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UBER is finished

Aneed Momoney

Active Member

Nine Months Ended September 30,
2018 2019
Cash flows from operating activities
Net income (loss) including non-controlling interests $1,876 $(7,421)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization 317 371
Bad debt expense 35 79
Stock-based compensation 145 4,353
Gain on extinguishment of convertible notes and settlement of derivatives (444)
Gain on business divestitures (3,208)
Deferred income tax 420 (55)
Revaluation of derivative liabilities 491 (58)
Accretion of discount on long-term debt 231 80
Payment-in-kind interest 53 10
Loss on disposal of property and equipment 63 14
Impairment on long-lived assets held for sale 122
Loss from equity method investment 32 25
Gain on debt and equity securities, net (1,984) (1)
Non-cash deferred revenue (39)
Gain on forfeiture of unvested warrants and related share repurchases (152)
Unrealized foreign currency transactions 54 (16)
Other 7 18
Change in operating assets and liabilities, net of impact of business acquisitions and disposals:
Accounts receivable (359) (342)
Prepaid expenses and other assets (421) (467)
Operating lease right-of-use assets 135
Accounts payable (66) (23)
Accrued insurance reserve 763 356
Accrued expenses and other liabilities 721 997
Operating lease liabilities (94)
Net cash used in operating activities (860) (2,522)
Cash flows from investing activities
Proceeds from insurance reimbursement, sale and disposal of property and equipment 329 41
Purchase of property and equipment (362) (406)
Purchase of equity method investments (412)
Investments in debt securities (30)
Proceeds from business disposal, net of cash divested 293
Acquisition of businesses, net of cash acquired (64) (7)
Net cash used in investing activities (539) (79)
Cash flows from financing activities
Proceeds from issuance of common stock upon initial public offering, net of offering costs 7,973
Taxes paid related to net share settlement of equity awards (1,514)
Proceeds from issuance of common stock related to private placement 500
Proceeds from issuance of subsidiary preferred stock units 1,000
Proceeds from exercise of stock options, net of repurchases 26 5
Repurchase of outstanding shares (10)
Issuance of term loan and senior notes, net of issuance costs 1,478 1,189
Principal repayment on term loan (12) (20)
Principal repayment on revolving lines of credit (491)
Principal payments on capital and finance leases (59) (120)
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 1,250
Dissolution of joint venture and subsequent proceeds 38
Other (57) 9
Net cash provided by financing activities 2,163 9,022
Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents (133) (23)
Net increase in cash and cash equivalents, and restricted cash and cash equivalents 631 6,398
Cash and cash equivalents, and restricted cash and cash equivalents
Beginning of period 5,828 8,209
Reclassification from assets held for sale during the period 54 34
End of period, excluding cash classified within assets held for sale $6,513 $14,641
Reconciliation of cash and cash equivalents, and restricted cash and cash equivalents to the condensed consolidated balance sheets
Cash and cash equivalents $4,756 $12,650
Restricted cash and cash equivalents-current 214 33
Restricted cash and cash equivalents-non-current 1,543 1,958
Total cash and cash equivalents, and restricted cash and cash equivalents $6,513 $14,641
Supplemental disclosures of cash flow information
Cash paid for:
Interest, net of amount capitalized $83 $213
Income taxes, net of refunds 213 105
Non-cash investing and financing activities:
Conversion of redeemable convertible preferred stock to common stock upon initial public offering 14,224
Conversion of convertible notes to common stock upon initial public offering 4,229
Changes in purchases of property, equipment and software recorded in accounts payable and accrued liabilities (9) 13
Financed construction projects 135
Capital and finance lease obligations 132 196
Settlement of litigation through issuance of redeemable convertible preferred stock 250
Common stock issued in connection with acquisitions 93
Ownership interest in MLU B.V. received in connection with the disposition of Uber Russia/CIS operations 1,410
Grab debt security received in exchange for the sale of Southeast Asia operations 2,275
Other Income (Expense), Net
The following table presents other income (expense), net (in millions):
Three Months Ended September 30, Nine Months Ended September 30,
2018 2019 2018 2019
(Unaudited)
Interest income $27 $76 $69 $184
Foreign currency exchange gains (losses), net (18) 8 (42)
Gain on business divestitures (1) 7 3,208
Gain (loss) on debt and equity securities, net (2) (13) 1,984 1
Change in fair value of embedded derivatives (89) (491) 58
Gain on extinguishment of convertible notes and settlement of derivatives 444
Other 19 (22) 218 20
Other income (expense), net $(54) $49 $4,946 $707
 

Cold Fusion

Well-Known Member
  • Uber reported Q3 2019 earnings that beat analyst estimates on the top and bottom lines.
  • ?Uber needs to reduce driver earning by Taking a higher percent of Fares and charge Drivers a monthly App Access fee✔

  • The company also reported a quarterly loss topping $1 billion.
  • CEO Dara Khosrowshahi said in an interview with CNBC’s Deirdre Bosa that the company is targeted adjusted EBITDA profitability in 2021.

https://www.cnbc.com/2019/11/04/uber-uber-q3-2019-earnings.html
 
Last edited:

Aneed Momoney

Active Member
  • Thread Starter Thread Starter
  • #4
Increased revenue but bigger losses( like I showed) means it's insolvent.
 

L DaVinci

Well-Known Member

njn

Well-Known Member
it's only down 5% after hours, it should be worse based on the earnings report.

might be a buy on november 7.
 

nouberipo

Well-Known Member
it's only down 5% after hours, it should be worse based on the earnings report.

might be a buy on november 7.
Wednesday is the big day.......lock up is over and while many insiders will be able to cash in, as they are the ones who built and maintained this corrupt company I am unsure of their decision-making skills hence they may not all sell like they should as their arrogance and being part of such a corrupt organization means they have some screws loose. May they all lose as much money as possible as it will be karma from the drivers.
 

Hpil77

Member
it's only down 5% after hours, it should be worse based on the earnings report.

might be a buy on november 7.
Wait to January California this is big thing coming don’t worry about uber now the loosing money anyway 2021 maybe profit big joke Dara you don’t know what you talking keep you drivers /bonuses etc we don’t have nothing
 
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