Company name:

Lyft Inc

  • IPO SHARE PRICE:
    $72.00
  • IPO DATE:
    29 March 2019
  • TICKER:
    LYFT
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    185 Berry Street Suite 5000 San Francisco California 94107
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Lyft Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
6.8% 41.3% 7.3%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
55.4%
41.3% —

Short-term passive investments

7.3% —

Prepaid expenses and other current assets

6.8% —

Cash and cash equivalents

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents 		$517,690 $358,319 $319,734
Short-term passive investments 1,520,180 2,491,805 1,931,334
Prepaid expenses and other current assets 282,572 397,239 343,070
Total current assets $2,320,442 $3,247,363 $2,594,138
23.5% 6.7% 5.9% 3.9%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
44.6%
23.5% —

Restricted investments

6.7% —

Property and equipment net

5.9% —

Operating lease - right-of-use assets

3.9% —

Goodwill

2.5% —

Restricted cash and cash equivalents

1.4% —

Intangible assets

0.4% —

Other assets non-current

0.2% —

Other investments
Selected Year:
Restricted cash and cash equivalents - 204,976 118,559
Long-term restricted cash 187,374 204,976 -
Restricted investments 863,713 1,361,045 1,101,712
Property and equipment net 109,257 188,603 313,297
Operating lease - right-of-use assets - 441,258 275,756
Intangible assets
117,733 82,919 65,845
Goodwill
152,085 158,725 182,687
Other investments - - 10,000
Other assets non-current - 6,494 16,970
Other non-current assets 9,439 6,494 -
Total non-current assets 1,439,601 2,444,020 2,084,826
Total assets $3,760,043 $5,691,383 $4,678,964
20.4% 21.1% 5.7% 13.8% 191.9%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
44.3%
21.1% —

Insurance deductible reserves

20.4% —

Accrued expenses and other current liabilities

1.8% —

Accounts payable

1.1% —

Current portion of Operating leases
Selected Year:
Accounts payable $32,343 $38,839 $84,108
Accrued expenses and other current liabilities 606,203 939,865 954,008
Insurance deductible reserves 810,273 1,378,462 987,064
Current portion of Operating leases - 94,199 49,291
Total current liabilities $1,448,819 $2,451,365 $2,074,471
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
19.8%
13.8% —

Long-term debt

5.7% —

Operating leases

0.4% —

Other non-current liabilities
Selected Year:
Long-term debt - - 644,236
Operating leases - 382,077 265,803
Other non-current liabilities 30,458 3,857 18,291
Total long-term liabilities $30,458 $385,934 $928,330
Total Liabilities $1,479,277 $2,837,299 $3,002,801
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
35.8%
191.9% —

Additional paid-in capital

0.0% —

Common stock
Selected Year:
Redeemable convertible preferred stock
$5,152,047 - -
Common stock - 3 3
Accumulated deficit
(2,945,330) (5,547,571) (7,300,428)
Additional paid-in capital
73,916 8,398,927 8,977,061
Accumulated other comprehensive income 133 2,725 -
Accumulated other comprehensive (loss) income - 2,725 (473)
Total Equity ($2,871,281) $2,854,084 $1,676,163
Total Liabilities and Equity $3,760,043 $5,691,383 $4,678,964