Lyft Inc
For the period ended Dec 31, 2023. Filed Feb 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 20, 2024
LYFT$17.02+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities | |||
| Net loss | $(340,320) | $(1,584,511) | $(1,062,144) |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation and amortization | 116,513 | 154,798 | 139,347 |
| Stock-based compensation | 484,533 | 750,767 | 724,560 |
| Amortization of premium on marketable securities | 117 | 2,955 | 4,100 |
| Accretion of discount on marketable securities | (68,125) | (23,245) | (1,513) |
| Amortization of debt discount and issuance costs | 2,877 | 2,823 | 35,575 |
| (Gain) loss on sale and disposal of assets, net | (11,278) | (60,655) | 5,538 |
| Gain on divestiture | — | — | (119,284) |
| Impairment of non-marketable equity security | — | 135,714 | — |
| Other | (4,261) | 23,592 | 3,321 |
| Changes in operating assets and liabilities, net effects of acquisition | |||
| Prepaid expenses and other assets | (86,922) | (275,945) | (207,046) |
| Operating lease right-of-use assets | 20,046 | 96,317 | 61,301 |
| Accounts payable | (41,079) | (27,215) | 47,080 |
| Insurance reserves | (79,482) | 348,721 | 81,564 |
| Accrued and other liabilities | (75,571) | 262,358 | 234,212 |
| Lease liabilities | (15,292) | (43,759) | (48,332) |
| Net cash used in operating activities | (98,244) | (237,285) | (101,721) |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (3,288,659) | (4,049,515) | (3,801,736) |
| Purchase of non-marketable security | — | — | (5,000) |
| Purchases of term deposits | (3,539) | (13,586) | (458,021) |
| Proceeds from sales of marketable securities | 452,465 | 676,854 | 513,009 |
| Proceeds from maturities of marketable securities | 3,481,042 | 3,308,664 | 3,259,221 |
| Proceeds from maturities of term deposits | 8,539 | 395,092 | 675,481 |
| Purchases of property and equipment and scooter fleet | (149,819) | (114,970) | (79,176) |
| Cash paid for acquisitions, net of cash acquired | 1,630 | (146,334) | 3 |
| Sales of property and equipment | 92,594 | 129,840 | 42,543 |
| Proceeds from divestiture | — | — | 122,688 |
| Other | 5,500 | — | (2,000) |
| Net cash provided by investing activities | 599,753 | 186,045 | 267,012 |
| Cash flows from financing activities | |||
| Repayment of loans | (72,484) | (67,639) | (44,446) |
| Proceeds from exercise of stock options and other common stock issuances | 10,993 | 21,655 | 33,822 |
| Taxes paid related to net share settlement of equity awards | (3,021) | (6,733) | (26,297) |
| Principal payments on finance lease obligations | (43,466) | (34,783) | (35,547) |
| Contingent consideration paid | (14,100) | — | — |
| Other | — | — | (2) |
| Net cash used in financing activities | (122,078) | (87,500) | (72,470) |
| Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents | 533 | (631) | (113) |
| Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents | 379,964 | (139,371) | 92,708 |
| Cash, cash equivalents and restricted cash and cash equivalents | |||
| Beginning of period | 391,822 | 531,193 | 438,485 |
| End of period | $771,786 | $391,822 | $531,193 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Reconciliation of cash, cash equivalents and restricted cash and cash equivalents to the consolidated balance sheets | |||
| Cash and cash equivalents | $558,636 | $281,090 | $457,325 |
| Restricted cash and cash equivalents | 211,786 | 109,368 | 73,205 |
| Restricted cash, included in prepaid expenses and other current assets | 1,364 | 1,364 | 663 |
| Total cash, cash equivalents and restricted cash and cash equivalents | $771,786 | $391,822 | $531,193 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for income taxes | $9,425 | $10,723 | $5,865 |
| Cash paid for interest | 20,176 | 16,752 | 16,521 |
| Non-cash investing and financing activities | |||
| Financed vehicles acquired | $127,095 | $48,104 | $56,830 |
| Purchases of property and equipment, and scooter fleet not yet settled | 4,505 | 31,534 | 12,214 |
| Contingent consideration | — | 15,000 | — |
| Right-of-use assets acquired under finance leases | 79,102 | 11,428 | 26,640 |
| Right-of-use assets acquired under operating leases | 3,795 | 498 | 7,148 |
| Remeasurement of finance and operating lease right of use assets | (10,582) | (321) | 58 |
| Purchase of non-marketable securities | — | — | 64,756 |
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