Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Uber Technologies Inc., consolidated statement of comprehensive income
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 exhibits notable fluctuations in both net income and comprehensive income over the five-year period, with significant variations in profitability and other comprehensive components.
- Net Income (Loss) Including Non-Controlling Interests
- The net income displayed substantial volatility, with a pronounced loss of -$6,788 million in 2020, followed by a major improvement in 2021 to -$570 million. However, 2022 saw a sharp reversal, plunging again to a loss of -$9,138 million. The trend shifted positively in the final two years, registering a profit of $2,156 million in 2023 and further growth to $9,845 million in 2024.
- Change in Foreign Currency Translation Adjustment
- Foreign currency translation adjustments fluctuated modestly across the years. It showed a negative impact of -$350 million in 2020, improved to positive territory with $57 million in 2021 and $81 million in 2022, then slightly decreased in 2023 to $17 million, and turned negative again in 2024 with -$95 million.
- Change in Unrealized Gain (Loss) on Investments in Available-for-Sale Debt Securities
- Changes in unrealized gains or losses showed minor movements, with virtually negligible impacts. The values ranged narrowly between a -$46 million loss in 2021 and marginal gains or losses in other years, indicating minimal volatility or material effect on the comprehensive income.
- Other Comprehensive Income (Loss), Net of Tax
- Other comprehensive income components followed the pattern of foreign currency adjustments and unrealized investment gains/losses, showing a slight loss in 2020 (-$348 million), turning positive in subsequent years (with an exception of -$96 million in 2024). The overall impact remained relatively small compared to net income fluctuations.
- Comprehensive Income (Loss) Including Non-Controlling Interests
- The comprehensive income mirrored net income trends closely, reflecting large losses in 2020 (-$7,136 million) and 2022 (-$9,057 million), a marked improvement in losses during 2021 (-$559 million), and significant positive outcomes in 2023 ($2,178 million) and 2024 ($9,749 million).
- Comprehensive (Income) Loss Attributable to Non-Controlling Interests
- Amounts attributable to non-controlling interests varied notably, starting positive at $20 million in 2020, rising to a peak of $74 million in 2021, then reversing to a slight loss in 2022 (-$3 million), a meaningful loss of -$269 million in 2023, and returning to a positive $11 million in 2024. These fluctuations indicate shifting participation or ownership effects in overall profitability.
- Comprehensive Income (Loss) Attributable to Uber Technologies, Inc.
- The segment attributable directly to the company displayed trends consistent with overall comprehensive income. It experienced significant losses in 2020 (-$7,116 million) and 2022 (-$9,060 million), smaller losses in 2021 (-$485 million), followed by strong gains in 2023 ($1,909 million) and 2024 ($9,760 million). The magnitude of changes in recent years suggests improved operational or strategic outcomes.
In summary, the financial results highlight a period of instability with large losses primarily in 2020 and 2022, contrasted by notable profitability growth in 2023 and 2024. Other comprehensive income components remained relatively minor in influence throughout the timeline, while fluctuations in non-controlling interests indicate changing financial participation contributing to overall results.