow provided by (used in) operating activities of
$276.2 million compared to $(70.0) million in Q2’23. For the last
twelve months, net cash flow provided by operating activities was
$478.2 million.
- Free cash flow of $256.4 million compared to ($112.2) million
in Q2’23. For the last twelve months, free cash flow was $368.4
million.
Second Quarter 2024 Operational Highlights
- All-time high Active Riders of 23.7 million: up 10%
year-over-year.
- Rides of 205 million: were a company record, up 15%
year-over-year.
- Driver hours hit an all-time high: and we welcomed the
most new drivers in any quarter since 2019. Our Driver Earnings
Commitment also launched nationwide.
- The Pride effect: Pride was a major celebration for Lyft
riders in Q2. In cities with Pride celebrations throughout June,
Lyft saw a 17% increase in rides compared to an average weekend in
the quarter; riders in San Francisco, Denver, and Seattle took
roughly 50% more rides than usual.
- Congrats grads: Riders in top college towns took 23%
more rides during spring graduation weekends compared to average
weekends in Q2 - especially at schools like the University of
Florida, which has a partnership with Lyft to help transport 60,000
students throughout Gainesville and across campus.
- Canada rides doubled: in the second quarter compared to
the same period last year, and Toronto grew to become our 8th
largest market.
Third Quarter 2024 Outlook
- Gross Bookings of approximately $4.0 billion to $4.1
billion.
- Adjusted EBITDA of $90 million to $95 million and an Adjusted
EBITDA margin (calculated as a percentage of Gross Bookings) of
approximately 2.3%.
FY’24 Directional Commentary: Free Cash Flow Conversion
Updated
- Rides growth in the mid-teens year-over-year.
- Gross Bookings growth that is slightly faster than Rides growth
year-over-year.
- Adjusted EBITDA margin (calculated as a percentage of Gross
Bookings) of approximately 2.1%.
- We remain on track to generate positive free cash flow for the
full year. Given our strong progress in the first half of the year
and our increased visibility, we now expect we’ll reach our more
than 90% long-term conversion target for the full-year 2024, well
ahead of schedule.
We have not provided the forward-looking GAAP equivalent to our
non-GAAP outlook or a GAAP reconciliation as a result of the
uncertainty regarding, and the potential variability of reconciling
items such as stock-based compensation and income tax. Accordingly,
a reconciliation of these non-GAAP guidance metrics to their
corresponding GAAP equivalent is not available without unreasonable
effort. However, it is important to note that the reconciling items
could have a significant effect on future GAAP results. We have
provided historical reconciliations of GAAP to non-GAAP metrics in
tables at the end of this release. For more information regarding
the non-GAAP financial measures discussed in this earnings release,
please see "GAAP to non-GAAP Reconciliations" below.
Financial and Operational Results
through the Second Quarter of 2024
Three Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
(in millions, except for
percentages)
Active Riders
23.7
21.9
21.5
Rides
205.3
187.7
177.9
Gross Bookings
$
4,018.9
$
3,693.2
$
3,446.0
Revenue
$
1,435.8
$
1,277.2
$
1,020.9
Net income (loss)
$
5.0
$
(31.5
)
$
(114.3
)
Net income (loss) as a percentage of Gross
Bookings
0.1
%
(0.9
)%
(3.3
)%
Net cash flow provided by (used in)
operating activities
$
276.2
$
156.2
$
(70.0
)
Adjusted EBITDA
$
102.9
$
59.4
$
41.0
Adjusted EBITDA margin (calculated as a
percentage of Gross Bookings)
2.6
%
1.6
%
1.2
%
Adjusted Net Income (Loss)
$
98.9
$
60.0
$
59.5
Free cash flow
$
256.4
$
127.1
$
(112.2
)
_______________
Note: Information on our key metrics and non-GAAP financial
measures is also available on our Investor Relations page.
Definitions of Key Metrics
Gross Bookings
Gross Bookings is a key indicator of the scale and impact of our
overall platform. Lyft defines Gross Bookings as the total dollar
value of transactions invoiced to rideshare riders including any
applicable taxes, tolls and fees excluding tips to drivers. It also
includes amounts invoiced for other offerings, including but not
limited to: Express Drive vehicle rentals, bike and scooter
rentals, and amounts recognized for subscriptions, bike and bike
station hardware and software sales, media, sponsorships,
partnerships, and licensing and data access agreements.
Adjusted EBITDA margin (calculated as a percentage of Gross
Bookings)
Adjusted EBITDA margin (calculated as a percentage of Gross
Bookings) is calculated by dividing Adjusted EBITDA for a period by
Gross Bookings for the same period. For the definition of Adjusted
EBITDA, refer to “Non-GAAP Financial Measures”.
Rides
Rides represent the level of usage of our multimodal platform.
Lyft defines Rides as the total number of rides including rideshare
and bike and scooter rides completed using our multimodal platform
that contribute to our revenue. These include any Rides taken
through our Lyft App. If multiple riders take a private rideshare
ride, including situations where one party picks up another party
on the way to a destination, or splits the bill, we count this as a
single rideshare ride. Each unique segment of a Shared Ride is
considered a single Ride. For example, if two riders successfully
match in Shared Ride mode and both complete their Rides, we count
this as two Rides. We have largely shifted away from Shared Rides,
and now only offer Shared Rides in limited markets. Lyft includes
all Rides taken by riders via our Concierge offering, even though
such riders may be excluded from the definition of Active Riders
unless the ride is accessible in that rider’s Lyft App.
Active Riders
The number of Active Riders is a key indicator of the scale of
our user community. Lyft defines Active Riders as all riders who
take at least one ride during a quarter where the Lyft Platform
processes the transaction. An Active Rider is identified by a
unique phone number. If a rider has two mobile phone numbers or
changed their phone number and that rider took rides using both
phone numbers during the quarter, that person would count as two
Active Riders. If a rider has a personal and business profile tied
to the same mobile phone number, that person would be considered a
single Active Rider. If a ride has been requested by an
organization using our Concierge offering for the benefit of a
rider, we exclude this rider in the calculation of Active Riders,
unless the ride is accessible in that rider’s Lyft App.
Webcast
Lyft will host a webcast today at 5:15 a.m. Pacific Time (8:15
a.m. Eastern Time) to discuss these financial results and business
highlights. To listen to a live audio webcast, please visit our
Investor Relations page at https://investor.lyft.com/. The archived
webcast will be available on our Investor Relations page shortly
after the call.
About Lyft
Lyft is one of the largest transportation networks in North
America, bringing together rideshare, bikes, and scooters all in
one app. We are customer-obsessed and driven by our purpose:
getting riders out into the world so they can live their lives
together, and providing drivers a way to work that gives them
control over their time and money.
Available Information
Lyft announces material information to the public about Lyft,
its products and services and other matters through a variety of
means, including filings with the Securities and Exchange
Commission, press releases, public conference calls, webcasts, the
investor relations section of its website (investor.lyft.com), its
X accounts (@lyft and @davidrisher), and its blogs (including:
lyft.com/blog, lyft.com/hub, and eng.lyft.com) in order to achieve
broad, non-exclusionary distribution of information to the public
and for complying with its disclosure obligations under Regulation
FD.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements generally relate to future
events or Lyft's future financial or operating performance. In some
cases, you can identify forward looking statements because they
contain words such as "may," "will," "should," "expects," "plans,"
"anticipates,” “going to,” "could," "intends," "target,"
"projects," "contemplates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of these words or other
similar terms or expressions that concern Lyft's expectations,
strategy, priorities, plans or intentions. Forward-looking
statements in this release include, but are not limited to, Lyft’s
guidance and outlook, including for the third quarter and full
fiscal year 2024, and the trends and assumptions underlying such
guidance and outlook, and Lyft’s plans and expectations, including
statements about profitable growth. Lyft’s expectations and beliefs
regarding these matters may not materialize, and actual results in
future periods are subject to risks and uncertainties that could
cause actual results to differ materially from those projected,
including risks related to the macroeconomic environment and risks
regarding our ability to forecast our performance due to our
limited operating history and the macroeconomic environment. The
forward-looking statements contained in this release are also
subject to other risks and uncertainties, including those more
fully described in Lyft's filings with the Securities and Exchange
Commission (“SEC”), including in our Quarterly Report on Form 10-Q
for the quarter ended March 31, 2024 that was filed with the SEC on
May 9, 2024 and our Quarterly Report on Form 10-Q for the quarter
ended June 30, 2024 that will be filed with the SEC by August 9,
2024. The forward-looking statements in this release are based on
information available to Lyft as of the date hereof, and Lyft
disclaims any obligation to update any forward-looking statements,
except as required by law. This press release discusses
"customers." For rideshare, there are two customers in every car -
the driver is Lyft's customer, and the rider is the driver's
customer. We care about both.
Non-GAAP Financial Measures
To supplement Lyft's financial information presented in
accordance with generally accepted accounting principles in the
United States of America, or GAAP, Lyft considers certain financial
measures that are not prepared in accordance with GAAP, including
Adjusted Net Income (Loss), Adjusted EBITDA, Adjusted EBITDA margin
(calculated as a percentage of Gross Bookings) and free cash flow.
Lyft defines Adjusted EBITDA as net income (loss) adjusted for
interest expense, other income (expense), net, provision for
(benefit from) income taxes, depreciation and amortization,
stock-based compensation expense, payroll tax expense related to
stock-based compensation and sublease income, as well as, if
applicable, restructuring charges, costs related to acquisitions
and divestitures and costs from transactions related to certain
legacy auto insurance liabilities. Adjusted EBITDA margin
(calculated as a percentage of Gross Bookings) is calculated by
dividing Adjusted EBITDA for a period by Gross Bookings for the
same period and is considered a key metric. Lyft defines Adjusted
Net Income (Loss) as net income (loss) adjusted for amortization of
intangible assets, stock-based compensation expense (net of any
benefit), and payroll tax expense related to stock-based
compensation, as well as, if applicable, restructuring charges and
transaction costs related to certain legacy auto insurance
liabilities and cost related to acquisitions and divestitures. Lyft
defines free cash flow as GAAP net cash provided by (used in)
operating activities less purchases of property and equipment and
scooter fleet.
Lyft subleases certain office space and earns sublease income.
Sublease income is included within other income, net on the
condensed consolidated statement of operations, while the related
lease expense is included within operating expenses and loss from
operations. Lyft believes the adjustment to include sublease income
in Adjusted EBITDA is useful to investors by enabling them to
better assess Lyft’s operating performance, including the benefits
of recent transactions, by presenting sublease income as a
contra-expense to the related lease charges that are part of
operating expenses.
In November 2022 and April 2023, Lyft committed to plans of
termination as part of efforts to reduce operating expenses. Lyft
believes the costs associated with these restructuring efforts do
not reflect performance of Lyft’s ongoing operations. Lyft believes
the adjustment to exclude the costs related to restructuring from
Adjusted EBITDA and Adjusted Net Income (Loss) is useful to
investors by enabling them to better assess Lyft’s ongoing
operating performance and provide for better comparability with
Lyft’s historically disclosed Adjusted EBITDA and Adjusted Net
Income (Loss) amounts.
Lyft uses its non-GAAP financial measures in conjunction with
GAAP measures as part of our overall assessment of our performance,
including the preparation of our annual operating budget and
quarterly forecasts, to evaluate the effectiveness of our business
strategies, and to communicate with our board of directors
concerning our financial performance. Free cash flow is a measure
used by our management to understand and evaluate our operating
performance and trends. We believe free cash flow is a useful
indicator of liquidity that provides our management with
information about our ability to generate or use cash to enhance
the strength of our balance sheet, further invest in our business
and pursue potential strategic initiatives. Free cash flow has
certain limitations, including that it does not reflect our future
contractual commitments and it does not represent the total
increase or decrease in our cash balance for a given period. Free
cash flow does not necessarily represent funds available for
discretionary use and is not necessarily a measure of our ability
to fund our cash needs.
Lyft’s definitions may differ from the definitions used by other
companies and therefore comparability may be limited. In addition,
other companies may not publish these or similar metrics.
Furthermore, these measures have certain limitations in that they
do not include the impact of certain expenses that are reflected in
our consolidated statement of operations that are necessary to run
our business. Thus, our non-GAAP financial measures should be
considered in addition to, not as substitutes for, or in isolation
from, measures prepared in accordance with GAAP.
Lyft, Inc. Condensed
Consolidated Balance Sheets (in thousands, except for share and
per share data) (unaudited)
June 30, 2024
December 31,
2023
Assets
Current assets
Cash and cash equivalents
$
604,357
$
558,636
Short-term investments
1,195,970
1,126,548
Prepaid expenses and other current
assets
879,606
892,235
Total current assets
2,679,933
2,577,419
Restricted cash and cash equivalents
213,903
211,786
Restricted investments
1,125,027
837,291
Other investments
39,704
39,870
Property and equipment, net
528,233
465,844
Operating lease right of use assets
88,959
98,202
Intangible assets, net
51,299
59,515
Goodwill
255,391
257,791
Other assets
14,635
16,749
Total assets
$
4,997,084
$
4,564,467
Liabilities and Stockholders’
Equity
Current liabilities
Accounts payable
$
116,070
$
72,282
Insurance reserves
1,489,577
1,337,868
Accrued and other current liabilities
1,602,588
1,508,855
Operating lease liabilities — current
43,229
42,556
Convertible senior notes, current
389,374
—
Total current liabilities
3,640,838
2,961,561
Operating lease liabilities
113,102
134,102
Long-term debt, net of current portion
578,334
839,362
Other liabilities
87,182
87,924
Total liabilities
4,419,456
4,022,949
Stockholders’ equity
Preferred stock, $0.00001 par value;
1,000,000,000 shares authorized as of June 30, 2024 and December
31, 2023; no shares issued and outstanding as of June 30, 2024 and
December 31, 2023
—
—
Common stock, $0.00001 par value;
18,000,000,000 Class A shares authorized as of June 30, 2024 and
December 31, 2023; 401,620,478 and 391,239,046 Class A shares
issued and outstanding as of June 30, 2024 and December 31, 2023,
respectively; 100,000,000 Class B shares authorized as of June 30,
2024 and December 31, 2023; 8,530,629 and 8,566,629 Class B shares
issued and outstanding as of June 30, 2024 and December 31,
2023.
4
4
Additional paid-in capital
10,892,833
10,827,378
Accumulated other comprehensive income
(loss)
(7,773
)
(4,949
)
Accumulated deficit
(10,307,436
)
(10,280,915
)
Total stockholders’ equity
577,628
541,518
Total liabilities and stockholders’
equity
$
4,997,084
$
4,564,467
Lyft, Inc. Condensed
Consolidated Statements of Operations (in thousands, except for
per share data) (unaudited)
Three Months Ended June
30,
Six Months Ended June
30,
2024
2023
2024
2023
Revenue
$
1,435,846
$
1,020,906
$
2,713,047
$
2,021,454
Costs and expenses
Cost of revenue
819,518
606,599
1,574,880
1,155,591
Operations and support
115,734
107,649
218,776
206,575
Research and development
98,807
154,612
198,830
351,516
Sales and marketing
176,370
109,167
321,842
225,108
General and administrative
252,643
201,398
488,896
457,938
Total costs and expenses
1,463,072
1,179,425
2,803,224
2,396,728
Loss from operations
(27,226
)
(158,519
)
(90,177
)
(375,274
)
Interest expense
(7,852
)
(6,151
)
(14,900
)
(11,584
)
Other income (expense), net
41,943
53,075
83,000
90,290
Income (loss) before income taxes
6,865
(111,595
)
(22,077
)
(296,568
)
Provision for (benefit from) income
taxes
1,851
2,667
4,444
5,343
Net income (loss)
$
5,014
$
(114,262
)
$
(26,521
)
$
(301,911
)
Net income (loss) per share
Basic
$
0.01
$
(0.30
)
$
(0.07
)
$
(0.80
)
Diluted
$
0.01
$
(0.30
)
$
(0.07
)
$
(0.80
)
Weighted-average number of shares
outstanding used to compute net income (loss) per share
Basic
406,512
381,884
404,033
377,828
Diluted
411,969
381,884
404,033
377,828
Stock-based compensation included in
costs and expenses:
Cost of revenue
$
5,759
$
7,503
$
11,775
$
18,272
Operations and support
1,895
3,981
3,989
9,909
Research and development
27,340
49,351
57,172
142,856
Sales and marketing
4,231
7,953
8,435
19,637
General and administrative
46,513
45,138
84,465
103,635
Lyft, Inc. Condensed
Consolidated Statements of Cash Flows (in thousands)
(unaudited)
Six Months Ended June
30,
2024
2023
Cash flows from operating
activities
Net income (loss)
$
(26,521
)
$
(301,911
)
Adjustments to reconcile net income (loss)
to net cash provided by (used in) operating activities
Depreciation and amortization
70,071
55,841
Stock-based compensation
165,837
294,309
Amortization of premium on marketable
securities
157
87
Accretion of discount on marketable
securities
(43,319
)
(28,386
)
Amortization of debt discount and issuance
costs
1,755
1,374
Gain on sale and disposal of assets,
net
(4,514
)
(8,902
)
Other
1,185
(8,391
)
Changes in operating assets and
liabilities, net effects of acquisition
Prepaid expenses and other assets
12,146
18,978
Operating lease right-of-use assets
13,124
17,646
Accounts payable
39,854
(49,404
)
Insurance reserves
151,709
(107,833
)
Accrued and other liabilities
75,047
(19,091
)
Lease liabilities
(24,152
)
(8,330
)
Net cash provided by (used in) operating
activities
432,379
(144,013
)
Cash flows from investing
activities
Purchases of marketable securities
(2,102,390
)
(1,192,689
)
Purchases of term deposits
(2,194
)
—
Proceeds from sales of marketable
securities
91,712
294,115
Proceeds from maturities of marketable
securities
1,693,080
1,772,926
Proceeds from maturities of term
deposits
3,539
5,000
Purchases of property and equipment and
scooter fleet
(48,905
)
(88,975
)
Cash paid for acquisitions, net of cash
acquired
—
1,630
Sales of property and equipment
46,888
48,843
Other
1,113
—
Net cash (used in) provided by investing
activities
(317,157
)
840,850
Cash flows from financing
activities
Repayment of loans
(40,985
)
(48,451
)
Proceeds from issuance of convertible
senior notes
460,000
—
Payment of debt issuance costs
(11,888
)
—
Purchase of capped call
(47,886
)
—
Repurchase of Class A Common Stock
(50,000
)
—
Payment for settlement of convertible
senior notes due 2025
(350,000
)
—
Proceeds from exercise of stock options
and other common stock issuances
6,403
5,873
Taxes paid related to net share settlement
of equity awards
(8,898
)
(1,827
)
Principal payments on finance lease
obligations
(23,629
)
(24,852
)
Contingent consideration paid
—
(14,100
)
Net cash used in financing activities
(66,883
)
(83,357
)
Effect of foreign exchange on cash, cash
equivalents and restricted cash and cash equivalents
(501
)
345
Net (decrease) increase in cash, cash
equivalents and restricted cash and cash equivalents
47,838
613,825
Cash, cash equivalents and restricted
cash and cash equivalents
Beginning of period
771,786
391,822
End of period
$
819,624
$
1,005,647
Lyft, Inc. Condensed
Consolidated Statements of Cash Flows (in thousands)
(unaudited)
Six Months Ended June
30,
2024
2023
Reconciliation of cash, cash
equivalents and restricted cash and cash equivalents to the
consolidated balance sheets
Cash and cash equivalents
$
604,357
$
638,434
Restricted cash and cash equivalents
213,903
365,849
Restricted cash, included in prepaid
expenses and other current assets
1,364
1,364
Total cash, cash equivalents and
restricted cash and cash equivalents
$
819,624
$
1,005,647
Non-cash investing and financing
activities
Financed vehicles acquired
$
84,418
$
119,645
Purchases of property and equipment and
scooter fleet not yet settled
12,195
13,362
Right-of-use assets acquired under finance
leases
32,775
34,729
Right-of-use assets acquired under
operating leases
3,407
3,100
Remeasurement of finance and operating
lease right of use assets
(7,600
)
(2,242
)
Lyft, Inc. GAAP to Non-GAAP
Reconciliations (in millions) (unaudited)
Three Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Adjusted EBITDA
Net income (loss)
$
5.0
$
(31.5
)
$
(114.3
)
Adjusted to exclude the following:
Interest expense(1)
9.4
8.5
6.9
Other (income) expense, net
(41.9
)
(41.1
)
(53.1
)
Provision for (benefit from) income
taxes
1.9
2.6
2.7
Depreciation and amortization
37.7
32.4
28.6
Stock-based compensation
85.7
80.1
113.9
Payroll tax expense related to stock-based
compensation
4.2
7.4
2.7
Sublease income
1.0
1.1
1.3
Restructuring charges(2)
—
—
52.3
Adjusted EBITDA
$
102.9
$
59.4
$
41.0
Gross Bookings
$
4,018.9
$
3,693.2
$
3,446.0
Net income (loss) as a percentage of Gross
Bookings
0.1
%
(0.9
)%
(3.3
)%
Adjusted EBITDA margin (calculated as a
percentage of Gross Bookings)
2.6
%
1.6
%
1.2
%
_______________
(1)
Includes $1.5 million, $1.4 million and
$0.7 million related to the interest component of vehicle related
finance leases in the three months ended June 30, 2024, March 31,
2024 and June 30, 2023, respectively.
(2)
In the second quarter of 2023, we incurred
restructuring charges of $46.6 million of severance and other
employee costs and $5.7 million in impairment charges, fixed asset
write-offs and other costs. Restructuring related charges for
stock-based compensation of $9.7 million, accelerated depreciation
of $0.7 million and payroll tax expense related to stock-based
compensation of $0.6 million are included on their respective line
items. These charges were related to the restructuring plan
announced in April 2023.
Note: Due to rounding, numbers
presented may not add up precisely to the totals provided.
Three Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Adjusted Net Income (Loss)
Net income (loss)
$
5.0
$
(31.5
)
$
(114.3
)
Adjusted to exclude the following:
Amortization of intangible assets
4.0
4.1
4.2
Stock-based compensation expense
85.7
80.1
113.9
Payroll tax expense related to stock-based
compensation
4.2
7.4
2.7
Restructuring charges(1)
—
—
52.9
Adjusted Net Income (Loss)
$
98.9
$
60.0
$
59.5
_______________
(1)
In the second quarter of 2023, we incurred
restructuring charges of $46.6 million of severance and other
employee costs, $5.7 million in impairment charges, fixed asset
write-offs and other costs and $0.7 million of accelerated
depreciation. Restructuring related charges for stock-based
compensation of $9.7 million and payroll tax expense related to
stock-based compensation of $0.6 million are included on their
respective line items. These charges were related to the
restructuring plan announced in April 2023.
Note: Due to rounding, numbers
presented may not add up precisely to the totals provided.
Twelve Months Ended
Three Months Ended
Jun. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Free cash flow
Net cash provided by (used in) operating
activities
$
478.2
$
276.2
$
156.2
$
43.5
$
2.3
$
(70.0
)
Less: purchases of property and equipment
and scooter fleet
(109.8
)
(19.8
)
(29.1
)
(28.6
)
(32.3
)
(42.2
)
Free cash flow
$
368.4
$
256.4
$
127.1
$
14.9
$
(30.0
)
$
(112.2
)
_______________
Note: Due to rounding, numbers presented
may not add up precisely to the totals provided.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240807707940/en/
Aurélien Nolf, Investor Relations investor@lyft.com
Stephanie Rice, Media press@lyft.com
Lyft (NASDAQ:LYFT)
過去 株価チャート
から 7 2024 まで 8 2024
Lyft (NASDAQ:LYFT)
過去 株価チャート
から 8 2023 まで 8 2024