XML 35 R25.htm IDEA: XBRL DOCUMENT v3.22.1

Leases (Tables)

3 Months Ended

Mar. 31, 2022

Leases [Abstract]

Schedule of lease position

The table below presents the lease-related assets and liabilities recorded on the condensed consolidated balance sheets (in thousands, except for remaining lease terms and percentages):

			March 31, 2022						December 31, 2021
Operating Leases
Assets
Operating lease right-of-use assets			$	213,111					$	223,412
Liabilities
Operating lease liabilities, current			$	51,710					$	53,765
Operating lease liabilities, non-current			200,018						210,232
Total operating lease liabilities			$	251,728					$	263,997
Finance Leases
Assets
Finance lease right-of-use assets(1)			$	25,972					$	26,802
Liabilities
Finance lease liabilities, current(2)			12,599						13,556
Finance lease liabilities, non-current(3)			13,964						14,242
Total finance lease liabilities			$	26,563					$	27,798
Weighted-average remaining lease term (years)
Operating leases			5.5						5.6
Finance leases			2.2						2.2
Weighted-average discount rate
Operating leases			6.3		%				6.3		%
Finance leases			2.6		%				2.8		%

_______________

(1)This balance is included within property and equipment, net on the condensed consolidated balance sheets and is primarily related to Flexdrive leases.

(2)This balance is included within other current liabilities on the condensed consolidated balance sheets and is primarily related to Flexdrive leases.

(3)This balance is included within other liabilities on the condensed consolidated balance sheets and is primarily related to Flexdrive leases.

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 three and nine months ended March 31, 2022 and 2021 (in thousands):

			Three Months Ended March 31,
			2022						2021
Operating Leases
Operating lease cost			$	17,603					$	17,861
Finance Leases
Amortization of right-of-use assets			4,195						7,806
Interest on lease liabilities			189						294
Other Lease Costs
Short-term lease cost			1,477						1,855
Variable lease cost (1)			4,208						1,961
Total lease cost			$	27,672					$	29,777

_______________

(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 condensed consolidated statements of cash flows (in thousands):

			Three Months Ended March 31,
			2022						2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases			$	19,622					$	21,158
Operating cash flows from finance leases			241						279
Financing cash flows from finance leases			8,031						9,894

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 condensed consolidated balance sheet as of March 31, 2022 (in thousands):

			Operating Leases						Finance Leases						Total Leases
Remainder of 2022			$	48,868					$	10,682					$	59,550
2023			60,080						10,906						70,986
2024			53,690						5,654						59,344
2025			42,304						69						42,373
2026			28,474						—						28,474
Thereafter			68,097						—						68,097
Total minimum lease payments			301,513						27,311						328,824
Less: amount of lease payments representing interest			(49,785)						(748)						(50,533)
Present value of future lease payments			251,728						26,563						278,291
Less: current obligations under leases			(51,710)						(12,599)						(64,309)
Long-term lease obligations			$	200,018					$	13,964					$	213,982

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 condensed consolidated balance sheet as of March 31, 2022 (in thousands):

			Operating Leases						Finance Leases						Total Leases
Remainder of 2022			$	48,868					$	10,682					$	59,550
2023			60,080						10,906						70,986
2024			53,690						5,654						59,344
2025			42,304						69						42,373
2026			28,474						—						28,474
Thereafter			68,097						—						68,097
Total minimum lease payments			301,513						27,311						328,824
Less: amount of lease payments representing interest			(49,785)						(748)						(50,533)
Present value of future lease payments			251,728						26,563						278,291
Less: current obligations under leases			(51,710)						(12,599)						(64,309)
Long-term lease obligations			$	200,018					$	13,964					$	213,982

X

- Definition

Schedule of lease position.

+ References

No definition available.

+ Details

Name:	lyft_ScheduleOfLeasePositionTableTextBlock
Namespace Prefix:	lyft_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration