Lyft (LYFT) 10-K 20 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Feb. 12, 2024	Jun. 30, 2023
Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38846
Entity Registrant Name	Lyft, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8809830
Entity Address, Address Line One	185 Berry Street,
Entity Address, Address Line Two	Suite 400
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94107
City Area Code	844
Local Phone Number	250-2773
Title of 12(b) Security	Class A common stock, par value of $0.00001 per share
Trading Symbol	LYFT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 3.6
Documents Incorporated by Reference	Portions of the registrant’s Proxy Statement for the 2024 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will be filed with the Securities and Exchange Commission within 120 days of the registrant’s fiscal year ended December 31, 2023.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001759509
Class A Common Stock
Entity Information
Entity Common Stock, Shares Outstanding		391,240,004
Class B Common Stock
Entity Information
Entity Common Stock, Shares Outstanding		8,566,629

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	238
Auditor Location	San Francisco, California

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 558,636	$ 281,090
Short-term investments	1,126,548	1,515,702
Prepaid expenses and other current assets	892,235	786,067
Total current assets	2,577,419	2,582,859
Restricted cash and cash equivalents	211,786	109,368
Restricted investments	837,291	1,027,506
Other investments	39,870	26,390
Property and equipment, net	465,844	313,402
Operating lease right of use assets	98,202	135,213
Intangible assets, net	59,515	76,208
Goodwill	257,791	261,582
Other assets	16,749	23,903
Total assets	4,564,467	4,556,431
Current liabilities
Accounts payable	72,282	107,801
Insurance reserves	1,337,868	1,417,350
Accrued and other current liabilities	1,508,855	1,561,609
Operating lease liabilities — current	42,556	45,803
Total current liabilities	2,961,561	3,132,563
Operating lease liabilities	134,102	176,356
Long-term debt, net of current portion	839,362	803,207
Other liabilities	87,924	55,637
Total liabilities	4,022,949	4,167,763
Commitments and contingencies (Note 9)
Stockholders’ equity
Preferred stock, $0.00001 par value; 1,000,000,000 shares authorized as of December 31, 2023 and December 31, 2022; no shares issued and outstanding as of December 31, 2023 and December 31, 2022	0	0
Common stock, $0.00001 par value; 18,000,000,000 Class A shares authorized as of December 31, 2023 and December 31, 2022; 391,239,046 and 361,552,359 Class A shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively; 100,000,000 Class B shares authorized as of December 31, 2023 and December 31, 2022; 8,566,629 and 8,602,629 Class B shares issued and outstanding, as of December 31, 2023 and December 31, 2022	4	4
Additional paid-in capital	10,827,378	10,335,013
Accumulated other comprehensive income (loss)	(4,949)	(5,754)
Accumulated deficit	(10,280,915)	(9,940,595)
Total stockholders’ equity	541,518	388,668
Total liabilities and stockholders’ equity	$ 4,564,467	$ 4,556,431

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Preferred stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	18,000,000,000	18,000,000,000
Common stock, shares issued (in shares)	391,239,046	361,552,359
Common stock, shares outstanding (in shares)	391,239,046	361,552,359
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	8,566,629	8,602,629
Common stock, shares outstanding (in shares)	8,566,629	8,602,629

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 4,403,589	$ 4,095,135	$ 3,208,323
Costs and expenses
Cost of revenue	2,543,954	2,435,736	1,702,317
Operations and support	427,239	443,846	402,233
Research and development	555,916	856,777	911,946
Sales and marketing	481,004	531,512	411,406
General and administrative	871,080	1,286,180	915,638
Total costs and expenses	4,879,193	5,554,051	4,343,540
Loss from operations	(475,604)	(1,458,916)	(1,135,217)
Interest expense	(26,223)	(19,735)	(51,635)
Other income (expense), net	170,123	(99,988)	135,933
Loss before income taxes	(331,704)	(1,578,639)	(1,050,919)
Provision for (benefit from) income taxes	8,616	5,872	11,225
Net loss	$ (340,320)	$ (1,584,511)	$ (1,062,144)
Net loss per share, basic (in dollars per share)	$ (0.88)	$ (4.47)	$ (3.17)
Net loss per share, diluted (in dollars per share)	$ (0.88)	$ (4.47)	$ (3.17)
Weighted-average number of shares outstanding used to compute net loss per share, basic (in shares)	385,335	354,731	334,724
Weighted-average number of shares outstanding used to compute net loss per share, diluted (in shares)	385,335	354,731	334,724

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	$ 484,533	$ 750,767	$ 724,560
Cost of revenue
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	30,170	44,132	39,491
Operation and support
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	15,468	25,442	24,083
Research and development
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	214,160	391,983	414,324
Sales and marketing
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	29,682	49,867	38,243
General and administrative
Stock-based compensation included in costs and expenses:
Stock-based compensation expense	$ 195,053	$ 239,343	$ 208,419

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (340,320)	$ (1,584,511)	$ (1,062,144)
Other comprehensive income (loss)
Foreign currency translation adjustment	(2,851)	(1,154)	(931)
Unrealized gain (loss) on marketable securities, net of taxes	3,656	(2,089)	(1,107)
Other comprehensive income (loss)	805	(3,243)	(2,038)
Comprehensive loss	$ (339,515)	$ (1,587,754)	$ (1,064,182)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders’ Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Class A and Class B Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjustment	Accumulated Deficit	Accumulated Deficit Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2020	$ 1,676,163		$ 3	$ 8,977,061		$ (7,300,428)		$ (473)
Beginning balance (in shares) at Dec. 31, 2020			323,737
Increase (Decrease) in Stockholders' Equity
Issuance of common stock upon exercise of stock options	5,184			5,184
Issuance of common stock upon exercise of stock options (in shares)			812
Issuance of common stock upon settlement of restricted stock units (in shares)			19,926
Shares withheld related to net share settlement	(26,298)			(26,298)
Shares withheld related to net share settlement (in shares)			(509)
Issuance of common stock under employee stock purchase plan	28,637			28,637
Issuance of common stock under employee stock purchase plan (in shares)			972
Settlement of convertible senior notes	(1)			(1)
Stock-based compensation	721,710			721,710
Other comprehensive income (loss)	(2,038)							(2,038)
Net loss	(1,062,144)					(1,062,144)
Ending balance (in shares) at Dec. 31, 2021			344,938
Ending balance at Dec. 31, 2021	$ 1,341,213	$ (133,470)	$ 3	9,706,293	$ (139,958)	(8,362,572)	$ 6,488	(2,511)
Increase (Decrease) in Stockholders' Equity
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Issuance of common stock upon exercise of stock options	$ 454			454
Issuance of common stock upon exercise of stock options (in shares)			112
Issuance of common stock upon settlement of restricted stock units	1		$ 1
Issuance of common stock upon settlement of restricted stock units (in shares)			23,928
Shares withheld related to net share settlement	(6,733)			(6,733)
Shares withheld related to net share settlement (in shares)			(358)
Issuance of common stock under employee stock purchase plan	21,198			21,198
Issuance of common stock under employee stock purchase plan (in shares)			1,535
Stock-based compensation	753,619			753,619
Other comprehensive income (loss)	(3,243)							(3,243)
Net loss	(1,584,511)					(1,584,511)
Other	140			140
Ending balance (in shares) at Dec. 31, 2022			370,155
Ending balance at Dec. 31, 2022	388,668		$ 4	10,335,013		(9,940,595)		(5,754)
Increase (Decrease) in Stockholders' Equity
Issuance of common stock upon exercise of stock options	$ 1,204			1,204
Issuance of common stock upon exercise of stock options (in shares)	201		201
Issuance of common stock upon settlement of restricted stock units	$ 0
Issuance of common stock upon settlement of restricted stock units (in shares)			28,397
Shares withheld related to net share settlement	(3,021)			(3,021)
Shares withheld related to net share settlement (in shares)			(296)
Issuance of common stock under employee stock purchase plan	9,788			9,788
Issuance of common stock under employee stock purchase plan (in shares)			1,349
Stock-based compensation	484,533			484,533
Other comprehensive income (loss)	805							805
Net loss	(340,320)					(340,320)
Other	(139)			(139)
Ending balance (in shares) at Dec. 31, 2023			399,806
Ending balance at Dec. 31, 2023	$ 541,518		$ 4	$ 10,827,378		$ (10,280,915)		$ (4,949)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 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	0	0	(119,284)
Impairment of non-marketable equity security	0	135,714	0
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	0	0	(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	0	0	122,688
Other	5,500	0	(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)	0	0
Other	0	0	(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
Beginning of period	391,822	531,193	438,485
End of period	771,786	391,822	531,193
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	0	15,000	0
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	$ 0	$ 0	$ 64,756

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Organization and Description of Business Lyft, Inc. (the “Company” or “Lyft”) is incorporated in Delaware with its headquarters in San Francisco, California. The Company operates multimodal transportation networks in the United States and Canada that offer access to a variety of transportation options through the Company’s platform and mobile-based applications. This network enables multiple modes of transportation including the facilitation of peer-to-peer ridesharing by connecting drivers who have a vehicle with riders who need a ride. The Lyft Platform provides a marketplace where drivers can be matched with riders via the Lyft App where the Company operates as a transportation network company (“TNC”). Transportation options through the Company’s platform and mobile-based applications are substantially comprised of its ridesharing marketplace that connects drivers and riders in cities across the United States and in select cities in Canada, Lyft’s network of bikes and scooters (“Light Vehicles”), and the Express Drive program, where drivers can enter into short-term rental agreements with the Company’s wholly-owned subsidiary, Flexdrive Services, LLC (“Flexdrive”) or a third party for vehicles that may be used to provide ridesharing services on the Lyft Platform. In addition, the Company makes the ridesharing marketplace available to organizations through Lyft Business offerings, such as the Concierge and Lyft Pass programs, and generates revenue from licensing and data access agreements associated with the data from the Company's platform, subscription fees, revenue from bikes and bike station hardware and software sales and revenue from arrangements to provide advertising services. Basis of Presentation These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. The Company uses the U.S. dollar predominantly as the functional currency of its foreign subsidiaries. For foreign subsidiaries where the U.S. dollar is the functional currency, gains and losses from remeasurement of foreign currency balances into U.S. dollars are included on the consolidated statements of operations. For the foreign subsidiary where the local currency is the functional currency, translation adjustments of foreign currency financial statements into U.S. dollars are recorded to a separate component of accumulated other comprehensive loss.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting periods. The Company bases its estimates on various factors and information which may include, but are not limited to, history and prior experience, expected future results, new related events and economic conditions, which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from those estimates. Significant items subject to estimates and assumptions include those related to losses resulting from insurance claims inclusive of insurance-related accruals, fair value of financial assets and liabilities, goodwill and identifiable intangible assets, leases, indirect tax obligations, legal contingencies, valuation allowance for deferred income taxes, and the valuation of stock-based compensation. Segment Information Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is the Company’s CODM. The CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. As such, the Company has determined that it operates as one operating segment. During the years ended December 31, 2023, 2022 and 2021, the Company did not generate material international revenues and as of December 31, 2023, 2022 and 2021, the Company did not have material assets located outside of the United States. Revenue Recognition The Company generates its revenue from its multimodal transportation networks that offer access to a variety of transportation options through the Lyft Platform and mobile-based applications. Substantially all, or approximately 85% or more, of the Company’s revenue is generated from its ridesharing marketplace that connects drivers and riders and is recognized in accordance with Accounting Standards Codification Topic 606 (“ASC 606”). In addition, the Company generates revenue in accordance with ASC 606 from licensing and data access, subscription fees, revenue from bikes and bike station hardware and software sales and revenue from arrangements to provide advertising services to third parties, which are not significant components of the Company’s consolidated revenues. The Company also generates rental revenue from Flexdrive and its network of Light Vehicles, which is recognized in accordance with Accounting Standards Codification Topic 842 (“ASC 842”). The table below presents the Company's revenues as included on the consolidated statements of operations (in thousands): Year Ended December 31, 2023 2022 2021 Revenue from contracts with customers (ASC 606) $ 4,116,216 $ 3,811,993 $ 2,957,979 Rental revenue (ASC 842) 287,373 283,142 250,344 Total revenue $ 4,403,589 $ 4,095,135 $ 3,208,323 Revenue from Contracts with Customers (ASC 606) The Company recognizes revenue for its rideshare marketplace in accordance with ASC 606. The Company generates revenue from service fees and commissions (collectively, “fees”) paid by drivers for use of the Lyft Platform and related activities to connect drivers with riders to facilitate and successfully complete rides via the Lyft App where the Company operates as a TNC. The Company recognizes revenue upon completion of each ride. Drivers enter into terms of service (“ToS”) with the Company in order to use the Lyft Driver App. Under the ToS, drivers agree that the Company retains the applicable fee as consideration for their use of the Lyft Platform and related activities from the fare and related charges it collects from riders on behalf of drivers. The Company is acting as an agent in facilitating the ability of a driver to provide a transportation service to a rider. The Company reports revenue on a net basis, reflecting the fee owed to the Company from a driver as revenue, and not the gross amount collected from the rider. As the Company’s customary business practice, a contract exists between the driver and the Company when the driver’s ability to cancel the ride lapses, which typically is upon pickup of the rider. The Company’s single performance obligation in the transaction is to connect drivers with riders to facilitate the completion of a successful transportation service for riders. The Company recognizes revenue upon completion of a ride as its performance obligation is satisfied upon the completion of the ride. The Company collects the fare and related charges from riders on behalf of drivers using the rider’s pre-authorized credit card or other payment mechanism and retains its fees before making the remaining disbursement to drivers; thus the driver’s ability and intent to pay is not subject to significant judgment. The Company recognizes revenue from subscription fees paid to access transportation options through the Lyft Platform and mobile-based applications over the applicable subscription period in accordance with ASC 606. The Company also recognizes revenue from bikes, bike station hardware and software sales when control is transferred to the customer in accordance with ASC 606. The Company generates revenue from licensing and data access agreements. The Company is primarily responsible for fulfilling its promise to provide rideshare data and access to Flexdrive vehicles and bears the fulfillment risk, and the responsibility of providing the data, over the license period. The Company is acting as a principal in delivering the data and access licenses and presents revenue on a gross basis. Consideration allocated to each performance obligation, the data delivery and vehicle access, is determined by assigning the relative fair value to each of the performance obligations. Revenue is recorded upon delivery of the rideshare data and ratably over the quarter for access to fleet vehicles as the Company’s respective performance obligation is satisfied upon the delivery of each. These revenues are not material to the Company’s consolidated revenue. The Company has arrangements to provide advertising services to third parties that are interested in reaching users of the Company’s platform. These arrangements generally require the Company to provide advertising services over a fixed period of time for which revenue is recognized ratably over the contractual period. These revenues are not significant to the Company’s consolidated revenue. Rental Revenue (ASC 842) The Company generates rental revenues primarily from Flexdrive and its network of Light Vehicles. Rental revenues are recognized for rental and rental related activities where an identified asset is transferred to the customer and the customer has the ability to control that asset in accordance with ASC 842. The Company operates a fleet of rental vehicles through its independently managed subsidiary, Flexdrive, comprised of both owned vehicles and vehicles leased from third-party leasing companies. The Company either leases or subleases vehicles to drivers, and as a result, the Company considers itself to be the accounting lessor or sublessor, as applicable, in these arrangements in accordance with ASC 842. Fleet operating costs include monthly fixed lease payments and other vehicle operating or ownership costs, as applicable. For vehicles that are subleased, sublease income and head lease expense for these transactions are recognized on a gross basis on the consolidated financial statements. Drivers who rent vehicles are charged rental fees, which the Company collects from the driver by deducting such amounts from the driver’s earnings on the Lyft Platform. The Company owns and operates its Light Vehicles in some cities and operates city-owned Light Vehicles in other cities. Though the specific terms of arrangements with cities vary, the Company earns operations fees from cities or shares revenue generated by the systems with cities. Light Vehicle revenue is accounted for under ASC 842 for single-use rides. A single-use ride allows the user to select a specific Light Vehicle at the time the arrangement is entered into and provides the user the right to control the selected Light Vehicle for the desired term of the arrangement. Due to the short-term nature of the Flexdrive and Light Vehicle transactions, the Company classifies these rentals as operating leases. Revenue generated from single-use ride fees paid by Light Vehicle riders is recognized upon completion of each related ride. Revenue generated from Flexdrive is recognized evenly over the rental period, which is typically seven days or less. Enterprise and Trade Receivables The Company collects any fees owed for completed transactions on the Lyft Platform primarily from the rider’s authorized payment method. Uncollected fees are included in prepaid expenses and other current assets on the consolidated balance sheets and represent receivables from (i) participants in the Company’s enterprise programs (“Enterprise Users”), where the transactions have been completed and the amounts owed from the Enterprise Users have either been invoiced or are unbilled as of the reporting date; and (ii) riders where the authorized payment method is a credit card but the fare amounts have not yet settled with third-party payment processors. Under the ToS, drivers agree that the Company retains the applicable fee as consideration for their use of the Lyft Platform and related activities from the fare and related charges it collects from riders on behalf of drivers. Accordingly, the Company has no trade receivables from drivers. The portion of the fare receivable to be remitted to drivers is included in accrued and other current liabilities on the consolidated balance sheets. The Company records an allowance for credit losses for fees owed for completed transactions that may never settle or be collected in accordance with Accounting Standards Update No. 2016-13 “Financial Instruments—Credit Losses”. The allowance for credit losses reflects the Company’s current estimate of expected credit losses inherent in the enterprise and trade receivables balance. In determining the expected credit losses, the Company considers its historical loss experience, the aging of its receivable balance, current economic and business conditions, and anticipated future economic events that may impact collectability. The Company reviews its allowance for credit losses periodically and as needed, and amounts are written off when determined to be uncollectible. The Company’s receivable balance, which consists primarily of amounts due from Enterprise Users and Light Vehicle partners, was $315.0 million, $278.9 million and $196.2 million as of December 31, 2023, 2022 and 2021, respectively. The following table provides a rollforward of the Company’s allowance for credit losses for the periods presented (in millions): Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 11.6 $ 9.3 $ 15.2 Changes to provision (0.4) 1.9 (4.5) Write-offs and recoveries (1.4) 0.4 (1.4) Balance at end of period $ 9.8 $ 11.6 $ 9.3 Incentive Programs The Company offers incentives to attract drivers, riders and Light Vehicle riders to use the Lyft Platform. Drivers generally receive cash incentives while riders and Light Vehicle riders generally receive free or discounted rides under such incentive programs. Incentives provided to drivers and Light Vehicle riders, the customers of the Company, are accounted for as a reduction of the transaction price. As the riders are not the Company’s customers, incentives provided to riders are generally recognized as sales and marketing expense except for certain pricing programs described below. Driver Incentives The Company offers various incentive programs to drivers, including minimum guaranteed payments, volume-based discounts and performance-based bonus payments. These driver incentives are similar to retrospective volume-based rebates and represent variable consideration that is typically settled within a week. The Company reduces the transaction price by the estimated amount of the incentives expected to be paid upon completion of the performance criteria by applying the most likely outcome method. Therefore, such driver incentives are recorded as a reduction to revenue. Driver incentives are recorded as a reduction to revenue if the Company does not receive a distinct good or service in exchange for the payment or cannot reasonably estimate the fair value of the good or service received. Driver incentives for referring new drivers or riders are accounted for as sales and marketing expense. The amount recorded as an expense is the lesser of the amount of the payment or the established fair value of the benefit received. The fair value of the benefit is established using amounts paid to third parties for similar services. Rideshare Rider Incentives The Company has several rideshare rider incentive programs, which are offered to encourage rider activity on the Lyft Platform. Generally, the rider incentive programs are as follows: (i) Market-wide marketing promotions. Market-wide promotions reduce the fare charged by drivers to riders for all or substantially all rides in a specific market. This type of incentive effectively reduces the overall pricing of the service provided by drivers for that specific market and the gross fare charged by the driver to the rider, and thereby results in a lower fee earned by the Company. Accordingly, the Company records this type of incentive as a reduction to revenue at the date it records the corresponding revenue transaction. (ii) Targeted marketing promotions. Targeted marketing promotions are used to promote the use of the Lyft Platform to a targeted group of riders. An example is a promotion where the Company offers a number of discounted rides (capped at a given number of rides) which are valid only during a limited period of time to a targeted group of riders. The Company believes that the incentives that provide consideration to riders to be applied to a limited number of rides are similar to marketing coupons. These incentives differ from the market-wide marketing promotions because they do not reduce the overall pricing of the service provided by drivers for a specific market. During the promotion period, riders not utilizing an incentive would be charged the full fare. These incentives represent marketing costs. When a rider redeems the incentive, the Company recognizes revenue equal to the transaction price and the cost of the incentive is recorded as sales and marketing expense. (iii) Rider referral programs. Under the rider referral program, the referring rider (the referrer) earns referral coupons when a new rider (the referee) completes their first ride on the Lyft Platform. The Company records the incentive as a liability at the time the incentive is earned by the referrer with the corresponding charge recorded to sales and marketing expense. Referral coupons typically expire within one year. The Company estimates breakage using its historical experience. As of December 31, 2023 and 2022, the rider referral coupon liability was not material. Light Vehicle Rider Incentives Incentives offered to Light Vehicle riders were not material for the years ended December 31, 2023, 2022 and 2021. For the years ended December 31, 2023, 2022 and 2021, in relation to the driver, rider and Light Vehicle riders incentive programs, the Company recorded $1.1 billion, $1.4 billion and $1.3 billion as a reduction to revenue and $142.5 million, $109.8 million and $64.7 million as sales and marketing expense, respectively. Refunds From time to time the Company issues credits or refunds to riders unsatisfied by the level of service provided by the driver. There is no legal obligation to remunerate such riders nor does the Company issue such credits or refunds to riders on behalf of the drivers. The Company accounts for credits or refunds, which are not recoverable from the drivers as sales and marketing expenses when incurred. For the years ended December 31, 2023, 2022 and 2021, rider refunds were $19.7 million, $21.5 million and $19.1 million, respectively. The Company accounts for credits and refunds issued to Light Vehicle riders as cost of revenue and was $6.2 million, $7.8 million and $6.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. Cost of Revenue Cost of revenue consists of costs directly related to revenue generating transactions through the Company’s multimodal platform which primarily includes insurance costs, payment processing charges, and other costs. Insurance costs consist of insurance generally required under TNC and city regulations for ridesharing and bike and scooter rentals and also includes occupational hazard insurance for drivers. Payment processing charges include merchant fees, chargebacks and failed charges. Other costs included in cost of revenue are hosting and platform-related technology costs, vehicle lease expenses, personnel-related compensation costs, depreciation, amortization of technology-related intangible assets, asset write-off charges, and gains and losses related to the sale of vehicles. Operations and Support Operations and support expenses primarily consist of personnel-related compensation costs of local operations teams and teams who provide phone, email and chat support to users, bike and scooter fleet operations support costs, driver background checks and onboarding costs, facility cost, certain car rental fleet support costs, and fees paid to third-parties providing operations support. Bike and scooter fleet operations support costs include general repairs and maintenance, and other customer support activities related to repositioning bikes and scooters for rider convenience, cleaning and safety checks. Research and Development Research and development expenses primarily consist of personnel-related compensation costs and facilities costs. Such expenses include costs related to the Company’s autonomous vehicle technology initiatives. Research and development costs are expensed as incurred. Sales and Marketing Sales and marketing expenses primarily consist of rider incentives, personnel-related compensation costs, driver incentives for referring new drivers or riders, advertising expenses, rider refunds and marketing partnerships with third parties. Sales and marketing costs are expensed as incurred. Advertising expenses were $122.0 million, $162.1 million and $145.4 million, respectively, for the years ended December 31, 2023, 2022 and 2021. General and Administrative General and administrative expenses primarily consist of personnel-related compensation costs, professional services fees, certain insurance costs that are generally not required under TNC regulations, certain loss contingency expenses including legal accruals and settlements, insurance claims administrative fees, policy spend, depreciation, facility costs, and other corporate costs. General and administrative expenses are expensed as incurred. Stock-Based Compensation The Company incurs stock-based compensation expense primarily from RSUs, PSUs, stock options, and ESPP purchase rights. The Company estimates the fair value of stock options granted to employees, directors, and consultants and ESPP purchase rights using the Black-Scholes option-pricing model. The Black-Scholes model considers several variables and assumptions in estimating the fair value of stock-based awards. These variables include: • per share fair value of the underlying common stock; • exercise price; • expected term; • risk-free interest rate; • expected annual dividend yield; and • expected stock price volatility over the expected term. The Company estimates the expected term for stock options using the simplified method for “plain vanilla” stock option awards. The expected term of the ESPP purchase rights is estimated using the period from the beginning of the offering period to the end of each purchase period. Since the Company has limited history as a public company and does not yet have sufficient trading history for the Company's common stock, the Company estimates volatility for stock options and ESPP purchase rights using the historical volatility of the stock price of similar publicly traded peer companies. The risk-free interest rate is based on the yield available on U.S. Treasury zero-coupon issues similar in duration to the expected term of the stock options or ESPP purchase rights granted. The fair value of stock options that are expected to vest is recognized as compensation expense on a straight-line basis over the requisite service period. The Company recognizes compensation expense related to the ESPP purchase rights on a straight-line basis over the offering period, which is typically 12 months. The fair value of RSUs and PSUs is estimated based on the fair market value of the Company’s common stock on the date of grant, which is determined based on the closing price of the Company’s Class A common stock as reported on the date of grant. Compensation expense for RSUs is generally recognized based on a straight-line basis over the requisite service period. Stock-based compensation expense is based on awards ultimately expected to vest and reflects estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates. Income Taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are recorded based on the estimated future tax effects of differences between the financial statement and income tax basis of existing assets and liabilities. These differences are measured using the enacted statutory tax rates that are expected to apply to taxable income for the years in which differences are expected to reverse. The Company recognizes the effect on deferred income taxes of a change in tax rates in the period that includes the enactment date. The Company records a valuation allowance to reduce its deferred tax assets to the net amount that it believes is more-likely-than-not to be realized. Management considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income and ongoing tax planning strategies in assessing the need for a valuation allowance. Under the provisions of ASC 740-10, Income Taxes, the Company evaluates uncertain tax positions by reviewing against applicable tax law for all positions taken by the Company with respect to tax years for which the statute of limitations is still open. ASC 740-10 provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. The Company recognizes interest and penalties related to the liability for unrecognized tax benefits, if any, as a component of the income tax expense line in the accompanying consolidated statement of operations. Business Combinations The Company accounts for its business combinations using the acquisition method of accounting, which requires, among other things, allocation of the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed at their estimated fair values on the acquisition date. The excess of the fair value of purchase consideration over the values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair value of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, not to exceed one year from the date of acquisition, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill if new information is obtained related to facts and circumstances that existed as of the acquisition date. After the measurement period, any subsequent adjustments are reflected on the consolidated statements of operations and comprehensive loss. Acquisition costs, such as legal and consulting fees, are expensed as incurred. Cash and Cash Equivalents Cash equivalents consist of institutional money market funds and certificates of deposits denominated in U.S. dollars as well as commercial paper and corporate bonds. Cash equivalents are highly liquid, short-term investments having an original maturity of 90 days or less that are readily convertible to known amounts of cash. Also included in cash and cash equivalents are cash in transit from payment processors for credit and debit card transactions. Restricted Cash and Cash Equivalents Restricted cash and cash equivalents consist primarily of amounts held in separate trust accounts and restricted bank accounts as collateral for insurance purposes and amounts pledged to secure certain letters of credit. Investments Debt Securities The Company’s accounting for its investments in debt securities is based on the legal form of the security, the Company’s intended holding period for the security, and the nature of the transaction. Investments in debt securities include commercial paper, certificates of deposit, corporate bonds and U.S. government securities. Investments in debt securities are classified as available-for-sale and are recorded at fair value. The Company considers an available-for-sale debt security to be impaired if the fair value of the investment is less than its amortized cost basis. The entire difference between the amortized cost basis and the fair value of the Company’s available-for-sale debt securities is recognized on the consolidated statements of operations as an impairment if, (i) the fair value of the security is below its amortized cost and (ii) the Company intends to sell or is more likely than not required to sell the security before recovery of its amortized cost basis. If neither criterion is met, the Company evaluates whether the decline in fair value is due to credit losses or other factors. In making this assessment, the Company considers the extent to which the security’s fair value is less than amortized cost, changes to the rating of the security by third-party rating agencies, and adverse conditions specific to the security, among other factors. If the Company's assessment indicates that a credit loss exists, the credit loss is measured based on the Company's best estimate of the cash flows expected to be collected. When developing its estimate of cash flows expected to be collected, the Company considers all available information relevant to the collectability of the security, including past events, current conditions, and reasonable and supportable forecasts. Credit loss impairments are recognized through an allowance for credit losses adjustment to the amortized cost basis of the debt securities on the balance sheet with an offsetting credit loss expense on the consolidated statements of operations. Impairments related to factors other than credit losses are recognized as an adjustment to the amortized cost basis of the security and an offsetting amount in accumulated other comprehensive income (loss), net of tax. As of December 31, 2023, the Company had not recorded any credit impairments. The Company determines realized gains or losses on the sale of debt securities on a specific identification method. The Company's investments in debt securities include: (i) Cash and cash equivalents. Cash equivalents include certificates of deposits, commercial paper and corporate bonds that have an original maturity of 90 days or less and are readily convertible to known amounts of cash. (ii) Short-term investments. Short-term investments are comprised of commercial paper, certificates of deposit, and corporate bonds, which mature in twelve months or less. As a result, the Company classifies these investments as current assets in the accompanying consolidated balance sheets. (iii) Restricted investments. Restricted investments are comprised of debt security investments in commercial paper, certificates of deposit, corporate bonds and U.S. government securities which are held in trust accounts at third-party financial institutions pursuant to certain contracts with insurance providers. Non-marketable Equity Securities The Company has elected to measure its investments in non-marketable equity securities at cost, with remeasurements to fair value only upon the occurrence of observable transactions for identical or similar investments of the same issuer or impairment. The Company qualitatively assesses whether indicators of impairment exist. Factors considered in this assessment include the investees’ financial and liquidity position, access to capital resources, and macroeconomic conditions, among others. If an impairment exists, the Company estimates the fair value of the investment by using the best information available, which may include cash flow projections or other available market data, and recognizes a loss for the amount by which the carrying value exceeds the fair value of the investment on the consolidated statements of operations. Concentrations of Credit Risk The Company’s cash, cash equivalents and short-term investments are potentially subject to concentration of credit risk. Although the Company deposits its cash with multiple financial institutions, the deposits, at times, may exceed federally insured limits. The Company has not experienced any losses on its deposits of cash and cash equivalents. Management believes that the institutions are financially stable and, accordingly, minimal credit risk exists. The Company limits purchases of debt securities to investment-grade securities. Fair Value Measurements The Company measures assets and liabilities at fair value based on an expected exit price, which represents the amount that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis, whereby inputs used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: Level 1 Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 Unobservable inputs reflecting our own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. The carrying values of the Company’s accounts payable and accrued and other liabilities approximate their respective fair values due to the short period of time to payment. Light Vehicle Fleet The Company’s Light Vehicle fleet consists of bikes and scooters. Scooters are stated at cost less accumulated depreciation and those with estimated useful lives of more than 12 months are included in property and equipment, net on the consolidated balance sheets. Scooters with estimated useful lives of less than 12 months are included in prepaid expenses and other current

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions Acquisition of PBSC Urban Solutions Inc. (“PBSC”) On May 17, 2022 (the “Closing Date”), the Company completed its acquisition of one hundred percent of the outstanding equity of PBSC, a global leader in bikeshare that supplies stations and bikes to markets internationally, for a total purchase price of $163.5 million inclusive of $14.1 million in estimated fair value of contingent consideration. The acquisition was treated as a business combination and increases the Company’s scale in micromobility by leveraging PBSC’s deep sales experience and customer relationships. Acquisition costs were immaterial and are included in general and administrative expenses in the consolidated statements of operations. During the second quarter of 2023, the Company paid out earn out incentives of $15.0 million, which were previously included in contingent consideration on the consolidated balance sheet. The earn out incentives were based on hardware and software for new system sales, either earned or committed during the earn out period. The following table summarizes the fair value of the assets acquired and liabilities assumed at the Closing Date (in thousands): Cash and cash equivalents $ 2,665 Prepaid expenses and other current assets 34,845 Other investments 22,175 Property and equipment 2,202 Operating lease right-of-use assets 786 Identifiable intangible assets 45,047 Total identifiable assets acquired 107,720 Accounts payable 6,004 Accrued and other liabilities 3,344 Operating lease liabilities — current 292 Operating lease liabilities 494 Other liabilities 14,678 Total liabilities assumed 24,812 Non-controlling interest (recorded to equity) 140 Net assets assumed 82,768 Goodwill 80,748 Total acquisition consideration $ 163,516 The Company concluded the purchase accounting for the acquisition of PBSC during the second quarter of 2023. During the measurement period, the Company recorded immaterial purchase price adjustments resulting in a decrease in goodwill. The Company adopted ASU 2021-08 on April 1, 2022, prior to the acquisition of PBSC, the Company's only acquisition in 2022. Upon the adoption of this update, contract assets and contract liabilities (i.e., deferred revenue) acquired in a business combination are recognized and measured by the acquirer on the acquisition date in accordance with ASC 606 as if the acquirer had originated the contracts, which would generally result in an acquirer recognizing and measuring acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements. Therefore, PBSC’s historical deferred revenue balance as of May 17, 2022 has been included in the purchase price allocation in accordance with ASU 2021-08 . The goodwill is attributable to (i) expanded sales opportunities for the Company's current products and services by leveraging PBSC's assembled workforce and (ii) cost synergies associated with economies of scale and a streamlined supply chain as the combined businesses operate on a global scale. The acquisition is a non-taxable business combination and goodwill recognized in the acquisition is not deductible for tax purposes. The Company recorded intangible assets at their fair value, which consisted of the following (in thousands): Estimated useful life (in years) Amount Tradename 2 $ 1,009 Customer relationships – cities 7 - 11 22,157 Developed technology (hardware and software) 2 - 3 21,881 Total intangible assets $ 45,047 The fair value of the tradename was determined to be $1.0 million with an estimated useful life of two years. The fair value of the tradename was determined using the relief-from-royalty method under the income approach. This involves forecasting avoided royalties, reducing them by taxes and discounting the resulting net cash flows to a present value using an appropriate discount rate. The fair value of the customer relationships – cities was determined to be $22.2 million with estimated useful lives between seven The fair value of the developed technology intangible asset was determined to be $21.9 million with an estimated useful life between two Judgment was applied for a number of assumptions in valuing the identified intangible assets, including revenue and cash flow forecasts, technology life, royalty rate, obsolescence and discount rate. Refer to Note 17 “ Variable Interest Entities” to the consolidated financial statements for information regarding the variable interest entities included in this transaction. The results of operations for the acquired business have been included in the consolidated statements of operations for the period subsequent to the Company's acquisition of PBSC. PBSC’s results of operations for periods prior to this acquisition were not material to the consolidated statements of operations and, accordingly, pro forma financial information has not been presented.

Divestitures

Divestitures	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures Transaction with Woven Planet Holdings, Inc. (“Woven Planet”) On July 13, 2021, the Company completed a multi-element transaction with Woven Planet, a subsidiary of Toyota Motor Corporation, for the divestiture of certain assets related to the Company’s self-driving vehicle division, Level 5, as well as commercial agreements for the utilization of Lyft rideshare and fleet data to accelerate the safety and commercialization of the automated-driving vehicles that Woven Planet is developing. The Company will receive, in total, approximately $515 million in cash in connection with this transaction, with $165 million paid upfront and $350 million to be paid over a five-year period.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net The changes in the carrying amount of goodwill for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands): Balance as of December 31, 2021 $ 180,516 Additions 81,108 Foreign currency translation and other adjustments (42) Balance as of December 31, 2022 $ 261,582 Additions — Foreign currency translation and other adjustments (3,791) Balance as of December 31, 2023 $ 257,791 Intangible assets, net consisted of the following as of the dates indicated (in thousands): December 31, 2023 Weighted-average Gross Carrying Accumulated Net Carrying Developed technology and patents 2.2 $ 41,568 $ 29,540 $ 12,028 Contractual relationship – cities and user relationships 6.8 100,725 53,238 47,487 Total intangible assets $ 142,293 $ 82,778 $ 59,515 December 31, 2022 Weighted-average Gross Carrying Accumulated Net Carrying Developed technology and patents 2.3 $ 41,262 $ 20,424 $ 20,838 Contractual relationship – cities and user relationships 8.2 100,429 45,059 55,370 Total intangible assets $ 141,691 $ 65,483 $ 76,208 Amortization expense was $16.8 million, $18.4 million and $18.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023, future amortization of intangible assets that will be recorded in cost of revenue and operating expenses is estimated as follows (in thousands). Year ended December 31: 2024 $ 18,066 2025 8,568 2026 8,345 2027 8,345 2028 8,345 Thereafter 7,846 Total remaining amortization $ 59,515

Supplemental Financial Statemen

Supplemental Financial Statement Information	12 Months Ended
	Dec. 31, 2023
Additional Financial Information Disclosure [Abstract]
Supplemental Financial Statement Information	Supplemental Financial Statement Information Cash Equivalents and Short-Term Investments The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss and fair value of the Company’s cash equivalents and short-term investments as of the dates indicated (in thousands): December 31, 2023 Cost or Unrealized Estimated Gains Losses Unrestricted Balances (1) Money market funds $ 28,351 $ — $ — $ 28,351 Money market deposit accounts 117,626 — — 117,626 Certificates of deposit 179,607 200 (4) 179,803 Commercial paper 918,278 584 (331) 918,531 Corporate bonds 29,171 6 (5) 29,172 U.S. government securities 231,926 82 — 232,008 Total unrestricted cash equivalents and short-term investments 1,504,959 872 (340) 1,505,491 Restricted Balances (2) Money market funds 44,241 — — 44,241 Term deposits 3,539 — — 3,539 Certificates of deposit 144,935 175 (1) 145,109 Commercial paper 618,854 366 (146) 619,074 Corporate bonds 12,409 3 (1) 12,411 U.S. government securities 224,635 84 — 224,719 Total restricted cash equivalents and investments 1,048,613 628 (148) 1,049,093 Total unrestricted and restricted cash equivalents and investments $ 2,553,572 $ 1,500 $ (488) $ 2,554,584 _______________ (1) Excludes $179.7 million of cash, which is included within the $1.7 billion of cash and cash equivalents and short-term investments on the consolidated balance sheets. (2) Excludes $1.4 million of restricted cash, which is included within the $1.0 billion of restricted cash and cash equivalents and restricted short-term investments on the consolidated balance sheets. December 31, 2022 Cost or Unrealized Estimated Gains Losses Unrestricted Balances (1) Money market funds $ 3,276 $ — $ — $ 3,276 Money market deposit accounts 126,994 — — 126,994 Term deposits 5,000 — — 5,000 Certificates of deposit 502,374 295 (510) 502,159 Commercial paper 964,410 403 (1,663) 963,150 Corporate bonds 61,605 — (104) 61,501 U.S. government securities 7,059 1 — 7,060 Total unrestricted cash equivalents and short-term investments 1,670,718 699 (2,277) 1,669,140 Restricted Balances (2) Money market funds 93,362 — — 93,362 Term deposits 3,539 — — 3,539 Certificates of deposit 355,241 174 (437) 354,978 Commercial paper 596,213 243 (865) 595,591 Corporate bonds 14,933 — (17) 14,916 U.S. government securities 74,699 2 (167) 74,534 Total restricted cash equivalents and investments 1,137,987 419 (1,486) 1,136,920 Total unrestricted and restricted cash equivalents and investments $ 2,808,705 $ 1,118 $ (3,763) $ 2,806,060 _______________ (1) Excludes $126.5 million of cash and $1.1 million in marketable equity securities, which is included within the $1.8 billion of cash and cash equivalents and short-term investments on the consolidated balance sheets. (2) Excludes $1.3 million of restricted cash, which is included within the $1.1 billion of restricted cash and cash equivalents and restricted short-term investments on the consolidated balance sheets. The Company’s short-term investments consist of available-for-sale debt securities and term deposits. The term deposits are at cost, which approximates fair value. The remaining maturity of the Company’s investment portfolio was less than one year as of the periods presented. No individual security incurred continuous unrealized losses for greater than 12 months. The Company purchases investment grade marketable debt securities which are rated by nationally recognized statistical credit rating organizations in accordance with its investment policy. This policy is designed to minimize the Company's exposure to credit losses. As of December 31, 2023, the credit-quality of the Company’s marketable available-for-sale debt securities had remained stable. The unrealized losses recognized on marketable available-for-sale debt securities as of December 31, 2023 were primarily related to the continued market volatility associated with uncertain economic outlook. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments and it is not expected that the investments would be settled at a price less than their amortized cost basis. The Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost basis. The Company is not aware of any specific event or circumstance that would require the Company to change its quarterly assessment of credit losses for any marketable available-for-sale debt security as of December 31, 2023. These estimates may change, as new events occur and additional information is obtained, and will be recognized on the consolidated financial statements as soon as they become known. No credit losses were recognized as of December 31, 2023 for the Company’s marketable and non-marketable debt securities. The following table summarizes the Company’s available-for-sale debt securities in an unrealized loss position for which no allowance for credit losses was recorded, aggregated by major security type (in thousands): December 31, 2023 Estimated Fair Value Unrealized Losses Certificates of deposit $ 31,945 $ (5) Corporate bonds 14,621 (6) Commercial paper 128,645 (473) Total available-for-sale debt securities in an unrealized loss position $ 175,211 $ (484) Property and Equipment, net Property and equipment, net consisted of the following as of the dates indicated (in thousands): December 31, 2023 2022 Bike and scooter fleet $ 240,137 $ 179,330 Owned vehicles 197,703 143,391 Finance lease right-of-use assets 80,934 32,887 Leasehold improvements 77,230 91,334 Computer equipment and software 38,911 36,271 Furniture and fixtures 5,867 5,602 Construction in progress 72,257 48,523 713,039 537,338 Less: Accumulated depreciation (247,195) (223,936) Property and equipment, net $ 465,844 $ 313,402 Depreciation and amortization expense related to property and equipment was $96.3 million, $127.8 million, and $115.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Accrued and Other Current Liabilities Accrued and other current liabilities consisted of the following as of the dates indicated (in thousands): December 31, 2023 2022 Insurance-related accruals (1) $ 643,147 $ 566,831 Legal and tax related accruals 296,336 458,209 Ride-related accruals 212,114 181,138 Long-term debt, current 25,798 36,287 Insurance claims payable and related fees 52,609 53,280 Deferred gain related to the Reinsurance Transaction (2) — 2,357 Other 278,851 263,507 Accrued and other current liabilities $ 1,508,855 $ 1,561,609 _______________ (1) Refer to Note 2 “Summary of Significant Accounting Policies” above for more information on these insurance-related accruals. (2) Refer to Note 2 “Summary of Significant Accounting Policies” above and the rest of this Note 6 “Supplemental Financial Statement Information - Insurance Reserves” below for more information on this deferred gain. Insurance Reserves The following table provides a rollforward of the insurance reserve for the periods presented (in thousands): Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 1,417,350 $ 1,068,628 $ 987,064 Additions (1) 516,337 1,146,482 772,323 Deductions (2) (595,819) (797,760) (690,759) Balance at end of period $ 1,337,868 $ 1,417,350 $ 1,068,628 _______________ (1) Additions to insurance reserves include reserves from claims originating from the current year of $512.3 million, $333.9 million and $271.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. Additions to insurance reserves also include $561.2 million and $255.4 million for the years ended December 31, 2022 and 2021, respectively, for adverse changes in estimates resulting from new developments in claims originating from prior years. Additions also include adjustments related to the Commutation Transaction of $4.0 million and $247.4 million for the years ended December 31, 2023 and 2022, respectively, and $4.0 million and $245.2 million of reinsurance recoverable for the years ended December 31, 2022 and 2021, respectively. See below for more details of the "Commutation of the Reinsurance Agreement". (2) Deductions include losses paid of $580.4 million, $552.6 million and $439.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. Deductions also include $11.4 million for the year ended December 31, 2023 for favorable changes in estimates resulting from new developments in claims originating from prior years and a reinsurance recoverable at the beginning of the period of $4.0 million, $245.2 million and $251.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. Reinsurance of Certain Legacy Auto Liability Insurance On April 22, 2021, the Company’s wholly-owned subsidiary, Pacific Valley Insurance Company, Inc. (“PVIC”), entered into a Quota Share Reinsurance Agreement (the “Reinsurance Agreement”) with DARAG Bermuda LTD (“DARAG”), under which DARAG reinsured a legacy portfolio of auto insurance policies, based on reserves in place as of March 31, 2021, for $183.2 million of coverage above the liabilities recorded as of that date. Under the terms of the Reinsurance Agreement, PVIC ceded to DARAG approximately $251.3 million of certain legacy insurance liabilities for policies underwritten during the period of October 1, 2018 to October 1, 2020, with an aggregate limit of $434.5 million, for a premium of $271.5 million (“the Reinsurance Transaction”). The Reinsurance Agreement was on a funds withheld basis, meaning that funds are withheld by PVIC from the insurance premium owed to DARAG in order to pay future reinsurance claims on DARAG’s behalf. Upon consummation of the Reinsurance Transaction, a reinsurance recoverable of $251.3 million was established, and since a contractual right of offset exists, the reinsurance recoverable was netted against the funds withheld liability balance of $271.5 million for a $20.2 million net funds withheld liability balance included in accrued and other current liabilities on the consolidated balance sheet. In addition to the initial funds withheld balance of $271.5 million, additional coverage of certain legacy insurance liabilities was collateralized by a trust account established by DARAG for the benefit of PVIC, which was $75.0 million upon consummation. At the inception of the Reinsurance Agreement, a loss of approximately $20.4 million for the total cost of the Reinsurance Transaction was recognized on the consolidated statement of operations for the year ended December 31, 2021, with $20.2 million in cost of revenue and $0.2 million in general and administrative expenses. Commutation of the Reinsurance Agreement On June 21, 2022, PVIC and DARAG entered into a Commutation Agreement, which effectively commuted and settled the previous Reinsurance Agreement. Under the terms of the Commutation Agreement, DARAG released $89.3 million of assets held in trust to PVIC and the remaining balance of the funds withheld liability of $90.3 million from the Reinsurance Transaction for a total consideration of $178.6 million. In addition, the Commutation Agreement caused a DARAG affiliate, DNA Insurance Company (“DNA”), to simultaneously enter into an Adverse Development Cover Reinsurance Agreement (“ADC”) with PVIC (the Commutation Agreement and the ADC collectively referred to as the “Commutation Transaction”). Under the terms of the ADC, DNA agreed to reinsure up to $20 million of the legacy insurance liabilities contemplated in the Reinsurance Agreement for a premium of $1.0 million, which would be retained by PVIC on a funds withheld basis. DNA also had the option to commute this agreement for $5.0 million prior to November 1, 2023, which would be offset by any premiums retained as funds withheld. As a result of the Commutation Transaction, the Company noted the following impacts on its financial statements: • The Company recognized a $36.8 million gain in cost of revenue in the three months ended June 30, 2022, including amortization of a portion of the previously recognized deferred gain. • The Company reduced its reinsurance recoverable by $247.4 million and the funds withheld liability balance by $90.3 million. • The Company amortized deferred gains related to losses ceded under the Reinsurance Agreement by $105.7 million. On February 8, 2023, PVIC and DNA entered into a Commutation and Mutual Release Agreement, whereby DNA agreed to exercise its option to fully settle and commute the ADC. DNA commuted the ADC for $5.0 million consisting of a $4.0 million payment made to PVIC and the release of $1.0 million premium which was retained by PVIC as funds withheld. As a result, PVIC recognized a gain of $3.4 million, comprised of $2.4 million amortization of the remaining deferred gain and $1.0 million related to the release of the funds withheld. PVIC also reduced its reinsurance recoverable by $4.0 million related to the payment received. Other Income (Expense), Net The following table sets forth the primary components of other income (expense), net as reported on the consolidated statements of operations (in thousands): Year Ended December 31, 2023 2022 2021 Interest income $ 145,728 $ 47,142 $ 9,074 (Loss) Gain on sale of securities, net (243) (287) 687 Foreign currency exchange gains (losses), net 3,657 (4,387) 788 Sublease income 4,849 11,591 6,624 Gain on equity method investment (1) 12,926 — — Gain from transaction with Woven Planet — — 119,284 Impairment charges (2) — (135,714) — Other, net 3,206 (18,333) (524) Other income (expense), net $ 170,123 $ (99,988) $ 135,933 _______________ (1) In the quarter ended June 30, 2023, the Company received investments in a non-marketable equity security in a privately held company. Refer to Note 17 “Variable Interest Entities” for more information on this transaction. (2) In the third quarter of 2022, the Company impaired the entire amount of a non-marketable equity investment in addition to other assets with the investee. This impairment was triggered due to the announced winding down of the equity investee. Refer to Note 7 “Fair Value Measurements” for additional details.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables set forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis as of the dates indicated by level within the fair value hierarchy (in thousands): December 31, 2023 Level 1 Level 2 Level 3 Total Assets Unrestricted cash equivalents and investments (1) Money market funds $ 28,351 $ — $ — $ 28,351 Certificates of deposit — 179,803 — 179,803 Commercial paper — 918,531 — 918,531 Corporate bonds — 29,172 — 29,172 U.S. government securities — 232,008 — 232,008 Total unrestricted cash equivalents and short-term investments 28,351 1,359,514 — 1,387,865 Restricted cash equivalents and investments (2) Money market funds 44,241 — — 44,241 Certificates of deposit — 145,109 — 145,109 Commercial paper — 619,074 — 619,074 Corporate bonds — 12,411 — 12,411 U.S. government securities — 224,719 — 224,719 Total restricted cash equivalents and investments 44,241 1,001,313 — 1,045,554 Total financial assets 72,592 2,360,827 — 2,433,419 _______________ (1) $179.7 million of cash, $117.6 million of money market deposit accounts and $3.5 million of term deposits are not subject to recurring fair value measurement and therefore excluded from this table. However, these balances are included within the $1.7 billion of cash and cash equivalents and short-term investments on the consolidated balance sheets. (2) $1.4 million of restricted cash is not subject to recurring fair value measurement and therefore excluded from this table. However, these balances are included within the $1.0 billion of restricted cash and cash equivalents and restricted short-term investments on the consolidated balance sheets. December 31, 2022 Level 1 Level 2 Level 3 Total Assets Unrestricted cash equivalents and investments (1) Money market funds $ 3,276 $ — $ — $ 3,276 Certificates of deposit — 502,159 — 502,159 Commercial paper — 963,150 — 963,150 Corporate bonds — 61,501 — 61,501 U.S. government securities — 7,060 — 7,060 Total unrestricted cash equivalents and short-term investments 3,276 1,533,870 — 1,537,146 Restricted cash equivalents and investments (2) Money market funds 93,362 — — 93,362 Certificates of deposit — 354,978 — 354,978 Commercial paper — 595,591 — 595,591 Corporate bonds — 14,916 — 14,916 U.S. government securities — 74,534 — 74,534 Total restricted cash equivalents and investments 93,362 1,040,019 — 1,133,381 Marketable equity securities (3) 1,136 — — 1,136 Total financial assets $ 97,774 $ 2,573,889 $ — $ 2,671,663 Liabilities Contingent consideration (4) $ — $ — $ 15,000 $ 15,000 Total financial liabilities $ — $ — $ 15,000 $ 15,000 _______________ (1) $126.5 million of cash, $127.0 million of money market deposit accounts and $5.0 million of term deposits are not subject to recurring fair value measurement and therefore excluded from this table. However, these balances are included within the $1.8 billion of cash and cash equivalents and short-term investments on the consolidated balance sheets. (2) $1.3 million of restricted cash and $3.5 million of a restricted term deposit are not subject to recurring fair value measurement and therefore excluded from this table. However, these balances are included within the $1.1 billion of restricted cash and cash equivalents and restricted short-term investments on the consolidated balance sheets. (3) Included in other investments on the consolidated balance sheets. (4) In the second quarter of 2022, the Company completed the acquisition of PBSC which included up to $15.0 million in contingent consideration to be paid over the next year. The contingent consideration was classified as a liability and is included in accrued and other current liabilities on the consolidated balance sheets. Refer to Note 3 "Acquisitions" to the consolidated financial statements for information regarding this contingent consideration. During the year ended December 31, 2023, the Company did not make any transfers between the levels of the fair value hierarchy. The following table provides a reconciliation of the Company’s Level 3 financial liabilities (in thousands): Year Ended December 31, 2023 2022 Balance at beginning of period $ 15,000 $ — Additions — 14,100 Payments (15,000) — Change in fair value — 900 Balance at end of period (1) $ — $ 15,000 _______________ (1) Relates to the contingent consideration from the acquisition of PBSC in the second quarter of 2022 which was paid out during the second quarter of 2023. The contingent consideration was classified as a liability and was included in accrued and other current liabilities on the consolidated balance sheets. Refer to Note 3 "Acquisitions" to the consolidated financial statements for information regarding this contingent consideration. Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The Company’s non-marketable equity securities are investments in privately held companies without readily determinable fair values and the carrying value of these non-marketable equity securities are remeasured to fair value based on price changes from observable transactions of identical or similar securities of the same issuer (referred to as the measurement alternative) or for impairment. Any changes in carrying value are recorded within other income (expense), net in the consolidated statements of operations. In June 2021 and June 2022, the Company received investments in a non-marketable equity security in a privately held company without a readily determinable market value as part of licensing and data access agreements. The investment had an initial carrying value of $128.1 million as of June 30, 2022 which was categorized as Level 3. The Company did not have the ability to exercise significant influence over this privately-held company and had elected to measure this investment as a non-marketable equity security and classified it in other investments on the consolidated balance sheet. The entire amount of the investment in the non-marketable equity security was impaired due to the announced winding down of the equity investee in October 2022. In addition to the impairment of this non-marketable equity security, an other asset was impaired, resulting in a total impairment of $135.7 million recorded to other income (expense), net on the consolidated statement of operations. In February 2022, the issuer of the Company's $10.0 million investment in non-marketable equity securities in a privately held company was acquired by a publicly-traded company. As a result of the acquisition in exchange for the securities in the privately-held entity, the Company received common stock of a publicly-traded entity with a value of $8.4 million upon receipt, with the remainder to be received in cash. These shares are classified as marketable equity securities and measured at fair value on a recurring basis. The shares are categorized as Level 1 and changes in fair value are recorded within other income (expense), net in the consolidated statements of operations. In March 2022, the Company sold its shares resulting in a recognized loss recorded to other income (expense), net in the consolidated statement of operations. The following table provides a reconciliation of the Company’s financial assets measured at fair value on a non-recurring basis within other investments on the consolidated balance sheets (in thousands): Year Ended December 31, 2023 2022 Balance at beginning of period $ 5,903 $ 80,411 Additions (1) — 64,044 Change in fair value (2) (19) (138,552) Balance at end of period $ 5,884 $ 5,903 _______________ (1) Relates to non-marketable equity securities included in other investments on the consolidated balance sheets. (2)

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Leases Real Estate Operating Leases The Company leases real estate property at approximately 65 locations as of December 31, 2023. These leases are classified as operating leases. As of December 31, 2023, the remaining lease terms vary from approximately two months to six years. For certain leases the Company has options to extend the lease term for periods varying from one month to ten years. These renewal options are not considered in the remaining lease term unless it is reasonably certain that the Company will exercise such options. For leases with an initial term of 12 months or longer, the Company has recorded a right-of-use asset and lease liability representing the fixed component of the lease payment. Any fixed payments related to non-lease components, such as common area maintenance or other services provided by the landlord, are accounted for as a component of the lease payment and therefore, a part of the total lease cost. Flexdrive Program The Company operates a fleet of rental vehicles through its independently managed subsidiary, a portion of which are leased from third-party vehicle leasing companies. These leases are classified as finance leases and are included in property and equipment, net on the consolidated balance sheets. As of December 31, 2023, the remaining lease terms vary between one month to five years. These leases generally do not contain any non-lease components and, as such, all payments due under these arrangements are allocated to the respective lease component. Lease Position as of December 31, 2023 The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheets (in thousands, except for remaining lease terms and percentages): December 31, 2023 December 31, 2022 Operating Leases Assets Operating lease right-of-use assets (1) $ 98,202 $ 135,213 Liabilities Operating lease liabilities, current $ 42,556 $ 45,803 Operating lease liabilities, non-current 134,102 176,356 Total operating lease liabilities $ 176,658 $ 222,159 Finance Leases Assets Finance lease right-of-use assets (2) $ 80,933 $ 32,887 Liabilities Finance lease liabilities, current (3) 25,193 15,053 Finance lease liabilities, non-current (4) 61,321 19,921 Total finance lease liabilities $ 86,514 $ 34,974 Weighted-average remaining lease term (years) Operating leases 4.5 5.1 Finance leases 3.4 2.5 Weighted-average discount rate Operating leases 6.7 % 6.4 % Finance leases 6.7 % 5.2 % _______________ (1) The Company committed to a decision to exit and sublease or cease use of certain facilities to align with the Company’s anticipated operating needs and incurred charges related to real estate operating right-of-use assets of $13.0 million and $55.3 million during the years ended December 31, 2023 and 2022, respectively. (2) This balance is included within property and equipment, net on the consolidated balance sheets and is primarily related to Flexdrive. (3) This balance is included within other current liabilities on the consolidated balance sheets and is primarily related to Flexdrive. (4) This balance is included within other liabilities on the consolidated balance sheets and is primarily related to Flexdrive. Lease Costs The table below presents certain information related to the costs for operating leases and finance leases for the year ended December 31, 2023 (in thousands): Year Ended December 31, 2023 2022 Operating Leases Operating lease cost $ 40,450 $ 67,283 Finance Leases Amortization of right-of-use assets 19,847 15,124 Interest on lease liabilities 3,449 1,034 Other Lease Costs Short-term lease cost 3,749 5,355 Variable lease cost (1) 10,270 17,040 Total lease cost $ 77,765 $ 105,836 _______________ (1) Consists primarily of common-area maintenance, taxes and utilities for real estate leases, and certain vehicle related charges under the Flexdrive program. Sublease income was $4.8 million for the year ended December 31, 2023 and $11.6 million for the year ended December 31, 2022 which were primarily related to subleases from the Company's transaction with Woven Planet Holdings in the third quarter of 2021. Sublease income is included within other income, net on the consolidated statement of operations. The related lease expense for these leases is included within operating expenses on the consolidated statement of operations. The Company committed to a plan of termination which included restructuring charges related to a decision to exit and sublease or cease use of certain facilities to align with the Company’s anticipated operating needs. Refer to Note 16 “Restructuring” to the consolidated financial statements for information regarding this transaction. The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the consolidated statements of cash flows (in thousands): Year Ended December 31, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 59,318 $ 76,188 Operating cash flows from finance leases 3,558 1,095 Financing cash flows from finance leases 43,466 34,783 Undiscounted Cash Flows The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the consolidated balance sheet as of December 31, 2023 (in thousands): Operating Leases Finance Leases Total Leases 2024 $ 55,689 $ 29,601 $ 85,290 2025 46,402 27,549 73,951 2026 32,576 20,336 52,912 2027 27,652 9,863 37,515 2028 19,826 10,689 30,515 Thereafter 23,700 — 23,700 Total minimum lease payments 205,845 98,038 303,883 Less: amount of lease payments representing interest (29,187) (11,524) (40,711) Present value of future lease payments 176,658 86,514 263,172 Less: current obligations under leases (42,556) (25,193) (67,749) Long-term lease obligations $ 134,102 $ 61,321 $ 195,423 Future lease payments receivable in car rental transactions under the Flexdrive Program are not material since the lease term is less than a month.
Leases	Leases Real Estate Operating Leases The Company leases real estate property at approximately 65 locations as of December 31, 2023. These leases are classified as operating leases. As of December 31, 2023, the remaining lease terms vary from approximately two months to six years. For certain leases the Company has options to extend the lease term for periods varying from one month to ten years. These renewal options are not considered in the remaining lease term unless it is reasonably certain that the Company will exercise such options. For leases with an initial term of 12 months or longer, the Company has recorded a right-of-use asset and lease liability representing the fixed component of the lease payment. Any fixed payments related to non-lease components, such as common area maintenance or other services provided by the landlord, are accounted for as a component of the lease payment and therefore, a part of the total lease cost. Flexdrive Program The Company operates a fleet of rental vehicles through its independently managed subsidiary, a portion of which are leased from third-party vehicle leasing companies. These leases are classified as finance leases and are included in property and equipment, net on the consolidated balance sheets. As of December 31, 2023, the remaining lease terms vary between one month to five years. These leases generally do not contain any non-lease components and, as such, all payments due under these arrangements are allocated to the respective lease component. Lease Position as of December 31, 2023 The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheets (in thousands, except for remaining lease terms and percentages): December 31, 2023 December 31, 2022 Operating Leases Assets Operating lease right-of-use assets (1) $ 98,202 $ 135,213 Liabilities Operating lease liabilities, current $ 42,556 $ 45,803 Operating lease liabilities, non-current 134,102 176,356 Total operating lease liabilities $ 176,658 $ 222,159 Finance Leases Assets Finance lease right-of-use assets (2) $ 80,933 $ 32,887 Liabilities Finance lease liabilities, current (3) 25,193 15,053 Finance lease liabilities, non-current (4) 61,321 19,921 Total finance lease liabilities $ 86,514 $ 34,974 Weighted-average remaining lease term (years) Operating leases 4.5 5.1 Finance leases 3.4 2.5 Weighted-average discount rate Operating leases 6.7 % 6.4 % Finance leases 6.7 % 5.2 % _______________ (1) The Company committed to a decision to exit and sublease or cease use of certain facilities to align with the Company’s anticipated operating needs and incurred charges related to real estate operating right-of-use assets of $13.0 million and $55.3 million during the years ended December 31, 2023 and 2022, respectively. (2) This balance is included within property and equipment, net on the consolidated balance sheets and is primarily related to Flexdrive. (3) This balance is included within other current liabilities on the consolidated balance sheets and is primarily related to Flexdrive. (4) This balance is included within other liabilities on the consolidated balance sheets and is primarily related to Flexdrive. Lease Costs The table below presents certain information related to the costs for operating leases and finance leases for the year ended December 31, 2023 (in thousands): Year Ended December 31, 2023 2022 Operating Leases Operating lease cost $ 40,450 $ 67,283 Finance Leases Amortization of right-of-use assets 19,847 15,124 Interest on lease liabilities 3,449 1,034 Other Lease Costs Short-term lease cost 3,749 5,355 Variable lease cost (1) 10,270 17,040 Total lease cost $ 77,765 $ 105,836 _______________ (1) Consists primarily of common-area maintenance, taxes and utilities for real estate leases, and certain vehicle related charges under the Flexdrive program. Sublease income was $4.8 million for the year ended December 31, 2023 and $11.6 million for the year ended December 31, 2022 which were primarily related to subleases from the Company's transaction with Woven Planet Holdings in the third quarter of 2021. Sublease income is included within other income, net on the consolidated statement of operations. The related lease expense for these leases is included within operating expenses on the consolidated statement of operations. The Company committed to a plan of termination which included restructuring charges related to a decision to exit and sublease or cease use of certain facilities to align with the Company’s anticipated operating needs. Refer to Note 16 “Restructuring” to the consolidated financial statements for information regarding this transaction. The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the consolidated statements of cash flows (in thousands): Year Ended December 31, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 59,318 $ 76,188 Operating cash flows from finance leases 3,558 1,095 Financing cash flows from finance leases 43,466 34,783 Undiscounted Cash Flows The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the consolidated balance sheet as of December 31, 2023 (in thousands): Operating Leases Finance Leases Total Leases 2024 $ 55,689 $ 29,601 $ 85,290 2025 46,402 27,549 73,951 2026 32,576 20,336 52,912 2027 27,652 9,863 37,515 2028 19,826 10,689 30,515 Thereafter 23,700 — 23,700 Total minimum lease payments 205,845 98,038 303,883 Less: amount of lease payments representing interest (29,187) (11,524) (40,711) Present value of future lease payments 176,658 86,514 263,172 Less: current obligations under leases (42,556) (25,193) (67,749) Long-term lease obligations $ 134,102 $ 61,321 $ 195,423 Future lease payments receivable in car rental transactions under the Flexdrive Program are not material since the lease term is less than a month.

Commitment and Contingencies

Commitment and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Noncancellable Purchase Commitments In March 2018, the Company entered into a noncancellable arrangement with Amazon Web Services (“AWS”), a web-hosting services provider, under which the Company had an obligation to purchase a minimum amount of services from this vendor through June 2021. The parties modified the aggregate commitment amounts and timing in January 2019, May 2020 and February 2022. Under the most recent amended arrangement, the Company committed to spend an aggregate of at least $350 million between February 2022 and January 2026, with a minimum amount of $80 million in each of the four contractual periods, on services with AWS. As of December 31, 2023, the Company has made payments of $228.6 million under the amended arrangement. In May 2019, the Company entered into a noncancellable arrangement with the City of Chicago, with respect to the Divvy bike share program, under which the Company has an obligation to pay approximately $7.5 million per year to the City of Chicago through January 2028 and to spend a minimum of $50 million on capital equipment for the bike share program through January 2028. The parties modified the commitment amounts and timing in April 2023 to reduce the Company’s payment obligation by $12 million and to supply a maximum of $12 million on capital equipment for the bike share program through 2024. As of December 31, 2023, the Company has made payments totaling $30.0 million and capital equipment investments totaling $45.4 million under the arrangement. As of December 31, 2023, the future minimum payments under the Company’s noncancellable purchase commitments, which are inclusive of the arrangements mentioned above, were as follows (in thousands) : 2024 $ 8,800 2025 89,092 2026 89,396 2027 17,711 2028 — Thereafter — Total future minimum payments $ 204,999 Letters of Credit The Company maintains certain stand-by letters of credit from third-party financial institutions in the ordinary course of business to guarantee certain performance obligations related to leases, insurance policies and other various contractual arrangements. None of the outstanding letters of credit are collateralized by cash. As of December 31, 2023 and 2022, the Company had letters of credit outstanding of $60.2 million and $55.1 million, respectively. Indemnification The Company enters into indemnification provisions under agreements with other parties in the ordinary course of business, including certain business partners, investors, contractors, parties to certain acquisition or divestiture transactions and the Company’s officers, directors and certain employees. The Company has agreed to indemnify and defend the indemnified party’s claims and related losses suffered or incurred by the indemnified party resulting from actual or threatened third-party claims because of the Company’s activities or, in some cases, non-compliance with certain representations and warranties made by the Company. It is not possible to determine the maximum potential loss under these indemnification provisions due to the Company’s limited history of prior indemnification claims and the unique facts and circumstances involved in each particular provision. To date, losses recorded on the consolidated statements of operations in connection with the indemnification provisions have not been material. Legal Proceedings The Company is currently involved in, and may in the future be involved in, legal proceedings, claims, and regulatory and governmental inquiries and investigations in the ordinary course of business, including suits by drivers, riders, renters, third parties and governmental entities (individually or as class actions) alleging, among other things, various wage and expense related claims, violations of state or federal laws, improper disclosure of the Company’s fees, rules or policies, that such fees, rules or policies violate applicable law, or that the Company has not acted in conformity with such fees, rules or policies, as well as proceedings related to product liability, antitrust, its acquisitions, securities issuances or business practices, or public disclosures about the Company or the Company's business. In addition, the Company has been, and is currently, named as a defendant in a number of litigation matters related to allegations of accidents or other trust and safety incidents involving drivers or riders using the Lyft Platform. The outcomes of the Company’s legal proceedings are inherently unpredictable and subject to significant uncertainties. For certain matters for which a material loss is reasonably possible, an estimate of the amount of loss or range of losses is not possible nor is the Company able to estimate the loss or range of losses that could potentially result from the application of nonmonetary remedies. For matters where the Company has recorded a probable and estimable loss, until the final resolution of the matter, there may be exposure to a material loss in excess of the amount recorded. Independent Contractor Classification Matters With regard to independent contractor classification of drivers on the Lyft Platform, the Company is regularly subject to claims, lawsuits, arbitration proceedings, administrative actions, government investigations and other legal and regulatory proceedings at the federal, state and municipal levels challenging the classification of these drivers as independent contractors, and claims that, by the alleged misclassification, the Company has violated various labor and other laws that would apply to driver employees. Laws and regulations that govern the status and classification of independent contractors are subject to change and divergent interpretations by various authorities, which can create uncertainty and unpredictability for the Company. For example, California Assembly Bill 5 (now codified in part at Cal. Labor Code sec. 2775) codified and extended an employment classification test set forth by the California Supreme Court that established a new standard for determining employee or independent contractor status. The passage of this bill led to additional challenges to the independent contractor classification of drivers using the Lyft Platform. For example, on May 5, 2020, the California Attorney General and the City Attorneys of Los Angeles, San Diego and San Francisco filed a lawsuit against the Company and Uber for allegedly misclassifying drivers on the companies’ respective platforms as independent contractors in violation of Assembly Bill 5 and California’s Unfair Competition Law, and on August 5, 2020, the California Labor Commissioner filed lawsuits against the Company and Uber for allegedly misclassifying drivers on the companies’ respective platforms as independent contractors, seeking injunctive relief and material damages and penalties. On August 10, 2020, the court granted a motion for a preliminary injunction, forcing the Company and Uber to reclassify drivers in California as employees until the end of the lawsuit. Subsequently, voters in California approved Proposition 22, a state ballot initiative that provided a framework for drivers utilizing platforms like Lyft to maintain their status as independent contractors under California law. Proposition 22 went into effect on December 16, 2020. On April 20, 2021, the court granted the parties’ joint request to dissolve the preliminary injunction in light of the passage of Proposition 22. On May 5, 2021, the California Labor Commissioner filed a petition to coordinate its lawsuit with the Attorney General lawsuit and three other cases against the Company and Uber. The coordination petition was granted and the coordinated cases have been assigned to a judge in San Francisco Superior Court. On December 19, 2022, the California Attorney General’s and California Labor Commissioner’s cases were stayed in San Francisco Superior Court pending the appeal of a Superior Court order denying Lyft’s and Uber’s motions to compel arbitration. On September 28, 2023, the California Court of Appeal issued a decision upholding the trial court’s order denying Lyft’s and Uber’s motions to compel arbitration. On November 7, 2023, Lyft filed a petition requesting that the California Supreme Court review the Court of Appeal’s decision; the petition was denied on January 17, 2024, and the case was remitted to San Francisco Superior Court on January 29, 2024, where we expect the trial court litigation to resume. On January 12, 2021, a group of petitioners led by labor union SEIU filed a separate lawsuit in the California Supreme Court against the State of California alleging that Proposition 22 is unconstitutional under the California Constitution. The California Supreme Court denied review on February 3, 2021. SEIU then filed a similar lawsuit in Alameda County Superior Court on February 11, 2021. Protect App-Based Drivers & Services (PADS) -- the coalition that established and operated the official ballot measure committee that successfully advocated for the passage of Proposition 22 -- intervened in the Alameda lawsuit. On August 20, 2021, after a merits hearing, the Alameda Superior Court issued an order finding that Proposition 22 is unenforceable. Both the California Attorney General and PADS filed appeals to the California Court of Appeal. On March 13, 2023, the California Court of Appeal upheld Proposition 22 as constitutional, while severing two provisions that relate to future amendments of Proposition 22. On April 21, 2023, SEIU filed a petition for review to the California Supreme Court. On June 28, 2023, the California Supreme Court granted SEIU’s petition for review, and briefing is underway. Separately, on July 14, 2020, the Massachusetts Attorney General filed a lawsuit against the Company and Uber for allegedly misclassifying drivers as independent contractors under Massachusetts law, and seeking declaratory and injunctive relief. The Company and Uber filed motions to dismiss, which were denied by the court in March 2021. The case is set for trial on May 13, 2024. Certain adverse outcomes of such actions would have a material impact on the Company’s business, financial condition and results of operations, including damages, penalties and potential suspension of operations in impacted jurisdictions, including California or Massachusetts. The Company’s chances of success on the merits are still uncertain and any possible loss or range of loss cannot be reasonably estimated. Such regulatory scrutiny or action may create different or conflicting obligations from one jurisdiction to another. The New York Attorney General has alleged misrepresentations related to certain fees and related driver pay deductions, as well as misclassification of drivers and related labor law violations in New York. The Company has entered into an agreement to resolve this matter, under which New York drivers will receive new benefits and maintain their flexibility as independent contractors. The amount accrued for these matters is recorded within accrued and other current liabilities on the consolidated balance sheets as of December 31, 2023. The Company is currently involved in a number of putative class actions, thousands of individual claims, including those brought in arbitration or compelled pursuant to the Company's Terms of Service to arbitration, matters brought, in whole or in part, as representative actions under California’s Private Attorneys General Act, Labor Code Section 2698, et seq., alleging that the Company misclassified drivers as independent contractors and other matters challenging the classification of drivers on the Company’s platform as independent contractors. The Company is currently defending allegations in a number of lawsuits that the Company has failed to properly classify drivers and provide those drivers with sick leave and related benefits during the COVID-19 pandemic. The Company’s chances of success on the merits are still uncertain and any possible loss or range of loss cannot be reasonably estimated. The Company disputes any allegations of wrongdoing and intends to continue to defend itself vigorously in these matters. However, results of litigation, arbitration and regulatory actions are inherently unpredictable and legal proceedings related to these driver claims, individually or in the aggregate, could have a material impact on the Company’s business, financial condition and results of operations. Regardless of the outcome, litigation and arbitration of these matters can have an adverse impact on the Company because of defense and settlement costs individually and in the aggregate, diversion of management resources and other factors. Unemployment Insurance Assessment The Company is involved in administrative audits with various state employment agencies, including audits related to driver classification, in California, Oregon, Wisconsin, Illinois, New York, Pennsylvania and New Jersey. The Company believes that drivers are properly classified as independent contractors and plans to vigorously contest any adverse assessment or determination. The Company’s chances of success on the merits are still uncertain. The Company accrues for liabilities that may result from assessments by, or any negotiated agreements with, these employment agencies when a loss is probable and reasonably estimable, and the expense is recorded to general and administrative expenses. In 2018, the New Jersey Department of Labor & Workforce Development (“NJDOL”) opened an audit reviewing whether drivers were independent contractors or employees for purposes of determining whether unemployment insurance regulations apply from 2014 through March 31, 2018. The NJDOL issued an assessment on June 4, 2019 and subsequently issued an updated assessment on March 31, 2021. The assessment was calculated through April 30, 2019, but only calculated the alleged contributions, penalties, and interests owed from 2014 through 2017. The Company filed a petition to challenge the assessment, and are awaiting a hearing. The Company has also submitted payment for the principal revised amount of the assessment to stop interest from accruing on this amount. While the ultimate resolution of this matter is uncertain, the Company recorded an accrual for this matter reflected within accrued and other current liabilities on the consolidated balance sheet as of December 31, 2023. In 2021, the New York State Department of Labor (“NYSDOL”) opened an audit reviewing whether drivers were independent contractors or employees for purposes of determining whether unemployment insurance regulations apply for 2019. The NYSDOL subsequently extended the audit back to 2016. On December 22, 2022, the Company received an assessment for the 2016 to 2019 time period and on December 27, 2023, the Company received a revised assessment covering 2016 to 2020. The Company has appealed these assessments. While the ultimate resolution of this matter is uncertain, the Company recorded an accrual for this matter reflected within accrued and other current liabilities on the consolidated balance sheet as of December 31, 2023. Indirect Taxes The Company is under audit by various domestic tax authorities with regard to indirect tax matters. The subject matter of indirect tax audits primarily arises from disputes on tax treatment and tax rates applied to the sale of the Company’s services in these jurisdictions. The Company accrues indirect taxes that may result from examinations by, or any negotiated agreements with, these tax authorities when a loss is probable and reasonably estimable and the expense is recorded to general and administrative expenses. Patent Litigation The Company is currently involved in legal proceedings related to alleged infringement of patents and other intellectual property and, in the ordinary course of business, the Company receives correspondence from other purported holders of patents and other intellectual property offering to sell or license such property and/or asserting infringement of such property. The Company disputes any allegation of wrongdoing and intends to defend itself vigorously in these matters. The Company’s chances of success on the merits are still uncertain and any possible loss or range of loss cannot be reasonably estimated. Other Class Actions and Consumer Matters From time to time, the Company becomes involved in putative class actions alleging violations of consumer protection, civil rights, and other laws; antitrust and unfair competition laws such as California’s Cartwright Act, Unfair Practices Act and Unfair Competition Law; and the Americans with Disabilities Act, or the ADA, among others. In 2021, the Company received a favorable outcome in a case in the Northern District of California alleging ADA violations with respect to Lyft’s wheelchair accessible vehicle (“WAV”) offerings in three Bay Area counties, Independent Living Resource Center San Francisco (“ILRC”) v. Lyft, Inc. After hearing evidence at a 5-day bench trial, the court ruled that plaintiffs failed their burden to prove that Lyft violates the ADA. The plaintiffs did not appeal the ruling. Lyft is facing a similar ADA lawsuit seeking injunctive and other relief in the Southern District of New York, Lowell v. Lyft, Inc. On March 24, 2023, the court certified three classes encompassing regions where Lyft does not currently offer WAV service (Westchester County, NY; New York State except New York City; and all other “non-WAV” regions in the U.S.). A bench trial is scheduled to begin on July 8, 2024. The Company disputes any allegations of wrongdoing and intends to continue to defend itself vigorously in these matters. The Company’s chances of success on the merits are still uncertain and any possible loss or range of loss cannot be reasonably estimated. The Federal Trade Commission (“FTC”) has alleged violations of Section 5 of the FTC Act in connection with certain advertising claims to drivers. The Company is cooperating with the FTC while seeking to resolve the matter. Personal Injury and Other Safety Matters In the ordinary course of the Company’s business, various parties have from time to time claimed, and may claim in the future, that the Company is liable for damages related to accidents or other incidents involving drivers, riders or renters using or who have used services offered on the Lyft Platform, as well as from third parties. The Company is currently named as a defendant in a number of matters related to accidents or other incidents involving drivers, riders, renters and third parties. The Company believes it has meritorious defenses, disputes the allegations of wrongdoing and intends to defend itself vigorously in these matters. There is no pending or threatened claim that has arisen from these accidents or incidents that individually, in the Company’s opinion, is likely to have a material impact on its business, financial condition or results of operations; however, results of litigation and claims are inherently unpredictable and legal proceedings related to such accidents or incidents, in the aggregate, could have a material impact on the Company’s business, financial condition and results of operations. For example, on January 17, 2020, the Superior Court of California, County of Los Angeles, granted the petition of multiple plaintiffs to coordinate their claims relating to alleged sexual assault or harassment by drivers on the Lyft Platform, and a Judicial Council Coordinated Proceeding has been created before the Superior Court of California, County of San Francisco, where the claims of multiple plaintiffs are currently pending. Regardless of the outcome of these or other matters, litigation can have an adverse impact on the Company because of defense and settlement costs individually and in the aggregate, diversion of management resources and other factors. Although the Company intends to vigorously defend against these lawsuits, its chances of success on the merits are still uncertain as these matters are at various stages of litigation and present a wide range of potential outcomes. The Company accrues for losses that may result from these matters when a loss is probable and reasonably estimable. Securities Litigation Beginning in April 2019, multiple putative class actions and derivative actions were filed in state and federal courts against the Company, its directors, certain of its officers, and certain of the underwriters named in the registration statement relating to the Company’s initial public offering (“IPO”) alleging violation of securities laws, breach of fiduciary duties, and other causes of action in connection with the IPO. All of these matters are now resolved except for the derivative actions, which were consolidated into one action in federal court in California. In the consolidated derivative action, at the parties’ joint request, the California federal court stayed the case on February 17, 2021. On January 19, 2024, the court lifted that stay and set a case management conference for February 27, 2024. Although the Company believes the consolidated derivative action is without merit and intends to vigorously defend against it, its chances of success on the merits are still uncertain and presents a wide range of potential outcomes. The Company accrues for losses that may result from these matters when a loss is probable and reasonably estimable and such accruals are recorded within accrued and other current liabilities on the consolidated balance sheet.

Debt

Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt Outstanding debt obligations as of December 31, 2023 were as follows (in thousands): Maturities Interest Rates as of December 31, 2023 December 31, 2023 December 31, 2022 Convertible senior notes May 2025 1.50% $ 743,486 $ 740,609 Non-revolving Loan 2024 2.88% - 2.91% 3,115 24,429 Master Vehicle Loan 2024 - 2026 2.60% - 7.10% 118,559 74,456 Total long-term debt, including current maturities $ 865,160 $ 839,494 Less: long-term debt maturing within one year 25,798 36,287 Total long-term debt $ 839,362 $ 803,207 The following table sets forth the primary components of interest expense as reported on the consolidated statements of operations (in thousands): Year Ended December 31, 2023 2022 2021 Contractual interest expense related to the 2025 Notes $ 11,212 $ 11,212 11,212 Amortization of debt discount and issuance costs (1) 2,877 2,928 35,575 Interest expense related to vehicle loans and other 12,134 5,595 4,848 Interest expense $ 26,223 $ 19,735 $ 51,635 _______________ (1) Following the adoption of ASC 2020-06 on January 1, 2022 using the modified retrospective approach, the debt discount associated with the equity component on convertible debt outstanding is now classified as debt, which results in a decrease in the amount of interest expense being recorded each period from January 1, 2022 to maturity. Convertible Senior Notes In May 2020, the Company issued $747.5 million aggregate principal amount of 1.50% convertible senior notes due 2025 (the “2025 Notes”) pursuant to an indenture, dated May 15, 2020 (the “Indenture”) between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee. The 2025 Notes mature on May 15, 2025, unless earlier converted, redeemed or repurchased. The 2025 Notes are senior unsecured obligations of the Company with interest payable semiannually in arrears on May 15 and November 15 of each year, beginning on November 15, 2020, at a rate of 1.50% per year. The net proceeds from this offering were approximately $733.2 million, after deducting the initial purchasers’ discounts and commissions and debt issuance costs. The initial conversion rate for the 2025 Notes is 26.0491 shares of the Company's Class A common stock per $1,000 principal amount of 2025 Notes, which is equivalent to an initial conversion price of approximately $38.39 per share of the Class A common stock. The conversion rate is subject to adjustment under certain circumstances in accordance with the terms of the Indenture. The 2025 Notes will be convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding February 15, 2025, only under the following circumstances: • during any fiscal quarter (and only during such fiscal quarter), if the last reported sale price of the Company’s Class A common stock, for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding fiscal quarter is greater than or equal to 130% of the conversion price on each applicable trading day; • during the five • if the Company calls such Notes for redemption, at any time prior to the close of business on the second scheduled trading day immediately preceding the redemption date; or • upon the occurrence of specified corporate events. On or after February 15, 2025, the 2025 Notes will be convertible at the option of the holder until the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, the Company may satisfy its conversion obligation by paying and/or delivering, as the case may be, cash, shares of the Company's Class A common stock or a combination of cash and shares of the Company's Class A common stock, at the Company’s election, in the manner and subject to the terms and conditions provided in the Indenture. Holders of the 2025 Notes who convert their 2025 Notes in connection with certain corporate events that constitute a make-whole fundamental change (as defined in the Indenture) are, under certain circumstances, entitled to an increase in the conversion rate. Additionally in the event of a corporate event constituting a fundamental change (as defined in the Indenture), holders of the 2025 Notes may require the Company to repurchase all or a portion of their 2025 Notes at a repurchase price equal to 100% of the principal amount of the 2025 Notes being repurchased, plus any accrued and unpaid interest to, but excluding, the repurchase date. Prior to the adoption of ASU 2020-06, the Company separated the 2025 Notes into a liability and an equity component. At the date of issuance, the Company determined the fair value of the liability component to be $558.3 million calculated as the present value of future cash flows discounted at the borrowing rate for a similar nonconvertible debt instrument. The equity component representing the conversion option was $189.2 million and was determined by deducting the fair value of the liability component from the par value of the 2025 Notes. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. The difference between the principal amount of the 2025 Notes and the liability component (“debt discount”) was amortized to interest expense over the contractual term at an effective interest rate of 8.0%. Following the adoption of ASU 2020-06 on January 1, 2022, the Company no longer bifurcates the 2025 Notes, but rather accounts for the conversion feature as a single debt instrument. The difference between the carrying amount and face value of the liability results in a reduced liability component. Therefore, less interest expense is being recorded each period from January 1, 2022 to maturity and the equity component is now classified as debt, eliminating the subsequent amortization of the debt discount as interest expense. Accordingly, the Company recorded a net decrease to additional paid-in capital of approximately $140.0 million, net of tax, to remove the equity component separately recorded for the conversion features associated with the 2025 Notes and equity component associated with the issuance costs, an increase of approximately $133.5 million in the carrying value of the 2025 Notes to reflect the full principal amount, net of issuance costs, and an increase to accumulated deficit of approximately $6.5 million, net of tax in the Company’s consolidated balance sheet with no impact to the Company’s consolidated statements of operations. Debt issuance costs related to the 2025 Notes totaled $14.3 million at inception and were comprised of discounts and commissions payable to the initial purchasers and third-party offering costs and will be amortized to interest expense using the effective interest method over the contractual term. As of December 31, 2023, the unamortized debt discount and debt issuance cost of the 2025 Notes was 4.0 million on the consolidated balance sheet. The last reported sale price of the Company's Class A common stock exceeded 130% of the conversion price of the 2025 Notes for at least 20 trading days during the 30 consecutive trading day period ended June 30, 2021. Accordingly, the 2025 Notes were convertible at the option of the holders at any time during the quarter ended September 30, 2021. During the quarter ended September 30, 2021 , holders of $2,000 in aggregate principal amount of the 2025 Notes elected early conversion. The Company settled the conversion in cash resulting in an immaterial recognized loss on extinguishment of the liability and equity components during the third quarter of 2021. During the quarter ended December 31, 2023, the 2025 Notes did not meet any of the circumstances that would allow for a conversion. Based on the last reported sale price of the Company’s Class A common stock on December 31, 2023 , the if-converted value of the 2025 Notes was $291.9 million, which would not exceed the outstanding principal amount. The net carrying amounts of the liability component of the 2025 Notes were as follows (in thousands): December 31, 2023 Principal $ 747,498 Unamortized debt discount and debt issuance costs (4,012) Net carrying amount of liability component $ 743,486 As of December 31, 2023 , the total estimated fair values (which represents a Level 2 valuation) of the 2025 Notes were approximately $711.2 million. The estimated fair value of the 2025 Notes was determined based on a market approach which was determined based on the actual bids and offers of the 2025 Notes in an over-the-counter market on the last trading day of the period. The 2025 Notes are unsecured and do not contain any financial covenants, restrictions on dividends, incurrence of senior debt or other indebtedness, or restrictions on the issuance or repurchase of securities by the Company. Capped Calls In connection with the issuance of the 2025 Notes, the Company entered into privately negotiated capped call transactions (the “Capped Calls”) with certain of the initial purchasers or their respective affiliates at a cost of approximately $132.7 million. The Capped Calls cover, subject to anti-dilution adjustments, the number of shares of Class A common stock underlying the 2025 Notes sold in the offering. By entering into the Capped Calls, the Company expects to reduce the potential dilution to its Class A common stock (or, in the event a conversion of the 2025 Notes is settled in cash, to reduce its cash payment obligation) in the event that at the time of conversion of the 2025 Notes the trading price of the Company’s Class A common stock price exceeds the conversion price of the 2025 Notes. The cap price of the Capped Calls is initially $73.83 per share and is subject to certain adjustments under the terms of the Capped Calls. The Capped Calls meet the criteria for classification in equity, are not remeasured each reporting period and included as a reduction to additional paid-in-capital within shareholders’ equity. Non-revolving Loan Following the acquisition of Flexdrive by the Company on February 7, 2020, Flexdrive remained responsible for its obligations under a Loan and Security Agreement dated March 11, 2019, as amended (the “Non-revolving Loan”) with a third-party lender. Pursuant to the term of the Non-revolving Loan as amended on June 21, 2021 and most recently on September 27, 2022, Flexdrive may request an extension of credit in the form of advances up to a maximum principal amount of $130 million to purchase new Hyundai and Kia vehicles, or for other purposes, subject to approval by the lender. Advances paid or prepaid under the Non-revolving Loan may not be reborrowed. Repayment terms for each advance include equal monthly installments sufficient to fully amortize the advances over the term, with an option for the final installment to be greater than the others. The repayment term for each advance ranges from 24 months to 48 months. Interest is payable monthly in arrears at a fixed interest rate equal to the two-year U.S. Treasury note yield plus a spread of 3.4% for a 24-month term, the three-year U.S. Treasury note yield plus a spread of 3.4% for a 36 month term, and the average of the three and five-year U.S. Treasury note yields plus a spread of 3.4% for a 48 month term. The Non-revolving Loan is secured by all vehicles financed under the Non-revolving Loan. On September 20, 2023, the Non-revolving Loan was amended, extending through September 30, 2024 and reducing the borrowing capacity to $50.0 million. As of December 31, 2023, a total of $5.2 million had been drawn under the Non-revolving Loan and $44.8 million is remaining under the facility. The Non-revolving Loan also contains customary affirmative and negative covenants that, among other things, limit Flexdrive’s ability to enter into certain acquisitions or consolidations or engage in certain asset dispositions. Upon the occurrence of certain events of default, including bankruptcy and insolvency events with respect to Flexdrive or the Company, all amounts due under the Non-revolving Loan may become immediately due and payable, among other remedies. As of December 31, 2023 , the Company was in compliance with all covenants related to the Non-revolving Loan in all material aspects. Further, the Company continued to guarantee the payments of Flexdrive for any amounts borrowed. Master Vehicle Loan Following the acquisition of Flexdrive by the Company on February 7, 2020, Flexdrive remained responsible for its obligations under a Master Vehicle Acquisition Financing and Security Agreement, dated February 7, 2020 as amended (the “Master Vehicle Loan”) with a third-party lender. Pursuant to the term of the Master Vehicle Loan, Flexdrive may request loans up to a maximum principal amount of $50 million to purchase vehicles and additional capacity may be requested. Repayment terms for each loan include equal monthly installments sufficient to amortize the loan over the term, with an option for the final installment to be greater than the others and is typically equal to the residual value guarantee the Company provides to the lender. The repayment term for each loan ranges from 12 months to 48 months. Interest is payable monthly in advance at a fixed interest rate equal to the three-year swap rate plus a spread of 2.10% on the date of the loan. Principal amounts outstanding related to the Master Vehicle Loan may be fully or partially prepaid at the option of Flexdrive and must be prepaid under certain circumstances. However, if a loan is terminated for any reason prior to the last day of the minimum loan term Flexdrive will be obligated to pay to the lender, an early termination fee in an amount which is equal to the interest which would otherwise be payable by Flexdrive to lender for the remainder of the minimum loan term for that loan. The Master Vehicle Loan is secured by all vehicles financed under the Master Vehicle Loan as well as certain amounts held in escrow for the benefit of the lender. Amounts held in escrow are recorded as restricted cash on the consolidated balance sheets. The Master Vehicle Loan contains customary affirmative and negative covenants that, among other things, limit Flexdrive’s ability to enter into certain acquisitions or consolidations or engage in certain asset dispositions. Upon the occurrence of certain events of default, including bankruptcy and insolvency events with respect to Flexdrive or the Company, all amounts due under the Master Vehicle Loan may become immediately due and payable, among other remedies. As of December 31, 2023, Flexdrive was in compliance with all covenants related to the Master Vehicle Loan in all material respects. Further, the Company continued to guarantee the payments of Flexdrive for any amounts borrowed following the acquisition. The fair values of the Non-revolving Loan and Master Vehicle Loan were $1.6 million and $121.2 million, respectively, as of December 31, 2023 and were determined based on quoted prices in markets that are not active, which are considered a Level 2 valuation input. During the year ended December 31, 2023, the Company made repayments of $72.5 million on these loans. Maturities of long-term debt outstanding, including current maturities, as of December 31, 2023 were as follows (in thousands): 2024 $ 25,798 2025 781,495 2026 57,867 2027 — 2028 — Thereafter — Total long-term debt outstanding $ 865,160 Vehicle Procurement Agreement Following the acquisition of Flexdrive by the Company on February 7, 2020, Flexdrive remained responsible for its obligations under a Vehicle Procurement Agreement (“VPA”), as amended, with a third-party (“the Procurement Provider”). Procurement services under the VPA include purchasing and upfitting certain motor vehicles as specified by Flexdrive, interim financing, providing certain fleet management services, including without limitation vehicle titling, registration and tracking services on behalf of Flexdrive. Pursuant to the terms of the VPA, Flexdrive will make the applicable payments to the Procurement Provider for the procurement services either directly or through an advance made by the Master Vehicle Loan or the Non-revolving Loan. Interest on interim financing under the VPA is based on the prime rate. The Procurement Provider has a security interest in vehicles purchased until the full specified payment has been indefeasibly paid. The VPA contains customary affirmative and negative covenants restricting certain activities by Flexdrive. As of December 31, 2023, the Company was in compliance with all covenants of the VPA. As of December 31, 2023, the outstanding borrowings from the interim financing under the VPA was $28.8 million. On March 11, 2019, the Procurement Provider entered into a $95.0 million revolving credit facility with a third-party lender to finance the acquisition of motor vehicles on behalf of Flexdrive under the VPA. On September 17, 2020, the revolving credit facility was amended, extending the stated maturity date to December 31, 2021 and reducing the borrowing capacity to $50.0 million. On March 11, 2019, Flexdrive entered into a Limited Non-Recourse Secured Continuing Guaranty and Subordination Agreement with the third-party lender to guarantee the Procurement Provider’s performance for any amount borrowed under the revolving credit facility. As of December 31, 2023, there was $3.6 million exposure to loss under the terms of the guarantee. Revolving Credit Facility & Other Financings On November 3, 2022, Lyft, Inc. entered into a revolving credit agreement (the “Existing Revolving Credit Agreement”) by and among the Company, as the borrower, JPMorgan Chase Bank, N.A., as administrative agent, and certain lenders party thereto from time to time. The Revolving Credit Agreement provides the Company with a senior secured revolving credit facility (the “Revolving Credit Facility”) in an aggregate principal amount of $420.0 million that matures on the earlier of (i) November 3, 2027 and (ii) February 13, 2025, if, as of such date, the Company’s Liquidity (as defined in the Revolving Credit Agreement) minus the aggregate principal amount of the Company’s 2025 Convertible Notes (as defined in the Revolving Credit Agreement) outstanding on such date is less than $1.25 billion. Subject to certain conditions precedent, the Revolving Credit Agreement also grants the Company the option to increase the commitment under the Revolving Credit Facility by or obtain incremental term loans in an aggregate principal amount of up to $300.0 million, plus, after June 30, 2024, an unlimited amount so long as the senior secured leverage ratio does not exceed 2.50:1.00. The Revolving Credit Facility provides for borrowings up to the amount of the facility, with a sublimit of $168 million for the issuance of letters of credit. Under the Revolving Credit Agreement, loans bear interest, at the Company’s option, at an annual rate equal to either (i) the sum of (x) the Adjusted Term SOFR Rate (as defined in the Revolving Credit Agreement) plus (y) a variable rate based on the Company’s total leverage ratio, ranging from 1.50% to 2.25% or (ii) the sum of (x) the highest of (A) the rate of interest last quoted by The Wall Street Journal as the prime rate in effect in the United States, (B) the greater of the rate calculated by the Federal Reserve Bank of New York as the federal funds effective rate or the rate that is published by the Federal Reserve Bank of New York as the overnight bank funding rate, in either case, plus 0.50%, and (C) the one-month Adjusted Term SOFR Rate plus 1.00% and (y) a variable rate based on the Company’s total leverage ratio, ranging from 0.05% to 1.25%. The Company is required to pay a commitment fee between 0.225% and 0.375%, depending on the Company’s total leverage ratio, per annum on the undrawn portion available under the Revolving Credit Facility. The Revolving Credit Agreement contains customary affirmative and negative covenants and restrictions typical for a financing of this type that, among other things, restrict the Company and its restricted subsidiaries’ ability to incur additional indebtedness, create liens, merge or consolidate or make certain dispositions, pay dividends and make distributions or other restricted payments, engage in transactions with affiliates, and make certain investments and acquisitions. The Revolving Credit Agreement also contains financial covenants that require the Company to maintain (a) a minimum liquidity amount of at least $1.5 billion, tested on a quarterly basis, commencing with the quarter ending December 31, 2022 through the quarter ending June 30, 2024, (b) a total leverage ratio not to exceed 3.50:1.00 commencing with the quarter ending September 30, 2024 through the quarter ending December 31, 2024 and commencing with the quarter ending March 31, 2025, a ratio not to exceed 3.00:1.00 (with an increase to 3.50:1.00 if the Company has an acquisition for cash consideration greater than $75 million for the fiscal quarter during which such acquisition takes place and the three fiscal quarters immediately following such acquisition), and (c) a fixed charge coverage ratio of at least 1.25:1.00, commencing with the quarter ending September 30, 2024. The Revolving Credit Agreement contains customary events of default relating to, among other things, payment defaults, breach of representation or warranty or covenants, cross default to material indebtedness, bankruptcy-related defaults, judgment defaults, and the occurrence of certain change of control events. Non-compliance with one or more of the covenants and restrictions or the occurrence of an event of default could result in the full or partial principal balance of the Revolving Credit Agreement becoming immediately due and payable and termination of the commitments. The Company’s obligations under the Revolving Credit Agreement are guaranteed by certain of the Company’s present and future material domestic subsidiaries. The Company’s obligations under, and each guarantor’s obligations under its guaranty of, the Revolving Credit Agreement are secured by a first priority interest on substantially all of the Company’s or such guarantor’s respective assets. As of December 31, 2023 , the Company was in compliance with all covenants related to the Revolving Credit Agreement and no amounts had been drawn under the Revolving Credit Agreement. As of December 31, 2023, there were no other balances outstanding.

Common Stock and Employee Stock

Common Stock and Employee Stock Plans	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Common Stock and Employee Stock Plans	Common Stock and Employee Stock Plans Common Stock The Company’s amended and restated certificate of incorporation authorizes the issuance of Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Holders of Class A common stock are entitled to one vote per share and holders of Class B common stock are entitled to 20 votes per share. Shares of Class B common stock are convertible into an equivalent number of shares of Class A common stock and generally convert into shares of Class A common stock upon transfer. Any dividends paid to the holders of Class A common stock and Class B common stock will be paid on a pro rata basis. On a liquidation event, any distribution to common stockholders is made on a pro rata basis to the holders of the Class A common stock and Class B common stock. The following table summarizes the Company’s shares of common stock reserved for issuance as of December 31, 2023: Options issued and outstanding under the 2008 Plan 779,942 RSUs outstanding under the 2008 Plan, the 2018 Plan, and the 2019 Plan 30,090,811 Remaining shares available for future issuance under the 2019 ESPP Plan and the 2019 Plan 57,814,909 Equity Award Plans 2008 Equity Incentive Plan In July 2008, the board of directors of the Company adopted the 2008 Equity Incentive Plan (the 2008 Plan) under which the Company may grant options to purchase its common stock and offer to sell and issue restricted shares of its common stock and issue RSUs to selected employees, officers, directors and consultants of the Company. In June 2018, this plan was superseded by the 2018 Equity Incentive Plan (the 2018 Plan) and all reserved shares under the 2008 Plan were transferred to the 2018 Plan. Under the 2008 Plan, incentive stock options and nonqualified stock options are to be granted at a price that is not less than 100% of the fair value of the underlying common stock at the date of grant; provided, that incentive stock options granted to a person who directly or by attribution owns more than ten percent (10%) of the total combined voting power of all classes of stock of the Company are to be at a price not less than one hundred ten percent (110%) of the fair value of the underlying common stock at the date of grant. Stock options granted to newly hired employees typically vest 25% on the first anniversary of the date of hire and ratably each month over the ensuing 36-month period. The maximum term for stock options granted under the 2008 Plan might not exceed ten years from the date of grant. RSUs granted to newly hired employees typically vest 25% on the first Company-established vest date after the first anniversary of the employee’s date of hire and ratably each quarter over the ensuing 12-quarter purposes of the service condition. The maximum term for RSUs granted under the 2008 Plan might not exceed seven years from the date of grant. 2018 Equity Incentive Plan In June 2018, the board of directors and the stockholders of the Company adopted the 2018 Plan, which serves as the successor to the 2008 Plan and provides for the grant of stock options, stock appreciation rights, restricted stock, and RSUs to employees and consultants of the Company and its subsidiaries and non-employee directors of the Company. A total of 75,504,222 shares of the Company’s common stock initially was reserved for issuance under the 2018 Plan, which was increased in June 2018 by an additional 11,836,692 shares. In addition, the shares reserved for issuance under the 2018 Plan also will include any shares subject to stock options, RSUs or similar awards granted under its 2008 Plan that, after the date the Company’s board of directors initially approved its 2018 Plan, expire or otherwise terminate without having been exercised in full, are tendered to or withheld by the Company for payment of an exercise price or for satisfying tax withholding obligations or are forfeited to or repurchased by the Company due to failure to vest (provided that the maximum number of shares that may be added to its 2018 Plan from its 2008 Plan is 75,504,222 shares). Under the 2018 Plan, RSUs granted to newly hired employees typically vest 25% on the first Company-established vest date after the first anniversary of the employee’s date of hire and ratably each quarter over the ensuing 12-quarter period for purposes of the service condition. The maximum term for RSUs granted under the 2018 Plan might not exceed seven years from the date of grant. In March 2019, this plan was superseded by the 2019 Equity Incentive Plan (the 2019 Plan) and all reserved shares under the 2018 Plan were transferred to the 2019 Plan. 2019 Equity Incentive Plan In March 2019, the board of directors of the Company and the stockholders of the Company adopted the 2019 Plan which serves as the successor to the 2018 Plan and provides for the grant of stock options, stock appreciation rights, restricted stock, and RSUs to employees and consultants of the Company and its subsidiaries and non-employee directors of the Company. RSUs granted with only service conditions under the 2019 Plan to employees generally vest in a period up to four years. A total of 44,000,000 shares of the Company’s Class A common stock were reserved for issuance pursuant to the 2019 Plan. In addition, the shares reserved for issuance under the Company’s 2019 Plan also included (i) those shares reserved but unissued under our 2018 Plan as of immediately prior to the termination of the 2018 Plan and (ii) any shares subject to stock options, RSUs or similar awards granted under the 2018 Plan or 2008 Plan that, after the date the Company’s board of directors approved the 2019 Plan, expire or otherwise terminate without having been exercised in full, are tendered to or withheld by the Company for payment of an exercise price or for satisfying tax withholding obligations or are forfeited to or repurchased by the Company due to failure to vest (provided that the maximum number of shares that may be added to the Company’s 2019 Plan pursuant to (i) and (ii) is 80,604,678 shares). The number of shares available for issuance under the 2019 Plan will be increased on January 1 of each year, beginning on January 1, 2020, in an amount equal to the least of (i) 35,000,000 shares, (ii) five percent of the outstanding shares of all classes of the Company’s common stock on the last day of the immediately preceding fiscal year or (iii) such number of shares determined by the administrator. On January 1, 2020, an additional 15,129,789 shares of Class A common stock were reserved for issuance under the 2019 Plan. On January 1, 2021, an additional 16,186,855 shares of Class A common stock were reserved for issuance under the 2019 Plan. On January 1, 2022, an additional 17,246,911 shares of Class A common stock were reserved for issuance under the 2019 Plan. On January 1, 2023, an additional 18,507,749 shares of Class A common stock were reserved for issuance under the 2019 Plan. The summary of stock option activity is as follows (in thousands, except per share data): Options Outstanding Number of Weighted- Weighted- Aggregate (in years) Balance as of December 31, 2022 993 $ 4.87 1.9 $ 6,109 Exercises (201) 6.00 Forfeitures — — Cancellations (12) 1.54 Balance as of December 31, 2023 780 $ 4.63 1.0 $ 8,079 There were no stock options granted during the year ended December 31, 2023 and 2022. As of December 31, 2023, all outstanding options were fully vested and exercisable. The aggregate intrinsic value of stock options exercised during the years ended December 31, 2023, 2022 and 2021 was $1.0 million, $2.9 million and $41.9 million, respectively. The aggregate intrinsic value disclosed in the above table is based on the difference between the original exercise price of the stock option and the fair value of the Company’s common stock of $14.99 and $11.02 per share as of December 31, 2023 and 2022, respectively Restricted Stock Units The summary of restricted stock unit activity (“RSU”) is as follows (in thousands, except per share data): Number of Weighted- Aggregate Nonvested units as of December 31, 2022 22,315 $ 28.15 $ 244,926 Granted 44,507 8.96 Vested (28,397) 18.77 Canceled (8,334) 24.62 Nonvested units as of December 31, 2023 30,091 $ 9.40 $ 449,994 Expected to vest as of December 31, 2023 29,610 $ 443,855 Included in the grants for the year ended December 31, 2023 are approximately 14,556,444 performance based restricted stock units (“PSUs”). These PSUs are divided into individual performance milestones and vesting tranches tied to the Company’s stock performance. On the grant date, the Company valued these PSUs using a Monte Carlo valuation model to determine for each milestone (i) the fair value to expense for such tranche and (ii) the requisite service period when the milestone for such tranche is expected to be achieved. The Monte Carlo valuation model considers several variables and assumptions in estimating the fair value of stock-based awards including the Company's stock price on grant date, expected term, expected volatility, and risk-free interest rate. The resulting fair value is amortized beginning on the grant date over the requisite service periods of each individual tranche. The weighted average grant date fair value per share of the PSUs granted in the year ended December 31, 2023 was $6.63. All PSUs are subject to a continuous service condition in addition to certain performance criteria. The fair value as of the respective vesting dates of RSUs that vested during the years ended December 31, 2023, 2022 and 2021 was $290.5 million, $354.3 million and $1.0 billion, respectively. In connection with RSUs that vested in the year ended December 31, 2023, the Company withheld 295,948 shares and remitted cash payments of $3.0 million on behalf of the RSU holders to the relevant tax authorities. In connection with RSUs that vested in the year ended December 31, 2022, the Company withheld 358,330 shares and remitted cash payments of $6.7 million on behalf of the RSU holders to the relevant tax authorities. In connection with RSUs that vested in the year ended December 31, 2021, the Company withheld 508,934 shares and remitted cash payments of $26.3 million on behalf of the RSU holders to the relevant tax authorities. The Company’s default tax withholding method for RSUs is the sell-to-cover method with the exception of RSUs held by Section 16 officers, as set forth in Rule 16a-1 of the Securities Exchange Act of 1934, of the Company that will use the net settlement method. 2019 Employee Stock Purchase Plan In March 2019, the Company’s board of directors adopted, and the Company’s stockholders approved, the 2019 Employee Stock Purchase Plan (the “ESPP”). The initial ESPP went into effect on March 27, 2019 and was amended on July 26, 2021 and July 18, 2022. Subject to any limitations contained therein, the ESPP allows eligible employees to contribute, through payroll deductions, up to 15% of their eligible compensation to purchase the Company’s Class A common stock at a discounted price per share. The ESPP provides for consecutive, overlapping 12-month offering periods, subject to certain reset provisions as defined in the plan. A total of 6,000,000 shares of Class A common stock were initially reserved for issuance under the ESPP. As of December 31, 2022, 9,712,710 shares of Class A common stock were reserved for issuance under the ESPP. On January 1, 2023, an additional 3,701,549 shares of Class A common stock were reserved for issuance under the ESPP. As of December 31, 2023, 5,151,945 shares of Class A common stock have been purchased under the 2019 ESPP. The number of shares reserved under the 2019 ESPP automatically increases on the first day of each calendar year beginning on January 1, 2020 in a number of shares equal to the least of (i) 7,000,000 shares of Class A common stock, (ii) one percent of the outstanding shares of all classes of the Company’s common stock on the last day of the immediately preceding fiscal year, or (iii) an amount determined by the administrator of the 2019 ESPP. Stock-Based Compensation The Company recorded stock-based compensation expense on the consolidated statements of operations for the periods indicated as follows (in thousands): Year Ended December 31, 2023 2022 2021 Cost of revenue $ 30,170 $ 44,132 $ 39,491 Operations and support 15,468 25,442 24,083 Research and development 214,160 391,983 414,324 Sales and marketing 29,682 49,867 38,243 General and administrative 195,053 239,343 208,419 Total stock-based compensation expense $ 484,533 $ 750,767 $ 724,560 As of December 31, 2023, 2022, and 2021 there are no remaining unrecognized compensation costs related to unvested stock options and restricted stock awards. As of December 31, 2023, the total unrecognized compensation cost was $203.1 million related to all unvested awards. The Company expects to recognize this expense over the remaining weighted-average period of approximately 1.2 years. The Company recognizes compensation expense on the RSUs granted prior to the effectiveness of its IPO registration statement on March 28, 2019 using the accelerated attribution method. All RSUs granted after March 28, 2019 vest on the satisfaction of a service-based condition only. The Company recognizes compensation expense for such RSUs upon a straight-line basis over their requisite service periods. The Company recognizes compensation expense for PSUs using the accelerated attribution method over the requisite service periods of each individual tranche.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of the provision for income taxes for the periods indicated are as follows (in thousands): Year Ended December 31, 2023 2022 2021 United States $ (348,050) $ (1,600,323) $ (1,072,489) Foreign 16,346 21,684 21,570 Loss before income taxes $ (331,704) $ (1,578,639) $ (1,050,919) The provision for income taxes for the periods indicated are as follows (in thousands): Year Ended December 31, 2023 2022 2021 Current provision Federal $ — $ — $ — State 3,762 1,256 1,272 Foreign 7,239 4,240 7,228 Total current $ 11,001 $ 5,496 $ 8,500 Deferred provision Federal 481 481 639 State (337) 1,256 — Foreign (2,529) (1,361) 2,086 Total deferred (2,385) 376 2,725 Total provision for (benefit from) income taxes $ 8,616 $ 5,872 $ 11,225 A reconciliation of the U.S. federal statutory income tax rates to the Company’s effective tax rate is as follows: Year Ended December 31, 2023 2022 2021 Provision at federal statutory rate 21.0 % 21.0 % 21.0 % State, net of federal benefit 9.7 2.1 2.6 Permanent tax adjustments (1.1) (0.4) (0.2) Nondeductible expenses (8.3) (0.7) (1.1) Stock-based compensation (15.1) (4.9) 2.5 Executive compensation (2.4) — — Change in valuation allowance (2.5) (17.1) (25.2) Deferred adjustments (3.2) — — Other adjustments (0.7) (0.4) (0.7) Provision for income taxes (2.6) % (0.4) % (1.1) % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes at the enacted rates. The significant components of the Company’s deferred tax assets and liabilities as of the periods indicated were as follows (in thousands): December 31, 2023 2022 Deferred tax assets: Net operating loss carryforwards $ 2,084,523 $ 2,127,233 Insurance reserves and accruals 314,526 296,423 Stock-based compensation 12,091 19,132 Research capitalization 240,354 163,370 Accrued legal settlement/fees 87,310 114,963 Lease liability 73,497 55,579 Accrued and other liabilities 39,576 76,311 Capital losses 34,965 — Other assets 415 — Total deferred tax assets 2,887,257 2,853,011 Less: Valuation allowance (2,715,841) (2,706,982) Deferred tax assets, net of valuation allowance 171,416 146,029 Deferred tax liabilities: State income taxes (133,859) (124,982) Operating lease right of use assets (50,004) (36,379) Total deferred tax liabilities (183,863) (161,361) Net deferred tax assets $ (12,447) $ (15,332) A reconciliation of the valuation allowance is as follows (in thousands): Year Ended December 31, 2023 2022 2021 Beginning balance $ 2,706,982 $ 2,408,647 $ 2,144,548 Net changes in deferred tax assets and liabilities 8,859 298,335 264,099 Ending balance $ 2,715,841 $ 2,706,982 $ 2,408,647 The valuation allowance increased by $8.9 million for the year ended December 31, 2023, compared to the increase of $298.3 million for the year ended December 31, 2022. The Company believes that, based on a number of factors, the available objective evidence creates sufficient uncertainty regarding the realizability of the deferred tax assets such that a valuation allowance has been recorded. These factors include the Company’s history of net losses. As of December 31, 2023, the Company had U.S. federal and state net operating loss carryforwards of approximately $7.7 billion and $6.4 billion, respectively. The federal net operating loss carryforwards generated through December 31, 2017 expire at various dates beginning in 2034 and will continue to expire through 2037, while federal net operating loss carryforwards generated in 2018 or later do not expire. The state net operating loss carryovers will begin to expire in 2024 and will continue to expire at various times depending upon individual state carryforward rules. Utilization of the net operating loss carryforwards are subject to various limitations including the ownership change limitations provided by Internal Revenue Code (IRC) Section 382 and similar state provisions. The Company is subject to taxation in the United States and various foreign jurisdictions. All net operating losses generated to date are subject to adjustment for U.S. federal and state income tax purposes. Additionally, all tax years remain open to examination as of December 31, 2023 with the exception of tax years beginning before 2019 in Canada and 2022 in the United Kingdom. The Company has not provided foreign withholding taxes on the undistributed earnings of its foreign subsidiaries as of December 31, 2023, 2022, and 2021, because it intends to permanently reinvest such earnings outside of the U.S. If these foreign earnings were to be repatriated in the future, the related U.S. tax liability will be immaterial, due to the participation exemption put in place by the 2017 Tax Act. The Company’s policy is to recognize interest and penalties associated with uncertain tax benefits as part of the income tax provision and include accrued interest and penalties with the related income tax liability on the Company’s consolidated balance sheets. To date, the Company has not recognized any interest and penalties in its consolidated statements of operations, nor has it accrued for or made payments for interest and penalties. The Company has no material unrecognized tax benefits as of December 31, 2023, 2022 and 2021.

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. The diluted net loss per share is computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period. For purposes of this calculation, stock options, RSUs, PSUs, the 2025 Notes, and stock purchase rights granted under the Company’s ESPP are considered to be common stock equivalents but are excluded from the calculation of diluted net loss per share when including them has an anti-dilutive effect. Basic and diluted net loss per share are the same for each class of common stock because they are entitled to the same liquidation and dividend rights. The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except per share data): Year Ended December 31, 2023 2022 2021 Net loss $ (340,320) $ (1,584,511) $ (1,062,144) Weighted-average shares used in computing net loss per share, basic and diluted 385,335 354,731 334,724 Net loss per share, basic and diluted $ (0.88) $ (4.47) $ (3.17) The following potentially dilutive outstanding shares were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands): As of December 31, 2023 2022 2021 2025 Notes (1) 19,471 19,471 19,471 Restricted stock units 15,538 20,542 16,285 Performance based restricted stock units 14,553 1,773 831 Stock options 780 993 1,105 ESPP 111 307 115 Total 50,453 43,086 37,807 _______________ (1) In connection with the issuance of the 2025 Notes, the Company entered into Capped Calls, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls are expected to reduce the potential dilution to the Company's Class A common stock (or, in the event a conversion of the 2025 Notes is settled in cash, to reduce its cash payment obligation) in the event that at the time of conversion of the 2025 Notes the Company's Class A common stock price exceeds the conversion price of the 2025 Notes.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company's transactions with related parties were immaterial for the years ended December 31, 2023, 2022 and 2021.

401(k) Plan

401(k) Plan	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
401(k) Plan	401(k) Plan The Company adopted a 401(k) Plan that qualifies as a deferred salary arrangement under Section 401 of the IRC. Under the 401(k) Plan, participating employees may defer a portion of their pretax earnings not to exceed the maximum amount allowable. The Company does not make contributions for employees.

Restructuring

Restructuring	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring April 2023 Restructuring Plan In April 2023, the Company announced a restructuring plan as part of its efforts to reduce operating costs. The plan involved the termination of approximately 1,072 employees, representing 26% of the Company's employees. As a result of the restructuring plan, in the second quarter of 2023, the Company recorded $47.2 million in employee severance and other employee costs and $9.7 million in net stock-based compensation expense related to equity compensation for employees impacted by the plan of termination. The Company also recorded $6.3 million in impairment charges, fixed asset write-offs, accelerated depreciation and other costs to real estate operating lease right-of-use assets, which was primarily related to the cease use of certain facilities. As a result of the above, the Company incurred net restructuring charges of $63.3 million in the year ended December 31, 2023. The restructuring plan has been completed and no future costs related to this plan are expected. The following table summarizes the above restructuring related charges by line item within the Company’s consolidated statements of operations where they were recorded in the year ended December 31, 2023 (in thousands): Stock-Based Compensation Severance and Other Employee Costs Right-of-Use Asset Impairments and Other Costs Accelerated Depreciation Total Cost of revenue $ 667 $ 3,204 $ — $ — $ 3,871 Operation and support 259 3,054 5,268 669 9,250 Research and development 4,539 21,254 — — 25,793 Sales and marketing 1,045 5,191 — — 6,236 General and administrative 3,213 14,535 400 — 18,148 Total $ 9,723 $ 47,238 $ 5,668 $ 669 $ 63,298 November 2022 Restructuring Plan In November 2022, the Company announced a restructuring plan to reduce operating expenses. As a result of the restructuring plan, in the fourth quarter of 2022, the Company recorded $29.5 million in employee severance and other employee costs and $9.5 million in net stock-based compensation expense related to equity compensation for employees impacted by the plan of termination. The Company’s plan of termination also included restructuring charges related to a decision to exit and sublease or cease use of certain facilities to align with the Company’s anticipated operating needs. The Company reassessed its real estate asset groups and estimated the fair value of the space to be subleased using current market conditions. Where the carrying value of the individual asset groups exceeded their fair value, an impairment charge was recognized for the difference. During the year ended December 31, 2022, this included $55.3 million in impairment charges related to real estate operating lease right-of-use assets, $23.9 million in accelerated depreciation of certain fixed assets and $2.1 million in write-off fixed assets not yet placed into service. As a result of the above, the Company incurred net restructuring charges of $120.3 million in the year ended December 31, 2022. In the first quarter of 2023, the Company finalized the exit of certain leases as part of the plan of termination and the Company completed a transaction for the divestiture of certain assets related to the Company’s first party vehicle services business. As a result, the Company recorded $10.5 million in impairment charges related to the cease use of certain facilities to real estate operating lease right-of-use assets and other costs, which included $9.1 million of future payments associated with exiting certain facilities. The Company also incurred employee related charges, which include employee severance, benefits and stock-based compensation in the first quarter of 2023. As a result of the above, the Company incurred net restructuring charges of $24.4 million in the year ended December 31, 2023. The following table summarizes the above restructuring related charges by line item within the Company’s consolidated statements of operations where they were recorded in the year ended December 31, 2023 (in thousands): Stock-Based Compensation Severance and Other Employee Costs Right-of-Use Asset Impairments and Other Costs Accelerated Depreciation Total Cost of revenue $ — $ 1,101 $ — $ — $ 1,101 Operation and support 205 3,127 9,453 305 13,090 Research and development — 20 2,534 — 2,554 Sales and marketing — 14 — — 14 General and administrative — 64 7,604 16 7,684 Total $ 205 $ 4,326 $ 19,591 $ 321 $ 24,443 The following table summarizes the above restructuring related charges (benefits) by line item within the Company’s consolidated statements of operations where they were recorded in the year ended December 31, 2022 (in thousands): Stock-Based Compensation Severance and Other Employee Costs Right-of-Use Asset Impairments and Other Costs Accelerated Depreciation Total Cost of revenue $ 182 $ 1,612 $ — $ — $ 1,794 Operation and support (31) 5,173 4,851 8,680 $ 18,673 Research and development 3,818 9,706 15,393 36 $ 28,953 Sales and marketing 458 3,123 — — $ 3,581 General and administrative 5,082 9,861 37,120 15,192 $ 67,255 Total $ 9,509 $ 29,475 $ 57,364 $ 23,908 $ 120,256 As of December 31, 2023, there were no restructuring-related liabilities. As of December 31, 2022, there were $1.6 million in restructuring-related liabilities.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2023
Noncontrolling Interest [Abstract]
Variable Interest Entities	Variable Interest Entities VIEs Related to the Acquisition of PBSC As part of its acquisition of PBSC, the Company acquired several joint ventures (“JVs”) which were deemed to be variable interest entities (“VIEs”) in accordance with ASC 810 Consolidation on the acquisition date. The Company determined that PBSC is the primary beneficiary of one of the acquired VIEs, in which it owns an 80% equity interest, as PBSC has the power to direct the majority of the activities of the VIE that most significantly impact its economic performance, the obligation to absorb losses and the right to receive benefits. As PBSC is the primary beneficiary of the VIE, the assets, liabilities, non-controlling interest, revenues and operating results are included in the consolidated financial statements. During the quarter ended September 30, 2022, PBSC entered into another joint venture deemed to be a VIE which was accounted for under the equity method which was immaterial. The acquisition date fair value of the VIEs acquired as part of the PBSC acquisition was $22.2 million, which exceeds the carrying value and is recorded within other investments in the consolidated balance sheet. The maximum potential financial statement loss the Company would incur if these VIEs were to default on all their obligations would be the loss of the carrying value of these investments as well as any current or future investments, if any, PBSC were to make which was immaterial as of December 31, 2023. Other than the VIE of which PBSC owns an 80% equity interest, the Company has determined that PBSC does not direct the activities that would significantly affect the economic performance of these VIEs. Therefore, the Company is not the primary beneficiary of these VIEs. As a result, the Company accounts for its investment in these VIEs under the equity method, and they are not consolidated into the Company’s consolidated financial statements. In addition, the Company recognizes its proportionate share of the reported profits or losses of these VIEs in other income (expense), net in the consolidated statements of operations, and as an adjustment to its investment in VIEs in the consolidated balance sheets. The profits and losses of these unconsolidated VIEs were not material to the consolidated statements of operations for the period ended December 31, 2023. Other VIEs

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net loss	$ (340,320)	$ (1,584,511)	$ (1,062,144)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	12 Months Ended
	Dec. 31, 2023 shares	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	true
Non-Rule 10b5-1 Arrangement Terminated	false
Erin Brewer [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On December 5, 2023, Erin Brewer, our Chief Financial Officer, terminated a Rule 10b5-1 trading plan, adopted on August 31, 2023, which was intended to satisfy the affirmative defense in Rule 10b5-1(c). The terminated trading plan provided for the
Name	Erin Brewer
Title	Chief Financial Officer
Termination Date	December 5, 2023
Aggregate Available	354,683	354,683

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. The Company uses the U.S. dollar predominantly as the functional currency of its foreign subsidiaries. For foreign subsidiaries where the U.S. dollar is the functional currency, gains and losses from remeasurement of foreign currency balances into U.S. dollars are included on the consolidated statements of operations. For the foreign subsidiary where the local currency is the functional currency, translation adjustments of foreign currency financial statements into U.S. dollars are recorded to a separate component of accumulated other comprehensive loss.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting periods. The Company bases its estimates on various factors and information which may include, but are not limited to, history and prior experience, expected future results, new related events and economic conditions, which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from those estimates. Significant items subject to estimates and assumptions include those related to losses resulting from insurance claims inclusive of insurance-related accruals, fair value of financial assets and liabilities, goodwill and identifiable intangible assets, leases, indirect tax obligations, legal contingencies, valuation allowance for deferred income taxes, and the valuation of stock-based compensation.
Segment Information	Segment Information
Revenue Recognition, Incentive Programs and Refunds	Revenue Recognition The Company generates its revenue from its multimodal transportation networks that offer access to a variety of transportation options through the Lyft Platform and mobile-based applications. Substantially all, or approximately 85% or more, of the Company’s revenue is generated from its ridesharing marketplace that connects drivers and riders and is recognized in accordance with Accounting Standards Codification Topic 606 (“ASC 606”). In addition, the Company generates revenue in accordance with ASC 606 from licensing and data access, subscription fees, revenue from bikes and bike station hardware and software sales and revenue from arrangements to provide advertising services to third parties, which are not significant components of the Company’s consolidated revenues. The Company also generates rental revenue from Flexdrive and its network of Light Vehicles, which is recognized in accordance with Accounting Standards Codification Topic 842 (“ASC 842”). The table below presents the Company's revenues as included on the consolidated statements of operations (in thousands): Year Ended December 31, 2023 2022 2021 Revenue from contracts with customers (ASC 606) $ 4,116,216 $ 3,811,993 $ 2,957,979 Rental revenue (ASC 842) 287,373 283,142 250,344 Total revenue $ 4,403,589 $ 4,095,135 $ 3,208,323 Revenue from Contracts with Customers (ASC 606) The Company recognizes revenue for its rideshare marketplace in accordance with ASC 606. The Company generates revenue from service fees and commissions (collectively, “fees”) paid by drivers for use of the Lyft Platform and related activities to connect drivers with riders to facilitate and successfully complete rides via the Lyft App where the Company operates as a TNC. The Company recognizes revenue upon completion of each ride. Drivers enter into terms of service (“ToS”) with the Company in order to use the Lyft Driver App. Under the ToS, drivers agree that the Company retains the applicable fee as consideration for their use of the Lyft Platform and related activities from the fare and related charges it collects from riders on behalf of drivers. The Company is acting as an agent in facilitating the ability of a driver to provide a transportation service to a rider. The Company reports revenue on a net basis, reflecting the fee owed to the Company from a driver as revenue, and not the gross amount collected from the rider. As the Company’s customary business practice, a contract exists between the driver and the Company when the driver’s ability to cancel the ride lapses, which typically is upon pickup of the rider. The Company’s single performance obligation in the transaction is to connect drivers with riders to facilitate the completion of a successful transportation service for riders. The Company recognizes revenue upon completion of a ride as its performance obligation is satisfied upon the completion of the ride. The Company collects the fare and related charges from riders on behalf of drivers using the rider’s pre-authorized credit card or other payment mechanism and retains its fees before making the remaining disbursement to drivers; thus the driver’s ability and intent to pay is not subject to significant judgment. The Company recognizes revenue from subscription fees paid to access transportation options through the Lyft Platform and mobile-based applications over the applicable subscription period in accordance with ASC 606. The Company also recognizes revenue from bikes, bike station hardware and software sales when control is transferred to the customer in accordance with ASC 606. The Company generates revenue from licensing and data access agreements. The Company is primarily responsible for fulfilling its promise to provide rideshare data and access to Flexdrive vehicles and bears the fulfillment risk, and the responsibility of providing the data, over the license period. The Company is acting as a principal in delivering the data and access licenses and presents revenue on a gross basis. Consideration allocated to each performance obligation, the data delivery and vehicle access, is determined by assigning the relative fair value to each of the performance obligations. Revenue is recorded upon delivery of the rideshare data and ratably over the quarter for access to fleet vehicles as the Company’s respective performance obligation is satisfied upon the delivery of each. These revenues are not material to the Company’s consolidated revenue. The Company has arrangements to provide advertising services to third parties that are interested in reaching users of the Company’s platform. These arrangements generally require the Company to provide advertising services over a fixed period of time for which revenue is recognized ratably over the contractual period. These revenues are not significant to the Company’s consolidated revenue. Rental Revenue (ASC 842) The Company generates rental revenues primarily from Flexdrive and its network of Light Vehicles. Rental revenues are recognized for rental and rental related activities where an identified asset is transferred to the customer and the customer has the ability to control that asset in accordance with ASC 842. The Company operates a fleet of rental vehicles through its independently managed subsidiary, Flexdrive, comprised of both owned vehicles and vehicles leased from third-party leasing companies. The Company either leases or subleases vehicles to drivers, and as a result, the Company considers itself to be the accounting lessor or sublessor, as applicable, in these arrangements in accordance with ASC 842. Fleet operating costs include monthly fixed lease payments and other vehicle operating or ownership costs, as applicable. For vehicles that are subleased, sublease income and head lease expense for these transactions are recognized on a gross basis on the consolidated financial statements. Drivers who rent vehicles are charged rental fees, which the Company collects from the driver by deducting such amounts from the driver’s earnings on the Lyft Platform. The Company owns and operates its Light Vehicles in some cities and operates city-owned Light Vehicles in other cities. Though the specific terms of arrangements with cities vary, the Company earns operations fees from cities or shares revenue generated by the systems with cities. Light Vehicle revenue is accounted for under ASC 842 for single-use rides. A single-use ride allows the user to select a specific Light Vehicle at the time the arrangement is entered into and provides the user the right to control the selected Light Vehicle for the desired term of the arrangement. Due to the short-term nature of the Flexdrive and Light Vehicle transactions, the Company classifies these rentals as operating leases. Revenue generated from single-use ride fees paid by Light Vehicle riders is recognized upon completion of each related ride. Revenue generated from Flexdrive is recognized evenly over the rental period, which is typically seven days or less. Enterprise and Trade Receivables The Company collects any fees owed for completed transactions on the Lyft Platform primarily from the rider’s authorized payment method. Uncollected fees are included in prepaid expenses and other current assets on the consolidated balance sheets and represent receivables from (i) participants in the Company’s enterprise programs (“Enterprise Users”), where the transactions have been completed and the amounts owed from the Enterprise Users have either been invoiced or are unbilled as of the reporting date; and (ii) riders where the authorized payment method is a credit card but the fare amounts have not yet settled with third-party payment processors. Under the ToS, drivers agree that the Company retains the applicable fee as consideration for their use of the Lyft Platform and related activities from the fare and related charges it collects from riders on behalf of drivers. Accordingly, the Company has no trade receivables from drivers. The portion of the fare receivable to be remitted to drivers is included in accrued and other current liabilities on the consolidated balance sheets. The Company records an allowance for credit losses for fees owed for completed transactions that may never settle or be collected in accordance with Accounting Standards Update No. 2016-13 “Financial Instruments—Credit Losses”. The allowance for credit losses reflects the Company’s current estimate of expected credit losses inherent in the enterprise and trade receivables balance. In determining the expected credit losses, the Company considers its historical loss experience, the aging of its receivable balance, current economic and business conditions, and anticipated future economic events that may impact collectability. The Company reviews its allowance for credit losses periodically and as needed, and amounts are written off when determined to be uncollectible. Incentive Programs The Company offers incentives to attract drivers, riders and Light Vehicle riders to use the Lyft Platform. Drivers generally receive cash incentives while riders and Light Vehicle riders generally receive free or discounted rides under such incentive programs. Incentives provided to drivers and Light Vehicle riders, the customers of the Company, are accounted for as a reduction of the transaction price. As the riders are not the Company’s customers, incentives provided to riders are generally recognized as sales and marketing expense except for certain pricing programs described below. Driver Incentives The Company offers various incentive programs to drivers, including minimum guaranteed payments, volume-based discounts and performance-based bonus payments. These driver incentives are similar to retrospective volume-based rebates and represent variable consideration that is typically settled within a week. The Company reduces the transaction price by the estimated amount of the incentives expected to be paid upon completion of the performance criteria by applying the most likely outcome method. Therefore, such driver incentives are recorded as a reduction to revenue. Driver incentives are recorded as a reduction to revenue if the Company does not receive a distinct good or service in exchange for the payment or cannot reasonably estimate the fair value of the good or service received. Driver incentives for referring new drivers or riders are accounted for as sales and marketing expense. The amount recorded as an expense is the lesser of the amount of the payment or the established fair value of the benefit received. The fair value of the benefit is established using amounts paid to third parties for similar services. Rideshare Rider Incentives The Company has several rideshare rider incentive programs, which are offered to encourage rider activity on the Lyft Platform. Generally, the rider incentive programs are as follows: (i) Market-wide marketing promotions. Market-wide promotions reduce the fare charged by drivers to riders for all or substantially all rides in a specific market. This type of incentive effectively reduces the overall pricing of the service provided by drivers for that specific market and the gross fare charged by the driver to the rider, and thereby results in a lower fee earned by the Company. Accordingly, the Company records this type of incentive as a reduction to revenue at the date it records the corresponding revenue transaction. (ii) Targeted marketing promotions. Targeted marketing promotions are used to promote the use of the Lyft Platform to a targeted group of riders. An example is a promotion where the Company offers a number of discounted rides (capped at a given number of rides) which are valid only during a limited period of time to a targeted group of riders. The Company believes that the incentives that provide consideration to riders to be applied to a limited number of rides are similar to marketing coupons. These incentives differ from the market-wide marketing promotions because they do not reduce the overall pricing of the service provided by drivers for a specific market. During the promotion period, riders not utilizing an incentive would be charged the full fare. These incentives represent marketing costs. When a rider redeems the incentive, the Company recognizes revenue equal to the transaction price and the cost of the incentive is recorded as sales and marketing expense. (iii) Rider referral programs. Under the rider referral program, the referring rider (the referrer) earns referral coupons when a new rider (the referee) completes their first ride on the Lyft Platform. The Company records the incentive as a liability at the time the incentive is earned by the referrer with the corresponding charge recorded to sales and marketing expense. Referral coupons typically expire within one year. The Company estimates breakage using its historical experience. As of December 31, 2023 and 2022, the rider referral coupon liability was not material. Light Vehicle Rider Incentives Incentives offered to Light Vehicle riders were not material for the years ended December 31, 2023, 2022 and 2021. Refunds
Cost of Revenue	Cost of Revenue Cost of revenue consists of costs directly related to revenue generating transactions through the Company’s multimodal platform which primarily includes insurance costs, payment processing charges, and other costs. Insurance costs consist of insurance generally required under TNC and city regulations for ridesharing and bike and scooter rentals and also includes occupational hazard insurance for drivers. Payment processing charges include merchant fees, chargebacks and failed charges. Other costs included in cost of revenue are hosting and platform-related technology costs, vehicle lease expenses, personnel-related compensation costs, depreciation, amortization of technology-related intangible assets, asset write-off charges, and gains and losses related to the sale of vehicles.
Operations and Support	Operations and Support Operations and support expenses primarily consist of personnel-related compensation costs of local operations teams and teams who provide phone, email and chat support to users, bike and scooter fleet operations support costs, driver background checks and onboarding costs, facility cost, certain car rental fleet support costs, and fees paid to third-parties providing operations support. Bike and scooter fleet operations support costs include general repairs and maintenance, and other customer support activities related to repositioning bikes and scooters for rider convenience, cleaning and safety checks.
Research and Development	Research and Development Research and development expenses primarily consist of personnel-related compensation costs and facilities costs. Such expenses include costs related to the Company’s autonomous vehicle technology initiatives. Research and development costs are expensed as incurred.
Sales and Marketing	Sales and Marketing
General and Administrative	General and Administrative General and administrative expenses primarily consist of personnel-related compensation costs, professional services fees, certain insurance costs that are generally not required under TNC regulations, certain loss contingency expenses including legal accruals and settlements, insurance claims administrative fees, policy spend, depreciation, facility costs, and other corporate costs. General and administrative expenses are expensed as incurred.
Stock-Based Compensation	Stock-Based Compensation The Company incurs stock-based compensation expense primarily from RSUs, PSUs, stock options, and ESPP purchase rights. The Company estimates the fair value of stock options granted to employees, directors, and consultants and ESPP purchase rights using the Black-Scholes option-pricing model. The Black-Scholes model considers several variables and assumptions in estimating the fair value of stock-based awards. These variables include: • per share fair value of the underlying common stock; • exercise price; • expected term; • risk-free interest rate; • expected annual dividend yield; and • expected stock price volatility over the expected term. The Company estimates the expected term for stock options using the simplified method for “plain vanilla” stock option awards. The expected term of the ESPP purchase rights is estimated using the period from the beginning of the offering period to the end of each purchase period. Since the Company has limited history as a public company and does not yet have sufficient trading history for the Company's common stock, the Company estimates volatility for stock options and ESPP purchase rights using the historical volatility of the stock price of similar publicly traded peer companies. The risk-free interest rate is based on the yield available on U.S. Treasury zero-coupon issues similar in duration to the expected term of the stock options or ESPP purchase rights granted. The fair value of stock options that are expected to vest is recognized as compensation expense on a straight-line basis over the requisite service period. The Company recognizes compensation expense related to the ESPP purchase rights on a straight-line basis over the offering period, which is typically 12 months. The fair value of RSUs and PSUs is estimated based on the fair market value of the Company’s common stock on the date of grant, which is determined based on the closing price of the Company’s Class A common stock as reported on the date of grant. Compensation expense for RSUs is generally recognized based on a straight-line basis over the requisite service period. Stock-based compensation expense is based on awards ultimately expected to vest and reflects estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from initial estimates.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. Under this method, deferred income tax assets and liabilities are recorded based on the estimated future tax effects of differences between the financial statement and income tax basis of existing assets and liabilities. These differences are measured using the enacted statutory tax rates that are expected to apply to taxable income for the years in which differences are expected to reverse. The Company recognizes the effect on deferred income taxes of a change in tax rates in the period that includes the enactment date. The Company records a valuation allowance to reduce its deferred tax assets to the net amount that it believes is more-likely-than-not to be realized. Management considers all available evidence, both positive and negative, including historical levels of income, expectations and risks associated with estimates of future taxable income and ongoing tax planning strategies in assessing the need for a valuation allowance.
Business Combinations	Business Combinations The Company accounts for its business combinations using the acquisition method of accounting, which requires, among other things, allocation of the fair value of purchase consideration to the tangible and intangible assets acquired and liabilities assumed at their estimated fair values on the acquisition date. The excess of the fair value of purchase consideration over the values of these identifiable assets and liabilities is recorded as goodwill. When determining the fair value of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, not to exceed one year from the date of acquisition, the Company may record adjustments to the assets acquired and liabilities assumed, with a corresponding offset to goodwill if new information is obtained related to facts and circumstances that existed as of the acquisition date. After the measurement period, any subsequent adjustments are reflected on the consolidated statements of operations and comprehensive loss. Acquisition costs, such as legal and consulting fees, are expensed as incurred.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents consist of institutional money market funds and certificates of deposits denominated in U.S. dollars as well as commercial paper and corporate bonds. Cash equivalents are highly liquid, short-term investments having an original maturity of 90 days or less that are readily convertible to known amounts of cash. Also included in cash and cash equivalents are cash in transit from payment processors for credit and debit card transactions.
Restricted Cash and Cash Equivalents	Restricted Cash and Cash Equivalents Restricted cash and cash equivalents consist primarily of amounts held in separate trust accounts and restricted bank accounts as collateral for insurance purposes and amounts pledged to secure certain letters of credit.
Investments	Investments Debt Securities The Company’s accounting for its investments in debt securities is based on the legal form of the security, the Company’s intended holding period for the security, and the nature of the transaction. Investments in debt securities include commercial paper, certificates of deposit, corporate bonds and U.S. government securities. Investments in debt securities are classified as available-for-sale and are recorded at fair value. The Company considers an available-for-sale debt security to be impaired if the fair value of the investment is less than its amortized cost basis. The entire difference between the amortized cost basis and the fair value of the Company’s available-for-sale debt securities is recognized on the consolidated statements of operations as an impairment if, (i) the fair value of the security is below its amortized cost and (ii) the Company intends to sell or is more likely than not required to sell the security before recovery of its amortized cost basis. If neither criterion is met, the Company evaluates whether the decline in fair value is due to credit losses or other factors. In making this assessment, the Company considers the extent to which the security’s fair value is less than amortized cost, changes to the rating of the security by third-party rating agencies, and adverse conditions specific to the security, among other factors. If the Company's assessment indicates that a credit loss exists, the credit loss is measured based on the Company's best estimate of the cash flows expected to be collected. When developing its estimate of cash flows expected to be collected, the Company considers all available information relevant to the collectability of the security, including past events, current conditions, and reasonable and supportable forecasts. Credit loss impairments are recognized through an allowance for credit losses adjustment to the amortized cost basis of the debt securities on the balance sheet with an offsetting credit loss expense on the consolidated statements of operations. Impairments related to factors other than credit losses are recognized as an adjustment to the amortized cost basis of the security and an offsetting amount in accumulated other comprehensive income (loss), net of tax. As of December 31, 2023, the Company had not recorded any credit impairments. The Company determines realized gains or losses on the sale of debt securities on a specific identification method. The Company's investments in debt securities include: (i) Cash and cash equivalents. Cash equivalents include certificates of deposits, commercial paper and corporate bonds that have an original maturity of 90 days or less and are readily convertible to known amounts of cash. (ii) Short-term investments. Short-term investments are comprised of commercial paper, certificates of deposit, and corporate bonds, which mature in twelve months or less. As a result, the Company classifies these investments as current assets in the accompanying consolidated balance sheets. (iii) Restricted investments. Restricted investments are comprised of debt security investments in commercial paper, certificates of deposit, corporate bonds and U.S. government securities which are held in trust accounts at third-party financial institutions pursuant to certain contracts with insurance providers. Non-marketable Equity Securities The Company has elected to measure its investments in non-marketable equity securities at cost, with remeasurements to fair value only upon the occurrence of observable transactions for identical or similar investments of the same issuer or impairment. The Company qualitatively assesses whether indicators of impairment exist. Factors considered in this assessment include the investees’ financial and liquidity position, access to capital resources, and macroeconomic conditions, among others. If an impairment exists, the Company estimates the fair value of the investment by using the best information available, which may include cash flow projections or other available market data, and recognizes a loss for the amount by which the carrying value exceeds the fair value of the investment on the consolidated statements of operations.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company’s cash, cash equivalents and short-term investments are potentially subject to concentration of credit risk. Although the Company deposits its cash with multiple financial institutions, the deposits, at times, may exceed federally insured limits. The Company has not experienced any losses on its deposits of cash and cash equivalents. Management believes that the institutions are financially stable and, accordingly, minimal credit risk exists. The Company limits purchases of debt securities to investment-grade securities.
Fair Value Measurements	Fair Value Measurements The Company measures assets and liabilities at fair value based on an expected exit price, which represents the amount that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis, whereby inputs used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: Level 1 Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 Unobservable inputs reflecting our own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. The carrying values of the Company’s accounts payable and accrued and other liabilities approximate their respective fair values due to the short period of time to payment.
Light Vehicle Fleet and Property and Equipment	Light Vehicle Fleet Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using a straight-line method over the estimated useful life of the related asset, which is generally between one
Leases, Lessor	Leases In accordance with ASC 842, the Company determines if an arrangement is or contains a lease at contract inception by assessing whether the arrangement contains an identified asset and whether the lessee has the right to control such asset. The Company determines the classification and measurement of its leases upon lease commencement. The Company enters into certain agreements as a lessor and either leases or subleases the underlying asset in the agreement to customers. The Company also enters into certain agreements as a lessee. If any of the following criteria are met, the Company classifies the lease as a financing lease (as a lessee) or as a direct financing or sales-type lease (both as a lessor): • The lease transfers ownership of the underlying asset to the lessee by the end of the lease term; • The lease grants the lessee an option to purchase the underlying asset that the Company is reasonably certain to exercise; • The lease term is for 75% or more of the remaining economic life of the underlying asset, unless the commencement date falls within the last 25% of the economic life of the underlying asset; • The present value of the sum of the lease payments equals or exceeds 90% of the fair value of the underlying asset; or • The underlying asset is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. Leases that do not meet any of the above criteria are accounted for as operating leases. Lessor The Company's lease arrangements include vehicle rentals to drivers or renters under the Flexdrive program and Light Vehicle rentals to single-use riders. Due to the short-term nature of these arrangements, the Company classifies these leases as operating leases. The Company does not separate lease and non-lease components, such as insurance or roadside assistance provided to the lessee, in its lessor lease arrangements. Lease payments are primarily fixed and are recognized as revenue in the period over which the lease arrangement occurs. Taxes or other fees assessed by governmental authorities that are both imposed on and concurrent with each lease revenue-producing transaction and collected by the Company from the lessee are excluded from the consideration in its lease arrangements. The Company mitigates residual value risk of its leased assets by performing regular maintenance and repairs, as necessary, and through periodic reviews of asset depreciation rates based on the Company's ongoing assessment of present and estimated future market conditions.
Leases, Lessee	Leases In accordance with ASC 842, the Company determines if an arrangement is or contains a lease at contract inception by assessing whether the arrangement contains an identified asset and whether the lessee has the right to control such asset. The Company determines the classification and measurement of its leases upon lease commencement. The Company enters into certain agreements as a lessor and either leases or subleases the underlying asset in the agreement to customers. The Company also enters into certain agreements as a lessee. If any of the following criteria are met, the Company classifies the lease as a financing lease (as a lessee) or as a direct financing or sales-type lease (both as a lessor): • The lease transfers ownership of the underlying asset to the lessee by the end of the lease term; • The lease grants the lessee an option to purchase the underlying asset that the Company is reasonably certain to exercise; • The lease term is for 75% or more of the remaining economic life of the underlying asset, unless the commencement date falls within the last 25% of the economic life of the underlying asset; • The present value of the sum of the lease payments equals or exceeds 90% of the fair value of the underlying asset; or • The underlying asset is of such a specialized nature that it is expected to have no alternative use to the lessor at the end of the lease term. Leases that do not meet any of the above criteria are accounted for as operating leases. Lessee The Company's leases include real estate property to support its operations and Flexdrive vehicles that may be used by drivers to provide ridesharing services on the Lyft Platform. For leases with a term greater than 12 months, the Company records the related right-of-use asset and lease liability at the present value of lease payments over the term. The lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise such options. The Company does not separate lease and non-lease components of contracts for real estate property leases, but has elected to do so for vehicle leases when non-lease components exist in these arrangements. For certain leases, the Company also applies a portfolio approach to account for right-of-use assets and lease liabilities that are similar in nature and have nearly identical contract provisions. The Company’s leases do not provide a readily determinable implicit rate. Therefore, the Company estimates its incremental borrowing rate to discount the lease payments based on information available at lease commencement. The Company determines its incremental borrowing rate based on the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term for an amount equal to the lease payments in a similar economic environment. Lease payments may be fixed or variable; however, only fixed payments are included in the Company’s lease liability calculation. Operating leases are included in operating lease right-of-use assets, operating lease liabilities — current and operating lease liabilities on the consolidated balance sheets. Lease costs for the Company's operating leases are recognized on a straight-line basis primarily within operating expenses over the lease term. Finance leases are included in property and equipment, net, accrued and other current liabilities, and other liabilities on the consolidated balance sheets. Finance lease assets are amortized on a straight-line basis over the shorter of the estimated useful lives of the assets or the lease term in cost of revenue on the consolidated statements of operations. The interest component of finance leases is included in cost of revenue on the consolidated statements of operations and recognized using the effective interest method over the lease term. Variable lease payments are recognized primarily in operating expenses in the period in which the obligation for those payments is incurred. Similar to other long-lived assets discussed below, the Company measures recoverability of these assets by comparing the carrying amounts to the future undiscounted cash flows that the assets or the asset group are expected to generate. If the carrying value of the assets are not recoverable, the impairment recognized is measured as the amount by which the carrying value of the asset exceeds its fair value. For leased assets, such circumstances would include the decision to leave a leased facility prior to the end of the minimum lease term or subleases for which estimated cash flows do not fully cover the costs of the associated lease. The Company committed to a decision to exit and sublease or cease use of certain facilities to align with the Company’s anticipated operating needs and incurred impairment charges related to real estate operating right-of-use assets of $13.0 million and $55.3 million during the years ended December 31, 2023 and December 31, 2022. Refer to Note 16 “Restructuring” to the consolidated financial statements for further information.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. Intangible assets resulting from the acquisition of entities are accounted for using the purchase method of accounting based on management’s estimate of the fair value of assets received. Intangible assets are amortized on a straight-line basis over the estimated useful lives which range from two
Impairment Long-Lived Assets	Impairment of Long-Lived Assets
Software Development Costs	Software Development Costs
Insurance Reserves and Insurance-related Accruals	Insurance Reserves and Insurance-related Accruals The Company utilizes both a wholly-owned captive insurance subsidiary and third-party insurance, which may include deductibles and self-insured retentions, to insure or reinsure costs including auto liability, uninsured and underinsured motorist, auto physical damage, first party injury coverages including personal injury protection under state law and general business liabilities up to certain limits. The recorded liabilities reflect the estimated cost for claims incurred but not paid and claims that have been incurred but not yet reported and any estimable administrative run-out expenses related to the processing of these outstanding claim payments. Liabilities are determined on a quarterly basis by internal actuaries through an analysis of historical trends, and changes in claims experience, including consideration of new information and application of loss development factors, and frequency and severity assumptions, among other inputs and assumptions for the insurance reserves and insurance-related accruals. On an annual basis or more frequently as determined by management, an independent third-party actuary will evaluate the liabilities for appropriateness with claims reserve valuations. Insurance claims may take years to completely settle, and the Company has available limited historical loss experience because of the limited operational history. The Company makes certain assumptions based on currently available information and industry statistics, with the loss development factors as the most significant assumption related to the insurance reserves and the frequency and severity assumptions as the most significant assumptions related to insurance-related accruals, and utilizes actuarial models and techniques to estimate the reserves. A number of factors can affect the actual cost of a claim, including the length of time the claim remains open, economic and healthcare cost trends and the results of related litigation. Furthermore, claims may emerge in future years for events that occurred in a prior year at a rate that differs from previous actuarial projections. The impact of these factors on ultimate costs for insurance is difficult to estimate and could be material. However, while the Company believes that the insurance reserve and insurance-related accrual amounts are adequate, the ultimate liabilities may be in excess of, or less than, the amounts provided. As a result, the net amounts that will ultimately be paid to settle the liabilities and when amounts will be paid may significantly vary from the estimated amounts provided for on the consolidated balance sheets. For example, disruptive factors may distort data, metrics and patterns and result in rapid increases in insurance cost and reserve deficiency. These disruptive factors can include recent economic conditions and ongoing global events such as the high inflationary environment, increased litigation, and higher than expected losses across the commercial auto industry. The Company continues to review its insurance estimates in a regular, ongoing process as historical loss experience develops, additional claims are reported and settled, and the legal, regulatory and economic environment evolves. On April 22, 2021, PVIC entered into a Reinsurance Agreement with DARAG, under which DARAG reinsured a legacy portfolio of auto insurance policies, based on reserves in place as of March 31, 2021, for $183.2 million of coverage above the liabilities recorded as of that date (the “Reinsurance Transaction”). Under the terms of the Reinsurance Agreement, PVIC ceded to DARAG approximately $251.3 million of certain legacy insurance liabilities for policies underwritten during the period of October 1, 2018 to October 1, 2020, with an aggregate limit of $434.5 million, for a premium of $271.5 million. Losses ceded under the Reinsurance Agreement that exceed $271.5 million, but are below the aggregate limit of $434.5 million, resulted in the recognition of a deferred gain liability. The deferred gain liability was amortized and recognized as a benefit to the statement of operations over the estimated remaining settlement period of the ceded reserves. The settlement period of the ceded reserves was based on the life-to-date cumulative losses collected and likely extends over periods longer than a quarter. The amount of the deferral that was amortized was recalculated each period based on loss payments and updated estimates of the portfolio’s total losses. When the amount and timing of the reinsurance recoveries were uncertain, the recovery method was used to calculate the amount of amortization in period. The deferral of gains had a negative impact in the respective period to cost of revenue as the losses on direct liabilities were not offset by gains from excess benefits under the Reinsurance Agreement. The amortization of these deferred gains provided a benefit to cost of revenue over multiple periods equal to the excess benefits received. Deferred gain liabilities for the Reinsurance Transaction were included in accruals and other current liabilities on the consolidated balance sheets.
Net Loss Per Share	Net Loss Per Share The Company follows the two-class method when computing net loss per common share when shares are issued that meet the definition of participating securities. The two-class method determines net loss per common share for each class of common stock and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The two-class method requires income available to common stockholders for the period to be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. The Company had no participating securities outstanding during any of the periods presented. Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. The diluted net loss per share is computed by giving effect to all potentially dilutive securities outstanding for the period. For periods in which the Company reports net losses, diluted net loss per common share attributable to common stockholders is the same as basic net loss per common share attributable to common stockholders, because potentially dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.
Variable Interest Entities	Variable Interest Entities In accordance with Accounting Standards Codification Topic 810, Consolidation (“ASC 810”), the Company evaluates its ownership, contractual and other interests in entities to assess whether it has a variable interest in entities in which it has a financial relationship and, if so, whether or not those entities are variable interest entities (“VIEs”). These evaluations are complex, involving judgment and the use of estimates and assumptions based on available historical and prospective information, among other factors. For an entity to qualify as a VIE, ASC 810 requires the Company to determine if the Company is the primary beneficiary of the VIE, and, if so, to consolidate such entity into its consolidated financial statements. The Company consolidates VIEs in which it has a controlling financial interest and is therefore deemed the primary beneficiary. A controlling financial interest will have both of the following characteristics: (a) the power to direct the VIE activities that most significantly impact economic performance; and (b) the obligation to absorb the VIE losses and the right to receive benefits that are significant to the VIE. Periodically, the Company reevaluates its ownership, contractual and other interests in entities to determine whether any changes in its interest or relationship with an entity impacts the determination of whether it is still the primary beneficiary of such entity. The Company has determined that it was the primary beneficiary of one VIE as of December 31, 2023.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements In August 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging— Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”, which simplifies the accounting for convertible instruments by eliminating the requirement to separate embedded conversion features from the host contract when the conversion features are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital. By removing the separation model, a convertible debt instrument will be reported as a single liability instrument with no separate accounting for embedded conversion features. This new standard also removes certain settlement conditions that are required for contracts to qualify for equity classification and simplifies the diluted earnings per share calculations by requiring that an entity use the if-converted method and that the effect of potential share settlement be included in diluted earnings per share calculations. This new standard is effective for the Company for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. The Company adopted this standard effective January 1, 2022, using the modified retrospective method. In the consolidated balance sheets, the adoption of this new guidance resulted in: • an increase of $133.5 million to the total carrying value of the convertible senior notes to reflect the full principal amount of the convertible senior notes outstanding net of issuance costs, • a reduction of $140.0 million (net of tax) to additional paid-in capital to remove the equity component separately recorded for the conversion features associated with the convertible senior notes, and • a cumulative-effect adjustment of $6.5 million (net of tax) to the beginning balance of accumulated deficit as of January 1, 2022. In October 2021, the FASB issued ASU No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers” (“ASU 2021-08”), which requires companies to apply the definition of a performance obligation under ASC 606, Revenue from Contracts with Customers, to recognize and measure contract assets and contract liabilities relating to contracts with customers that are acquired in a business combination. This will result in the acquirer recording acquired contract assets and liabilities on the same basis that would have been recorded by the acquiree before the acquisition under ASC 606. This new standard became effective for the Company for fiscal years beginning after December 15, 2022, including interim periods within that fiscal year, with early adoption permitted. The Company adopted ASU 2021-08 in the second quarter of 2022 on a prospective basis. There were no acquisitions in the first quarter of 2022. In December 2022, the FASB issued ASU No. 2022-06, which defers the sunset date of “Reference Rate Reform (Topic 848)”, from December 31, 2022 to December 31, 2024. ASC 848 provides temporary relief relating to the potential accounting impact relating to the replacement of LIBOR or other reference rates expected to be discounted as a result of reference rate reform. ASU 2022-06 is effective immediately for all entities. This accounting standard update did not have a material impact on our consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”, which clarifies guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security to contractual restrictions that prohibit the sale of an equity security and to introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. This new standard will be effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within that fiscal year, with early adoption permitted. This accounting standard update is not expected to have a material impact on our consolidated financial statements as the amendments align with our existing policy. In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”, which amends and enhances the disclosure requirements for reportable segments. All disclosure requirements under this standard will also be required for public entities with a single reportable segment. The new standard will be effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within fiscal years beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Revenues	The table below presents the Company's revenues as included on the consolidated statements of operations (in thousands): Year Ended December 31, 2023 2022 2021 Revenue from contracts with customers (ASC 606) $ 4,116,216 $ 3,811,993 $ 2,957,979 Rental revenue (ASC 842) 287,373 283,142 250,344 Total revenue $ 4,403,589 $ 4,095,135 $ 3,208,323
Schedule of Accounts receivable, Allowance for Credit Loss	The following table provides a rollforward of the Company’s allowance for credit losses for the periods presented (in millions): Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 11.6 $ 9.3 $ 15.2 Changes to provision (0.4) 1.9 (4.5) Write-offs and recoveries (1.4) 0.4 (1.4) Balance at end of period $ 9.8 $ 11.6 $ 9.3

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Assets Acquired And Liabilities Assumed	The following table summarizes the fair value of the assets acquired and liabilities assumed at the Closing Date (in thousands): Cash and cash equivalents $ 2,665 Prepaid expenses and other current assets 34,845 Other investments 22,175 Property and equipment 2,202 Operating lease right-of-use assets 786 Identifiable intangible assets 45,047 Total identifiable assets acquired 107,720 Accounts payable 6,004 Accrued and other liabilities 3,344 Operating lease liabilities — current 292 Operating lease liabilities 494 Other liabilities 14,678 Total liabilities assumed 24,812 Non-controlling interest (recorded to equity) 140 Net assets assumed 82,768 Goodwill 80,748 Total acquisition consideration $ 163,516
Schedule of Fair Value and Useful Lives of Identified Intangible Assets	The Company recorded intangible assets at their fair value, which consisted of the following (in thousands): Estimated useful life (in years) Amount Tradename 2 $ 1,009 Customer relationships – cities 7 - 11 22,157 Developed technology (hardware and software) 2 - 3 21,881 Total intangible assets $ 45,047

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands): Balance as of December 31, 2021 $ 180,516 Additions 81,108 Foreign currency translation and other adjustments (42) Balance as of December 31, 2022 $ 261,582 Additions — Foreign currency translation and other adjustments (3,791) Balance as of December 31, 2023 $ 257,791
Schedule of Intangible Assets, Net	Intangible assets, net consisted of the following as of the dates indicated (in thousands): December 31, 2023 Weighted-average Gross Carrying Accumulated Net Carrying Developed technology and patents 2.2 $ 41,568 $ 29,540 $ 12,028 Contractual relationship – cities and user relationships 6.8 100,725 53,238 47,487 Total intangible assets $ 142,293 $ 82,778 $ 59,515 December 31, 2022 Weighted-average Gross Carrying Accumulated Net Carrying Developed technology and patents 2.3 $ 41,262 $ 20,424 $ 20,838 Contractual relationship – cities and user relationships 8.2 100,429 45,059 55,370 Total intangible assets $ 141,691 $ 65,483 $ 76,208
Schedule of Future Amortization Expense	As of December 31, 2023, future amortization of intangible assets that will be recorded in cost of revenue and operating expenses is estimated as follows (in thousands). Year ended December 31: 2024 $ 18,066 2025 8,568 2026 8,345 2027 8,345 2028 8,345 Thereafter 7,846 Total remaining amortization $ 59,515

Supplemental Financial Statem_2

Supplemental Financial Statement Information (Tables)	12 Months Ended
	Dec. 31, 2023
Additional Financial Information Disclosure [Abstract]
Summary of Cash Equivalents and Short-Term Investments	The following tables summarize the cost or amortized cost, gross unrealized gain, gross unrealized loss and fair value of the Company’s cash equivalents and short-term investments as of the dates indicated (in thousands): December 31, 2023 Cost or Unrealized Estimated Gains Losses Unrestricted Balances (1) Money market funds $ 28,351 $ — $ — $ 28,351 Money market deposit accounts 117,626 — — 117,626 Certificates of deposit 179,607 200 (4) 179,803 Commercial paper 918,278 584 (331) 918,531 Corporate bonds 29,171 6 (5) 29,172 U.S. government securities 231,926 82 — 232,008 Total unrestricted cash equivalents and short-term investments 1,504,959 872 (340) 1,505,491 Restricted Balances (2) Money market funds 44,241 — — 44,241 Term deposits 3,539 — — 3,539 Certificates of deposit 144,935 175 (1) 145,109 Commercial paper 618,854 366 (146) 619,074 Corporate bonds 12,409 3 (1) 12,411 U.S. government securities 224,635 84 — 224,719 Total restricted cash equivalents and investments 1,048,613 628 (148) 1,049,093 Total unrestricted and restricted cash equivalents and investments $ 2,553,572 $ 1,500 $ (488) $ 2,554,584 _______________ (1) Excludes $179.7 million of cash, which is included within the $1.7 billion of cash and cash equivalents and short-term investments on the consolidated balance sheets. (2) Excludes $1.4 million of restricted cash, which is included within the $1.0 billion of restricted cash and cash equivalents and restricted short-term investments on the consolidated balance sheets. December 31, 2022 Cost or Unrealized Estimated Gains Losses Unrestricted Balances (1) Money market funds $ 3,276 $ — $ — $ 3,276 Money market deposit accounts 126,994 — — 126,994 Term deposits 5,000 — — 5,000 Certificates of deposit 502,374 295 (510) 502,159 Commercial paper 964,410 403 (1,663) 963,150 Corporate bonds 61,605 — (104) 61,501 U.S. government securities 7,059 1 — 7,060 Total unrestricted cash equivalents and short-term investments 1,670,718 699 (2,277) 1,669,140 Restricted Balances (2) Money market funds 93,362 — — 93,362 Term deposits 3,539 — — 3,539 Certificates of deposit 355,241 174 (437) 354,978 Commercial paper 596,213 243 (865) 595,591 Corporate bonds 14,933 — (17) 14,916 U.S. government securities 74,699 2 (167) 74,534 Total restricted cash equivalents and investments 1,137,987 419 (1,486) 1,136,920 Total unrestricted and restricted cash equivalents and investments $ 2,808,705 $ 1,118 $ (3,763) $ 2,806,060 _______________ (1) Excludes $126.5 million of cash and $1.1 million in marketable equity securities, which is included within the $1.8 billion of cash and cash equivalents and short-term investments on the consolidated balance sheets. (2) Excludes $1.3 million of restricted cash, which is included within the $1.1 billion of restricted cash and cash equivalents and restricted short-term investments on the consolidated balance sheets.
Schedule of AFS Debt Securities	The following table summarizes the Company’s available-for-sale debt securities in an unrealized loss position for which no allowance for credit losses was recorded, aggregated by major security type (in thousands): December 31, 2023 Estimated Fair Value Unrealized Losses Certificates of deposit $ 31,945 $ (5) Corporate bonds 14,621 (6) Commercial paper 128,645 (473) Total available-for-sale debt securities in an unrealized loss position $ 175,211 $ (484)
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following as of the dates indicated (in thousands): December 31, 2023 2022 Bike and scooter fleet $ 240,137 $ 179,330 Owned vehicles 197,703 143,391 Finance lease right-of-use assets 80,934 32,887 Leasehold improvements 77,230 91,334 Computer equipment and software 38,911 36,271 Furniture and fixtures 5,867 5,602 Construction in progress 72,257 48,523 713,039 537,338 Less: Accumulated depreciation (247,195) (223,936) Property and equipment, net $ 465,844 $ 313,402
Schedule of Accrued and Other Current Liabilities	Accrued and other current liabilities consisted of the following as of the dates indicated (in thousands): December 31, 2023 2022 Insurance-related accruals (1) $ 643,147 $ 566,831 Legal and tax related accruals 296,336 458,209 Ride-related accruals 212,114 181,138 Long-term debt, current 25,798 36,287 Insurance claims payable and related fees 52,609 53,280 Deferred gain related to the Reinsurance Transaction (2) — 2,357 Other 278,851 263,507 Accrued and other current liabilities $ 1,508,855 $ 1,561,609 _______________ (1) Refer to Note 2 “Summary of Significant Accounting Policies” above for more information on these insurance-related accruals. (2)
Summary of Rollforward of the Insurance Reserve	The following table provides a rollforward of the insurance reserve for the periods presented (in thousands): Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 1,417,350 $ 1,068,628 $ 987,064 Additions (1) 516,337 1,146,482 772,323 Deductions (2) (595,819) (797,760) (690,759) Balance at end of period $ 1,337,868 $ 1,417,350 $ 1,068,628 _______________ (1) Additions to insurance reserves include reserves from claims originating from the current year of $512.3 million, $333.9 million and $271.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. Additions to insurance reserves also include $561.2 million and $255.4 million for the years ended December 31, 2022 and 2021, respectively, for adverse changes in estimates resulting from new developments in claims originating from prior years. Additions also include adjustments related to the Commutation Transaction of $4.0 million and $247.4 million for the years ended December 31, 2023 and 2022, respectively, and $4.0 million and $245.2 million of reinsurance recoverable for the years ended December 31, 2022 and 2021, respectively. See below for more details of the "Commutation of the Reinsurance Agreement". (2)
Schedule of Other Income (Expense), Net	The following table sets forth the primary components of other income (expense), net as reported on the consolidated statements of operations (in thousands): Year Ended December 31, 2023 2022 2021 Interest income $ 145,728 $ 47,142 $ 9,074 (Loss) Gain on sale of securities, net (243) (287) 687 Foreign currency exchange gains (losses), net 3,657 (4,387) 788 Sublease income 4,849 11,591 6,624 Gain on equity method investment (1) 12,926 — — Gain from transaction with Woven Planet — — 119,284 Impairment charges (2) — (135,714) — Other, net 3,206 (18,333) (524) Other income (expense), net $ 170,123 $ (99,988) $ 135,933 _______________ (1) In the quarter ended June 30, 2023, the Company received investments in a non-marketable equity security in a privately held company. Refer to Note 17 “Variable Interest Entities” for more information on this transaction. (2) In the third quarter of 2022, the Company impaired the entire amount of a non-marketable equity investment in addition to other assets with the investee. This impairment was triggered due to the announced winding down of the equity investee. Refer to Note 7 “Fair Value Measurements” for additional details.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Financial Instruments Measured at Fair Value on Recurring Basis	The following tables set forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis as of the dates indicated by level within the fair value hierarchy (in thousands): December 31, 2023 Level 1 Level 2 Level 3 Total Assets Unrestricted cash equivalents and investments (1) Money market funds $ 28,351 $ — $ — $ 28,351 Certificates of deposit — 179,803 — 179,803 Commercial paper — 918,531 — 918,531 Corporate bonds — 29,172 — 29,172 U.S. government securities — 232,008 — 232,008 Total unrestricted cash equivalents and short-term investments 28,351 1,359,514 — 1,387,865 Restricted cash equivalents and investments (2) Money market funds 44,241 — — 44,241 Certificates of deposit — 145,109 — 145,109 Commercial paper — 619,074 — 619,074 Corporate bonds — 12,411 — 12,411 U.S. government securities — 224,719 — 224,719 Total restricted cash equivalents and investments 44,241 1,001,313 — 1,045,554 Total financial assets 72,592 2,360,827 — 2,433,419 _______________ (1) $179.7 million of cash, $117.6 million of money market deposit accounts and $3.5 million of term deposits are not subject to recurring fair value measurement and therefore excluded from this table. However, these balances are included within the $1.7 billion of cash and cash equivalents and short-term investments on the consolidated balance sheets. (2) $1.4 million of restricted cash is not subject to recurring fair value measurement and therefore excluded from this table. However, these balances are included within the $1.0 billion of restricted cash and cash equivalents and restricted short-term investments on the consolidated balance sheets. December 31, 2022 Level 1 Level 2 Level 3 Total Assets Unrestricted cash equivalents and investments (1) Money market funds $ 3,276 $ — $ — $ 3,276 Certificates of deposit — 502,159 — 502,159 Commercial paper — 963,150 — 963,150 Corporate bonds — 61,501 — 61,501 U.S. government securities — 7,060 — 7,060 Total unrestricted cash equivalents and short-term investments 3,276 1,533,870 — 1,537,146 Restricted cash equivalents and investments (2) Money market funds 93,362 — — 93,362 Certificates of deposit — 354,978 — 354,978 Commercial paper — 595,591 — 595,591 Corporate bonds — 14,916 — 14,916 U.S. government securities — 74,534 — 74,534 Total restricted cash equivalents and investments 93,362 1,040,019 — 1,133,381 Marketable equity securities (3) 1,136 — — 1,136 Total financial assets $ 97,774 $ 2,573,889 $ — $ 2,671,663 Liabilities Contingent consideration (4) $ — $ — $ 15,000 $ 15,000 Total financial liabilities $ — $ — $ 15,000 $ 15,000 _______________ (1) $126.5 million of cash, $127.0 million of money market deposit accounts and $5.0 million of term deposits are not subject to recurring fair value measurement and therefore excluded from this table. However, these balances are included within the $1.8 billion of cash and cash equivalents and short-term investments on the consolidated balance sheets. (2) $1.3 million of restricted cash and $3.5 million of a restricted term deposit are not subject to recurring fair value measurement and therefore excluded from this table. However, these balances are included within the $1.1 billion of restricted cash and cash equivalents and restricted short-term investments on the consolidated balance sheets. (3) Included in other investments on the consolidated balance sheets. (4) In the second quarter of 2022, the Company completed the acquisition of PBSC which included up to $15.0 million in contingent consideration to be paid over the next year. The contingent consideration was classified as a liability and is included in accrued and other current liabilities on the consolidated balance sheets. Refer to Note 3 "Acquisitions" to the consolidated financial statements for information regarding this contingent consideration.
Summary of Reconciliation of Level 3 Financial Liabilities	The following table provides a reconciliation of the Company’s Level 3 financial liabilities (in thousands): Year Ended December 31, 2023 2022 Balance at beginning of period $ 15,000 $ — Additions — 14,100 Payments (15,000) — Change in fair value — 900 Balance at end of period (1) $ — $ 15,000 _______________ (1) Relates to the contingent consideration from the acquisition of PBSC in the second quarter of 2022 which was paid out during the second quarter of 2023. The contingent consideration was classified as a liability and was included in accrued and other current liabilities on the consolidated balance sheets. Refer to Note 3 "Acquisitions" to the consolidated financial statements for information regarding this contingent consideration.
Summary of Reconciliation of Level 3 Financial Assets	The following table provides a reconciliation of the Company’s financial assets measured at fair value on a non-recurring basis within other investments on the consolidated balance sheets (in thousands): Year Ended December 31, 2023 2022 Balance at beginning of period $ 5,903 $ 80,411 Additions (1) — 64,044 Change in fair value (2) (19) (138,552) Balance at end of period $ 5,884 $ 5,903 _______________ (1) Relates to non-marketable equity securities included in other investments on the consolidated balance sheets. (2)

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Lease Position	The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheets (in thousands, except for remaining lease terms and percentages): December 31, 2023 December 31, 2022 Operating Leases Assets Operating lease right-of-use assets (1) $ 98,202 $ 135,213 Liabilities Operating lease liabilities, current $ 42,556 $ 45,803 Operating lease liabilities, non-current 134,102 176,356 Total operating lease liabilities $ 176,658 $ 222,159 Finance Leases Assets Finance lease right-of-use assets (2) $ 80,933 $ 32,887 Liabilities Finance lease liabilities, current (3) 25,193 15,053 Finance lease liabilities, non-current (4) 61,321 19,921 Total finance lease liabilities $ 86,514 $ 34,974 Weighted-average remaining lease term (years) Operating leases 4.5 5.1 Finance leases 3.4 2.5 Weighted-average discount rate Operating leases 6.7 % 6.4 % Finance leases 6.7 % 5.2 % _______________ (1) The Company committed to a decision to exit and sublease or cease use of certain facilities to align with the Company’s anticipated operating needs and incurred charges related to real estate operating right-of-use assets of $13.0 million and $55.3 million during the years ended December 31, 2023 and 2022, respectively. (2) This balance is included within property and equipment, net on the consolidated balance sheets and is primarily related to Flexdrive. (3) This balance is included within other current liabilities on the consolidated balance sheets and is primarily related to Flexdrive. (4)
Schedule of Lease Costs and Supplemental Cash Flow Information	The table below presents certain information related to the costs for operating leases and finance leases for the year ended December 31, 2023 (in thousands): Year Ended December 31, 2023 2022 Operating Leases Operating lease cost $ 40,450 $ 67,283 Finance Leases Amortization of right-of-use assets 19,847 15,124 Interest on lease liabilities 3,449 1,034 Other Lease Costs Short-term lease cost 3,749 5,355 Variable lease cost (1) 10,270 17,040 Total lease cost $ 77,765 $ 105,836 _______________ (1) Consists primarily of common-area maintenance, taxes and utilities for real estate leases, and certain vehicle related charges under the Flexdrive program. The table below presents certain supplemental information related to the cash flows for operating and finance leases recorded on the consolidated statements of cash flows (in thousands): Year Ended December 31, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 59,318 $ 76,188 Operating cash flows from finance leases 3,558 1,095 Financing cash flows from finance leases 43,466 34,783
Schedule of Operating Lease Liabilities	The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the consolidated balance sheet as of December 31, 2023 (in thousands): Operating Leases Finance Leases Total Leases 2024 $ 55,689 $ 29,601 $ 85,290 2025 46,402 27,549 73,951 2026 32,576 20,336 52,912 2027 27,652 9,863 37,515 2028 19,826 10,689 30,515 Thereafter 23,700 — 23,700 Total minimum lease payments 205,845 98,038 303,883 Less: amount of lease payments representing interest (29,187) (11,524) (40,711) Present value of future lease payments 176,658 86,514 263,172 Less: current obligations under leases (42,556) (25,193) (67,749) Long-term lease obligations $ 134,102 $ 61,321 $ 195,423
Schedule of Finance Lease Liabilities	The table below reconciles the undiscounted cash flows for each of the first five years and total of the remaining years to the lease liabilities recorded on the consolidated balance sheet as of December 31, 2023 (in thousands): Operating Leases Finance Leases Total Leases 2024 $ 55,689 $ 29,601 $ 85,290 2025 46,402 27,549 73,951 2026 32,576 20,336 52,912 2027 27,652 9,863 37,515 2028 19,826 10,689 30,515 Thereafter 23,700 — 23,700 Total minimum lease payments 205,845 98,038 303,883 Less: amount of lease payments representing interest (29,187) (11,524) (40,711) Present value of future lease payments 176,658 86,514 263,172 Less: current obligations under leases (42,556) (25,193) (67,749) Long-term lease obligations $ 134,102 $ 61,321 $ 195,423

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Minimum Payments Under Noncancelable Purchase Commitments	As of December 31, 2023, the future minimum payments under the Company’s noncancellable purchase commitments, which are inclusive of the arrangements mentioned above, were as follows (in thousands) : 2024 $ 8,800 2025 89,092 2026 89,396 2027 17,711 2028 — Thereafter — Total future minimum payments $ 204,999

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Outstanding Debt Obligations and Interest Expense Related to Convertible Debt	Outstanding debt obligations as of December 31, 2023 were as follows (in thousands): Maturities Interest Rates as of December 31, 2023 December 31, 2023 December 31, 2022 Convertible senior notes May 2025 1.50% $ 743,486 $ 740,609 Non-revolving Loan 2024 2.88% - 2.91% 3,115 24,429 Master Vehicle Loan 2024 - 2026 2.60% - 7.10% 118,559 74,456 Total long-term debt, including current maturities $ 865,160 $ 839,494 Less: long-term debt maturing within one year 25,798 36,287 Total long-term debt $ 839,362 $ 803,207 The following table sets forth the primary components of interest expense as reported on the consolidated statements of operations (in thousands): Year Ended December 31, 2023 2022 2021 Contractual interest expense related to the 2025 Notes $ 11,212 $ 11,212 11,212 Amortization of debt discount and issuance costs (1) 2,877 2,928 35,575 Interest expense related to vehicle loans and other 12,134 5,595 4,848 Interest expense $ 26,223 $ 19,735 $ 51,635 _______________ (1)
Schedule of Convertible Notes	The net carrying amounts of the liability component of the 2025 Notes were as follows (in thousands): December 31, 2023 Principal $ 747,498 Unamortized debt discount and debt issuance costs (4,012) Net carrying amount of liability component $ 743,486
Schedule of Maturities of Long-term Debt Outstanding	Maturities of long-term debt outstanding, including current maturities, as of December 31, 2023 were as follows (in thousands): 2024 $ 25,798 2025 781,495 2026 57,867 2027 — 2028 — Thereafter — Total long-term debt outstanding $ 865,160

Common Stock and Employee Sto_2

Common Stock and Employee Stock Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Common Stock Reserved for Future Issuance	The following table summarizes the Company’s shares of common stock reserved for issuance as of December 31, 2023: Options issued and outstanding under the 2008 Plan 779,942 RSUs outstanding under the 2008 Plan, the 2018 Plan, and the 2019 Plan 30,090,811 Remaining shares available for future issuance under the 2019 ESPP Plan and the 2019 Plan 57,814,909
Schedule of Stock Options Activity	The summary of stock option activity is as follows (in thousands, except per share data): Options Outstanding Number of Weighted- Weighted- Aggregate (in years) Balance as of December 31, 2022 993 $ 4.87 1.9 $ 6,109 Exercises (201) 6.00 Forfeitures — — Cancellations (12) 1.54 Balance as of December 31, 2023 780 $ 4.63 1.0 $ 8,079
Schedule of Restricted Stock Unit Activity	The summary of restricted stock unit activity (“RSU”) is as follows (in thousands, except per share data): Number of Weighted- Aggregate Nonvested units as of December 31, 2022 22,315 $ 28.15 $ 244,926 Granted 44,507 8.96 Vested (28,397) 18.77 Canceled (8,334) 24.62 Nonvested units as of December 31, 2023 30,091 $ 9.40 $ 449,994 Expected to vest as of December 31, 2023 29,610 $ 443,855
Schedule of Stock-Based Compensation Expense	The Company recorded stock-based compensation expense on the consolidated statements of operations for the periods indicated as follows (in thousands): Year Ended December 31, 2023 2022 2021 Cost of revenue $ 30,170 $ 44,132 $ 39,491 Operations and support 15,468 25,442 24,083 Research and development 214,160 391,983 414,324 Sales and marketing 29,682 49,867 38,243 General and administrative 195,053 239,343 208,419 Total stock-based compensation expense $ 484,533 $ 750,767 $ 724,560

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
U.S. and Foreign Components of Loss Before Income Taxes	The components of the provision for income taxes for the periods indicated are as follows (in thousands): Year Ended December 31, 2023 2022 2021 United States $ (348,050) $ (1,600,323) $ (1,072,489) Foreign 16,346 21,684 21,570 Loss before income taxes $ (331,704) $ (1,578,639) $ (1,050,919)
Components of Provision for Income Taxes	The provision for income taxes for the periods indicated are as follows (in thousands): Year Ended December 31, 2023 2022 2021 Current provision Federal $ — $ — $ — State 3,762 1,256 1,272 Foreign 7,239 4,240 7,228 Total current $ 11,001 $ 5,496 $ 8,500 Deferred provision Federal 481 481 639 State (337) 1,256 — Foreign (2,529) (1,361) 2,086 Total deferred (2,385) 376 2,725 Total provision for (benefit from) income taxes $ 8,616 $ 5,872 $ 11,225
Reconciliation of Statutory Federal Income Tax Rate to the Effective Rate	A reconciliation of the U.S. federal statutory income tax rates to the Company’s effective tax rate is as follows: Year Ended December 31, 2023 2022 2021 Provision at federal statutory rate 21.0 % 21.0 % 21.0 % State, net of federal benefit 9.7 2.1 2.6 Permanent tax adjustments (1.1) (0.4) (0.2) Nondeductible expenses (8.3) (0.7) (1.1) Stock-based compensation (15.1) (4.9) 2.5 Executive compensation (2.4) — — Change in valuation allowance (2.5) (17.1) (25.2) Deferred adjustments (3.2) — — Other adjustments (0.7) (0.4) (0.7) Provision for income taxes (2.6) % (0.4) % (1.1) %
Schedule of Deferred Tax Assets and Liabilities	The significant components of the Company’s deferred tax assets and liabilities as of the periods indicated were as follows (in thousands): December 31, 2023 2022 Deferred tax assets: Net operating loss carryforwards $ 2,084,523 $ 2,127,233 Insurance reserves and accruals 314,526 296,423 Stock-based compensation 12,091 19,132 Research capitalization 240,354 163,370 Accrued legal settlement/fees 87,310 114,963 Lease liability 73,497 55,579 Accrued and other liabilities 39,576 76,311 Capital losses 34,965 — Other assets 415 — Total deferred tax assets 2,887,257 2,853,011 Less: Valuation allowance (2,715,841) (2,706,982) Deferred tax assets, net of valuation allowance 171,416 146,029 Deferred tax liabilities: State income taxes (133,859) (124,982) Operating lease right of use assets (50,004) (36,379) Total deferred tax liabilities (183,863) (161,361) Net deferred tax assets $ (12,447) $ (15,332)
Summary of Rollforward of Valuation Allowance	A reconciliation of the valuation allowance is as follows (in thousands): Year Ended December 31, 2023 2022 2021 Beginning balance $ 2,706,982 $ 2,408,647 $ 2,144,548 Net changes in deferred tax assets and liabilities 8,859 298,335 264,099 Ending balance $ 2,715,841 $ 2,706,982 $ 2,408,647

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except per share data): Year Ended December 31, 2023 2022 2021 Net loss $ (340,320) $ (1,584,511) $ (1,062,144) Weighted-average shares used in computing net loss per share, basic and diluted 385,335 354,731 334,724 Net loss per share, basic and diluted $ (0.88) $ (4.47) $ (3.17)
Schedule of Outstanding Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Loss Per Share	The following potentially dilutive outstanding shares were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an anti-dilutive effect, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands): As of December 31, 2023 2022 2021 2025 Notes (1) 19,471 19,471 19,471 Restricted stock units 15,538 20,542 16,285 Performance based restricted stock units 14,553 1,773 831 Stock options 780 993 1,105 ESPP 111 307 115 Total 50,453 43,086 37,807 _______________ (1) In connection with the issuance of the 2025 Notes, the Company entered into Capped Calls, which were not included for purposes of calculating the number of diluted shares outstanding, as their effect would have been anti-dilutive. The Capped Calls are expected to reduce the potential dilution to the Company's Class A common stock (or, in the event a conversion of the 2025 Notes is settled in cash, to reduce its cash payment obligation) in the event that at the time of conversion of the 2025 Notes the Company's Class A common stock price exceeds the conversion price of the 2025 Notes.

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Related Charges (Benefits)	The following table summarizes the above restructuring related charges by line item within the Company’s consolidated statements of operations where they were recorded in the year ended December 31, 2023 (in thousands): Stock-Based Compensation Severance and Other Employee Costs Right-of-Use Asset Impairments and Other Costs Accelerated Depreciation Total Cost of revenue $ 667 $ 3,204 $ — $ — $ 3,871 Operation and support 259 3,054 5,268 669 9,250 Research and development 4,539 21,254 — — 25,793 Sales and marketing 1,045 5,191 — — 6,236 General and administrative 3,213 14,535 400 — 18,148 Total $ 9,723 $ 47,238 $ 5,668 $ 669 $ 63,298 The following table summarizes the above restructuring related charges by line item within the Company’s consolidated statements of operations where they were recorded in the year ended December 31, 2023 (in thousands): Stock-Based Compensation Severance and Other Employee Costs Right-of-Use Asset Impairments and Other Costs Accelerated Depreciation Total Cost of revenue $ — $ 1,101 $ — $ — $ 1,101 Operation and support 205 3,127 9,453 305 13,090 Research and development — 20 2,534 — 2,554 Sales and marketing — 14 — — 14 General and administrative — 64 7,604 16 7,684 Total $ 205 $ 4,326 $ 19,591 $ 321 $ 24,443 The following table summarizes the above restructuring related charges (benefits) by line item within the Company’s consolidated statements of operations where they were recorded in the year ended December 31, 2022 (in thousands): Stock-Based Compensation Severance and Other Employee Costs Right-of-Use Asset Impairments and Other Costs Accelerated Depreciation Total Cost of revenue $ 182 $ 1,612 $ — $ — $ 1,794 Operation and support (31) 5,173 4,851 8,680 $ 18,673 Research and development 3,818 9,706 15,393 36 $ 28,953 Sales and marketing 458 3,123 — — $ 3,581 General and administrative 5,082 9,861 37,120 15,192 $ 67,255 Total $ 9,509 $ 29,475 $ 57,364 $ 23,908 $ 120,256

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)		12 Months Ended
	Apr. 22, 2021 USD ($)	Dec. 31, 2023 USD ($) vie segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 01, 2022 USD ($)
Significant Accounting Policies
Number of operating segments | segment		1
Accounts receivable		$ 315,000,000	$ 278,900,000	$ 196,200,000
Revenue		4,403,589,000	4,095,135,000	3,208,323,000
Sales and marketing		481,004,000	531,512,000	411,406,000
Advertising expenses		122,000,000	162,100,000	145,400,000
Prepaid expenses and other current assets		892,235,000	786,067,000
Impairment loss		13,000,000	55,300,000
Goodwill impairment		0	0	0
Impairment of long-lived assets		0	0	0
Capitalized software development costs		$ 8,100,000	12,100,000	16,200,000
Number of vie's | vie		1
Net carrying amount of liability component		$ 865,160,000	839,494,000
Additional paid-in capital		10,827,378,000	10,335,013,000
Accumulated deficit		(10,280,915,000)	(9,940,595,000)
DARAG Bermuda LTD
Significant Accounting Policies
Reserves for current period	$ 183,200,000
Pacific Valley Insurance Company, Inc. | DARAG Bermuda LTD
Significant Accounting Policies
Transfer of certain legacy auto insurance liabilities	251,300,000
Reinsurance obligations	434,500,000
Unearned premiums	$ 271,500,000
Sales and marketing
Significant Accounting Policies
Credit and refund payments		19,700,000	21,500,000	19,100,000
Cost of revenue
Significant Accounting Policies
Credit and refund payments		6,200,000	7,800,000	6,500,000
Cumulative Effect, Period of Adoption, Adjustment
Significant Accounting Policies
Additional paid-in capital					$ (140,000,000)
Accumulated deficit					6,500,000
Convertible Senior Notes Due 2025
Significant Accounting Policies
Net carrying amount of liability component		$ 743,486,000	740,609,000
Convertible Senior Notes Due 2025 | Cumulative Effect, Period of Adoption, Adjustment
Significant Accounting Policies
Net carrying amount of liability component					133,500,000
Scooter
Significant Accounting Policies
Estimated useful life of property and equipment		12 months
Depreciation expense		$ 3,400,000	8,600,000	5,900,000
Scooter | Not Yet Placed Into Service
Significant Accounting Policies
Prepaid expenses and other current assets		0	0
Scooter | Placed Into Service
Significant Accounting Policies
Prepaid expenses and other current assets		$ 10,000,000	7,500,000
Adjustments
Significant Accounting Policies
Additional paid-in capital					(140,000,000)
Accumulated deficit					$ (6,500,000)
Minimum
Significant Accounting Policies
Estimated useful lives of intangible assets		2 years
Minimum | Property, Plant and Equipment
Significant Accounting Policies
Estimated useful life of property and equipment		1 year
Maximum
Significant Accounting Policies
Estimated useful lives of intangible assets		12 years
Maximum | Property, Plant and Equipment
Significant Accounting Policies
Estimated useful life of property and equipment		8 years
Ride Share | Revenue, Product and Service Benchmark | Product Concentration Risk
Significant Accounting Policies
Concentration risk percentage		85%
Driver Passenger and Light Vehicle Renter Incentive Programs
Significant Accounting Policies
Sales and marketing		$ 142,500,000	109,800,000	64,700,000
Driver Passenger and Light Vehicle Renter Incentive Programs | Adjustments
Significant Accounting Policies
Revenue		$ (1,100,000,000)	$ (1,400,000,000)	$ (1,300,000,000)

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Revenue from contracts with customers (ASC 606)	$ 4,116,216	$ 3,811,993	$ 2,957,979
Rental revenue (ASC 842)	287,373	283,142	250,344
Total revenue	$ 4,403,589	$ 4,095,135	$ 3,208,323

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Accounts receivable, Allowance for Credit Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss
Balance at beginning of period	$ 11.6	$ 9.3	$ 15.2
Changes to provision	(0.4)	1.9	(4.5)
Write-offs and recoveries	(1.4)	0.4	(1.4)
Balance at end of period	$ 9.8	$ 11.6	$ 9.3

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	May 17, 2022	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Intangible assets, net		$ 59,515		$ 76,208
PBSC Urban Solutions
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Percentage of voting interests acquired (as a percent)	100%
Purchase price	$ 163,500
Fair value of consideration	14,100
Business combination, contingent consideration arrangements, range of outcomes, value, high			$ 15,000		$ 15,000
Intangible assets, net	45,047
PBSC Urban Solutions | Tradename
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Intangible assets, net	$ 1,009
Weighted-average remaining useful life (in years)	2 years
PBSC Urban Solutions | Customer relationships – cities
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Intangible assets, net	$ 22,157
PBSC Urban Solutions | Customer relationships – cities | Minimum
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Weighted-average remaining useful life (in years)	7 years
PBSC Urban Solutions | Customer relationships – cities | Maximum
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Weighted-average remaining useful life (in years)	11 years
PBSC Urban Solutions | Developed technology (hardware and software)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Intangible assets, net	$ 21,881
PBSC Urban Solutions | Developed technology (hardware and software) | Minimum
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Weighted-average remaining useful life (in years)	2 years
PBSC Urban Solutions | Developed technology (hardware and software) | Maximum
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Weighted-average remaining useful life (in years)	3 years

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	May 17, 2022	Dec. 31, 2021
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Goodwill	$ 257,791	$ 261,582		$ 180,516
PBSC Urban Solutions
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Cash and cash equivalents			$ 2,665
Prepaid expenses and other current assets			34,845
Other investments			22,175
Property and equipment			2,202
Operating lease right-of-use assets			786
Identifiable intangible assets			45,047
Total identifiable assets acquired			107,720
Accounts payable			6,004
Accrued and other liabilities			3,344
Operating lease liabilities — current			292
Operating lease liabilities			494
Other liabilities			14,678
Total liabilities assumed			24,812
Non-controlling interest (recorded to equity)			140
Net assets assumed			82,768
Goodwill			80,748
Total acquisition consideration			$ 163,516

Acquisitions - Fair Value and U

Acquisitions - Fair Value and Useful Lives of Identified Intangible Assets Acquired (Details) - USD ($) $ in Thousands	May 17, 2022	Dec. 31, 2023	Dec. 31, 2022
Acquired Finite-Lived Intangible Assets
Intangible assets, net		$ 59,515	$ 76,208
PBSC Urban Solutions
Acquired Finite-Lived Intangible Assets
Intangible assets, net	$ 45,047
PBSC Urban Solutions | Tradename
Acquired Finite-Lived Intangible Assets
Estimated useful life (in years)	2 years
Intangible assets, net	$ 1,009
PBSC Urban Solutions | Customer relationships – cities
Acquired Finite-Lived Intangible Assets
Intangible assets, net	$ 22,157
PBSC Urban Solutions | Customer relationships – cities | Minimum
Acquired Finite-Lived Intangible Assets
Estimated useful life (in years)	7 years
PBSC Urban Solutions | Customer relationships – cities | Maximum
Acquired Finite-Lived Intangible Assets
Estimated useful life (in years)	11 years
PBSC Urban Solutions | Developed technology (hardware and software)
Acquired Finite-Lived Intangible Assets
Intangible assets, net	$ 21,881
PBSC Urban Solutions | Developed technology (hardware and software) | Minimum
Acquired Finite-Lived Intangible Assets
Estimated useful life (in years)	2 years
PBSC Urban Solutions | Developed technology (hardware and software) | Maximum
Acquired Finite-Lived Intangible Assets
Estimated useful life (in years)	3 years

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Thousands		12 Months Ended
	Jul. 13, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Gain from transaction with Woven Planet		$ 0	$ 0	$ 119,284
Deferred revenue liability				42,500
Decrease in assets held for sale				$ 3,400
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Level 5
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations
Proceeds from the sales of assets	$ 515,000
Upfront proceeds from the sales of assets	165,000
Deferred proceeds from the sales of asset	$ 350,000
Unpaid consideration, term	5 years
Gain from transaction with Woven Planet	$ 119,300

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Schedule of Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill
Goodwill, beginning balance	$ 261,582	$ 180,516
Additions	0	81,108
Foreign currency translation and other adjustments	(3,791)	(42)
Goodwill, ending balance	$ 257,791	$ 261,582

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Intangible Assets, Net by Major Class (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-lived intangible assets
Gross Carrying Amount	$ 142,293	$ 141,691
Accumulated Amortization	82,778	65,483
Net Carrying Amount	$ 59,515	$ 76,208
Developed technology and patents
Finite-lived intangible assets
Weighted-average Remaining Useful Life (Years)	2 years 2 months 12 days	2 years 3 months 18 days
Gross Carrying Amount	$ 41,568	$ 41,262
Accumulated Amortization	29,540	20,424
Net Carrying Amount	$ 12,028	$ 20,838
Contractual relationship – cities and user relationships
Finite-lived intangible assets
Weighted-average Remaining Useful Life (Years)	6 years 9 months 18 days	8 years 2 months 12 days
Gross Carrying Amount	$ 100,725	$ 100,429
Accumulated Amortization	53,238	45,059
Net Carrying Amount	$ 47,487	$ 55,370

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 16.8	$ 18.4	$ 18.1

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Estimated amortization expense for each of the next five fiscal years
2024	$ 18,066
2025	8,568
2026	8,345
2027	8,345
2028	8,345
Thereafter	7,846
Net Carrying Amount	$ 59,515	$ 76,208

Supplemental Financial Statem_3

Supplemental Financial Statement Information - Summary of Cash Equivalents and Short-Term Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Cash Equivalents and Short-Term Investments
Unrestricted cash equivalents and short-term investments, cost or amortized cost	$ 1,504,959	$ 1,670,718
Unrestricted cash equivalents and short-term investments, unrealized gains	872	699
Unrestricted cash equivalents and short-term investments, unrealized losses	(340)	(2,277)
Unrestricted cash equivalents and short-term investments, estimated fair value	1,505,491	1,669,140
Restricted cash equivalents and investments, cost or amortized cost	1,048,613	1,137,987
Restricted cash equivalents and investments, unrealized gains	628	419
Restricted cash equivalents and investments, unrealized losses	(148)	(1,486)
Restricted cash equivalents and investments, estimated fair value	1,049,093	1,136,920
Unrestricted and restricted cash equivalents and investments, cost or amortized cost	2,553,572	2,808,705
Unrestricted and restricted cash equivalents and investments, unrealized gains	1,500	1,118
Unrestricted and restricted cash equivalents and investments, unrealized losses	(488)	(3,763)
Total financial assets	2,554,584	2,806,060
Cash	179,700	126,500
Marketable securities		1,100
Cash and cash equivalents and short-term investments	1,700,000	1,800,000
Restricted cash	1,400	1,300
Restricted cash and cash equivalents and restricted short-term investments	1,000,000	1,100,000
Money market funds
Cash Equivalents and Short-Term Investments
Unrestricted cash equivalents and short-term investments, cost or amortized cost	28,351	3,276
Unrestricted cash equivalents and short-term investments, unrealized gains	0	0
Unrestricted cash equivalents and short-term investments, unrealized losses	0	0
Unrestricted cash equivalents and short-term investments, estimated fair value	28,351	3,276
Restricted cash equivalents and investments, cost or amortized cost	44,241	93,362
Restricted cash equivalents and investments, unrealized gains	0	0
Restricted cash equivalents and investments, unrealized losses	0	0
Restricted cash equivalents and investments, estimated fair value	44,241	93,362
Money market deposit accounts
Cash Equivalents and Short-Term Investments
Unrestricted cash equivalents and short-term investments, cost or amortized cost	117,626	126,994
Unrestricted cash equivalents and short-term investments, unrealized gains	0	0
Unrestricted cash equivalents and short-term investments, unrealized losses	0	0
Unrestricted cash equivalents and short-term investments, estimated fair value	117,626	126,994
Term deposits
Cash Equivalents and Short-Term Investments
Unrestricted cash equivalents and short-term investments, cost or amortized cost		5,000
Unrestricted cash equivalents and short-term investments, unrealized gains		0
Unrestricted cash equivalents and short-term investments, unrealized losses		0
Unrestricted cash equivalents and short-term investments, estimated fair value		5,000
Restricted cash equivalents and investments, cost or amortized cost	3,539	3,539
Restricted cash equivalents and investments, unrealized gains	0	0
Restricted cash equivalents and investments, unrealized losses	0	0
Restricted cash equivalents and investments, estimated fair value	3,539	3,539
Certificates of deposit
Cash Equivalents and Short-Term Investments
Unrestricted cash equivalents and short-term investments, cost or amortized cost	179,607	502,374
Unrestricted cash equivalents and short-term investments, unrealized gains	200	295
Unrestricted cash equivalents and short-term investments, unrealized losses	(4)	(510)
Unrestricted cash equivalents and short-term investments, estimated fair value	179,803	502,159
Restricted cash equivalents and investments, cost or amortized cost	144,935	355,241
Restricted cash equivalents and investments, unrealized gains	175	174
Restricted cash equivalents and investments, unrealized losses	(1)	(437)
Restricted cash equivalents and investments, estimated fair value	145,109	354,978
Commercial paper
Cash Equivalents and Short-Term Investments
Unrestricted cash equivalents and short-term investments, cost or amortized cost	918,278	964,410
Unrestricted cash equivalents and short-term investments, unrealized gains	584	403
Unrestricted cash equivalents and short-term investments, unrealized losses	(331)	(1,663)
Unrestricted cash equivalents and short-term investments, estimated fair value	918,531	963,150
Restricted cash equivalents and investments, cost or amortized cost	618,854	596,213
Restricted cash equivalents and investments, unrealized gains	366	243
Restricted cash equivalents and investments, unrealized losses	(146)	(865)
Restricted cash equivalents and investments, estimated fair value	619,074	595,591
Corporate bonds
Cash Equivalents and Short-Term Investments
Unrestricted cash equivalents and short-term investments, cost or amortized cost	29,171	61,605
Unrestricted cash equivalents and short-term investments, unrealized gains	6	0
Unrestricted cash equivalents and short-term investments, unrealized losses	(5)	(104)
Unrestricted cash equivalents and short-term investments, estimated fair value	29,172	61,501
Restricted cash equivalents and investments, cost or amortized cost	12,409	14,933
Restricted cash equivalents and investments, unrealized gains	3	0
Restricted cash equivalents and investments, unrealized losses	(1)	(17)
Restricted cash equivalents and investments, estimated fair value	12,411	14,916
U.S. government securities
Cash Equivalents and Short-Term Investments
Unrestricted cash equivalents and short-term investments, cost or amortized cost	231,926	7,059
Unrestricted cash equivalents and short-term investments, unrealized gains	82	1
Unrestricted cash equivalents and short-term investments, unrealized losses	0	0
Unrestricted cash equivalents and short-term investments, estimated fair value	232,008	7,060
Restricted cash equivalents and investments, cost or amortized cost	224,635	74,699
Restricted cash equivalents and investments, unrealized gains	84	2
Restricted cash equivalents and investments, unrealized losses	0	(167)
Restricted cash equivalents and investments, estimated fair value	$ 224,719	$ 74,534

Supplemental Financial Statem_4

Supplemental Financial Statement Information - Additional Information (Details) - USD ($)				3 Months Ended	12 Months Ended
	Feb. 08, 2023	Jun. 21, 2022	Apr. 22, 2021	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash And Restricted Cash
Allowance for credit loss on marketable and non-marketable available for sale debt securities					$ 0
Depreciation and amortization					116,513,000	$ 154,798,000	$ 139,347,000
Consideration received for commutation of reinsurance agreement, funds withheld for liability		$ 90,300,000
Realized gain from commutation of reinsurance agreement				$ 36,800,000
Reinsurance recoverable		247,400,000
Reinsurance amortized deferred gains related to losses ceded		105,700,000
DARAG Bermuda LTD
Cash And Restricted Cash
Reserves for current period			$ 183,200,000
Reinsurance recoverables			251,300,000
Funds withheld			271,500,000
Funds withheld liability balance included in accrued and other current liabilities			20,200,000
DARAG Bermuda LTD | Cost of revenue
Cash And Restricted Cash
Loss recognized from net cost of novation agreement							20,200,000
DARAG Bermuda LTD | General and administrative
Cash And Restricted Cash
Loss recognized from net cost of novation agreement							200,000
DARAG Bermuda LTD | Pacific Valley Insurance Company, Inc.
Cash And Restricted Cash
Transfer of certain legacy auto insurance liabilities			251,300,000
Reinsurance obligations			434,500,000
Unearned premiums			271,500,000
Insurance liability, collateralized amount			$ 75,000,000
Loss recognized from net cost of novation agreement							20,400,000
Consideration received for commutation of reinsurance agreement, assets		89,300,000
Consideration received for commutation of reinsurance agreement, funds withheld for liability		90,300,000
Consideration received for commutation of reinsurance agreement		178,600,000
Reinsurance premium		1,000,000
DARAG Bermuda LTD | DNA Insurance Company
Cash And Restricted Cash
Liability for future policy benefits before reinsurance		20,000,000
Liability for future policy benefits option to commute, amount		$ 5,000,000
DNA Insurance Company | Pacific Valley Insurance Company, Inc.
Cash And Restricted Cash
Realized gain from commutation of reinsurance agreement	$ 3,400,000
Reinsurance recoverable	4,000,000
Settlement amount	5,000,000
Proceeds from settlement	4,000,000
Premiums released	1,000,000
Amortization of remaining realized gain	$ 2,400,000
Property, Plant and Equipment
Cash And Restricted Cash
Depreciation and amortization					$ 96,300,000	$ 127,800,000	$ 115,300,000

Supplemental Financial Statem_5

Supplemental Financial Statement Information - Schedule of AFS Debt Securities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Securities, Available-for-sale
Estimated Fair Value	$ 175,211
Unrealized Losses	(484)
Certificates of deposit
Debt Securities, Available-for-sale
Estimated Fair Value	31,945
Unrealized Losses	(5)
Corporate bonds
Debt Securities, Available-for-sale
Estimated Fair Value	14,621
Unrealized Losses	(6)
Commercial paper
Debt Securities, Available-for-sale
Estimated Fair Value	128,645
Unrealized Losses	$ (473)

Supplemental Financial Statem_6

Supplemental Financial Statement Information - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment
Finance lease right-of-use assets	$ 80,934	$ 32,887
Total property and equipment, gross	713,039	537,338
Less: Accumulated depreciation	(247,195)	(223,936)
Property and equipment, net	465,844	313,402
Bike and scooter fleet
Property, Plant and Equipment
Property and equipment, gross	240,137	179,330
Owned vehicles
Property, Plant and Equipment
Property and equipment, gross	197,703	143,391
Leasehold improvements
Property, Plant and Equipment
Property and equipment, gross	77,230	91,334
Computer equipment and software
Property, Plant and Equipment
Property and equipment, gross	38,911	36,271
Furniture and fixtures
Property, Plant and Equipment
Property and equipment, gross	5,867	48,523
Construction in progress
Property, Plant and Equipment
Property and equipment, gross	$ 72,257	$ 5,602

Supplemental Financial Statem_7

Supplemental Financial Statement Information - Accrued and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued and Other Liabilities
Insurance-related accruals	$ 643,147	$ 566,831
Legal and tax related accruals	296,336	458,209
Ride-related accruals	212,114	181,138
Long-term debt, current	25,798	36,287
Insurance claims payable and related fees	52,609	53,280
Deferred gain related to the Reinsurance Transaction	0	2,357
Other	278,851	263,507
Accrued and other current liabilities	$ 1,508,855	$ 1,561,609

Supplemental Financial Statem_8

Supplemental Financial Statement Information - Summary of Rollforward of Insurance Reserve (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Insurance Reserves
Accrued insurance, balance at the beginning	$ 1,417,350	$ 1,068,628	$ 987,064
Additions	516,337	1,146,482	772,323
Deductions	(595,819)	(797,760)	(690,759)
Accrued insurance, balance at the end	1,337,868	1,417,350	1,068,628
Increase in accrued insurance reserve, current period claims	512,300	333,900	271,700
Increase in accrued insurance reserve, prior year claims		561,200	255,400
Increase in accrued insurance reserve, commutation transactions	4,000	247,400
Accrued insurance reserve, recoverable	4,000	245,200
Decrease in accrued insurance reserve, payments	580,400	552,600	439,400
Decrease in accrued insurance reserve, prior year claims	11,400
Decrease in accrued insurance reserve, recoverable	$ 4,000	$ 245,200	$ 251,300

Supplemental Financial Statem_9

Supplemental Financial Statement Information - Schedule of Other Income, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Additional Financial Information Disclosure [Abstract]
Interest income	$ 145,728	$ 47,142	$ 9,074
(Loss) Gain on sale of securities, net	(243)	(287)	687
Foreign currency exchange gains (losses), net	3,657	(4,387)	788
Sublease income	4,849	11,591	6,624
Gain on equity method investment	12,926	0	0
Gain from transaction with Woven Planet	0	0	119,284
Impairment charges	0	(135,714)	0
Other, net	3,206	(18,333)	(524)
Other income (expense), net	$ 170,123	$ (99,988)	$ 135,933

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Instruments Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Liabilities
Contingent consideration	$ 0		$ 15,000		$ 0
Cash	179,700		126,500
Short-term investments	1,126,548		1,515,702
Cash and cash equivalents and short-term investments	1,700,000		1,800,000
Restricted cash	1,400		1,300
Restricted cash and cash equivalents and restricted short-term investments	1,000,000		1,100,000
PBSC Urban Solutions
Liabilities
Business combination, contingent consideration arrangements, range of outcomes, value, high		$ 15,000		$ 15,000
Fair Value Measurements on a Recurring Basis
Assets
Total unrestricted cash equivalents and short-term investments	1,387,865		1,537,146
Total restricted cash equivalents and investments	1,045,554		1,133,381
Marketable equity securities			1,136
Total financial assets	2,433,419		2,671,663
Liabilities
Contingent consideration			15,000
Total financial liabilities			15,000
Fair Value Measurements on a Recurring Basis | Level 1
Assets
Total unrestricted cash equivalents and short-term investments	28,351		3,276
Total restricted cash equivalents and investments	44,241		93,362
Marketable equity securities			1,136
Total financial assets	72,592		97,774
Liabilities
Contingent consideration			0
Total financial liabilities			0
Fair Value Measurements on a Recurring Basis | Level 2
Assets
Total unrestricted cash equivalents and short-term investments	1,359,514		1,533,870
Total restricted cash equivalents and investments	1,001,313		1,040,019
Marketable equity securities			0
Total financial assets	2,360,827		2,573,889
Liabilities
Contingent consideration			0
Total financial liabilities			0
Fair Value Measurements on a Recurring Basis | Level 3
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Marketable equity securities			0
Total financial assets	0		0
Liabilities
Contingent consideration			15,000
Total financial liabilities			15,000
Fair Value Measurements on a Recurring Basis | Money market funds
Assets
Total unrestricted cash equivalents and short-term investments	28,351		3,276
Total restricted cash equivalents and investments	44,241		93,362
Fair Value Measurements on a Recurring Basis | Money market funds | Level 1
Assets
Total unrestricted cash equivalents and short-term investments	28,351		3,276
Total restricted cash equivalents and investments	44,241		93,362
Fair Value Measurements on a Recurring Basis | Money market funds | Level 2
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | Money market funds | Level 3
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | Certificates of deposit
Assets
Total unrestricted cash equivalents and short-term investments	179,803		502,159
Total restricted cash equivalents and investments	145,109		354,978
Fair Value Measurements on a Recurring Basis | Certificates of deposit | Level 1
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | Certificates of deposit | Level 2
Assets
Total unrestricted cash equivalents and short-term investments	179,803		502,159
Total restricted cash equivalents and investments	145,109		354,978
Fair Value Measurements on a Recurring Basis | Certificates of deposit | Level 3
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | Commercial paper
Assets
Total unrestricted cash equivalents and short-term investments	918,531		963,150
Total restricted cash equivalents and investments	619,074		595,591
Fair Value Measurements on a Recurring Basis | Commercial paper | Level 1
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | Commercial paper | Level 2
Assets
Total unrestricted cash equivalents and short-term investments	918,531		963,150
Total restricted cash equivalents and investments	619,074		595,591
Fair Value Measurements on a Recurring Basis | Commercial paper | Level 3
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | Corporate bonds
Assets
Total unrestricted cash equivalents and short-term investments	29,172		61,501
Total restricted cash equivalents and investments	12,411		14,916
Fair Value Measurements on a Recurring Basis | Corporate bonds | Level 1
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | Corporate bonds | Level 2
Assets
Total unrestricted cash equivalents and short-term investments	29,172		61,501
Total restricted cash equivalents and investments	12,411		14,916
Fair Value Measurements on a Recurring Basis | Corporate bonds | Level 3
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | U.S. government securities
Assets
Total unrestricted cash equivalents and short-term investments	232,008		7,060
Total restricted cash equivalents and investments	224,719		74,534
Fair Value Measurements on a Recurring Basis | U.S. government securities | Level 1
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value Measurements on a Recurring Basis | U.S. government securities | Level 2
Assets
Total unrestricted cash equivalents and short-term investments	232,008		7,060
Total restricted cash equivalents and investments	224,719		74,534
Fair Value Measurements on a Recurring Basis | U.S. government securities | Level 3
Assets
Total unrestricted cash equivalents and short-term investments	0		0
Total restricted cash equivalents and investments	0		0
Fair Value, Nonrecurring
Liabilities
Cash			126,500
Restricted cash	1,400		1,300
Fair Value, Nonrecurring | Cash and Cash Equivalents and Short-Term Investments
Liabilities
Cash	179,700
Term deposits	3,500		5,000
Fair Value, Nonrecurring | Cash and Cash Equivalents and Short-Term Investments | Money market funds
Liabilities
Short-term investments	$ 117,600		127,000
Fair Value, Nonrecurring | Restricted Cash and Cash Equivalents and Restricted Investments
Liabilities
Term deposits			$ 3,500

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Reconciliation of Level 3 Financial Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Nonoperating Income (Expense)	Nonoperating Income (Expense)
Level 3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Balance at beginning of period	$ 15,000	$ 0
Additions	0	14,100
Payments	(15,000)	0
Change in fair value	0	900
Balance at the end	$ 0	$ 15,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2022	Dec. 31, 2023	Jun. 30, 2022
Financial Instruments Measured at Fair Value on a Recurring Basis
Impairment of non-marketable equity securities		$ 135.7
Investment in non-marketable equity securities	$ 10
Common stock of a publicly-traded entity amount	$ 8.4
Level 3 | Reported Value Measurement
Financial Instruments Measured at Fair Value on a Recurring Basis
Equity security			$ 128.1

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Financial Assets Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Nonoperating Income (Expense)	Nonoperating Income (Expense)
Fair Value, Nonrecurring
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation
Balance at beginning of period	$ 5,903	$ 80,411
Additions	0	64,044
Change in fair value	(19)	(138,552)
Balance at end of period	$ 5,884	$ 5,903

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) location	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Lessee, Lease, Description
Sublease income | $	$ 4,849	$ 11,591	$ 6,624
Real Estate Lease
Lessee, Lease, Description
Number of locations | location	65
Real Estate Lease | Minimum
Lessee, Lease, Description
Lessee, operating lease, term of contract (in years)	2 months
Lessee, operating lease, option to extend term (in years)	1 month
Real Estate Lease | Maximum
Lessee, Lease, Description
Lessee, operating lease, term of contract (in years)	6 years
Lessee, operating lease, option to extend term (in years)	10 years
Owned vehicles | Minimum
Lessee, Lease, Description
Finance lease term of contract (in years)	1 month
Owned vehicles | Maximum
Lessee, Lease, Description
Finance lease term of contract (in years)	5 years

Leases - Schedule of Lease Posi

Leases - Schedule of Lease Position (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
Operating lease right-of-use assets	$ 98,202	$ 135,213
Operating lease liabilities, current	42,556	45,803
Operating lease liabilities, non-current	134,102	176,356
Total operating lease liabilities	176,658	222,159
Finance Leases
Finance lease, right of use assets	80,933	32,887
Finance lease liabilities, current	25,193	15,053
Finance lease liabilities, non-current	61,321	19,921
Total finance lease liabilities	$ 86,514	$ 34,974
Operating lease, weighted-average remaining lease term (in years)	4 years 6 months	5 years 1 month 6 days
Finance lease, weighted-average remaining lease term (in years)	3 years 4 months 24 days	2 years 6 months
Operating lease, weighted-average discount rate	6.70%	6.40%
Finance lease, weighted-average discount rate	6.70%	5.20%
Finance lease, liability, current, statement of financial position	Accrued and other current liabilities	Accrued and other current liabilities
Finance lease, liability, noncurrent, statement of financial position	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Impairment loss	$ 13,000	$ 55,300

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
Operating lease cost	$ 40,450	$ 67,283
Finance Leases
Amortization of right-of-use assets	19,847	15,124
Interest on lease liabilities	3,449	1,034
Short-term lease cost	3,749	5,355
Variable lease cost	10,270	17,040
Total lease cost	$ 77,765	$ 105,836

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 59,318	$ 76,188
Operating cash flows from finance leases	3,558	1,095
Financing cash flows from finance leases	$ 43,466	$ 34,783	$ 35,547

Leases - Schedule of Operating

Leases - Schedule of Operating and Finance Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 55,689
2025	46,402
2026	32,576
2027	27,652
2028	19,826
Thereafter	23,700
Total minimum lease payments	205,845
Less: amount of lease payments representing interest	(29,187)
Total operating lease liabilities	176,658	$ 222,159
Less: current obligations under leases	(42,556)	(45,803)
Long-term lease obligations	134,102	176,356
Finance Leases
2024	29,601
2025	27,549
2026	20,336
2027	9,863
2028	10,689
Thereafter	0
Total minimum lease payments	98,038
Less: amount of lease payments representing interest	(11,524)
Total finance lease liabilities	86,514	34,974
Less: current obligations under leases	(25,193)	(15,053)
Long-term lease obligations	61,321	$ 19,921
Total Leases
2024	85,290
2025	73,951
2026	52,912
2027	37,515
2028	30,515
Thereafter	23,700
Total minimum lease payments	303,883
Less: amount of lease payments representing interest	(40,711)
Present value of future lease payments	263,172
Less: current obligations under leases	(67,749)
Long-term lease obligations	$ 195,423

Commitment and Contingencies -

Commitment and Contingencies - Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Feb. 28, 2022	May 31, 2019
Commitments And Contingencies
Minimum amount due in next year		$ 8,800,000
Minimum amount due in second year		89,092,000
Minimum amount due in third year		89,396,000
Minimum amount due in fourth year		17,711,000
Future obligation to purchase capital equipment		204,999,000
Letters of credit outstanding		60,200,000	$ 55,100,000
Web-Hosting Service Providers
Commitments And Contingencies
Cumulative payment for arrangement		228,600,000
Bikeshare Program | City of Chicago
Commitments And Contingencies
Annual contractual obligation					$ 7,500,000
Future obligation to purchase capital equipment	$ 12,000,000				$ 50,000,000
Reduction in company's obligation	$ 12,000,000
Payment for amended arrangement		30,000,000
Payments to acquire equipment under purchase obligations		$ 45,400,000
Minimum | Web-Hosting Service Providers
Commitments And Contingencies
Contractual obligation				$ 350,000,000
Minimum amount due in next year				80,000,000
Minimum amount due in second year				80,000,000
Minimum amount due in third year				80,000,000
Minimum amount due in fourth year				$ 80,000,000

Commitment and Contingencies _2

Commitment and Contingencies - Schedule of Minimum Payments Under Noncancelable Purchase Commitments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Purchase Obligation, Fiscal Year Maturity
2024	$ 8,800
2025	89,092
2026	89,396
2027	17,711
2028	0
Thereafter	0
Total future minimum payments	$ 204,999

Debt - Schedule of Outstanding

Debt - Schedule of Outstanding Debt Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument
Net carrying amount of liability component	$ 865,160	$ 839,494
Less: long-term debt maturing within one year	25,798	36,287
Total long-term debt	$ 839,362	803,207
Convertible Senior Notes Due 2025
Debt Instrument
Interest rate (as a percent)	1.50%
Net carrying amount of liability component	$ 743,486	740,609
Non-Revolving Loan
Debt Instrument
Net carrying amount of liability component	$ 3,115	24,429
Non-Revolving Loan | Minimum
Debt Instrument
Interest rate (as a percent)	2.88%
Non-Revolving Loan | Maximum
Debt Instrument
Interest rate (as a percent)	2.91%
Master Vehicle Loan
Debt Instrument
Net carrying amount of liability component	$ 118,559	$ 74,456
Master Vehicle Loan | Minimum
Debt Instrument
Interest rate (as a percent)	2.60%
Master Vehicle Loan | Maximum
Debt Instrument
Interest rate (as a percent)	7.10%

Debt - Schedule of Interest Exp

Debt - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument
Amortization of debt discount and issuance costs	$ 2,877	$ 2,823	$ 35,575
Interest expense	26,223	19,735	51,635
Convertible Senior Notes Due 2025 | Convertible Debt
Debt Instrument
Contractual interest expense related to the 2025 Notes	11,212	11,212	11,212
Amortization of debt discount and issuance costs	2,877	2,928	35,575
Master Vehicle Loan
Debt Instrument
Interest expense related to vehicle loans and other	$ 12,134	$ 5,595	$ 4,848

Debt - Convertible Senior Notes

Debt - Convertible Senior Notes (Details)		3 Months Ended	12 Months Ended
	May 15, 2020 USD ($) day $ / shares	Sep. 30, 2022 USD ($)	Dec. 31, 2023 USD ($) day	Dec. 31, 2022 USD ($)	Jan. 01, 2022 USD ($)
Debt Instrument
Net carrying amount of liability component			$ 865,160,000	$ 839,494,000
Additional Paid in Capital			(10,827,378,000)	(10,335,013,000)
Accumulated deficit			$ 10,280,915,000	9,940,595,000
Adjustments
Debt Instrument
Additional Paid in Capital					$ 140,000,000
Accumulated deficit					6,500,000
Convertible Senior Notes Due 2025
Debt Instrument
Interest rate (as a percent)			1.50%
Net carrying amount of liability component			$ 743,486,000	$ 740,609,000
Convertible Senior Notes Due 2025 | Convertible Debt
Debt Instrument
Aggregate principal	$ 747,500,000
Interest rate (as a percent)	1.50%
Net proceeds from issuance of convertible debt	$ 733,200,000
Conversion rate	0.0260491
Initial conversion price (in dollars per share) | $ / shares	$ 38.39
Limitation on sale of common stock, sale price threshold, number of trading days | day	20		20
Number of consecutive business days	5 days
Redemption price percentage	100%
Net carrying amount of liability component	$ 558,300,000		$ 743,486,000
Carrying value of equity component	$ 189,200,000
Effective interest rate	8%
Debt and equity components of convertible loans, discounts and commissions payable	$ 14,300,000
Unamortized debt discount and debt issuance costs			4,012,000
Aggregate principal amount		$ 2,000
If-converted value in excess of principal			291,900,000
Fair value of long-term debt			$ 711,200,000
Convertible Senior Notes Due 2025 | Convertible Debt | Adjustments
Debt Instrument
Aggregate principal					$ 133,500,000
Convertible Senior Notes Due 2025 | Convertible Debt | Debt Instrument, Redemption, Period One
Debt Instrument
Limitation on sale of common stock, sale price threshold, trading period | day	30		30
Threshold percentage of stock price trigger	130%		130%
Convertible Senior Notes Due 2025 | Convertible Debt | Debt Instrument, Redemption, Period Two
Debt Instrument
Limitation on sale of common stock, sale price threshold, trading period | day	5
Threshold percentage of stock price trigger	98%

Debt - Schedule of Convertible

Debt - Schedule of Convertible Notes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	May 15, 2020
Liability component:
Net carrying amount of liability component	$ 865,160	$ 839,494
Convertible Senior Notes Due 2025
Liability component:
Net carrying amount of liability component	743,486	$ 740,609
Convertible Debt | Convertible Senior Notes Due 2025
Liability component:
Principal	747,498
Unamortized debt discount and debt issuance costs	(4,012)
Net carrying amount of liability component	$ 743,486		$ 558,300

Debt - Capped Calls (Details)

Debt - Capped Calls (Details) - Convertible Senior Notes Due 2025 - Convertible Debt $ / shares in Units, $ in Millions	May 15, 2020 USD ($) $ / shares
Debt Instrument
Cost of capped call transactions | $	$ 132.7
Initial cap price (in dollars per share) | $ / shares	$ 73.83

Debt - Non-revolving Loan (Deta

Debt - Non-revolving Loan (Details) - Non-Revolving Loan - USD ($)	Feb. 07, 2020	Dec. 31, 2023	Sep. 20, 2023
Debt Instrument
Maximum borrowing capacity			$ 50,000,000
Cumulative proceeds from credit facility		$ 5,200,000
Remaining borrowing capacity		$ 44,800,000
Two Year U S Treasury Note
Debt Instrument
Debt term (in months)	24 months
Variable interest percentage	3.40%
Three Year U S Treasury Note
Debt Instrument
Debt term (in months)	36 months
Variable interest percentage	3.40%
Five Year U S Treasury Note
Debt Instrument
Debt term (in months)	48 months
Variable interest percentage	3.40%
Minimum
Debt Instrument
Debt term (in months)	24 months
Maximum
Debt Instrument
Debt term (in months)	48 months
Flexdrive Services, LLC
Debt Instrument
Maximum borrowing capacity	$ 130,000,000

Debt - Master Vehicle Loan (Det

Debt - Master Vehicle Loan (Details) - USD ($)		12 Months Ended
	Feb. 07, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Sep. 20, 2023
Debt Instrument
Repayment of loans		$ 72,484,000	$ 67,639,000	$ 44,446,000
Master Vehicle Loan
Debt Instrument
Interest rate swap term	3 years
Variable interest spread rate	2.10%
Fair value of long-term debt		121,200,000
Master Vehicle Loan | Minimum
Debt Instrument
Debt term (in months)	12 months
Master Vehicle Loan | Maximum
Debt Instrument
Debt term (in months)	48 months
Master Vehicle Loan | Flexdrive Services, LLC
Debt Instrument
Maximum borrowing capacity	$ 50,000,000
Non-Revolving Loan
Debt Instrument
Maximum borrowing capacity					$ 50,000,000
Fair value of long-term debt		$ 1,600,000
Non-Revolving Loan | Minimum
Debt Instrument
Debt term (in months)	24 months
Non-Revolving Loan | Maximum
Debt Instrument
Debt term (in months)	48 months
Non-Revolving Loan | Flexdrive Services, LLC
Debt Instrument
Maximum borrowing capacity	$ 130,000,000

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt Outstanding (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
2024	$ 25,798
2025	781,495
2026	57,867
2027	0
2028	0
Thereafter	0
Net carrying amount of liability component	$ 865,160	$ 839,494

Debt - Vehicle Procurement Agre

Debt - Vehicle Procurement Agreement (Details) - Revolving Credit Facility - USD ($)	Dec. 31, 2023	Sep. 17, 2020	Mar. 11, 2019
Flexdrive Services, LLC
Debt Instrument
Maximum exposure to loss under terms of the guarantee	$ 28,800,000
Procurement Provider
Debt Instrument
Maximum exposure to loss under terms of the guarantee	$ 3,600,000
Maximum borrowing capacity		$ 50,000,000	$ 95,000,000

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility & Other Financings (Details)	Nov. 03, 2022 USD ($)	Mar. 31, 2025	Sep. 30, 2024	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument
Covenant minimum liquidity requirements	$ 1,500,000,000
Acquisition cash consideration trigger, percent	3.50
Acquisition cash consideration trigger	$ 75,000,000
Fixed coverage ratio	1.25
Other financing outstanding amount					$ 0
Forecast
Debt Instrument
Senior secured leverage ratio		3	3.50
JPMorgan Chase Bank | Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity	$ 420,000,000
JPMorgan Chase Bank | Revolving Credit Facility | Fed Funds Effective Rate
Debt Instrument
Spread on variable rate	0.50%
JPMorgan Chase Bank | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)
Debt Instrument
Spread on variable rate	1%
JPMorgan Chase Bank | Revolving Credit Facility | Line of Credit
Debt Instrument
Maximum borrowing capacity	$ 168,000,000
JPMorgan Chase Bank | Revolving Credit Facility | Maximum
Debt Instrument
Debt instrument, covenant leverage ratio	0.0225
Leverage ratio during the period	1.25%
Commitment fee	0.375%
JPMorgan Chase Bank | Revolving Credit Facility | Minimum
Debt Instrument
Debt instrument, covenant leverage ratio	0.0150
Leverage ratio during the period	0.05%
Commitment fee	0.225%
JPMorgan Chase Bank | Revolving Credit Facility | Convertible Senior Notes Due 2025
Debt Instrument
Debt instrument, maximum redemption amount	$ 450,000,000
JPMorgan Chase Bank | Revolving Credit Facility | Convertible Senior Notes Due 2025 | Convertible Debt
Debt Instrument
Outstanding debt trigger amount	$ 1,250,000,000
JPMorgan Chase Bank | Revolving Credit Facility | Convertible Senior Notes Due 2025 | Forecast | Maximum | Subsequent Event
Debt Instrument
Debt instrument, covenant leverage ratio		3.50
JPMorgan Chase Bank | Revolving Credit Facility | Convertible Senior Notes Due 2025 | Forecast | Minimum | Subsequent Event
Debt Instrument
Debt instrument, covenant leverage ratio		3
JPMorgan Chase Bank | Revolving Credit Facility | Term Loan
Debt Instrument
Senior secured leverage ratio	2.50
JPMorgan Chase Bank | Revolving Credit Facility | Term Loan | Forecast
Debt Instrument
Maximum borrowing capacity				$ 300,000,000

Common Stock and Employee Sto_3

Common Stock and Employee Stock Plans - Additional Information (Details)						1 Months Ended	12 Months Ended
	Jan. 01, 2023 shares	Jul. 18, 2022	Jan. 01, 2022 shares	Jan. 01, 2021 shares	Jan. 01, 2020 shares	Mar. 31, 2019 shares	Dec. 31, 2023 USD ($) vote $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($)	Mar. 27, 2019 shares
Share-based Compensation Arrangement by Share-based Payment Award
Increase in number of shares reserved for future issuance (in shares)					35,000,000
Stock options granted (in shares)							0	0
Intrinsic value of stock options exercised | $							$ 1,000,000	$ 2,900,000	$ 41,900,000
Fair value of common stock (in dollars per share) | $ / shares							$ 14.99	$ 11.02
Withholding tax adjustment | $							$ 3,021,000	$ 6,733,000	26,297,000
Aggregate unrecognized compensation cost | $							$ 203,100,000
Aggregate grant-date fair value, weighted average period							1 year 2 months 12 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Grant price of stock options, percentage of fair market value							100%
Common stock reserved for issuance (in shares)							779,942
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for issuance (in shares)							30,090,811
Granted (in shares)							44,507,000
Granted (in dollars per share) | $ / shares							$ 8.96
Fair value of shares vested | $							$ 290,500,000	$ 354,300,000	$ 1,000,000,000
Withholding tax adjustment (in shares)							295,948	358,330	508,934
Withholding tax adjustment | $							$ 3,000,000	$ 6,700,000	$ 26,300,000
Performance based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award
Granted (in shares)							14,556,444
Granted (in dollars per share) | $ / shares							$ 6.63
Unvested stock options and restricted stock
Share-based Compensation Arrangement by Share-based Payment Award
Aggregate unrecognized compensation cost | $							$ 0	$ 0		$ 0
2008 Equity Incentive Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Voting power percentage of total outstanding stock							10%
2008 Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Voting power percentage of total outstanding stock							110%
2008 Equity Incentive Plan | Stock options
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period							36 months
Vesting percentage							25%
2008 Equity Incentive Plan | Stock options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period							10 years
2008 Equity Incentive Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period							12 months
Vesting percentage							25%
Maximum term							7 years
2018 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for issuance (in shares)							75,504,222
Additional common stock reserved for issuance (in shares)							11,836,692
2018 Equity Incentive Plan | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award
Vesting percentage							25%
Maximum term							7 years
2019 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for issuance (in shares)						44,000,000
Service-based condition for majority of satisfied over a period						4 years
2019 Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for issuance (in shares)						80,604,678
2019 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award
Percentage of earnings for purchase of common stock		15%
Offering periods (in months)		12 months
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award
Common stock, number of votes per share | vote							1
Number of additional shares reserved for issuance (in shares)	18,507,749		17,246,911	16,186,855	15,129,789
Class A Common Stock | 2019 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award
Percentage of common stock outstanding					5%
Class A Common Stock | 2019 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award
Common stock reserved for issuance (in shares)								9,712,710			6,000,000
Additional common stock reserved for issuance (in shares)	3,701,549
Increase in number of shares reserved for future issuance (in shares)					7,000,000
Percentage of common stock outstanding					1%
Cumulative common shares purchased (in shares)							5,151,945
Class B Common Stock
Share-based Compensation Arrangement by Share-based Payment Award
Common stock, number of votes per share | vote							20

Common Stock and Employee Sto_4

Common Stock and Employee Stock Plans - Common Stock Reserved for Future Issuance (Details)	Dec. 31, 2023 shares
Options issued and outstanding under the 2008 Plan
Class of Stock
Common stock reserved for issuance (in shares)	779,942
RSUs outstanding under the 2008 Plan, the 2018 Plan, and the 2019 Plan
Class of Stock
Common stock reserved for issuance (in shares)	30,090,811
Remaining shares available for future issuance under the 2019 ESPP Plan and the 2019 Plan
Class of Stock
Common stock reserved for issuance (in shares)	57,814,909

Common Stock and Employee Sto_5

Common Stock and Employee Stock Plans - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of Shares
Stock options outstanding, beginning balance (in shares)	993
Exercised (in shares)	(201)
Forfeitures (in shares)	0
Cancellations (in shares)	(12)
Stock options outstanding, ending balance (in shares)	780	993
Weighted- Average Exercise Price
Stock options outstanding, weighted-average exercise price, beginning balance (in dollars per share)	$ 4.87
Exercised (in dollars per share)	6
Forfeitures (in dollars per share)	0
Cancellations (in dollars per share)	1.54
Stock options outstanding, weighted-average exercise price, ending balance (in dollars per share)	$ 4.63	$ 4.87
Stock options outstanding, weighted-average remaining contractual term	1 year	1 year 10 months 24 days
Outstanding, aggregate intrinsic value	$ 8,079	$ 6,109

Common Stock and Employee Sto_6

Common Stock and Employee Stock Plans - Schedule of Restricted Stock Units (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted- Average Grant Date Fair Value
Expected to vest, aggregate intrinsic value	$ 443,855
Restricted stock units
Number of Shares
Nonvested units at beginning of period (in shares)	22,315
Granted (in shares)	44,507
Vested (in shares)	(28,397)
Canceled (in shares)	(8,334)
Nonvested units at end of period (in shares)	30,091
Expected to vest (in shares)	29,610
Weighted- Average Grant Date Fair Value
Nonvested units at beginning of period (in dollars per share)	$ 28.15
Granted (in dollars per share)	8.96
Vested (in dollars per share)	18.77
Canceled (in dollars per share)	24.62
Nonvested units at end of period (in dollars per share)	$ 9.40
Nonvested units, aggregate intrinsic value	$ 449,994	$ 244,926

Common Stock and Employee Sto_7

Common Stock and Employee Stock Plans - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense	$ 484,533	$ 750,767	$ 724,560
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense	30,170	44,132	39,491
Operation and support
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense	15,468	25,442	24,083
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense	214,160	391,983	414,324
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense	29,682	49,867	38,243
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based compensation expense	$ 195,053	$ 239,343	$ 208,419

Income Taxes - U.S. and Foreign

Income Taxes - U.S. and Foreign Components of Loss Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ (348,050)	$ (1,600,323)	$ (1,072,489)
Foreign	16,346	21,684	21,570
Loss before income taxes	$ (331,704)	$ (1,578,639)	$ (1,050,919)

Income Taxes - Components of Pr

Income Taxes - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current provision
Federal	$ 0	$ 0	$ 0
State	3,762	1,256	1,272
Foreign	7,239	4,240	7,228
Total current	11,001	5,496	8,500
Deferred provision
Federal	481	481	639
State	(337)	1,256	0
Foreign	(2,529)	(1,361)	2,086
Total deferred	(2,385)	376	2,725
Total provision for (benefit from) income taxes	$ 8,616	$ 5,872	$ 11,225

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Statutory Federal Income Tax Rate to the Effective Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Provision at federal statutory rate	21%	21%	21%
State, net of federal benefit	9.70%	2.10%	2.60%
Permanent tax adjustments	(1.10%)	(0.40%)	(0.20%)
Nondeductible expenses	(8.30%)	(0.70%)	(1.10%)
Stock-based compensation	(15.10%)	(4.90%)	2.50%
Executive compensation	(2.40%)	0%	0%
Change in valuation allowance	(2.50%)	(17.10%)	(25.20%)
Deferred adjustments	(3.20%)	0%	0%
Other adjustments	(0.70%)	(0.40%)	(0.70%)
Provision for income taxes	(2.60%)	(0.40%)	(1.10%)

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Net operating loss carryforwards	$ 2,084,523	$ 2,127,233
Insurance reserves and accruals	314,526	296,423
Stock-based compensation	12,091	19,132
Research capitalization	240,354	163,370
Accrued legal settlement/fees	87,310	114,963
Lease liability	73,497	55,579
Accrued and other liabilities	39,576	76,311
Capital losses	34,965	0
Other assets	415	0
Total deferred tax assets	2,887,257	2,853,011
Less: Valuation allowance	(2,715,841)	(2,706,982)	$ (2,408,647)	$ (2,144,548)
Deferred tax assets, net of valuation allowance	171,416	146,029
Deferred tax liabilities:
State income taxes	(133,859)	(124,982)
Operating lease right of use assets	(50,004)	(36,379)
Total deferred tax liabilities	(183,863)	(161,361)
Net deferred tax assets	$ (12,447)	$ (15,332)

Income Taxes - Summary of Rollf

Income Taxes - Summary of Rollforward of Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Valuation Allowance, Deferred Tax Asset
Valuation allowance, beginning balance	$ 2,706,982	$ 2,408,647	$ 2,144,548
Net changes in deferred tax assets and liabilities	8,859	298,335	264,099
Valuation allowance, ending balance	$ 2,715,841	$ 2,706,982	$ 2,408,647

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Increase (decrease) in valuation allowance	$ 8,859,000	$ 298,335,000	$ 264,099,000
Interest and penalties associated with uncertain tax benefits	0	0	0
Accrued interest and penalties	0	0	0
Unrecognized tax benefits	0	$ 0	$ 0
Federal
Income Taxes
Operating loss carryforwards	7,700,000,000
State
Income Taxes
Operating loss carryforwards	$ 6,400,000,000

Net Loss Per Share - Computatio

Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net loss	$ (340,320)	$ (1,584,511)	$ (1,062,144)
Weighted-average number of shares outstanding used to compute net loss per share, basic (in shares)	385,335	354,731	334,724
Weighted-average number of shares outstanding used to compute net loss per share, diluted (in shares)	385,335	354,731	334,724
Net loss per share, basic (in dollars per share)	$ (0.88)	$ (4.47)	$ (3.17)
Net loss per share, diluted (in dollars per share)	$ (0.88)	$ (4.47)	$ (3.17)

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Outstanding Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Loss Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, total (in shares)	50,453	43,086	37,807
2025 Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, total (in shares)	19,471	19,471	19,471
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, total (in shares)	15,538	20,542	16,285
Performance based restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, total (in shares)	14,553	1,773	831
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, total (in shares)	780	993	1,105
ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from computation of earnings per share, total (in shares)	111	307	115

Restructuring - Additional Info

Restructuring - Additional Information (Details)	1 Months Ended	3 Months Ended			12 Months Ended
	Apr. 30, 2023 employee	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Restructuring Cost and Reserve
Impairment of long-lived assets					$ 0	$ 0	$ 0
Impairment loss					13,000,000	55,300,000
Restructuring related liabilities				$ 1,600,000	0	1,600,000
April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)					63,300,000
Impairment of long-lived assets		$ 6,300,000
Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag		impairment charges
November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)					$ 24,400,000	120,300,000
Impairment loss			$ 10,500,000			55,300,000
Accelerated depreciation						23,900,000
Severance and Other Employee Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Number of employees terminated (employee) | employee	1,072
Employee reduction percentage (as a percent)	26%
Restructuring charges (benefits)		$ 47,200,000
Severance and Other Employee Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)				29,500,000
Stock-Based Compensation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)		$ 9,700,000
Stock-Based Compensation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)				$ 9,500,000
Fixed Assets Not Yet Placed Into Service | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)						$ 2,100,000
Lease Termination | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Impairment loss			$ 9,100,000

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Related Charges (benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	$ 63,298
November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	24,443	$ 120,256
Stock-Based Compensation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	9,723
Stock-Based Compensation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	205	9,509
Severance and Other Employee Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	47,238
Severance and Other Employee Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	4,326	29,475
Right-of-Use Asset Impairments and Other Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	5,668
Right-of-Use Asset Impairments and Other Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	19,591	57,364
Accelerated Depreciation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	669
Accelerated Depreciation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	321	23,908
Cost of revenue | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	3,871
Cost of revenue | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	1,101	1,794
Cost of revenue | Stock-Based Compensation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	667
Cost of revenue | Stock-Based Compensation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	182
Cost of revenue | Severance and Other Employee Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	3,204
Cost of revenue | Severance and Other Employee Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	1,101	1,612
Cost of revenue | Right-of-Use Asset Impairments and Other Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0
Cost of revenue | Right-of-Use Asset Impairments and Other Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	0
Cost of revenue | Accelerated Depreciation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0
Cost of revenue | Accelerated Depreciation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	0
Operation and support | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	9,250
Operation and support | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	13,090	18,673
Operation and support | Stock-Based Compensation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	259
Operation and support | Stock-Based Compensation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	205	(31)
Operation and support | Severance and Other Employee Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	3,054
Operation and support | Severance and Other Employee Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	3,127	5,173
Operation and support | Right-of-Use Asset Impairments and Other Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	5,268
Operation and support | Right-of-Use Asset Impairments and Other Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	9,453	4,851
Operation and support | Accelerated Depreciation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	669
Operation and support | Accelerated Depreciation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	305	8,680
Research and development | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	25,793
Research and development | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	2,554	28,953
Research and development | Stock-Based Compensation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	4,539
Research and development | Stock-Based Compensation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	3,818
Research and development | Severance and Other Employee Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	21,254
Research and development | Severance and Other Employee Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	20	9,706
Research and development | Right-of-Use Asset Impairments and Other Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0
Research and development | Right-of-Use Asset Impairments and Other Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	2,534	15,393
Research and development | Accelerated Depreciation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0
Research and development | Accelerated Depreciation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	36
Sales and marketing | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	6,236
Sales and marketing | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	14	3,581
Sales and marketing | Stock-Based Compensation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	1,045
Sales and marketing | Stock-Based Compensation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	458
Sales and marketing | Severance and Other Employee Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	5,191
Sales and marketing | Severance and Other Employee Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	14	3,123
Sales and marketing | Right-of-Use Asset Impairments and Other Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0
Sales and marketing | Right-of-Use Asset Impairments and Other Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	0
Sales and marketing | Accelerated Depreciation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0
Sales and marketing | Accelerated Depreciation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	0
General and administrative | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	18,148
General and administrative | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	7,684	67,255
General and administrative | Stock-Based Compensation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	3,213
General and administrative | Stock-Based Compensation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0	5,082
General and administrative | Severance and Other Employee Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	14,535
General and administrative | Severance and Other Employee Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	64	9,861
General and administrative | Right-of-Use Asset Impairments and Other Costs | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	400
General and administrative | Right-of-Use Asset Impairments and Other Costs | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	7,604	37,120
General and administrative | Accelerated Depreciation | April 2023 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	0
General and administrative | Accelerated Depreciation | November 2022 Restructuring Plan
Restructuring Cost and Reserve
Restructuring charges (benefits)	$ 16	$ 15,192

Variable Interest Entities (Det

Variable Interest Entities (Details) $ in Thousands	Dec. 31, 2023 vie	Jun. 30, 2023 USD ($)	May 17, 2022 USD ($)
Noncontrolling Interest
Number of vie's | vie	1
Variable Interest Entity, Not Primary Beneficiary
Noncontrolling Interest
Variable interest entity, reporting entity involvement, maximum loss exposure, amount		$ 12,900
PBSC Urban Solutions
Noncontrolling Interest
Other investments			$ 22,175
Several Joint Ventures
Noncontrolling Interest
Noncontrolling interest, ownership percentage			80%