Instacart IPO Presentation Deck
GAAP to Non-GAAP Reconciliation
($ in millions)
Net Income (Loss)
Add (Deduct)
Provision for (benefit from) income taxes
Interest income
Other (income) expense, net
Depreciation and amortization expense
Stock based compensation expense
Certain legal and regulatory accruals and settlements, net¹
Reserves for sales and other indirect taxes²
Acquisition-related expenses
Other³
Adjusted EBITDA
GTV
Net Income (Loss) as % of GTV
Adjusted EBITDA as % of GTV
March 31, 2022
$(82)
1
-
-
7
7
13
1
1
$(52)
$7,277
(1.1)%
(0.7)%
June 30, 2022
$8
(2)
2
8
6
6
(1)
1
4
$32
$7,079
0.1%
0.5%
Quarter Ended
September 30,
2022
$36
(3)
(5)
5
8
10
18
(2)
7
$74
$7,080
0.5%
1.0%
December 31,
2022
$466
(355)
(10)
1
11
10
13
1
(4)
$133
$7,390
6.3%
1.8%
March 31, 2023
$128
36
(14)
-
11
5
1
1
1
$169
$7,465
1.7%
2.3%
June 30, 2023
'Represents certain legal, regulatory, and policy expenses related to worker classification matters. 2 Represents sales and other indirect tax reserves, net of abatements, for periods in which we were unable to collect such taxes from customers We believe this
adjustment is useful for investors in understanding our operating performance because in these cases, the taxes were not intended to be a cost to us but rather are to be borne by the customers. Represents (i) non-capitalizable expenses related to the potential
public listing of our common stock and (ii) expenses related to the settlement of certain patent infringement claims.
$114
28
(20)
(3)
11
4
(7)
(12)
(5)
$110
$7,472
1.5%
1.5%View entire presentation