Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Uber Technologies Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income (loss) including non-controlling interests	2,156)	(9,138)	(570)	(6,788)	(8,512)
Depreciation and amortization	823)	947)	902)	575)	472)
Bad debt expense	92)	114)	109)	76)	92)
Stock-based compensation	1,935)	1,793)	1,168)	827)	4,596)
Gain on extinguishment of convertible notes and settlement of derivatives	—)	—)	—)	—)	(444)
(Gain) loss from sale of investments	74)	—)	(413)	—)	—)
Gain on business divestitures	(204)	(14)	(1,684)	(204)	—)
Deferred income taxes	26)	(441)	(692)	(266)	(88)
Impairment of debt and equity securities	—)	—)	—)	1,690)	—)
Impairments of goodwill, long-lived assets and other assets	86)	28)	116)	404)	—)
Impairment of equity method investment	—)	182)	—)	—)	—)
(Income) loss from equity method investments, net	(48)	(107)	37)	34)	34)
Unrealized (gain) loss on debt and equity securities, net	(1,610)	7,045)	(1,142)	125)	(2)
Revaluation of MLU B.V. call option	—)	(191)	—)	—)	—)
Unrealized foreign currency transactions	138)	96)	38)	48)	16)
Other	(48)	(7)	4)	2)	15)
Accounts receivable	(758)	(542)	(597)	142)	(407)
Prepaid expenses and other assets	(1,462)	(196)	(236)	94)	(478)
Collateral held by insurer	—)	—)	860)	339)	(1,199)
Operating lease right-of-use assets	191)	193)	165)	341)	201)
Accounts payable	64)	(133)	90)	(133)	95)
Accrued insurance reserves	2,015)	736)	516)	(3)	481)
Accrued expenses and other liabilities	295)	492)	1,068)	83)	960)
Operating lease liabilities	(180)	(215)	(184)	(131)	(153)
Change in assets and liabilities, net of impact of business acquisitions and disposals	165)	335)	1,682)	732)	(500)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities	1,429)	9,780)	125)	4,043)	4,191)
Net cash provided by (used in) operating activities	3,585)	642)	(445)	(2,745)	(4,321)
Purchases of property and equipment	(223)	(252)	(298)	(616)	(588)
Purchases of non-marketable equity securities	(52)	(14)	(982)	(10)	(100)
Purchases of marketable securities	(8,774)	(1,708)	(1,113)	(2,101)	(441)
Proceeds from sale of non-marketable equity securities	—)	—)	500)	—)	—)
Proceeds from maturities and sales of marketable securities	5,069)	376)	2,291)	1,360)	2)
Proceeds from sale of equity method investments	721)	—)	1,000)	—)	—)
Proceeds from business divestiture	—)	26)	—)	—)	293)
Acquisition of businesses, net of cash acquired	—)	(59)	(2,314)	(1,471)	(7)
Return of capital from equity method investee	—)	—)	—)	91)	—)
Purchase of notes receivables	—)	—)	(297)	(185)	—)
Other investing activities	33)	(6)	12)	63)	51)
Net cash used in investing activities	(3,226)	(1,637)	(1,201)	(2,869)	(790)
Proceeds from issuance of common stock upon initial public offering, net of offering costs	—)	—)	—)	—)	7,973)
Proceeds from issuance of common stock related to private placement	—)	—)	—)	—)	500)
Proceeds from issuance and sale of subsidiary stock units	—)	255)	675)	247)	1,000)
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan	130)	92)	107)	125)	49)
Issuance of term loan and notes, net of issuance costs	2,824)	—)	1,484)	2,628)	1,189)
Purchase of Capped Calls	(141)	—)	—)	—)	—)
Principal repayment on term loan and notes	(2,675)	—)	(27)	(527)	(27)
Principal repayment on Careem Notes	(25)	(80)	(307)	(891)	—)
Principal payments on finance leases	(171)	(184)	(226)	(224)	(138)
Other financing activities	(37)	(68)	74)	21)	(1,607)
Net cash provided by (used in) financing activities	(95)	15)	1,780)	1,379)	8,939)
Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents	63)	(148)	(69)	(92)	(4)
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents	327)	(1,128)	65)	(4,327)	3,824)
Cash and cash equivalents, and restricted cash and cash equivalents, beginning of period	6,677)	7,805)	7,391)	12,067)	8,209)
Reclassification from (to) assets held for sale during the period	—)	—)	349)	(349)	34)
Cash and cash equivalents, and restricted cash and cash equivalents, end of period, excluding cash classified within assets held for sale	7,004)	6,677)	7,805)	7,391)	12,067)

Based on: 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), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Uber Technologies Inc. net cash provided by (used in) operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Uber Technologies Inc. net cash used in investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Uber Technologies Inc. net cash provided by (used in) financing activities decreased from 2021 to 2022 and from 2022 to 2023.

Uber Technologies Inc. (NYSE:UBER)

Cash Flow Statement