Supplemental Financial Statement Information (Tables)

3 Months Ended

Mar. 31, 2022

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):


	March 31, 2022
	Cost or Amortized Cost		Unrealized				Estimated Fair Value
			Gains		Losses
Unrestricted Balances(1)
Money market funds	$	10,824	$	—	$	—	$	10,824
Money market deposit accounts	115,099		—		—		115,099
Term deposits	210,000		—		—		210,000
Certificates of deposit	481,555		13		(1,440)		480,128
Commercial paper	1,198,296		3		(3,970)		1,194,329
Corporate bonds	165,693		—		(611)		165,082
U.S. government securities	3,098		—		(3)		3,095
Total unrestricted cash equivalents and short-term investments	2,184,565		16		(6,024)		2,178,557
Restricted Balances(2)
Money market funds	11,868		—		—		11,868
Term deposits	5,046		—		—		5,046
Certificates of deposit	281,852		3		(775)		281,080
Commercial paper	486,896		—		(1,854)		485,042
Corporate bonds	65,900		—		(158)		65,742
U.S. government securities	46,300		—		(202)		46,098
Total restricted cash equivalents and investments	897,862		3		(2,989)		894,876
Total unrestricted and restricted cash equivalents and investments	$	3,082,427	$	19	$	(9,013)	$	3,073,433

_______________

(1)Excludes $48.1 million of cash and $9.8 million of marketable equity securities, which are included within the $2.2 billion of cash and cash equivalents and short-term investments on the condensed consolidated balance sheets.

(2)Excludes $53.2 million of restricted cash, which is included within the $948.1 million of restricted cash and cash equivalents and restricted short-term investments on the condensed consolidated balance sheets.


	December 31, 2021
	Cost or Amortized Cost		Unrealized				Estimated Fair Value
			Gains		Losses
Unrestricted Balances(1)
Money market funds	$	22,250	$	—	$	—	$	22,250
Money market deposit accounts	330,252		—		—		330,252
Term deposits	385,000		—		—		385,000
Certificates of deposit	505,562		25		(149)		505,438
Commercial paper	806,446		132		(190)		806,388
Corporate bonds	99,779		4		(78)		99,705
Total unrestricted cash equivalents and short-term investments	2,149,289		161		(417)		2,149,033
Restricted Balances(2)
Money market funds	20,161		—		—		20,161
Term deposits	5,046		—		—		5,046
Certificates of deposit	421,243		35		(134)		421,144
Commercial paper	523,616		43		(169)		523,490
Corporate bonds	63,506		—		(48)		63,458
U.S. government securities	31,745		—		(28)		31,717
Total restricted cash equivalents and investments	1,065,317		78		(379)		1,065,016
Total unrestricted and restricted cash equivalents and investments	$	3,214,606	$	239	$	(796)	$	3,214,049

_______________

(1)Excludes $104.8 million of cash, which is included within the $2.3 billion of cash and cash equivalents and short-term investments on the condensed consolidated balance sheets.

(2)Excludes $53.7 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 condensed 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):


	March 31, 2022
	Estimated Fair Value		Unrealized Losses
Certificates of deposit	$	703,093	$	(2,215)
Corporate bonds	230,825		(769)
Commercial paper	1,617,500		(5,824)
U.S. government securities	49,192		(205)
Total available-for-sale debt securities in an unrealized loss position	$	2,600,610	$	(9,013)

Schedule of accrued and other current liabilities

Accrued and other current liabilities consisted of the following as of the dates indicated (in thousands):


	March 31, 2022		December 31, 2021
Legal accruals	$	368,640	$	349,518
Insurance-related accruals	345,740		336,340
Ride-related accruals	198,807		196,716
Deferred gain related to the Reinsurance Transaction (1)	108,053		52,785
Long-term debt, current	55,921		56,264
Insurance claims payable and related fees	27,985		33,696
Other	258,873		239,107
Accrued and other current liabilities	$	1,364,019	$	1,264,426

_______________

(1)Refer to Note 2 “ Summary of Significant Accounting Policies” above and the rest of this Note 4 “Supplemental Financial Information - Insurance Reserves” below for more information on this deferred gain.

Summary of rollforward of the insurance reserve

The following table provides a rollforward of the insurance reserve for the periods presented (in thousands):


	Three Months Ended March 31,
	2022		2021
Balance at beginning of period	$	1,068,628	$	987,064
Reinsurance recoverable at beginning of period	(245,179)		—
Additions related to:
Reserves for current period	55,110		64,468
Change in estimates for prior periods	—		128,045
Losses paid	(102,830)		(121,161)
Transfer of certain legacy auto insurance liabilities	—		—
Net balance at the end of the period	775,729		1,058,416
Add: Reinsurance recoverable at the end of the period	290,152		—
Balance at end of period	$	1,065,881	$	1,058,416

Schedule of income (expense), net

The following table sets forth the primary components of other income (expense), net as reported on the condensed consolidated statements of operations (in thousands):


	Three Months Ended March 31,
	2022		2021
Interest income	$	2,654	$	2,879
Gain (loss) on sale of securities, net	1		701
Foreign currency exchange gains (losses), net	77		(588)
Sublease income	3,714		—

Other, net	3,317		613
Other income (expense), net	$	9,763	$	3,605