GURUFOCUS.COM » STOCK LIST » Technology » Software » Lyft Inc (NAS:LYFT) » Definitions » EBIT

Lyft (LYFT) EBIT : $-305 Mil (TTM As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Lyft EBIT?

Lyft's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-15 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-305 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Lyft's annualized ROC % for the quarter that ended in Dec. 2023 was -7.45%. Lyft's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -10.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Lyft's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -5.13%.


Lyft EBIT Historical Data

The historical data trend for Lyft's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lyft EBIT Chart

Lyft Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial -2,599.89 -1,764.71 -999.28 -1,558.90 -305.48

Lyft Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -580.57 -179.54 -105.44 -5.78 -14.72

Competitive Comparison of Lyft's EBIT

For the Software - Application subindustry, Lyft's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lyft's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Lyft's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Lyft's EV-to-EBIT falls into.



Lyft EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-305 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lyft  (NAS:LYFT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Lyft's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-240.604 * ( 1 - -13.66% )/( (3673.257 + 3672.121)/ 2 )
=-273.4705064/3672.689
=-7.45 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4478.224 - 1253.59 - ( 1666.63 - max(0, 2948.862 - 2500.239+1666.63))
=3673.257

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4564.467 - 1276.488 - ( 1685.184 - max(0, 2961.561 - 2577.419+1685.184))
=3672.121

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Lyft's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-58.868/( ( (577.327 + max(-2046.481, 0)) + (564.046 + max(-2000.972, 0)) )/ 2 )
=-58.868/( ( 577.327 + 564.046 )/ 2 )
=-58.868/570.6865
=-10.32 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 833.609) - (1253.59 + 0 + 1626.5)
=-2046.481

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 892.235) - (1276.488 + 0 + 1616.719)
=-2000.972

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Lyft's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=-305.481/5955.690
=-5.13 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lyft EBIT Related Terms

Thank you for viewing the detailed overview of Lyft's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Lyft (LYFT) Business Description

Traded in Other Exchanges
Address
185 Berry Street, Suite 400, San Francisco, CA, USA, 94107
Lyft is the second-largest ride-sharing service provider in the U.S. and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
Executives
Kristin Sverchek officer: General Counsel and Secretary C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Lisa Blackwood-kapral officer: Chief Accounting Officer C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
John Patrick Zimmer director, officer: President C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Erin Brewer officer: Chief Financial Officer MCKESSON CORPORATION, ONE POST STREET, SAN FRANCISCO CA 94104
Logan Green director, officer: Chief Executive Officer C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Prashant Aggarwal director C/O ARLO TECHNOLOGIES, INC., 350 EAST PLUMERIA DR, SAN JOSE CA 95134
Mary Agnes Wilderotter director 115 ALPINE TERRACE, OAKLAND CA 94618
John David Risher director C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Dave Stephenson director C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103
Janey Whiteside director C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105
Elaine Paul officer: Chief Financial Officer C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Ashwin Raj officer: Head of Rideshare C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
David Lawee director C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Brian Keith Roberts officer: Chief Financial Officer C/O LYFT, INC., 185 BERRY STREET, SUITE 5000, SAN FRANCISCO CA 94107
Ariel M. Cohen director C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107