Uber Technologies Inc. (NYSE:UBER)

Revenue

The revenue exhibits a generally upward trend over the six-year period. There was an initial decline from 14,147 million US dollars in 2019 to 11,139 million in 2020. However, from 2020 onwards, revenue increased significantly, nearly tripling by 2022 to 31,877 million US dollars, and continuing to rise in 2023 and 2024, reaching 43,978 million US dollars. This demonstrates strong revenue growth and recovery following a drop in 2020.

Income (Loss) from Operations

Operating losses have steadily decreased over the initial period from a loss of 8,596 million US dollars in 2019 to 1,832 million in 2022, indicating improved operational efficiency and cost management. In 2023, the company reported a positive operating income of 1,110 million US dollars, which further increased to 2,799 million in 2024. This shift from operating losses to operating profit marks significant progress in achieving profitability at the operating level.

Net Income (Loss) Attributable to Uber Technologies, Inc.

The net income attributable to the company follows a similar trajectory to operating income but with more volatility. The company experienced substantial net losses in the early years with the largest loss of 9,141 million in 2022. Interestingly, 2023 reflects a positive net income of 1,887 million US dollars, followed by a substantial increase to 9,856 million in 2024. The transition from heavy losses to substantial net profits indicates a turnaround in overall financial performance and net profitability.

The analysis of the annual financial data reveals several notable trends in the company's asset base over the specified period.

Current Assets

There is a declining trend in current assets from 2019 to 2021, dropping from 13,925 million USD to 8,819 million USD. This represents a significant reduction over the first three years. However, starting in 2022, current assets begin to recover, increasing to 9,249 million USD, followed by consistent growth through 2023 and 2024, reaching 12,245 million USD. This suggests an initial contraction of liquid or short-term assets, with a gradual rebuilding phase in the later years.

Total Assets

Total assets show an overall upward trajectory from 2019 to 2021, rising from 31,761 million USD to 38,774 million USD. This was followed by a notable decline in 2022, falling to 32,109 million USD. Subsequently, total assets surged in the next two years, increasing to 38,699 million USD in 2023 and reaching a peak of 51,244 million USD by 2024. The fluctuation indicates an initial asset expansion, a temporary contraction in 2022, and a significant asset accumulation afterwards, possibly through investments, acquisitions, or asset revaluation.

Overall, the data reflects a dynamic period for asset management with an initial weakening of liquidity and total asset base followed by a substantial recovery and growth phase by the end of the review period. This pattern may imply strategic shifts or external factors impacting asset levels, with a strong recovery momentum in the final years.

Current Liabilities

The current liabilities have demonstrated a consistent upward trend over the analyzed period. Starting at 5,639 million USD in 2019, the figure increased steadily each year, reaching 11,476 million USD by 2024. This more than doubling of current liabilities suggests a growing short-term financial obligation.

Total Liabilities

Total liabilities also show a clear increasing trend. From 16,578 million USD in 2019, they increased annually to reach 28,768 million USD by 2024. The consistent rise in total liabilities signals expanding financial obligations, both current and non-current.

Long-term Debt, Net of Current Portion

Long-term debt increased steadily from 5,707 million USD in 2019 to a peak of 9,459 million USD in 2023, before declining to 8,347 million USD in 2024. The initial growth indicates increased leverage or financing through debt, while the slight reduction in the final year may suggest efforts to reduce or restructure long-term obligations.

Total Stockholders’ Equity

Stockholders’ equity displayed fluctuating behavior during the period. It declined from 14,190 million USD in 2019 to 7,340 million USD in 2022, showing a substantial decrease that could point to losses or share repurchases. However, equity rebounded strongly in the subsequent years, reaching 21,558 million USD in 2024, the highest in the period. This recovery could indicate improved profitability, capital infusion, or retained earnings accumulation.

Operating Activities Cash Flow

The net cash provided by operating activities exhibited a marked improvement over the period analyzed. Initially, there was a significant cash outflow of -4321 million USD at the end of 2019. This outflow decreased substantially in 2020 to -2745 million USD and further improved in 2021 to -445 million USD. Starting in 2022, the company generated positive cash flow from operating activities, amounting to 642 million USD, which continued to increase to 3585 million USD in 2023 and further to 7137 million USD in 2024. This trend indicates a transition from negative to strong positive operational cash flow over six years.

Investing Activities Cash Flow

Cash used in investing activities remained consistently negative throughout the period. The outflows were -790 million USD in 2019, worsening significantly to -2869 million USD in 2020. Following 2020, there was reduced cash outflow in 2021 at -1201 million USD, but the outflows increased again in 2022 to -1637 million USD and saw the highest outflows in 2023 and 2024, with -3226 million USD and -3177 million USD respectively. This pattern suggests ongoing substantial investments or asset purchases despite fluctuations, generally indicating expansion or capital expenditure activities.

Financing Activities Cash Flow

The net cash provided by financing activities showed a declining trend over the years. There was a high inflow of 8939 million USD at the end of 2019, which dropped sharply to 1379 million USD in 2020. From 2021 onwards, inflows further decreased to 1780 million USD, then almost neutral at 15 million USD in 2022. Subsequently, the company experienced net outflows from financing activities, with cash flows of -95 million USD in 2023 and a further decrease to -2087 million USD in 2024. This indicates a shift from raising funds through financing towards possible repayments, buybacks, or other financing outflows in the later years.

Basic earnings per share (EPS)

The basic EPS shows a significant improvement over the six-year period. Initially, there was a substantial negative EPS of -6.81 USD in 2019, which improved to -3.86 USD in 2020, and further decreased in magnitude to -0.26 USD by 2021. However, in 2022, the EPS again turned more negative to -4.64 USD, indicating a temporary decline in profitability. From 2023 onward, there was a notable positive turnaround with EPS becoming positive at 0.93 USD and continuing to improve substantially to 4.71 USD by 2024. This trend suggests a recovery phase and eventual achievement of profitability.

Diluted earnings per share (EPS)

The diluted EPS follows a pattern very similar to the basic EPS. It started at -6.81 USD in 2019, improving to -3.86 USD in 2020, and reaching -0.29 USD in 2021. The figure then declined to -4.65 USD in 2022, consistent with the basic EPS performance in that year. Following this, the diluted EPS rose to a positive 0.87 USD in 2023 and increased further to 4.56 USD in 2024. The close alignment with basic EPS results indicates minimal dilution effects impacting earnings per share.

Dividend per share

No dividends were declared or paid throughout the entire period covered. The consistently empty values indicate the company did not distribute profits to shareholders in the form of dividends during these years, which could reflect a focus on reinvestment or financial recovery prior to initiating dividend payments.