UBER FY 2023 Earnings Report — Uber Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Uber Technologies, Inc.UBER

FY 2023 Earnings

Reported February 15, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$37.3B	—	$31.9B	—	17.0%
Op. Income	$1.1B	—	-$1.8B	—	160.6%
Gross Margin	39.8%	—	38.3%	—	1.4pp
Net Margin	5.1%	—	-28.7%	—	33.7pp
EPS (Diluted)	$0.87	—	$-4.65	—	118.7%
Free Cash Flow	$3.4B	—	$390M	—	762.1%

Revenue Flow

Item	Amount
REVENUE	$37.3B
Cost of Revenue	$22.5B
GROSS PROFIT	$14.8B
R&D Expenses	$3.2B
Selling & Marketing	$4.4B
General & Administrative	$2.7B
SG&A Expenses	$7.0B
Other Expenses	$3.5B
Operating Expenses	$13.7B
Cost & Expenses	$36.2B
OPERATING INCOME	$1.1B
Interest Income	$484M
Interest Expense	$633M
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$213M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$60M
BOTTOM LINE NET INCOME	$1.8B
D&A	$823M
EBIT	$3.0B
EBITDA	$3.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$37.3B
Cost of Revenue	$22.5B
GROSS PROFIT	$14.8B
R&D Expenses	$3.2B
Selling & Marketing	$4.4B
General & Administrative	$2.7B
SG&A Expenses	$7.0B
Other Expenses	$3.5B
Operating Expenses	$13.7B
Cost & Expenses	$36.2B
OPERATING INCOME	$1.1B
Interest Income	$484M
Interest Expense	$633M
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$213M
Net Income from Continuing Ops	$2.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$60M
BOTTOM LINE NET INCOME	$1.8B
D&A	$823M
EBIT	$3.0B
EBITDA	$3.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$823M
Stock-Based Compensation	$1.9B
Deferred Income Tax	$26M
Other Non-Cash Items	-$1.3B
Change in Working Capital	$165M
OPERATING CASH FLOW	$3.6B
Capital Expenditure	-$223M
Acquisitions (Net)	$721M
Purchases of Investments	-$8.8B
Sales/Maturities of Investments	$5.9B
Other Investing Activities	-$762M
NET CASH FROM INVESTING	-$3.2B
Net Debt Issuance	-$47M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$178M
NET CASH FROM FINANCING	-$95M
FREE CASH FLOW	$3.4B
Net Change in Cash	$327M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.5B
Short-Term Investments	$727M
Net Receivables	$4.1B
Inventory	$0
Other Current Assets	$564M
TOTAL CURRENT ASSETS	$11.3B
PP&E (Net)	$3.3B
Goodwill	$8.2B
Intangible Assets	$1.4B
Long-Term Investments	$13.0B
Tax Assets	$170M
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$27.4B
TOTAL ASSETS	$38.7B
Account Payables	$790M
Short-Term Debt	$499M
Deferred Revenue	$0
Other Current Liabilities	$6.8B
TOTAL CURRENT LIABILITIES	$9.5B
Long-Term Debt	$9.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$56M
Other Non-Current Liabilities	$5.2B
TOTAL NON-CURRENT LIABILITIES	$16.6B
TOTAL LIABILITIES	$26.0B
Common Stock	$0
Additional Paid-In Capital	$42.3B
Retained Earnings	-$30.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$421M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.2B
Minority Interest	$1.4B
TOTAL EQUITY	$12.7B
TOTAL LIABILITIES & EQUITY	$38.7B
Total Debt	$11.8B
Net Debt	$6.3B