Uber Technologies Inc., current enterprise value calculation

Current share price (P)	$69.05
No. shares of common stock outstanding	2,076,497,400
US$ in millions
Common equity (market value)¹	143,382)
Add: Non-redeemable non-controlling interests (per books)	779)
Total equity	144,161)
Add: Current portion of long-term debt (per books)	25)
Add: Finance leases liabilities, current (per books)	156)
Add: Long-term debt, net of current portion (per books)	9,459)
Add: Finance leases liabilities, non-current (per books)	322)
Total equity and debt	154,123)
Less: Cash and cash equivalents	4,680)
Less: Short-term investments	727)
Less: Restricted cash and cash equivalents	805)
Enterprise value (EV)	147,911)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 69.05 × 2,076,497,400

Uber Technologies Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$81.39	$34.20	$34.87	$54.40	$32.85
No. shares of common stock outstanding¹	2,076,497,400	2,009,907,175	1,954,464,088	1,858,167,579	1,723,775,076
US$ in millions
Common equity (market value)³	169,006)	68,739)	68,152)	101,084)	56,626)
Add: Non-redeemable non-controlling interests (book value)	779)	734)	687)	701)	682)
Total equity	169,785)	69,473)	68,839)	101,785)	57,308)
Add: Current portion of long-term debt (book value)	25)	27)	27)	27)	27)
Add: Finance leases liabilities, current (book value)	156)	115)	191)	177)	165)
Add: Long-term debt, net of current portion (book value)	9,459)	9,265)	9,276)	7,560)	5,707)
Add: Finance leases liabilities, non-current (book value)	322)	284)	43)	120)	143)
Total equity and debt	179,747)	79,164)	78,376)	109,669)	63,350)
Less: Cash and cash equivalents	4,680)	4,208)	4,295)	5,647)	10,873)
Less: Short-term investments	727)	103)	—)	1,180)	440)
Less: Restricted cash and cash equivalents	805)	680)	631)	250)	99)
Enterprise value (EV)	173,535)	74,173)	73,450)	102,592)	51,938)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Uber Technologies Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 81.39 × 2,076,497,400

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Uber Technologies Inc. EV increased from 2021 to 2022 and from 2022 to 2023.

Uber Technologies Inc. (NYSE:UBER)

Enterprise Value (EV)