Please find the following for 2022 and 2021 Net Income Current Assets Current Liabilities Network Capital We

 Please find the following for 2022 and 2021
Net Income
Current Assets

Current Liabilities

Network Capital

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• We have revised the calculations of our non GAAP financial measures to include insurance reserve adjustments for prior periods. In December, the SEC updated its guidance related to non-GAAP financial measures, which applies to all public companies. Subsequent to this change and following consultation with the SEC, we have updated our disclosures for the fourth quarter of 2022 and we have presented past periods on a comparable basis. Fourth Quarter 2022 Highlights • Revenue of $1.2 billion grew 21 percent from $969.9 million in Q4 2021. Relative to revenue of $1.1 billion in the third quarter of 2022, revenue grew 12 percent. • We strengthened our insurance reserves and accrued and other current liabilities by $375 million, with $225 million reflected in cost of revenue and $150 million in general and administrative expenses. • Net loss of $588.1 million compares with a net loss of $283.2 million in the fourth quarter of 2021 and includes $201.3 million of stock-based compensation and related payroll tax expenses. • Under our updated non-GAAP calculation, Adjusted EBITDA¹ was a negative $248.3 million versus a negative $47.6 million in the fourth quarter of 2021 and a negative $26.7 million in the third quarter of 2022. • Relative to guidance. Adjusted EBITDA² was a positive $126.7 million, exceeding the high end of outlook of $80 to $100 million³. • Unrestricted cash, cash equivalents and short-term investments was $1.8 billion at December 31, 2022. Fiscal Year 2022 Highlights • Revenue of $4.1 billion grew 28 percent year-over-year versus $3.2 billion in fiscal year 2021. • Net loss of $1.6 billion compares with a net loss of $1.1 billion in fiscal year 2021 and includes $767.8 million of stock-based compensation and related payroll tax expenses. • Under our updated non-GAAP calculation, Adjusted EBITDA* was a negative $416.5 million versus an Adjusted EBITDA of negative $157.5 million in fiscal year 2021. ¹ Insurance reserve adjustments were previously adjusted for in certain of our non-GAAP financial measures by the exclusion of "Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods" from Adjusted EBITDA, Adjusted Net Income (Loss), Contribution and Contribution Margin. 2 Excludes the $375 million impact from the increase to insurance reserves and accrued liabilities and the change to Lyft's Adjusted EBITDA definition from the fourth quarter of 2022. This amount includes the $225 million which would have been previously adjusted for in Adjusted EBITDA and Adjusted EBITDA Margin by the exclusion of "Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods and $150 million related to insurance costs that are generally not required under transportation network company regulations included in general and administrative expenses on the consolidated statement of operations. 3 Company outlook for the fourth quarter of 2022 was reported during the third quarter 2022 Financial Results Earnings Call on November 7, 2022 and did not include the $375 million Insurance reserve adjustments or the update to our non-GAAP calculations. 4 Insurance reserve adjustments were previously adjusted for in certain of our non-GAAP financial measures by the exclusion of "Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods" from Adjusted EBITDA, Adjusted Net Income (Loss), Contribution and Contribution Margin. Outlook For Q1 2023, we anticipate: • Revenue of approximately $975 million Adjusted EBITDA between $5 million and $15 million . • We have revised the calculations of our non GAAP financial measures to include insurance reserve adjustments for prior periods. In December, the SEC updated its guidance related to non-GAAP financial measures, which applies to all public companies. Subsequent to this change and following consultation with the SEC, we have updated our disclosures for the fourth quarter of 2022 and we have presented past periods on a comparable basis. Fourth Quarter 2022 Highlights • Revenue of $1.2 billion grew 21 percent from $969.9 million in Q4 2021. Relative to revenue of $1.1 billion in the third quarter of 2022, revenue grew 12 percent. • We strengthened our insurance reserves and accrued and other current liabilities by $375 million, with $225 million reflected in cost of revenue and $150 million in general and administrative expenses. • Net loss of $588.1 million compares with a net loss of $283.2 million in the fourth quarter of 2021 and includes $201.3 million of stock-based compensation and related payroll tax expenses. • Under our updated non-GAAP calculation, Adjusted EBITDA¹ was a negative $248.3 million versus a negative $47.6 million in the fourth quarter of 2021 and a negative $26.7 million in the third quarter of 2022. • Relative to guidance. Adjusted EBITDA² was a positive $126.7 million, exceeding the high end of outlook of $80 to $100 million³. • Unrestricted cash, cash equivalents and short-term investments was $1.8 billion at December 31, 2022. Fiscal Year 2022 Highlights • Revenue of $4.1 billion grew 28 percent year-over-year versus $3.2 billion in fiscal year 2021. • Net loss of $1.6 billion compares with a net loss of $1.1 billion in fiscal year 2021 and includes $767.8 million of stock-based compensation and related payroll tax expenses. • Under our updated non-GAAP calculation, Adjusted EBITDA* was a negative $416.5 million versus an Adjusted EBITDA of negative $157.5 million in fiscal year 2021. ¹ Insurance reserve adjustments were previously adjusted for in certain of our non-GAAP financial measures by the exclusion of "Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods" from Adjusted EBITDA, Adjusted Net Income (Loss), Contribution and Contribution Margin. 2 Excludes the $375 million impact from the increase to insurance reserves and accrued liabilities and the change to Lyft's Adjusted EBITDA definition from the fourth quarter of 2022. This amount includes the $225 million which would have been previously adjusted for in Adjusted EBITDA and Adjusted EBITDA Margin by the exclusion of "Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods and $150 million related to insurance costs that are generally not required under transportation network company regulations included in general and administrative expenses on the consolidated statement of operations. 3 Company outlook for the fourth quarter of 2022 was reported during the third quarter 2022 Financial Results Earnings Call on November 7, 2022 and did not include the $375 million Insurance reserve adjustments or the update to our non-GAAP calculations. 4 Insurance reserve adjustments were previously adjusted for in certain of our non-GAAP financial measures by the exclusion of "Changes to the liabilities for insurance required by regulatory agencies attributable to historical periods" from Adjusted EBITDA, Adjusted Net Income (Loss), Contribution and Contribution Margin. Outlook For Q1 2023, we anticipate: • Revenue of approximately $975 million Adjusted EBITDA between $5 million and $15 million .

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