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Supplemental Financial Statement Information (Tables)

9 Months Ended

Sep. 30, 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):

			September 30, 2022
			Cost or Amortized Cost						Unrealized												Estimated Fair Value
									Gains						Losses
Unrestricted Balances(1)
Money market funds			$	1,885					$	—					$	—					$	1,885
Money market deposit accounts			51,318						—						—						51,318
Term deposits			15,000						—						—						15,000
Certificates of deposit			430,038						122						(801)						429,359
Commercial paper			1,085,841						62						(2,631)						1,083,272
Corporate bonds			85,821						—						(675)						85,146
U.S. government securities			39,750						—						(34)						39,716
Total unrestricted cash equivalents and short-term investments			1,709,653						184						(4,141)						1,705,696
Restricted Balances(2)
Money market funds			91,231						—						—						91,231
Term deposits			5,046						—						—						5,046
Certificates of deposit			269,915						52						(680)						269,287
Commercial paper			660,339						44						(1,190)						659,193
Corporate bonds			29,158						—						(151)						29,007
U.S. government securities			63,622						—						(282)						63,340
Total restricted cash equivalents and investments			1,119,311						96						(2,303)						1,117,104
Total unrestricted and restricted cash equivalents and investments			$	2,828,964					$	280					$	(6,444)					$	2,822,800

_______________

(1)Excludes $72.8 million of cash and $4.9 million of marketable equity securities, which are included within the $1.8 billion of cash and cash equivalents and short-term investments on the condensed consolidated balance sheets.

(2)Excludes $56.1 million of restricted cash, which is included within the $1.2 billion 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):

			September 30, 2022
			Estimated Fair Value						Unrealized Losses
Certificates of deposit			$	463,826					$	(1,481)
Corporate bonds			114,153						(826)
Commercial paper			1,523,046						(3,821)
U.S. government securities			103,055						(316)
Total available-for-sale debt securities in an unrealized loss position			$	2,204,080					$	(6,444)

Schedule of Accrued and Other Current Liabilities

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

			September 30, 2022						December 31, 2021
Legal accruals			$	389,540					$	349,518
Insurance-related accruals			384,729						336,340
Ride-related accruals			208,477						196,716
Long-term debt, current			38,233						56,264
Insurance claims payable and related fees			36,695						33,696
Deferred gain related to the Reinsurance Transaction (1)			2,357						52,785
Other			322,575						239,107
Accrued and other current liabilities			$	1,382,606					$	1,264,426

_______________

(1)Refer to Note 2 “Summary of Significant Accounting Policies” above and the rest of this Note 5 “Supplemental Financial Information - Insurance Reserves” below for more information on this deferred gain.

Summary of Roll-Forward of the Insurance Reserve

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

			Nine Months Ended September 30,
			2022						2021
Balance at beginning of period			$	1,068,628					$	987,064
Reinsurance recoverable at beginning of period			(245,179)						(251,328)
Additions related to:
Reserves for current period			210,905						227,478
Change in estimates for prior periods			368,280						128,045
Losses paid			(388,344)						(329,805)
Adjustments related to Commutation Transaction(1)			247,438						—
Transfer of certain legacy auto insurance liabilities			—						—
Net balance at the end of the period			1,261,728						761,454
Add: Reinsurance recoverable at the end of the period			4,000						249,699
Balance at end of period			$	1,265,728					$	1,011,153

_______________

(1)In the second quarter of 2022, the Company completed the Commutation Transaction, which effectively commuted and settled the previous Reinsurance Agreement. See below for more details of the "Commutation of the Reinsurance Agreement".

Schedule of Other Income (Expense), Net

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Interest income			$	12,945					$	1,923					$	20,321					$	7,008
Gain (loss) on sale of securities, net			(28)						(17)						(61)						685
Foreign currency exchange gains (losses), net			(7,121)						736						(6,436)						1,212
Sublease income			2,555						2,947						10,099						2,947
Gain from transaction with Woven Planet			—						119,284						—						119,284
Impairment charges(1)			(135,714)						—						(135,714)						—
Other, net			1,208						169						(3,648)						(748)
Other income (expense), net			$	(126,155)					$	125,042					$	(115,439)					$	130,388

_______________(1)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 6 "Fair Value Measurements" for additional details.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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