v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income (loss) $ 2,567 $ (31,535)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 33,572 32,408
Stock-based compensation 93,158 80,098
Amortization of premium on marketable securities 33 64
Accretion of discount on marketable securities (21,482) (20,872)
Amortization of debt discount and issuance costs 927 804
Gain on sale and disposal of assets, net (371) (4,336)
Other (332) 2,114
Changes in operating assets and liabilities, net effects of acquisition    
Prepaid expenses and other assets (9,027) 9,760
Operating lease right-of-use assets 5,497 7,055
Accounts payable 800 31,819
Insurance reserves 122,142 53,084
Accrued and other liabilities 67,496 8,486
Lease liabilities (7,746) (12,772)
Net cash provided by operating activities 287,234 156,177
Cash flows from investing activities    
Purchases of marketable securities (1,028,810) (1,124,149)
Purchases of term deposits 0 (2,194)
Proceeds from sales of marketable securities 71,204 43,973
Proceeds from maturities of marketable securities 1,014,047 841,665
Proceeds from maturities of term deposits 2,194 3,539
Purchases of property and equipment and scooter fleet (6,500) (29,106)
Sales of property and equipment 13,523 24,181
Net cash provided by (used in) investing activities 65,658 (242,091)
Cash flows from financing activities    
Repayment of loans (16,492) (20,572)
Proceeds from issuance of convertible senior notes 0 460,000
Payment of debt issuance costs  0 (11,888)
Purchase of capped call 0 (47,886)
Repurchase of Class A common stock 0 (50,000)
Payment for settlement of convertible senior notes due 2025 0 (350,000)
Proceeds from exercise of stock options and other common stock issuances 0 1,924
Taxes paid related to net share settlement of equity awards (24,294) (1,462)
Principal payments on finance lease obligations (10,903) (11,479)
Net cash used in financing activities (51,689) (31,363)
Effect of foreign exchange on cash, cash equivalents and restricted cash and cash equivalents (349) (528)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 300,854 (117,805)
Beginning of period 946,040 771,786
End of period 1,246,894 653,981
Reconciliation of cash, cash equivalents and restricted cash and cash equivalents to the consolidated balance sheets    
Cash and cash equivalents 985,494 507,918
Restricted cash and cash equivalents 261,400 144,698
Restricted cash, included in prepaid expenses and other current assets 0 1,365
Total cash, cash equivalents and restricted cash and cash equivalents 1,246,894 653,981
Non-cash investing and financing activities    
Financed vehicles acquired 725 88,350
Purchases of property and equipment and scooter fleet not yet settled 10,419 8,496
Right-of-use assets acquired under finance leases 1,336 11,956
Right-of-use assets acquired under operating leases 942 3,328
Remeasurement of finance and operating lease right of use assets $ (509) $ (3,659)