Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.1
Segment Information
 3 Months Ended
Mar. 31, 2023
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. Given management changes that occurred in the quarter, the Company reevaluated the operating segments and determined that the operating segments align with each offering of the Company’s business model (Sharing, Platform Services and Product Sales) in each country where such services are offered. The Company aggregated operating segments into operating regions, where appropriate, and determined that Reportable Segments align with the product offerings of Sharing, Platform Services and Product Sales. The Company changed its reportable segments effective January 1, 2023 and has retroactively reflected the change for the comparative periods included herein.

Reportable Segment Description
Sharing Business activities where we own vehicles and interact directly with customers, offering rides on our vehicles for individual trips through our proprietary software platform.
Platform Arrangements where an independent operator contracts with us to acquire vehicles, generally through a sale, and we then grant the operator a license to use our software platform for a fee.
Retail Sales Vehicle sale activity through retail channels.
The Company’s segment operating performance measure is gross margin. Gross margin is defined as revenues less cost of revenues.
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,
2023 2022
Sharing Business Platform Business Retail Business Total Segments Sharing Business Platform Business Retail Business Total Segments
Total revenues $ 28,517  $ 802  $ 218  $ 29,537  $ 30,176  $ 2,700  $ 2,499  $ 35,375 
Cost of revenues:
Cost of revenue, exclusive of depreciation 14,080  340  197  14,617  21,161  2,224  2,230  25,615 
Depreciation on sharing vehicles 9,835  —  —  9,835  8,940  —  —  8,940 
Total cost of revenues 23,915  340  197  24,452  30,101  2,224  2,230  34,555 
Total gross margin $ 4,602  $ 462  $ 21  $ 5,085  $ 75  $ 476  $ 269  $ 820 
Reconciling items:
Total operating expenses 40,554  100,214 
Loss from operations (35,469) (99,394)
Interest income 7  72 
Interest expense (1,969) (1,473)
Other (expense) income, net (5,979) 108,580 
Loss before income taxes $ (43,410) $ 7,785 
Geographic Information
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.
Three Months Ended March 31,
(in thousands) 2023 2022
Revenue by Country
USA $ 22,107  $ 26,590 
Rest of the world 7,430  8,785 
Total $ 29,537  $ 35,375 
No other country in the rest of the world exceeds 10% of Revenue.
(in thousands) March 31, 2023 December 31, 2022
Long-lived assets by country
USA $ 114,352  $ 122,484 
Canada 32,637  — 
Rest of the world 27,151  27,749 
Total $ 174,140  $ 150,233 
Long-lived assets include vehicles, net, vehicle deposits, goodwill, right-of-use assets, intangible assets and fixed assets. Goodwill is attributable to the Bird Canada acquisition and is included in the Sharing reportable segment.