Lyft Inc
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
View on SEC.govAbout this filing
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.
FY2024 · Filed Feb 14, 2025
LYFT$17.02+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net income (loss) | $22,784 | $(340,320) | $(1,584,511) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | |||
| Depreciation and amortization | 148,892 | 116,513 | 154,798 |
| Stock-based compensation | 330,921 | 484,533 | 750,767 |
| Amortization of premium on marketable securities | 284 | 117 | 2,955 |
| Accretion of discount on marketable securities | (89,425) | (68,125) | (23,245) |
| Amortization of debt discount and issuance costs | 3,737 | 2,877 | 2,823 |
| (Gain) loss on sale and disposal of assets, net | 7,831 | (11,278) | (60,655) |
| Gain on lease termination | (29,610) | — | — |
| Impairment of non-marketable equity security | — | — | 135,714 |
| Other | 2,469 | (4,261) | 23,592 |
| Changes in operating assets and liabilities, net effects of acquisition | |||
| Prepaid expenses and other assets | (76,359) | (86,922) | (275,945) |
| Operating lease right-of-use assets | 26,276 | 20,046 | 96,317 |
| Accounts payable | 21,712 | (41,079) | (27,215) |
| Insurance reserves | 363,524 | (79,482) | 348,721 |
| Accrued and other liabilities | 164,057 | (75,571) | 262,358 |
| Lease liabilities | (47,356) | (15,292) | (43,759) |
| Net cash provided by (used in) operating activities | 849,737 | (98,244) | (237,285) |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (4,177,429) | (3,288,659) | (4,049,515) |
| Purchases of term deposits | (4,388) | (3,539) | (13,586) |
| Proceeds from sales of marketable securities | 232,910 | 452,465 | 676,854 |
| Proceeds from maturities of marketable securities | 3,415,318 | 3,481,042 | 3,308,664 |
| Proceeds from maturities of term deposits | 5,733 | 8,539 | 395,092 |
| Purchases of property and equipment and scooter fleet | (83,470) | (149,819) | (114,970) |
| Cash paid for acquisitions, net of cash acquired | — | 1,630 | (146,334) |
| Sales of property and equipment | 92,045 | 92,594 | 129,840 |
| Other | 1,303 | 5,500 | — |
| Net cash (used in) provided by investing activities | (517,978) | 599,753 | 186,045 |
| Cash flows from financing activities | |||
| Repayment of loans | (84,070) | (72,484) | (67,639) |
| 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 | 15,051 | 10,993 | 21,655 |
| Taxes paid related to net share settlement of equity awards | (40,328) | (3,021) | (6,733) |
| Principal payments on finance lease obligations | (46,748) | (43,466) | (34,783) |
| Contingent consideration paid | — | (14,100) | — |
| Net cash used in financing activities | (155,869) | (122,078) | (87,500) |
| Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents | (1,636) | 533 | (631) |
| Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents | 174,254 | 379,964 | (139,371) |
| Cash, cash equivalents and restricted cash and cash equivalents | |||
| Beginning of period | 771,786 | 391,822 | 531,193 |
| End of period | $946,040 | $771,786 | $391,822 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Reconciliation of cash, cash equivalents and restricted cash and cash equivalents to the consolidated balance sheets | |||
| Cash and cash equivalents | $759,319 | $558,636 | $281,090 |
| Restricted cash and cash equivalents | 186,721 | 211,786 | 109,368 |
| Restricted cash, included in prepaid expenses and other current assets | — | 1,364 | 1,364 |
| Total cash, cash equivalents and restricted cash and cash equivalents | $946,040 | $771,786 | $391,822 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for income taxes | $11,207 | $9,425 | $10,723 |
| Cash paid for interest | 28,304 | 20,176 | 16,752 |
| Non-cash investing and financing activities | |||
| Financed vehicles acquired | $83,600 | $127,095 | $48,104 |
| Purchases of property and equipment and scooter fleet not yet settled | 10,599 | 4,505 | 31,534 |
| Contingent consideration | — | — | 15,000 |
| Right-of-use assets acquired under finance leases | 45,207 | 79,102 | 11,428 |
| Right-of-use assets acquired under operating leases | 7,710 | 3,795 | 498 |
| Remeasurement of finance and operating lease right of use assets | 54,689 | (10,582) | (321) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.