General form of registration statement for all companies including face-amount certificate companies

Segment Information

v3.22.1
Segment Information
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Bird Rides [Member]    
Segment Information
Note 12 – Segment Information
The Company determines its operating segments based on how the chief operating decision maker (“CODM”) manages the business, allocates resources, makes operating decisions and evaluates operating performance. The CODM does not evaluate operating segments using asset information and, accordingly, the Company does not report asset information by segment. The Company does not aggregate its operating segments into reportable segments. Accordingly, the Company has identified three reportable segments, which are organized based on the geographic areas in which it conducts business, as follows:
 
Segment
   
Description
North America    Includes Canada and the United States
Europe, Middle East and Africa
(EMEA)		    Includes all countries within the European Union, United Kingdom, and countries within the Middle East
Other    Includes South America, China, Mexico, Australia, New Zealand, and Japan
The Company’s segment operating performance measure is gross margin. Gross margin is defined as revenue less cost of revenue, exclusive of depreciation, and depreciation on Sharing vehicles.
The following tables provides information about the Company’s segments and a reconciliation of the total segment gross margin to loss before income taxes (in thousands):
 
    
Three Months Ended March 31,
  
    
2022
    
2021
  
    
North
America
     
EMEA
    
Other
     
Total

Segments
    
North
America
     
EMEA
    
Other
     
Total

Segments
  
Revenues:
                                                                     
Sharing
    $ 24,992        8,479       106        33,577     $ 18,167        3,482       —          21,649  
Product sales
      4,234        167       —          4,401       3,831        190       —          4,021  
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Total revenues
      29,226        8,646       106        37,978       21,998        3,672       —          25,670  
Cost of sharing, exclusive of depreciation
      13,794        7,551       41        21,386       12,531        1,867       —          14,398  
Cost of product sales
      4,178        51       —          4,229       4,067        148       —          4,215  
Depreciation on sharing vehicles
      4,704        4,213       23        8,940       2,353        2,664       —          5,017  
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
  
Gross margin
    $ 6,550        (3,169 )      42        3,423     $ 3,047        (1,007 )      —          2,040  
Reconciling items:
                                                                     
Total expenses
                              $ (6,965 )                              $ 78,220  
                              
 
 
                              
 
 
  
Loss before income taxes
                              $ 10,388                               $ (76,180 ) 
In accordance with ASC 280—Segment
Reporting
, the Company attributes Product Sales (and the related cost of Product Sales) based on the location of the subsidiary that made the sale, as opposed to the location of the customer or point of shipment.​​​​​​​
Note 16 — Segment Information
The Company determines its operating segments based on how the chief operating decision maker (“CODM”) manages the business, allocates resources, makes operating decisions and evaluates operating performance. The CODM does not evaluate operating segments using asset information and, accordingly, the Company does not report asset information by segment. The Company does not aggregate its operating segments into reportable segments. Accordingly, the Company has identified three reportable segments, which are organized based on the geographic areas in which it conducts business, as follows:
 
Segment
   
Description
North America    Includes Canada and the United States
   
Europe, Middle East and Africa (EMEA)    Includes all countries within the European Union, United Kingdom, and countries within the Middle East
   
Other    Includes South America, China, Mexico, Australia, New Zealand, and Japan
The Company’s segment operating performance measure is gross margin. Gross margin is defined as revenue less cost of revenue, exclusive of depreciation, and depreciation on Sharing vehicles.
The following table provides information about the Company’s segments and a reconciliation of the total segment gross margin to loss from operations for the years ended December 31, 2021 and 2020 (in thousands):
 
    
Year Ended December 31,
  
    
2021
    
2020
  
    
North
America
     
EMEA
    
Other
     
Total

Segments
    
North
America
     
EMEA
    
Other
    
Total

Segments
  
Revenues:
                                                                    
Sharing
    $ 142,476        44,703       148        187,327     $ 57,704        22,198       39       79,941  
Product sales
      16,104        1,711       —          17,815       12,213        2,275       172       14,660  
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Total revenues
      158,580        46,414       148        205,142       69,917        24,473       211       94,601  
Cost of sharing, exclusive of depreciation
      78,299        22,720       42        101,061       40,532        30,339       757       71,628  
Cost of product sales
      16,189        1,148       3        17,340       14,220        8,324       172       22,716  
Depreciation on sharing vehicles
      21,831        25,483       21        47,335       11,456        11,929       406       23,791  
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Gross margin
    $ 42,261        (2,937 )      82        39,406     $ 3,709        (26,119 )      (1,124 )      (23,534 ) 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Reconciling items:
                                  
Total expenses
                              $ 235,530                              $ 184,632  
Loss before income taxes
                              $ (196,124 )                             $ (208,166 ) 
In accordance with ASC 280—Segment Reporting, the Company attributes Product Sales (and the related
c
ost of Product Sales) based on the location of the subsidiary that made the sale, as opposed to the location of the customer or point of shipment.