Balance Sheet: Liabilities and Stockholders’ Equity
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Common-Size Income Statement
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2019
- Total Asset Turnover since 2019
- Price to Operating Profit (P/OP) since 2019
- Price to Book Value (P/BV) since 2019
- Analysis of Revenues
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Uber Technologies Inc., consolidated balance sheet: liabilities and stockholders’ equity
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The financial data over the review periods reveal various trends and fluctuations across liabilities and equity components.
- Current Liabilities
- The total current liabilities increased steadily from US$6,865 million in 2020 to US$11,476 million by 2024. Key contributors to this growth include accounts payable, which rose significantly from US$235 million to US$858 million, and short-term insurance reserves, which more than doubled from US$1,243 million to US$2,754 million. Notably, accrued drivers and merchants liability surged from US$651 million in 2020 to a peak of US$1,996 million in 2023 before declining to US$1,421 million in 2024. Accrued legal, regulatory, and non-income taxes showed a declining trend from 2021 onwards, decreasing from US$2,187 million to US$1,533 million in 2024. The current portion of long-term debt remained stable around US$27 million until a dramatic increase to US$1,150 million in 2024, indicating a significant repayment or reclassification in that year.
- Non-Current Liabilities
- Non-current liabilities increased from US$12,633 million in 2020 to US$17,292 million in 2024. Long-term insurance reserves exhibited strong growth, more than tripling from US$2,223 million to US$7,042 million, highlighting rising long-term obligations possibly related to insurance claims or policies. Conversely, long-term debt, net of current portion, remained relatively stable around US$9,000 million until a decrease to US$8,347 million in 2024. Operating lease liabilities, both current and non-current, showed minor fluctuations with a slight downward movement by 2024. Deferred tax liabilities significantly declined from US$818 million in 2020 to single-digit values by 2024, potentially reflecting changes in tax positions or accounting estimates. Other long-term liabilities decreased considerably, falling from US$1,306 million to US$449 million over the period.
- Total Liabilities
- Total liabilities expanded consistently, rising from US$19,498 million in 2020 to US$28,768 million in 2024, reflecting the combined growth in current and non-current obligations. This increase suggests an overall expansion of the company’s debt and operational commitments.
- Stockholders’ Equity
- Stockholders’ equity demonstrated a volatile pattern. It increased from US$12,266 million in 2020 to a peak of US$14,458 million in 2021, followed by a substantial decline to US$7,340 million in 2022. Equity then recovered to US$21,558 million by 2024. These fluctuations are primarily driven by the accumulated deficit, which worsened markedly to US$32,767 million in 2022 before improving significantly to US$20,726 million in 2024. Additional paid-in capital showed steady growth throughout the period, increasing from US$35,931 million to US$42,801 million. The accumulated other comprehensive loss remained relatively stable with minor reductions and slight increase in the final year. Total equity, which includes non-redeemable non-controlling interests, follows the same pattern as stockholders’ equity, reflecting the net balance of financial performance and capital transactions.
- Non-Controlling Interests
- Redeemable non-controlling interests experienced a sharp decline from US$787 million in 2020 to just US$93 million in 2024, indicating possible buyouts or reclassification. Non-redeemable non-controlling interests, on the other hand, remained relatively stable and slightly increased from US$701 million to US$825 million over the period.
- Overall Financial Position
- The total of liabilities, redeemable non-controlling interests, and equity grew from US$33,252 million in 2020 to US$51,244 million in 2024, highlighting significant expansion in the company’s balance sheet size. This growth encompasses increased liabilities and a recovering equity base after 2022. The marked changes in accumulated deficits and equity components suggest periods of operational challenges followed by recovery or capital injections.