UBER TECHNOLOGIES, INC. (UBER) FY2023 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-01-01 to 2023-12-31

Swipe to see the full flow
UBER TECHNOLOGIES, INC. cash flow reconciliation, Jan 1, 2023 through Dec 31, 2023One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) including non-controlling interests → Net cash from operating activities: $2,156,000,000.00Accrued insurance reserves → Operating adjustments reconciliation: $2,015,000,000.00Stock-based compensation → Operating adjustments reconciliation: $1,935,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $823,000,000.00Accrued expenses and other liabilities → Operating adjustments reconciliation: $295,000,000.00Operating lease right-of-use assets → Operating adjustments reconciliation: $191,000,000.00Unrealized foreign currency transactions → Operating adjustments reconciliation: $138,000,000.00Bad debt expense → Operating adjustments reconciliation: $92,000,000.00Impairments of goodwill, long-lived assets and other assets → Operating adjustments reconciliation: $86,000,000.00Loss from sale of investments → Operating adjustments reconciliation: $74,000,000.00Accounts payable → Operating adjustments reconciliation: $64,000,000.00Deferred income taxes → Operating adjustments reconciliation: $26,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,429,000,000.00Operating adjustments reconciliation → Unrealized (gain) loss on debt and equity securities, net: $1,610,000,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $1,462,000,000.00Operating adjustments reconciliation → Accounts receivable: $758,000,000.00Operating adjustments reconciliation → Gain on business divestitures: $204,000,000.00Operating adjustments reconciliation → Operating lease liabilities: $180,000,000.00Operating adjustments reconciliation → Loss (income) from equity method investments, net: $48,000,000.00Operating adjustments reconciliation → Other: $48,000,000.00Proceeds from maturities and sales of marketable securities → investing reconciliation: $5,069,000,000.00Proceeds from sale of equity method investments → investing reconciliation: $721,000,000.00Other investing activities → investing reconciliation: $33,000,000.00investing reconciliation → Purchases of marketable securities: $8,774,000,000.00investing reconciliation → Purchases of property and equipment: $223,000,000.00investing reconciliation → Purchases of non-marketable equity securities: $52,000,000.00Issuance of term loan and notes, net of issuance costs → financing reconciliation: $2,824,000,000.00Proceeds from the issuance of common stock under the Employee Stock Purchase Plan → financing reconciliation: $130,000,000.00financing reconciliation → Principal repayment on term loan and notes: $2,675,000,000.00financing reconciliation → Principal payments on finance leases: $171,000,000.00financing reconciliation → Purchase of Capped Calls: $141,000,000.00financing reconciliation → Other financing activities: $37,000,000.00financing reconciliation → Principal repayment on Careem Notes: $25,000,000.00Net cash used in financing activities → financing reconciliation: $95,000,000.00Net cash used in investing activities → investing reconciliation: $3,226,000,000.00Exchange-rate effect → Cash sources and uses: $63,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $6,677,000,000.00Net cash from operating activities → Cash sources and uses: $3,585,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $7,004,000,000.00Cash sources and uses → Net cash used in investing activities: $3,226,000,000.00Cash sources and uses → Net cash used in financing activities: $95,000,000.00Unrealized foreign currency transactions: $138,000,000.00Unrealized FX gain & loss+$138.00 MNet income (loss) including non-controlling interests: $2,156,000,000.00Net income (loss) including non-controlling interests+$2.16 BStock-based compensation: $1,935,000,000.00Stock-based compensation+$1.94 BImpairment of equity method investment: $0.00Accrued insurance reserves: $2,015,000,000.00Accrued insurance reserves+$2.02 BUnrealized (gain) loss on debt and equity securities, net: -$1,610,000,000.00Unrealized securities gain/loss−$1.61 BBad debt expense: $92,000,000.00Credit loss provision+$92.00 MLoss (income) from equity method investments, net: -$48,000,000.00Equity-method results−$48.00 MOperating lease right-of-use assets: $191,000,000.00Operating lease right-of-use+$191.00 MDeferred income taxes: $26,000,000.00Deferred income taxes+$26.00 MCollateral held by insurer: $0.00Gain on business divestitures: -$204,000,000.00Disposal group gain & loss−$204.00 MAccounts receivable: -$758,000,000.00Accounts receivable−$758.00 MPrepaid expenses and other assets: -$1,462,000,000.00Prepaid & other assets−$1.46 BOperating lease liabilities: -$180,000,000.00Operating lease liabilities−$180.00 MOther: -$48,000,000.00Other non-cash items−$48.00 MAccounts payable: $64,000,000.00Accounts payable+$64.00 MDepreciation and amortization: $823,000,000.00Depreciation & amortization+$823.00 MAccrued expenses and other liabilities: $295,000,000.00Accrued & other liabilities+$295.00 MImpairments of goodwill, long-lived assets and other assets: $86,000,000.00Impairments of goodwill, long-lived assets and otherassets+$86.00 MLoss from sale of investments: $74,000,000.00Investment sale gain & loss+$74.00 MRevaluation of MLU B.V. call option: $0.00Net cash from operating activities: $3,585,000,000.00Operating cash+$3.59 BOperating adjustments reconciliation: $5,739,000,000.00Issuance of term loan and notes, net of issuance costs: $2,824,000,000.00Long-term debt issued+$2.82 BPrincipal payments on finance leases: -$171,000,000.00Finance lease payments−$171.00 MPrincipal repayment on Careem Notes: -$25,000,000.00Notes payable repaid−$25.00 MProceeds from issuance and sale of subsidiary stock units: $0.00Principal repayment on term loan and notes: -$2,675,000,000.00Long-term debt repaid−$2.68 BOther financing activities: -$37,000,000.00Other financing, net−$37.00 MProceeds from the issuance of common stock under the Employee Stock Purchase Plan: $130,000,000.00Proceeds from the issuance of common stock underthe Employee Stock Purchase Plan+$130.00 MPurchase of Capped Calls: -$141,000,000.00Capped call purchases−$141.00 MNet cash used in financing activities: -$95,000,000.00. Cash required to fund net payments.Financing cash−$95.00 Mfinancing reconciliation: $3,049,000,000.00Acquisition of businesses, net of cash acquired: $0.00Purchases of property and equipment: -$223,000,000.00PP&E purchases−$223.00 MProceeds from maturities and sales of marketable securities: $5,069,000,000.00Marketable securities proceeds+$5.07 BProceeds from business divestiture: $0.00Purchase of notes receivables: $0.00Other investing activities: $33,000,000.00Other investing, net+$33.00 MPurchases of non-marketable equity securities: -$52,000,000.00Purchases of non-marketable equity securities−$52.00 MPurchases of marketable securities: -$8,774,000,000.00Marketable securities purchases−$8.77 BProceeds from sale of non-marketable equity securities: $0.00Proceeds from sale of equity method investments: $721,000,000.00Equity-method investment sales+$721.00 MNet cash used in investing activities: -$3,226,000,000.00. Cash required to fund net payments.Investing cash−$3.23 Binvesting reconciliation: $9,049,000,000.00Cash sources and uses: $10,325,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $6,677,000,000.00Beginning cash$6.68 BEnding cash: Cash, cash equivalents, and restricted cash: $7,004,000,000.00Ending cash$7.00 BExchange-rate effect: $63,000,000.00FX effect+$63.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$3.36 BOperating cash − cash spent on PP&ECash flow / Net income1.66×Operating cash flow ÷ net incomeNet cash change+$327.00 MEnding cash − beginning cash
Chart details

UBER TECHNOLOGIES, INC. cash flow reconciliation, Jan 1, 2023 through Dec 31, 2023

Cash flows for Jan 1, 2023 through Dec 31, 2023. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2022. Ending cash: Dec 31, 2023. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2022
6,677,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
3,585,000,000 US dollars. Net cash provided.
Unrealized foreign currency transactions
138,000,000 US dollars
Net income (loss) including non-controlling interests
2,156,000,000 US dollars
Stock-based compensation
1,935,000,000 US dollars
Impairment of equity method investment
0 US dollars
Accrued insurance reserves
2,015,000,000 US dollars
Unrealized (gain) loss on debt and equity securities, net
negative 1,610,000,000 US dollars
Bad debt expense
92,000,000 US dollars
Loss (income) from equity method investments, net
negative 48,000,000 US dollars
Operating lease right-of-use assets
191,000,000 US dollars
Deferred income taxes
26,000,000 US dollars
Collateral held by insurer
0 US dollars
Gain on business divestitures
negative 204,000,000 US dollars
Accounts receivable
negative 758,000,000 US dollars
Prepaid expenses and other assets
negative 1,462,000,000 US dollars
Operating lease liabilities
negative 180,000,000 US dollars
Other
negative 48,000,000 US dollars
Accounts payable
64,000,000 US dollars
Depreciation and amortization
823,000,000 US dollars
Accrued expenses and other liabilities
295,000,000 US dollars
Impairments of goodwill, long-lived assets and other assets
86,000,000 US dollars
Loss from sale of investments
74,000,000 US dollars
Revaluation of MLU B.V. call option
0 US dollars
Investing activities
negative 3,226,000,000 US dollars. Net cash used.
Acquisition of businesses, net of cash acquired
0 US dollars
Purchases of property and equipment
negative 223,000,000 US dollars
Proceeds from maturities and sales of marketable securities
5,069,000,000 US dollars
Proceeds from business divestiture
0 US dollars
Purchase of notes receivables
0 US dollars
Other investing activities
33,000,000 US dollars
Purchases of non-marketable equity securities
negative 52,000,000 US dollars
Purchases of marketable securities
negative 8,774,000,000 US dollars
Proceeds from sale of non-marketable equity securities
0 US dollars
Proceeds from sale of equity method investments
721,000,000 US dollars
Financing activities
negative 95,000,000 US dollars. Net cash used.
Issuance of term loan and notes, net of issuance costs
2,824,000,000 US dollars
Principal payments on finance leases
negative 171,000,000 US dollars
Principal repayment on Careem Notes
negative 25,000,000 US dollars
Proceeds from issuance and sale of subsidiary stock units
0 US dollars
Principal repayment on term loan and notes
negative 2,675,000,000 US dollars
Other financing activities
negative 37,000,000 US dollars
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan
130,000,000 US dollars
Purchase of Capped Calls
negative 141,000,000 US dollars
Operating adjustment reconciliation
5,739,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,049,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
9,049,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
63,000,000 US dollars
Ending cash on Dec 31, 2023
7,004,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
10,325,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
327,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.66×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
3,585,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
223,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
3,362,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.43B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 3,585,000,000 US dollars minus 223,000,000 US dollars equals 3,362,000,000 US dollars.
UBER TECHNOLOGIES, INC. (UBER) FY2023 Annual Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!