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DoorDash, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-K
Revenues:  
    Non-US  11.011.08.09.0
    UNITED STATES  4,877.02,875.0877.0282.0
Total revenues  4,888.02,886.0885.0291.0
            Revenue growth   [+]69.4%226.1%204.1% 
Cost of goods sold  2,338.01,368.0523.0228.0
Gross profit  2,550.01,518.0362.063.0
            Gross margin  52.2%52.6%40.9%21.6%
Selling, general and administrative   [+]2,416.01,513.0839.0213.0
Research and development  430.0321.0107.051.0
Adjusted EBITDA  190.06.0-566.0-177.0
            Adjusted EBITDA margin  3.9%0.2%-64.0%-60.8%
Stock-based compensation  486.0322.018.024.0
EBITDA   [+]-296.0-316.0-584.0-201.0
            EBITDA margin  -6.1%-10.9%-66.0%-69.1%
Depreciation  143.069.025.09.0
EBITA  -439.0-385.0-609.0-210.0
            EBITA margin  -9.0%-13.3%-68.8%-72.2%
Amortization of intangibles  13.051.07.0 
EBIT   [+]-452.0-436.0-616.0-210.0
            EBIT margin  -9.2%-15.1%-69.6%-72.2%
Interest expense  14.032.0 1.0
Other income (expense), net  3.010.0-50.07.0
Pre-tax income  -463.0-458.0-666.0-204.0
Income taxes  5.03.01.00.0
            Tax rate     0.0%
Net income  -468.0-461.0-668.0-207.0
            Net margin  -9.6%-16.0%-75.5%-71.1%
   
Basic EPS   [+]($1.39)($7.39)($15.44)($4.67)
Diluted EPS   [+]($1.39)($7.39)($15.44)($4.67)
   
Shares outstanding (basic)   [+]336.862.443.344.3
Shares outstanding (diluted)   [+]336.862.443.344.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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