Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.2
Segment Information
 6 Months Ended
Jun. 30, 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 Retail 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 Retail 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. Revenues and costs in this segment relate to both sale of products and services.
Retail Sales Vehicle sale activity through retail channels.
The Company’s segment operating performance measure is gross profit (loss). Gross profit (loss) 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 profit (loss) to loss before income taxes (in thousands):
Three Months Ended June 30,
2023 2022
Sharing Business Platform Business Retail Business Total
 Segments		 Sharing Business Platform Business Retail Business Total
 Segments
Americas $ 35,373  $ 517  $ 464  $ 36,354  $ 43,601  3,678  1,625  $ 48,904 
EMEA 11,184  317  272  11,773  16,961  780  59  17,800 
Rest of the World 207  —  —  207  61  —  —  61 
Total revenues 46,764  834  736  48,334  60,623  4,458  1,684  66,765 
Cost of revenues:
Americas 13,986  232  429  14,647  24,360  3,079  3,065  30,505 
EMEA 6,295  159  117  6,571  9,159  39  80  9,278 
Rest of the World 83  —  —  83  31  —  —  31 
Cost of revenue, exclusive of depreciation 20,364  391  546  21,301  33,551  3,118  3,145  39,814 
Americas 6,121  —  —  6,121  9,117  —  —  9,117 
EMEA 1,531  —  —  1,531  9,290  —  —  9,290 
Rest of the World 32  —  —  32  17  —  —  17 
Depreciation on sharing vehicles 7,683  —  —  7,683  18,424  —  —  18,424 
Impairment of Product Sales Inventory (Retail) —  —  —  —  —  —  31,769  31,769 
Total cost of revenues 28,047  391  546  28,984  51,975  3,118  34,914  90,007 
Total gross profit (loss) $ 18,717  $ 443  $ 190  $ 19,350  $ 8,648  $ 1,340  $ (33,230) $ (23,242)
Reconciling items:
Total operating expenses 36,083  317,898 
Loss from operations (16,733) (341,140)
Interest income 105  8 
Interest expense (1,905) (2,618)
Other income, net 8,267  23,518 
Loss before income taxes $ (10,266) $ (320,232)
Six Months Ended June 30,
2023 2022
Sharing Business Platform Business Retail Business Total
 Segments		 Sharing Business Platform Business Retail Business Total
 Segments
Americas $ 56,676  $ 1,172  $ 629  $ 58,478  $ 65,431  6,081  4,014  $ 75,526 
EMEA 18,296  464  324  19,084  25,233  1,133  80  26,446 
Rest of the World 309  —  —  309  167  —  —  167 
Total revenues $ 75,281  $ 1,636  $ 954  $ 77,871  $ 90,830  $ 7,214  $ 4,095  $ 102,139 
Cost of revenues:
Americas 22,797  482  640  23,919  37,847  5,266  5,365  48,477 
EMEA 11,486  248  103  11,837  16,684  85  111  16,880 
Rest of the World 162  —  —  162  72  —  —  72 
Cost of revenue, exclusive of depreciation 34,444  731  743  35,918  54,603  5,350  5,476  65,429 
Americas 13,389  —  —  13,389  13,821  —  —  13,821 
EMEA 4,082  —  —  4,082  13,503  —  —  13,503 
Rest of the World 48  —  —  48  40  —  —  40 
Depreciation on sharing vehicles 17,518  —  —  17,518  27,364  —  —  27,364 
Impairment of Product Sales Inventory (Retail) —  —  —  —  —  —  31,769  31,769 
Total cost of revenues 51,962  731  743  53,436  81,967  5,350  37,245  124,562 
Total gross profit (loss) $ 23,319  $ 905  $ 211  $ 24,435  $ 8,863  $ 1,864  $ (33,150) $ (22,423)
Reconciling items:
Total operating expenses 76,637  418,112 
Loss from operations (52,202) (440,535)
Interest income 112  81 
Interest expense (3,874) (4,092)
Other income, net 2,288  132,098 
Loss before income taxes $ (53,676) $ (312,448)
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 June 30, Six Months Ended June 30,
(in thousands) 2023 2022 2023 2022
Revenue by country
USA $ 33,392  $ 48,092  $ 55,499  $ 74,683 
All other countries 14,942  18,673  22,373  27,456 
Total $ 48,334  $ 66,765  $ 77,871  $ 102,139 
No other country in the rest of the world exceeds 10% of Revenue.
(in thousands) June 30, 2023 December 31, 2022
Long-lived assets by country
USA $ 110,101  $ 122,484 
Canada 34,142  — 
All other countries 20,631  27,749 
Total $ 164,874  $ 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.