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Supplemental Financial Statement Information (Tables)

12 Months Ended

Dec. 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):

			December 31, 2022
			Cost or Amortized Cost						Unrealized												Estimated Fair Value
									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 of marketable equity securities, which are 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.

			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 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 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, 2022
			Estimated Fair Value						Unrealized Losses
Certificates of deposit			$	188,209					$	(947)
Corporate bonds			76,417						(121)
Commercial paper			718,771						(2,528)
U.S. government securities			62,801						(167)
Total available-for-sale debt securities in an unrealized loss position			$	1,046,198					$	(3,763)

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following as of the dates indicated (in thousands):

			December 31,
			2022						2021
Bike fleet			$	179,330					$	138,216
Leasehold improvements			91,334						100,252
Owned vehicles			143,391						150,443
Finance lease right-of-use assets			32,887						26,802
Computer equipment and software			36,271						19,103
Furniture and fixtures			5,602						5,110
Construction in progress			48,523						25,270
			537,338						465,196
Less: Accumulated depreciation			(223,936)						(167,001)
Property and equipment, net			$	313,402					$	298,195

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,
			2022						2021
Insurance-related accruals			$	566,831					$	336,340
Legal accruals			458,209						349,518
Ride-related accruals			181,138						196,716
Long-term debt, current			36,287						56,264
Insurance claims payable and related fees			53,280						33,696
Deferred gain related to the Reinsurance Transaction (1)			2,357						52,785
Other			263,507						239,107
Accrued and other current liabilities			$	1,561,609					$	1,264,426

_______________

(1)Refer to Note 2 “Summary of Significant Accounting Policies” above and the rest of this Note 6 “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):

			Year Ended December 31,
			2022						2021						2020
Balance at beginning of period			$	1,068,628					$	987,064					$	1,378,462
Additions1			1,146,482						772,321						569,180
Deductions2			(797,760)						(690,757)						(960,578)
Balance at end of period			$	1,417,350					$	1,068,628					$	987,064

_______________

(1)Additions to insurance reserves include $895.0 million, $527.1 million and $569.2 million for the years ended December 31, 2022, 2021 and 2020, respectively, for changes in estimates resulting from new developments in prior period claims. Additions also include adjustments related to the Commutation Transaction of $247.4 million for the year ended December 31, 2022. See below for more details of the "Commutation of the Reinsurance Agreement". Additions include $4.0 million and $245.2 million of reinsurance recoverable for the years ended December 31, 2022 and 2021, respectively. There was no such recoverable for the year ended December 31, 2020.

(2)Deductions include losses paid of $552.6 million, $439.4 million and $552.7 million for the years ended December 31, 2022, 2021 and 2020, respectively, in addition to a transfer of certain legacy auto insurance liabilities of $407.9 million for the year ended December 31, 2020. Deductions include reinsurance recoverable at the beginning of the period of $245.2 million and $251.3 million for the years ended December 31, 2022 and 2021, respectively. There was no such recoverable at the beginning of the period for the year ended December 31, 2020.

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,
			2022						2021						2020
Interest income			$	47,142					$	9,074					$	43,654
Gain (loss) on sale of securities, net			(287)						687						(868)
Foreign currency exchange gains (losses), net			(4,387)						788						1,818
Sublease income			11,591						6,624						—
Gain from transaction with Woven Planet			—						119,284						—
Impairment charges(1)			(135,714)						—						—
Other, net			(18,333)						(524)						(935)
Other income (expense), net			$	(99,988)					$	135,933					$	43,669

_______________

(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 7 “Fair Value Measurements” for additional details.

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