Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.22.2.2
Segment Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Information 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 (Restated) $ 128,431  44,150  148  172,729  $ 53,208  22,198  39  75,445 
Product sales 16,104  1,711  —  17,815  12,213  2,275  172  14,660 
Total revenues (Restated) 144,535  45,861  148  190,544  65,421  24,473  211  90,105 
Cost of sharing, exclusive of depreciation (Restated) 80,442  22,720  42  103,204  38,389  30,339  757  69,485 
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 (Restated) $ 26,073  (3,490) 82  22,665  $ 1,356  (26,119) (1,124) (25,887)
Reconciling items:
Total expenses (Restated) $ 237,380  $ 182,782 
Loss before income taxes (Restated) $ (214,715) $ (208,669)
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.