Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.23.3
Segment Information
 9 Months Ended
Sep. 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 first quarter of 2023, 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 September 30,
2023 2022
Sharing Business Platform Business Retail Business Total
 Segments		 Sharing Business Platform Business Retail Business Total
 Segments
Americas $ 36,998  $ 803  $ 36  $ 37,837  $ 46,504  1,242  3,659  $ 51,405 
EMEA 14,802  529  1,039  16,370  20,713  649  30  21,392 
Rest of the World 123  —  123  62  —  —  62 
Total revenues 51,923  1,332  1,075  54,330  67,279  1,891  3,689  72,859 
Cost of revenues:
Americas 14,167  277  1,512  15,956  19,779  926  1,290  21,995 
EMEA 9,450  142  83  9,675  11,454  (40) 29  11,443 
Rest of the World 49  —  —  49  29  —  —  29 
Cost of revenue, exclusive of depreciation 23,666  419  1,595  25,680  31,262  886  1,319  33,467 
Americas 7,167  —  —  7,167  8,540  —  —  8,540 
EMEA 2,244  —  —  2,244  3,127  —  —  3,127 
Rest of the World —  —  —  —  14  —  —  14 
Depreciation on sharing vehicles 9,411  —  —  9,411  11,681  —  —  11,681 
Impairment of Product Sales Inventory (Retail) —  —  —  —  —  —  —  — 
Total cost of revenues 33,077  419  1,595  35,091  42,943  886  1,319  45,148 
Total gross profit (loss) $ 18,846  $ 913  $ (520) $ 19,239  $ 24,336  $ 1,005  $ 2,370  $ 27,711 
Reconciling items:
Total operating expenses 33,872  29,439 
Loss from operations (14,633) (1,728)
Interest income 6  14 
Interest expense (2,020) (3,779)
Other income, net 86  (3,884)
Loss before income taxes $ (16,561) $ (9,377)
Nine Months Ended September 30,
2023 2022
Sharing Business Platform Business Retail Business Total
 Segments		 Sharing Business Platform Business Retail Business Total
 Segments
Americas $ 93,674  $ 1,975  $ 666  $ 96,315  $ 111,890  7,350  7,692  $ 126,932 
EMEA 33,098  993  1,363  35,454  45,990  1,737  111  47,838 
Rest of the World 432  —  —  432  229  —  —  229 
Total revenues $ 127,204  $ 2,968  $ 2,029  $ 132,201  $ 158,109  $ 9,087  $ 7,803  $ 174,999 
Cost of revenues:
Americas 37,544  758  1,572  39,874  57,432  5,979  7,060  70,471 
EMEA 20,355  390  767  21,512  28,137  44  143  28,324 
Rest of the World 211  1  —  212  96  —  —  96 
Cost of revenue, exclusive of depreciation 58,110  1,149  2,339  61,598  85,665  6,023  7,203  98,891 
Americas 20,603  —  —  20,603  22,361  —  —  22,361 
EMEA 6,326  —  —  6,326  16,630  —  —  16,630 
Rest of the World —  —  —  —  54  —  —  54 
Depreciation on sharing vehicles 26,929  —  —  26,929  39,045  —  —  39,045 
Impairment of Product Sales Inventory (Retail) —  —  —  —  —  —  31,769  31,769 
Total cost of revenues 85,039  1,149  2,339  88,527  124,710  6,023  38,972  169,705 
Total gross profit (loss) $ 42,165  $ 1,819  $ (310) $ 43,674  $ 33,399  $ 3,064  $ (31,169) $ 5,294 
Reconciling items:
Total operating expenses 110,509  447,551 
Loss from operations (66,835) (442,257)
Interest income 118  95 
Interest expense (5,894) (7,871)
Other income, net 2,374  128,214 
Loss before income taxes $ (70,237) $ (321,819)
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 September 30, Nine Months Ended September 30,
(in thousands) 2023 2022 2023 2022
Revenue by country
USA $ 33,696  $ 50,410  $ 89,195  $ 125,094 
All other countries 20,635  22,449  43,005  49,905 
Total $ 54,330  $ 72,859  $ 132,201  $ 174,999 
No other country in the rest of the world exceeds 10% of Revenue.
(in thousands) September 30, 2023 December 31, 2022
Long-lived assets by country
USA $ 135,854  $ 122,484 
Canada 33,426  — 
All other countries 16,156  27,749 
Total $ 185,436  $ 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.