false--12-31Q22019000154315121P1Y42234000000390000000.000010.000012696114000500000000045718900016976140004571890001697614000P5YP8Y16.16P10YP1Y7260.89220P1Y1400000000.000010.00001946246000090360700009036070000 0001543151 2019-01-01 2019-06-30 0001543151 2019-07-30 0001543151 2019-06-30 0001543151 2018-12-31 0001543151 2018-04-01 2018-06-30 0001543151 2019-04-01 2019-06-30 0001543151 2018-01-01 2018-06-30 0001543151 uber:SeriesGRedeemableConvertiblePreferredStockMember 2018-04-01 2018-06-30 0001543151 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0001543151 us-gaap:PreferredStockMember 2018-01-01 2018-03-31 0001543151 2018-01-01 2018-03-31 0001543151 us-gaap:NoncontrollingInterestMember 2018-06-30 0001543151 us-gaap:PreferredStockMember 2018-06-30 0001543151 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001543151 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0001543151 us-gaap:CommonStockMember 2018-03-31 0001543151 us-gaap:CommonStockMember 2018-06-30 0001543151 us-gaap:PreferredStockMember 2017-12-31 0001543151 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001543151 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001543151 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0001543151 us-gaap:PreferredStockMember 2018-04-01 2018-06-30 0001543151 us-gaap:RetainedEarningsMember 2018-06-30 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0001543151 us-gaap:NoncontrollingInterestMember 2017-12-31 0001543151 uber:SeriesGRedeemableConvertiblePreferredStockMember us-gaap:PreferredStockMember 2018-04-01 2018-06-30 0001543151 us-gaap:RetainedEarningsMember 2018-03-31 0001543151 us-gaap:CommonStockMember 2017-12-31 0001543151 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001543151 uber:SeriesGRedeemableConvertiblePreferredStockMember us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0001543151 us-gaap:RetainedEarningsMember 2017-12-31 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001543151 us-gaap:PreferredStockMember 2018-03-31 0001543151 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001543151 us-gaap:NoncontrollingInterestMember 2018-03-31 0001543151 2018-06-30 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001543151 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001543151 2018-03-31 0001543151 2017-12-31 0001543151 us-gaap:RetainedEarningsMember 2019-06-30 0001543151 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001543151 us-gaap:RetainedEarningsMember 2019-03-31 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001543151 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001543151 us-gaap:PreferredStockMember 2018-12-31 0001543151 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001543151 us-gaap:CommonStockMember 2019-06-30 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001543151 uber:HoldersOf2021ConvertibleNotesAnd2022ConvertibleNotesMember us-gaap:CommonStockMember us-gaap:IPOMember 2019-04-01 2019-06-30 0001543151 us-gaap:NoncontrollingInterestMember 2019-06-30 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001543151 2019-01-01 2019-03-31 0001543151 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001543151 2019-03-31 0001543151 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0001543151 us-gaap:PreferredStockMember 2019-01-01 2019-03-31 0001543151 us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001543151 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001543151 us-gaap:CommonStockMember 2018-12-31 0001543151 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001543151 us-gaap:PreferredStockMember 2019-03-31 0001543151 us-gaap:RetainedEarningsMember 2018-12-31 0001543151 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001543151 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001543151 us-gaap:NoncontrollingInterestMember 2019-03-31 0001543151 us-gaap:NoncontrollingInterestMember 2018-12-31 0001543151 us-gaap:PreferredStockMember 2019-04-01 2019-06-30 0001543151 2019-01-01 0001543151 us-gaap:PreferredStockMember 2019-06-30 0001543151 us-gaap:CommonStockMember 2019-03-31 0001543151 us-gaap:RetainedEarningsMember 2019-01-01 0001543151 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001543151 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001543151 srt:MaximumMember 2019-01-01 2019-06-30 0001543151 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001543151 us-gaap:IPOMember 2019-05-14 0001543151 us-gaap:IPOMember 2019-05-14 2019-05-14 0001543151 2019-04-30 0001543151 uber:UberTechnologiesInc.Member uber:ATGInvestmentMember 2019-04-30 0001543151 uber:ATGInvestmentMember 2019-04-01 2019-04-30 0001543151 uber:CareemInc.Member 2019-03-26 2019-03-26 0001543151 uber:SoftBankVisionFundToyotaMotorCoporationAndDENSCOCorporationMember uber:ATGInvestmentMember 2019-04-30 0001543151 us-gaap:IPOMember 2019-04-01 2019-06-30 0001543151 us-gaap:OverAllotmentOptionMember 2019-05-14 2019-05-14 0001543151 us-gaap:CommonStockMember us-gaap:IPOMember 2019-05-14 2019-05-14 0001543151 uber:ATGInvestmentMember 2019-04-30 0001543151 uber:HoldersOf2021ConvertibleNotesAnd2022ConvertibleNotesMember us-gaap:IPOMember 2019-05-14 2019-05-14 0001543151 2019-07-01 2019-06-30 0001543151 2020-07-01 2019-06-30 0001543151 uber:CorePlatformMember srt:LatinAmericaMember 2019-01-01 2019-06-30 0001543151 uber:CorePlatformMember srt:AsiaPacificMember 2019-04-01 2019-06-30 0001543151 uber:CorePlatformMember 2019-01-01 2019-06-30 0001543151 uber:CorePlatformMember us-gaap:EMEAMember 2018-04-01 2018-06-30 0001543151 uber:CorePlatformMember us-gaap:EMEAMember 2018-01-01 2018-06-30 0001543151 uber:CorePlatformMember srt:AsiaPacificMember 2018-04-01 2018-06-30 0001543151 uber:CorePlatformMember srt:LatinAmericaMember 2018-04-01 2018-06-30 0001543151 uber:CorePlatformMember srt:LatinAmericaMember 2018-01-01 2018-06-30 0001543151 uber:CorePlatformMember 2018-01-01 2018-06-30 0001543151 uber:CorePlatformMember 2018-04-01 2018-06-30 0001543151 uber:CorePlatformMember 2019-04-01 2019-06-30 0001543151 uber:CorePlatformMember uber:UnitedStatesAndCanadaMember 2018-01-01 2018-06-30 0001543151 uber:CorePlatformMember srt:AsiaPacificMember 2019-01-01 2019-06-30 0001543151 uber:CorePlatformMember uber:UnitedStatesAndCanadaMember 2019-04-01 2019-06-30 0001543151 uber:CorePlatformMember srt:LatinAmericaMember 2019-04-01 2019-06-30 0001543151 uber:CorePlatformMember uber:UnitedStatesAndCanadaMember 2018-04-01 2018-06-30 0001543151 uber:CorePlatformMember srt:AsiaPacificMember 2018-01-01 2018-06-30 0001543151 uber:CorePlatformMember us-gaap:EMEAMember 2019-01-01 2019-06-30 0001543151 uber:CorePlatformMember us-gaap:EMEAMember 2019-04-01 2019-06-30 0001543151 uber:CorePlatformMember uber:UnitedStatesAndCanadaMember 2019-01-01 2019-06-30 0001543151 uber:UberEatsMember 2019-01-01 2019-06-30 0001543151 uber:RidesharingMember 2019-01-01 2019-06-30 0001543151 uber:OtherMember 2019-01-01 2019-06-30 0001543151 uber:VehicleSolutionsMember 2018-01-01 2018-06-30 0001543151 uber:OtherMember 2019-04-01 2019-06-30 0001543151 uber:OtherBetsMember 2018-04-01 2018-06-30 0001543151 uber:RidesharingMember 2019-04-01 2019-06-30 0001543151 uber:OtherMember 2018-04-01 2018-06-30 0001543151 uber:OtherBetsMember 2018-01-01 2018-06-30 0001543151 uber:VehicleSolutionsMember 2018-04-01 2018-06-30 0001543151 uber:UberEatsMember 2018-04-01 2018-06-30 0001543151 uber:RidesharingMember 2018-01-01 2018-06-30 0001543151 uber:VehicleSolutionsMember 2019-04-01 2019-06-30 0001543151 uber:VehicleSolutionsMember 2019-01-01 2019-06-30 0001543151 uber:UberEatsMember 2018-01-01 2018-06-30 0001543151 uber:OtherBetsMember 2019-01-01 2019-06-30 0001543151 uber:RidesharingMember 2018-04-01 2018-06-30 0001543151 uber:UberEatsMember 2019-04-01 2019-06-30 0001543151 uber:OtherMember 2018-01-01 2018-06-30 0001543151 uber:OtherBetsMember 2019-04-01 2019-06-30 0001543151 uber:MeasurementInputRelativeWeightingMember 2019-06-30 0001543151 uber:MeasurementInputTransactionPricePerShareMember 2019-06-30 0001543151 us-gaap:DebtSecuritiesMember 2018-12-31 0001543151 us-gaap:DebtSecuritiesMember 2019-01-01 2019-06-30 0001543151 us-gaap:DebtSecuritiesMember 2019-06-30 0001543151 us-gaap:OtherDebtSecuritiesMember 2019-06-30 0001543151 uber:DidiEquitySecuritiesMember 2018-12-31 0001543151 uber:OtherEquitySecuritiesMember 2018-12-31 0001543151 uber:DidiEquitySecuritiesMember 2019-06-30 0001543151 uber:GrabDebtSecuritiesMember 2019-06-30 0001543151 uber:OtherEquitySecuritiesMember 2019-06-30 0001543151 uber:GrabDebtSecuritiesMember 2018-12-31 0001543151 us-gaap:OtherDebtSecuritiesMember 2018-12-31 0001543151 us-gaap:WarrantMember 2018-12-31 0001543151 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-01-01 2019-06-30 0001543151 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-12-31 0001543151 us-gaap:WarrantMember 2019-01-01 2019-06-30 0001543151 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-06-30 0001543151 us-gaap:WarrantMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-06-30 0001543151 us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2019-06-30 0001543151 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001543151 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2019-06-30 0001543151 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-06-30 0001543151 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001543151 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2018-12-31 0001543151 us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryBillSecuritiesMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001543151 us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MoneyMarketFundsMember 2019-06-30 0001543151 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0001543151 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CorporateDebtSecuritiesMember 2019-06-30 0001543151 uber:WarrantsIssuedTrancheOneMember 2016-02-29 0001543151 uber:MeasurementInputQualifiedInitialPublicOfferingRateMember 2019-06-30 0001543151 2016-02-29 0001543151 uber:WarrantsIssuedTrancheTwoMember 2016-02-29 0001543151 us-gaap:PreferredStockMember us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0001543151 uber:MeasurementInputTransactionPricePerShareMember 2018-12-31 0001543151 uber:MeasurementInputRelativeWeightingMember 2018-12-31 0001543151 2016-02-01 2016-02-29 0001543151 uber:MissionBay3And4Member 2018-12-31 0001543151 uber:MLUB.V.Member 2019-06-30 0001543151 uber:MissionBay3And4Member 2019-06-30 0001543151 uber:MLUB.V.Member 2018-12-31 0001543151 uber:MLUB.V.Member 2018-01-01 2018-03-31 0001543151 uber:MLUB.V.Member 2018-03-31 0001543151 uber:MLUB.V.Member 2019-01-01 2019-06-30 0001543151 uber:LeasedVehiclesMember 2018-12-31 0001543151 us-gaap:FurnitureAndFixturesMember 2019-06-30 0001543151 uber:DocklessEBikesMember 2018-12-31 0001543151 uber:LeasedComputerEquipmentMember 2018-12-31 0001543151 us-gaap:LandMember 2019-06-30 0001543151 us-gaap:BuildingAndBuildingImprovementsMember 2018-12-31 0001543151 us-gaap:BuildingAndBuildingImprovementsMember 2019-06-30 0001543151 us-gaap:FurnitureAndFixturesMember 2018-12-31 0001543151 us-gaap:ConstructionInProgressMember 2018-12-31 0001543151 us-gaap:SoftwareDevelopmentMember 2019-06-30 0001543151 us-gaap:SoftwareDevelopmentMember 2018-12-31 0001543151 uber:LeasedVehiclesMember 2019-06-30 0001543151 us-gaap:ComputerEquipmentMember 2019-06-30 0001543151 us-gaap:ComputerEquipmentMember 2018-12-31 0001543151 uber:DocklessEBikesMember 2019-06-30 0001543151 us-gaap:ConstructionInProgressMember 2019-06-30 0001543151 us-gaap:LandMember 2018-12-31 0001543151 uber:LeasedComputerEquipmentMember 2019-06-30 0001543151 us-gaap:LeaseholdImprovementsMember 2018-12-31 0001543151 us-gaap:LeaseholdImprovementsMember 2019-06-30 0001543151 uber:FinanceObligationMember 2019-06-30 0001543151 uber:LandLeasesMember 2019-06-30 0001543151 uber:FinanceObligationMember 2015-01-01 2015-12-31 0001543151 uber:FinanceObligationMember 2016-11-01 2016-11-30 0001543151 uber:FinanceObligationMember 2019-01-01 2019-06-30 0001543151 uber:FinanceObligationMember 2015-12-31 0001543151 uber:LandLeasesMember us-gaap:LandMember 2019-06-30 0001543151 srt:MaximumMember 2019-06-30 0001543151 srt:MinimumMember 2019-06-30 0001543151 uber:LandLeasesMember 2016-11-30 0001543151 uber:LandLeasesMember 2016-11-01 2016-11-30 0001543151 uber:LandLeasesMember 2019-01-01 2019-06-30 0001543151 uber:FinanceLeaseExcludingFinanceObligationMember 2019-06-30 0001543151 uber:OperatingLeaseExcludingFinanceObligationMember 2019-06-30 0001543151 uber:SeniorNote2026Member us-gaap:SeniorNotesMember 2019-06-30 0001543151 uber:SeniorSecuredTermLoan2016Member us-gaap:SecuredDebtMember 2019-06-30 0001543151 uber:SeniorNote2023Member us-gaap:SeniorNotesMember 2018-12-31 0001543151 uber:SeniorNote2023Member us-gaap:SeniorNotesMember 2019-06-30 0001543151 uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2018-12-31 0001543151 uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2019-06-30 0001543151 uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2018-12-31 0001543151 uber:SeniorNote2026Member us-gaap:SeniorNotesMember 2018-12-31 0001543151 uber:SeniorSecuredTermLoan2018Member us-gaap:SecuredDebtMember 2019-06-30 0001543151 uber:SeniorSecuredTermLoan2016Member us-gaap:SecuredDebtMember 2018-12-31 0001543151 uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2019-06-30 0001543151 uber:SeniorSecuredTermLoan2018Member us-gaap:SecuredDebtMember 2018-12-31 0001543151 uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2015-01-01 2015-12-31 0001543151 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2019-06-30 0001543151 uber:SeniorSecuredTermLoan2016Member us-gaap:SecuredDebtMember 2016-07-31 0001543151 uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2018-01-01 2018-06-30 0001543151 uber:SeniorNote2026Member us-gaap:SeniorNotesMember 2018-10-31 0001543151 uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2015-12-31 0001543151 uber:SeniorSecuredTermLoan2018Member us-gaap:SecuredDebtMember 2018-04-30 0001543151 uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2019-04-01 2019-06-30 0001543151 uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2019-01-01 2019-06-30 0001543151 us-gaap:LetterOfCreditMember us-gaap:LineOfCreditMember 2018-12-31 0001543151 uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2015-01-01 2015-12-31 0001543151 srt:MaximumMember uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2015-01-01 2015-12-31 0001543151 uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2015-12-31 0001543151 uber:SeniorNote2023Member us-gaap:SeniorNotesMember 2018-10-31 0001543151 us-gaap:RevolvingCreditFacilityMember us-gaap:LineOfCreditMember 2019-01-01 2019-06-30 0001543151 uber:SeniorNote2026Member us-gaap:FairValueInputsLevel2Member us-gaap:SeniorNotesMember 2019-06-30 0001543151 srt:MinimumMember uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2015-01-01 2015-12-31 0001543151 uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2018-04-01 2018-06-30 0001543151 uber:SeniorNote2023Member us-gaap:FairValueInputsLevel2Member us-gaap:SeniorNotesMember 2019-06-30 0001543151 us-gaap:LetterOfCreditMember us-gaap:LineOfCreditMember 2019-06-30 0001543151 srt:MinimumMember uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2015-01-01 2015-12-31 0001543151 uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2018-01-01 2018-06-30 0001543151 uber:SeniorSecuredTermLoan2016Member us-gaap:SecuredDebtMember 2016-07-01 2016-07-31 0001543151 uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2019-01-01 2019-06-30 0001543151 uber:SeniorSecuredTermLoan2018Member us-gaap:SecuredDebtMember 2018-04-01 2018-04-30 0001543151 srt:MaximumMember uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2015-01-01 2015-12-31 0001543151 uber:ConvertibleNotes2021Member us-gaap:ConvertibleDebtMember 2018-04-01 2018-06-30 0001543151 us-gaap:SeniorNotesMember 2018-10-31 0001543151 uber:SeniorSecuredTermLoan2016Member us-gaap:SecuredDebtMember 2018-06-13 0001543151 uber:ConvertibleNotes2022Member us-gaap:ConvertibleDebtMember 2019-04-01 2019-06-30 0001543151 uber:SeniorNote2023Member us-gaap:SeniorNotesMember 2018-10-01 2018-10-31 0001543151 uber:SeniorNote2026Member us-gaap:SeniorNotesMember 2018-10-01 2018-10-31 0001543151 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember uber:LionCityRentalsMember 2019-01-25 2019-01-25 0001543151 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember uber:LionCityRentalsMember 2019-01-25 0001543151 us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember uber:LionCityRentalsMember 2018-12-31 0001543151 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-06-30 0001543151 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001543151 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-06-30 0001543151 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-06-30 0001543151 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-30 0001543151 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0001543151 uber:GrabHoldingInc.Member 2018-01-01 2018-06-30 0001543151 uber:UBERRussiaCISOperationsMember 2018-01-01 2018-06-30 0001543151 us-gaap:AccumulatedTranslationAdjustmentMember 2018-06-30 0001543151 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-06-30 0001543151 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-06-30 0001543151 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2017-12-31 0001543151 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001543151 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-06-30 0001543151 us-gaap:ResearchAndDevelopmentExpenseMember 2018-04-01 2018-06-30 0001543151 uber:OperationsAndSupportMember 2018-01-01 2018-06-30 0001543151 uber:OperationsAndSupportMember 2018-04-01 2018-06-30 0001543151 us-gaap:SellingAndMarketingExpenseMember 2018-04-01 2018-06-30 0001543151 uber:OperationsAndSupportMember 2019-04-01 2019-06-30 0001543151 us-gaap:SellingAndMarketingExpenseMember 2019-01-01 2019-06-30 0001543151 us-gaap:ResearchAndDevelopmentExpenseMember 2019-01-01 2019-06-30 0001543151 uber:OperationsAndSupportMember 2019-01-01 2019-06-30 0001543151 us-gaap:GeneralAndAdministrativeExpenseMember 2019-04-01 2019-06-30 0001543151 us-gaap:ResearchAndDevelopmentExpenseMember 2019-04-01 2019-06-30 0001543151 us-gaap:ResearchAndDevelopmentExpenseMember 2018-01-01 2018-06-30 0001543151 us-gaap:SellingAndMarketingExpenseMember 2019-04-01 2019-06-30 0001543151 us-gaap:GeneralAndAdministrativeExpenseMember 2018-04-01 2018-06-30 0001543151 us-gaap:GeneralAndAdministrativeExpenseMember 2018-01-01 2018-06-30 0001543151 us-gaap:SellingAndMarketingExpenseMember 2018-01-01 2018-06-30 0001543151 us-gaap:GeneralAndAdministrativeExpenseMember 2019-01-01 2019-06-30 0001543151 uber:A2013PlanMember 2019-01-01 2019-01-31 0001543151 uber:RestrictedStockAwardsRestrictedStockUnitsAndStockAppreciationRightsMember 2019-01-01 2019-06-30 0001543151 us-gaap:IPOMember 2019-05-16 0001543151 uber:A2019PlanMember 2019-01-01 2019-06-30 0001543151 us-gaap:PrivatePlacementMember 2019-05-16 2019-05-16 0001543151 uber:EmployeeStockPurchasePlan2019Member 2019-03-31 0001543151 uber:RestrictedStockAwardsRestrictedStockUnitsAndStockAppreciationRightsMember 2019-06-30 0001543151 uber:A2019PlanMember 2019-04-30 0001543151 uber:SeriesGRedeemableConvertiblePreferredStockMember 2018-12-31 0001543151 uber:SeriesERedeemableConvertiblePreferredStockMember 2018-12-31 0001543151 uber:EmployeeStockPurchasePlan2019Member 2019-06-30 0001543151 uber:A2013PlanMember 2019-01-31 0001543151 us-gaap:RestrictedStockMember 2019-01-01 2019-06-30 0001543151 us-gaap:RestrictedStockMember 2019-06-30 0001543151 us-gaap:RestrictedStockMember 2018-12-31 0001543151 us-gaap:EmployeeStockOptionMember 2019-06-30 0001543151 us-gaap:StockAppreciationRightsSARSMember 2019-01-01 2019-06-30 0001543151 us-gaap:StockAppreciationRightsSARSMember 2019-06-30 0001543151 us-gaap:EmployeeStockOptionMember 2018-12-31 0001543151 us-gaap:StockAppreciationRightsSARSMember 2018-12-31 0001543151 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-06-30 0001543151 2018-01-01 2018-12-31 0001543151 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-06-30 0001543151 us-gaap:RestrictedStockUnitsRSUMember 2019-06-30 0001543151 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0001543151 us-gaap:SettlementWithTaxingAuthorityMember 2019-06-30 0001543151 uber:ForeignDeferredTaxAssetIntellectualPropertyMember 2019-06-30 0001543151 us-gaap:EmployeeStockOptionMember 2018-04-01 2018-06-30 0001543151 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-06-30 0001543151 us-gaap:RestrictedStockUnitsRSUMember 2019-04-01 2019-06-30 0001543151 us-gaap:RestrictedStockUnitsRSUMember 2018-04-01 2018-06-30 0001543151 us-gaap:EmployeeStockOptionMember 2019-04-01 2019-06-30 0001543151 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-06-30 0001543151 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-06-30 0001543151 us-gaap:PerformanceSharesMember 2018-01-01 2018-06-30 0001543151 uber:WarrantsToPurchaseRedeemableConvertiblePreferredStockMember 2019-01-01 2019-06-30 0001543151 us-gaap:CommonStockSubjectToMandatoryRedemptionMember 2018-01-01 2018-06-30 0001543151 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-06-30 0001543151 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-06-30 0001543151 us-gaap:ConvertibleNotesPayableMember 2018-01-01 2018-06-30 0001543151 uber:RestrictedStockUnitsToSettleFixedMonetaryAwardsMember 2019-01-01 2019-06-30 0001543151 us-gaap:RedeemableConvertiblePreferredStockMember 2018-01-01 2018-06-30 0001543151 us-gaap:PerformanceSharesMember 2019-01-01 2019-06-30 0001543151 us-gaap:CommonStockSubjectToMandatoryRedemptionMember 2019-01-01 2019-06-30 0001543151 us-gaap:RedeemableConvertiblePreferredStockMember 2019-01-01 2019-06-30 0001543151 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-06-30 0001543151 us-gaap:StockAppreciationRightsSARSMember 2018-01-01 2018-06-30 0001543151 uber:WarrantsToPurchaseCommonStockMember 2019-01-01 2019-06-30 0001543151 us-gaap:ConvertibleNotesPayableMember 2019-01-01 2019-06-30 0001543151 us-gaap:StockAppreciationRightsSARSMember 2019-01-01 2019-06-30 0001543151 uber:RestrictedStockUnitsToSettleFixedMonetaryAwardsMember 2018-01-01 2018-06-30 0001543151 uber:WarrantsToPurchaseCommonStockMember 2018-01-01 2018-06-30 0001543151 uber:WarrantsToPurchaseRedeemableConvertiblePreferredStockMember 2018-01-01 2018-06-30 0001543151 us-gaap:MaterialReconcilingItemsMember 2018-04-01 2018-06-30 0001543151 us-gaap:MaterialReconcilingItemsMember 2018-01-01 2018-06-30 0001543151 us-gaap:OperatingSegmentsMember 2019-04-01 2019-06-30 0001543151 us-gaap:OperatingSegmentsMember uber:OtherBetsMember 2019-01-01 2019-06-30 0001543151 us-gaap:MaterialReconcilingItemsMember 2019-01-01 2019-06-30 0001543151 us-gaap:MaterialReconcilingItemsMember 2019-04-01 2019-06-30 0001543151 us-gaap:OperatingSegmentsMember 2018-04-01 2018-06-30 0001543151 us-gaap:OperatingSegmentsMember uber:CorePlatformMember 2019-01-01 2019-06-30 0001543151 us-gaap:OperatingSegmentsMember uber:CorePlatformMember 2018-04-01 2018-06-30 0001543151 us-gaap:OperatingSegmentsMember uber:OtherBetsMember 2018-04-01 2018-06-30 0001543151 us-gaap:OperatingSegmentsMember uber:CorePlatformMember 2018-01-01 2018-06-30 0001543151 us-gaap:OperatingSegmentsMember 2018-01-01 2018-06-30 0001543151 us-gaap:OperatingSegmentsMember uber:OtherBetsMember 2019-04-01 2019-06-30 0001543151 us-gaap:OperatingSegmentsMember uber:OtherBetsMember 2018-01-01 2018-06-30 0001543151 us-gaap:OperatingSegmentsMember uber:CorePlatformMember 2019-04-01 2019-06-30 0001543151 us-gaap:OperatingSegmentsMember 2019-01-01 2019-06-30 0001543151 country:BR 2018-01-01 2018-06-30 0001543151 country:BR 2019-04-01 2019-06-30 0001543151 uber:AllOtherCountriesMember 2018-04-01 2018-06-30 0001543151 country:US 2018-01-01 2018-06-30 0001543151 country:US 2019-01-01 2019-06-30 0001543151 uber:AllOtherCountriesMember 2019-04-01 2019-06-30 0001543151 country:US 2018-04-01 2018-06-30 0001543151 country:US 2019-04-01 2019-06-30 0001543151 uber:AllOtherCountriesMember 2019-01-01 2019-06-30 0001543151 uber:AllOtherCountriesMember 2018-01-01 2018-06-30 0001543151 country:BR 2019-01-01 2019-06-30 0001543151 country:BR 2018-04-01 2018-06-30 0001543151 us-gaap:HerMajestysRevenueAndCustomsHMRCMember 2019-01-01 2019-06-30 0001543151 uber:Googlev.LevandowskiMember 2019-06-30 0001543151 2017-01-06 0001543151 uber:IndependantContractorMisclassificationClaimsMember srt:MaximumMember us-gaap:SettledLitigationMember 2019-05-31 0001543151 uber:JointAndSeveralLiabilityMember 2019-03-26 2019-03-26 0001543151 uber:Googlev.LevandowskiMember 2019-03-26 2019-03-26 0001543151 uber:OConneretal.v.UberTechnologiesInc.andYucesoyv.UberTechnologiesInc.etal.Member us-gaap:SettledLitigationMember 2019-03-11 2019-03-11 0001543151 uber:IndependantContractorMisclassificationClaimsMember srt:MinimumMember us-gaap:SettledLitigationMember 2019-05-31 0001543151 2017-01-05 0001543151 uber:CopenhagenCriminalProsecutionMember 2017-05-01 2017-05-31 0001543151 uber:OConneretal.v.UberTechnologiesInc.andYucesoyv.UberTechnologiesInc.etal.Member 2018-09-25 2018-09-25 0001543151 uber:MaldenTransportionv.UberTechnologiesInc.Member 2019-05-15 2019-05-15 0001543151 uber:MaldenTransportionv.UberTechnologiesInc.Member 2016-01-01 2016-12-31 0001543151 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2019-06-30 0001543151 uber:EventCenterOfficePartnersLLCMember 2019-01-01 2019-06-30 0001543151 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-06-30 0001543151 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0001543151 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2018-03-01 2018-03-31 0001543151 uber:LLCPartnerTwoMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2018-03-01 2018-03-31 0001543151 uber:LLCPartnerOneMember us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2018-03-01 2018-03-31 0001543151 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryMember 2018-03-31 0001543151 uber:JUMPEBikeAndEScootersMember 2018-12-31 0001543151 uber:UBERFreightMember 2019-06-30 0001543151 uber:UBERFreightMember 2018-12-31 iso4217:USD xbrli:shares xbrli:shares xbrli:pure uber:renewal_option uber:segment iso4217:USD uber:lawsuit uber:building iso4217:TWD uber:warrant uber:indictment utreg:sqft uber:lease uber:plaintiff uber:subsidiary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________ 
FORM 10-Q
____________________________________________ 
(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2019
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from_____ to _____            
Commission File Number: 001-38902
____________________________________________ 
UBER TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)
____________________________________________ 
Delaware
45-2647441
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
1455 Market Street, 4th Floor
San Francisco, California 94103
(Address of principal executive offices, including zip code)
(415612-8582
(Registrant’s telephone number, including area code)
 ____________________________________________
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.00001 per share
 
UBER
 
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes   No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes       No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
 
Accelerated filer
Non-accelerated filer
 
 
Smaller reporting company
 
 
 
 
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No 
The number of shares of the registrant's common stock outstanding as of July 30, 2019 was 1,700,003,601.



UBER TECHNOLOGIES, INC.
TABLE OF CONTENTS

 
 
Pages
 
 
 
 
 
Item 1.
 
 
 
 
 
 
Item 2.
Item 3.
Item 4.
 
 
 
 
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.
 

1


SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations or financial condition, business strategy and plans, and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements concerning the following:
our ability to successfully compete in highly competitive markets;
our ability to effectively manage our growth and maintain and improve our corporate culture;
our expectations regarding financial performance, including but not limited to revenue, Core Platform Adjusted Net Revenue, potential profitability, ability to generate positive Core Platform Contribution Margin and Adjusted EBITDA, expenses, and other results of operations;
our expectations regarding future operating performance, including but not limited to our expectations regarding future MAPCs, Trips, Gross Bookings, and Take Rate;
our expectations regarding our competitors’ use of incentives and promotions, our competitors’ ability to raise capital, and the effects of such incentives and promotions on our growth and results of operations;
our anticipated investments in new products and offerings, and the effect of these investments on our results of operations;
our anticipated capital expenditures and our estimates regarding our capital requirements;
our ability to close the acquisition of Careem and to integrate Careem and any future acquisitions into our operations;
anticipated technology trends and developments and our ability to address those trends and developments with our products and offerings;
the size of our addressable markets, market share, category positions, and market trends, including our ability to grow our business in the six countries we have identified as near-term priorities;
the safety, affordability, and convenience of our platform and our offerings;
our ability to identify, recruit, and retain skilled personnel, including key members of senior management;
our expected growth in the number of platform users, and our ability to promote our brand and attract and retain platform users;
our ability to maintain, protect, and enhance our intellectual property rights;
our ability to introduce new products and offerings and enhance existing products and offerings;
our ability to successfully enter into new geographies, expand our presence in countries in which we are limited by regulatory restrictions, and manage our international expansion;
the availability of capital to grow our business;
our ability to meet the requirements of our existing debt;
our ability to prevent disturbance to our information technology systems;
our ability to successfully defend litigation brought against us;
our ability to comply with existing, modified, or new laws and regulations applying to our business; and
our ability to implement, maintain, and improve our internal control over financial reporting.
Actual events or results may differ from those expressed in forward-looking statements. As such, you should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this Quarterly Report on Form 10-Q primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, operating results, prospects, strategy, and financial needs. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, assumptions, and other factors described in the section titled “Risk Factors” and elsewhere in this Quarterly Report on Form 10-Q. Moreover, we operate in a highly competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this Quarterly Report on Form 10-Q. The results, events and circumstances reflected in the forward-looking statements may not be achieved or occur, and actual results, events or circumstances could differ materially from those described in the forward-looking statements.

2


In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this Quarterly Report on Form 10-Q. While we believe that such information provides a reasonable basis for these statements, such information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely on these statements.
The forward-looking statements made in this Quarterly Report on Form 10-Q relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements made in this Quarterly Report on Form 10-Q to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q or to reflect new information, actual results, revised expectations, or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.

3


PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except share amounts which are reflected in thousands, and per share amounts)
(Unaudited)


As of December 31, 2018

As of June 30, 2019
Assets




Cash and cash equivalents

$
6,406


$
11,744

Restricted cash and cash equivalents

67


137

Accounts receivable, net of allowance of $34 and $39, respectively

919


1,290

Prepaid expenses and other current assets

860


1,129

Assets held for sale

406



Total current assets

8,658


14,300

Restricted cash and cash equivalents

1,736


1,809

Investments

10,355


10,415

Equity method investments

1,312


1,370

Property and equipment, net

1,641


1,447

Operating lease right-of-use assets



1,337

Intangible assets, net

82


78

Goodwill

153


167

Other assets

51


57

Total assets

$
23,988


$
30,980

Liabilities, mezzanine equity and stockholders’ equity (deficit)




Accounts payable

$
150


$
167

Short-term insurance reserves

941


977

Operating lease liabilities, current



180

Accrued and other current liabilities

3,157


4,246

Liabilities held for sale

11



Total current liabilities

4,259


5,570

Long-term insurance reserves

1,996


2,217

Long-term debt, net of current portion

6,869


4,526

Operating lease liabilities, non-current



1,274

Other long-term liabilities

4,072


1,485

Total liabilities

17,196


15,072

Commitments and contingencies (Note 14)






Mezzanine equity






Redeemable non-controlling interest



(14
)
Redeemable convertible preferred stock, $0.00001 par value, 946,246 and zero shares authorized, 903,607 and zero shares issued and outstanding, respectively; aggregate liquidation preference of $14 and $0, respectively

14,177



Stockholders’ equity (deficit)






Common stock, $0.00001 par value, 2,696,114 and 5,000,000 shares authorized, 457,189 and 1,697,614 shares issued and outstanding, respectively




Additional paid-in capital

668


30,193

Accumulated other comprehensive loss

(188
)

(167
)
Accumulated deficit

(7,865
)

(14,104
)
Total stockholders’ equity (deficit)

(7,385
)

15,922

Total liabilities, mezzanine equity, and stockholders’ equity (deficit)

$
23,988


$
30,980

The accompanying notes are an integral part of these condensed consolidated financial statements.

4


UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share amounts which are reflected in thousands, and per share amounts)
(Unaudited)
 

Three Months Ended June 30,
 
Six Months Ended June 30,
 

2018

2019
 
2018
 
2019
Revenue

$
2,768


$
3,166

 
$
5,352

 
$
6,265

Costs and expenses

 
 
 
 
 
 
 
Cost of revenue, exclusive of depreciation and amortization shown separately below

1,342


1,740

 
2,498

 
3,421

Operations and support

349


864

 
721

 
1,298

Sales and marketing

715


1,222

 
1,392

 
2,262

Research and development

365


3,064

 
705

 
3,473

General and administrative

638


1,638

 
1,067

 
2,061

Depreciation and amortization

98


123

 
186

 
269

Total costs and expenses

3,507


8,651

 
6,569

 
12,784

Loss from operations

(739
)

(5,485
)
 
(1,217
)
 
(6,519
)
Interest expense

(160
)

(151
)
 
(292
)
 
(368
)
Other income (expense), net

63


398

 
5,000

 
658

Income (loss) before income taxes and loss from equity method investment

(836
)

(5,238
)
 
3,491

 
(6,229
)
Provision for (benefit from) income taxes

28


(2
)
 
604

 
17

Loss from equity method investment, net of tax

(14
)

(10
)
 
(17
)
 
(16
)
Net income (loss) including redeemable non-controlling interest

(878
)

(5,246
)
 
2,870

 
(6,262
)
Less: net loss attributable to redeemable non-controlling interest, net of tax



(10
)
 

 
(14
)
Net income (loss) attributable to Uber Technologies, Inc.

$
(878
)

$
(5,236
)
 
$
2,870

 
$
(6,248
)
Net income (loss) per share attributable to Uber Technologies, Inc. common stockholders:

 
 
 
 
 
 
 
Basic

$
(1.99
)

$
(4.72
)
 
$
1.33

 
$
(7.97
)
Diluted

$
(2.01
)

$
(4.72
)
 
$
1.20

 
$
(7.98
)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:

 
 
 
 
 
 
 
Basic

440,958


1,110,704

 
439,022

 
783,900

Diluted

441,408


1,110,704

 
476,394

 
783,982

The accompanying notes are an integral part of these condensed consolidated financial statements.

5


UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In millions)
(Unaudited)
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018

2019
 
2018
 
2019
Net income (loss) including redeemable non-controlling interest
 
$
(878
)
 
$
(5,246
)
 
$
2,870

 
$
(6,262
)
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
Change in foreign currency translation adjustment
 
(58
)
 
71

 
(65
)
 
17

Change in unrealized gain (loss) on investments in available-for-sale securities
 
39

 
8

 
39

 
4

Other comprehensive income (loss), net of tax
 
(19
)
 
79

 
(26
)
 
21

Comprehensive income (loss) including redeemable non-controlling interest
 
(897
)
 
(5,167
)
 
2,844

 
(6,241
)
Less: Comprehensive loss attributable to redeemable non-controlling interest
 

 
(10
)
 

 
(14
)
Comprehensive income (loss) attributable to Uber Technologies, Inc.
 
$
(897
)
 
$
(5,157
)
 
$
2,844

 
$
(6,227
)
The accompanying notes are an integral part of these condensed consolidated financial statements.

6


UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY (DEFICIT)
(In millions, except share amounts which are reflected in thousands)
(Unaudited)
 
 
Redeemable Non-Controlling Interest
 
Redeemable Convertible Preferred Stock
 
 
Common Stock
 
Additional Paid-In Capital
 
Accumulated Other Comprehensive Loss
 
Accumulated Deficit
 
Total Stockholders' Deficit
 
 
 
Shares
 
Amount
 
 
Shares
 
Amount
 
 
Balance as of December 31, 2017
 
$

 
863,305

 
$
12,210

 
 
443,394

 
$

 
$
320

 
$
(3
)
 
$
(8,874
)
 
$
(8,557
)
Issuance of Series G redeemable convertible preferred stock, net of issuance costs
 

 
30,755

 
1,500

 
 

 

 

 

 

 

Exercise of common stock warrants
 

 

 

 
 
31

 

 
1

 

 

 
1

Repurchase of outstanding shares
 

 

 

 
 
(1,707
)
 

 

 

 
5

 
5

Issuance of common stock from stock option exercise and restricted stock awards
 

 

 

 
 
7,689

 

 
15

 

 

 
15

Repurchase of unvested early-exercised stock options
 

 

 

 
 
(1
)
 

 

 

 

 

Reclassification of early-exercised stock options from liability, net
 

 

 

 
 

 

 
1

 

 

 
1

Stock-based compensation
 

 

 

 
 

 

 
17

 

 

 
17

Issuance and repayment of employee loans collateralized by outstanding common stock
 

 

 

 
 

 

 

 

 
(1
)
 
(1
)
Issuance of common stock as consideration for investment and acquisition
 

 

 

 
 
1,528

 

 
52

 

 

 
52

Foreign currency translation adjustment
 


 

 

 
 

 

 

 
(7
)
 

 
(7
)
Net income
 

 

 

 
 

 

 

 

 
3,748

 
3,748

Balance as of March 31, 2018
 

 
894,060

 
13,710

 
 
450,934

 

 
406

 
(10
)
 
(5,122
)
 
(4,726
)
Repurchase of Series G redeemable convertible preferred stock from Didi
 

 
(754
)
 
(37
)
 
 

 

 
4

 

 

 
4

Repurchase of outstanding shares
 

 
(5
)
 

 
 
(287
)
 

 

 

 
7

 
7

Exercise of stock options
 

 

 

 
 
129

 

 

 

 

 

Repurchase of unvested early-exercised stock options
 

 

 

 
 
(129
)
 

 

 

 

 

Reclassification of early-exercised stock options from liability, net
 

 

 

 
 

 

 
1

 

 

 
1

Stock-based compensation
 

 

 

 
 

 

 
11

 

 

 
11

Issuance and repayment of employee loans collateralized by outstanding common stock
 

 

 

 
 

 

 
(1
)
 

 

 
(1
)
Issuance of common stock as consideration for investment and acquisition
 

 

 

 
 
2,605

 

 
93

 

 

 
93

Unrealized gain on available-for-sale securities, net of tax
 

 

 

 
 

 

 

 
39

 

 
39

Foreign currency translation adjustment
 

 

 

 
 

 

 

 
(58
)
 

 
(58
)
Net loss
 

 

 

 
 

 

 

 

 
(878
)
 
(878
)
Balance as of June 30, 2018
 
$

 
893,301

 
$
13,673

 
 
453,252

 
$

 
$
514

 
$
(29
)
 
$
(5,993
)
 
$
(5,508
)
The accompanying notes are an integral part of these condensed consolidated financial statements.

7


UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY (DEFICIT)
(In millions, except share amounts which are reflected in thousands)
(Unaudited)
 
 
Redeemable Non-Controlling Interest
 
Redeemable Convertible Preferred Stock
 
 
Common Stock
 
Additional Paid-In Capital
 
Accumulated Other Comprehensive Loss
 
Accumulated Deficit
 
Total Stockholders' Equity (Deficit)
 
 
 
Shares
 
Amount
 
 
Shares
 
Amount
 
 
 
 
Balance as of December 31, 2018
 
$

 
903,607

 
$
14,177

 
 
457,189

 
$

 
$
668

 
$
(188
)
 
$
(7,865
)
 
$
(7,385
)
Cumulative effect of adoption of new accounting standard
 

 

 

 
 

 

 

 

 
9

 
9

Exercise of warrants
 

 
923

 
45

 
 

 

 

 

 

 

Lapsing of repurchase option related to Series E redeemable convertible preferred stock issued to a non-employee service provider
 

 

 
2

 
 

 

 

 

 

 

Repurchase of outstanding shares
 

 

 

 
 
(1
)
 

 

 

 

 

Exercise of stock options
 

 

 

 
 
677

 

 
4

 

 

 
4

Repurchase of unvested early-exercised stock options
 

 

 

 
 
(32
)
 

 

 

 

 

Stock-based compensation
 

 

 

 
 

 

 
10

 

 

 
10

Unrealized loss on available-for-sale securities, net of tax
 

 

 

 
 

 

 

 
(4
)
 

 
(4
)
Foreign currency translation adjustment
 

 

 

 
 

 

 

 
(54
)
 

 
(54
)
Net loss
 
(4
)
 

 

 
 

 

 

 

 
(1,012
)
 
(1,012
)
Balance as of March 31, 2019
 
(4
)
 
904,530

 
14,224

 
 
457,833

 

 
682

 
(246
)
 
(8,868
)
 
(8,432
)
Lapsing of repurchase option related to Series E redeemable convertible preferred stock issued to a non-employee service provider
 

 

 

 
 

 

 
3

 

 

 
3

Conversion of warrant to common stock in connection with initial public offering
 

 

 

 
 
150

 

 
6

 

 

 
6

Conversion of convertible notes to common stock in connection with initial public offering
 

 

 

 
 
93,978

 

 
4,229

 

 

 
4,229

Exercise of stock options
 

 

 

 
 
501

 

 
1

 

 

 
1

Stock-based compensation
 

 

 

 
 

 

 
3,943

 

 

 
3,943

Unrealized gain on available-for-sale securities, net of tax
 

 

 

 
 

 

 

 
8

 

 
8

Foreign currency translation adjustment
 

 

 

 
 

 

 

 
71

 

 
71

Issuance of common stock in connection with initial public offering, net of offering costs
 

 

 

 
 
180,000

 

 
7,973

 

 

 
7,973

Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering
 

 
(904,530
)
 
(14,224
)
 
 
904,530

 

 
14,224

 

 

 
14,224

Issuance of common stock related to private placement
 

 

 

 
 
11,111

 

 
500

 

 

 
500

Issuance of common stock for settlement of RSUs
 

 

 

 
 
80,015

 

 

 

 

 


8


Shares withheld related to net share settlement
 

 

 

 
 
(30,504
)
 

 
(1,368
)
 

 

 
(1,368
)
Net loss
 
(10
)
 

 

 
 

 

 

 

 
(5,236
)
 
(5,236
)
Balance as of June 30, 2019
 
$
(14
)
 

 
$

 
 
1,697,614

 
$

 
$
30,193

 
$
(167
)
 
$
(14,104
)
 
$
15,922

The accompanying notes are an integral part of these condensed consolidated financial statements.

9


UBER TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)


Six Months Ended June 30,


2018

2019
Cash flows from operating activities






Net income (loss) including redeemable non-controlling interest

$
2,870


$
(6,262
)
Adjustments to reconcile net income (loss) to net cash used in operating activities:






Depreciation and amortization

186


269

Bad debt expense

22


67

Stock-based compensation

81


3,952

Gain on extinguishment of convertible notes and settlement of derivative
 

 
(444
)
Gain on business divestitures

(3,201
)


Deferred income tax

470


(31
)
Revaluation of derivative liabilities

402


(58
)
Accretion of discount on long-term debt

149


78

Payment-in-kind interest

35


10

Loss on disposal of property and equipment

37


13

Impairment on long-lived assets held for sale

79



Loss from equity method investment

17


16

Gain on debt and equity securities, net

(1,984
)

(14
)
Non-cash deferred revenue



(26
)
Gain on forfeiture of unvested warrants and related share repurchases

(152
)


Unrealized foreign currency transactions

48


(5
)
Other

6


(1
)
Change in operating assets and liabilities, net of impact of business acquisitions and disposals:






Accounts receivable

(21
)

(436
)
Prepaid expenses and other assets

(312
)

(178
)
Accounts payable

(52
)

9

Accrued insurance reserve

516


257

Accrued expenses and other liabilities

354


1,140

Net cash used in operating activities

(450
)

(1,644
)
Cash flows from investing activities






Proceeds from insurance reimbursement, sale and disposal of property and equipment

230


41

Purchase of property and equipment

(209
)

(277
)
Purchase of equity method investments

(423
)


Proceeds from business disposal, net of cash divested



293

Acquisition of businesses, net of cash acquired
 
(64
)
 
(7
)
Net cash provided by (used in) investing activities

(466
)

50

Cash flows from financing activities






Proceeds from issuance of common stock upon initial public offering, net of offering costs
 

 
7,977

Taxes paid related to net share settlement of equity awards
 

 
(1,368
)
Proceeds from issuance of common stock related to private placement