Uber Technologies Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 15, 2024
UBER$69.69+0.8%Stored close · as of Nov 13, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
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| UBER TECHNOLOGIES, INC. | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
| (In millions) | |||
| Year Ended December 31, | |||
| 2021 | 2022 | 2023 | |
| Cash flows from operating activities | |||
| Net income (loss) including non-controlling interests | $(570) | $(9,138) | $2,156 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 902 | 947 | 823 |
| Bad debt expense | 109 | 114 | 92 |
| Stock-based compensation | 1,168 | 1,793 | 1,935 |
| Loss from sale of investments | (413) | — | 74 |
| Gain on business divestitures | (1,684) | (14) | (204) |
| Deferred income taxes | (692) | (441) | 26 |
| Impairments of goodwill, long-lived assets and other assets | 116 | 28 | 86 |
| Impairment of equity method investment | — | 182 | — |
| Loss (income) from equity method investments, net | 37 | (107) | (48) |
| Unrealized (gain) loss on debt and equity securities, net | (1,142) | 7,045 | (1,610) |
| Revaluation of MLU B.V. call option | — | (191) | — |
| Unrealized foreign currency transactions | 38 | 96 | 138 |
| Other | 4 | (7) | (48) |
| Change in assets and liabilities, net of impact of business acquisitions and disposals: | |||
| Accounts receivable | (597) | (542) | (758) |
| Prepaid expenses and other assets | (236) | (196) | (1,462) |
| Collateral held by insurer | 860 | — | — |
| Operating lease right-of-use assets | 165 | 193 | 191 |
| Accounts payable | 90 | (133) | 64 |
| Accrued insurance reserves | 516 | 736 | 2,015 |
| Accrued expenses and other liabilities | 1,068 | 492 | 295 |
| Operating lease liabilities | (184) | (215) | (180) |
| Net cash provided by (used in) operating activities | (445) | 642 | 3,585 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (298) | (252) | (223) |
| Purchases of non-marketable equity securities | (982) | (14) | (52) |
| Purchases of marketable securities | (1,113) | (1,708) | (8,774) |
| Proceeds from sale of non-marketable equity securities | 500 | — | — |
| Proceeds from maturities and sales of marketable securities | 2,291 | 376 | 5,069 |
| Proceeds from sale of equity method investments | 1,000 | — | 721 |
| Proceeds from business divestiture | — | 26 | — |
| Acquisition of businesses, net of cash acquired | (2,314) | (59) | — |
| Purchase of notes receivables | (297) | — | — |
| Other investing activities | 12 | (6) | 33 |
| Net cash used in investing activities | (1,201) | (1,637) | (3,226) |
| Cash flows from financing activities | |||
| Proceeds from issuance and sale of subsidiary stock units | 675 | 255 | — |
| Proceeds from the issuance of common stock under the Employee Stock Purchase Plan | 107 | 92 | 130 |
| Issuance of term loan and notes, net of issuance costs | 1,766 | — | 2,824 |
| Purchase of Capped Calls | — | — | (141) |
| UBER TECHNOLOGIES, INC. | |||
|---|---|---|---|
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
| (In millions) | |||
| Year Ended December 31, | |||
| 2021 | 2022 | 2023 | |
| Principal repayment on term loan and notes | (309) | — | (2,675) |
| Principal repayment on Careem Notes | (307) | (80) | (25) |
| Principal payments on finance leases | (226) | (184) | (171) |
| Other financing activities | 74 | (68) | (37) |
| Net cash provided by (used in) financing activities | 1,780 | 15 | (95) |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents | (69) | (148) | 63 |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents | 65 | (1,128) | 327 |
| Cash and cash equivalents, and restricted cash and cash equivalents | |||
| Beginning of period | 7,391 | 7,805 | 6,677 |
| Reclassification from (to) assets held for sale during the period | 349 | — | — |
| End of period, excluding cash classified within assets held for sale | $7,805 | $6,677 | $7,004 |
| Supplemental disclosures of cash flow information | |||
| Cash paid for: | |||
| Interest, net of amount capitalized | $449 | $513 | $629 |
| Income taxes, net of refunds | 87 | 175 | 234 |
| Non-cash investing and financing activities: | |||
| Finance lease obligations | 184 | 349 | 216 |
| Right-of-use assets obtained in exchange for lease obligations | 273 | 329 | 84 |
| Common stock issued in connection with acquisitions | 1,868 | — | — |
| Ownership interest received in exchange for divestitures | 1,018 | — | 300 |
| Conversion of convertible notes to common stock related to Careem | 232 | — | — |
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