Company name:
Uber Technologies Inc
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IPO SHARE PRICE:$45.00
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IPO DATE:10 May 2019
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TICKER:UBER
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MAIN STOCK EXCHANGE:NYSE
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CURRENT HQ LOCATION:1515 3rd Street San Francisco California 94158
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Uber Technologies Inc
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Balance Sheet
(USD in thousand)
17.0%
3.5%
3.2%
3.7%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
29.7%
17.0% —
Cash and cash equivalents
3.7% —
Prepaid expenses and other current assets
3.5% —
Short-term passive investments
3.2% —
Accounts Receivable
1.6% —
Assets held for sale
0.8% —
Restricted cash and cash equivalents
Liquidity
|
|
|
|
|
|---|---|---|---|
|
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
|
$6,406,000 | $10,873,000 | $5,647,000 |
| Short-term passive investments | - | 440,000 | 1,180,000 |
| Restricted cash and cash equivalents | 67,000 | 99,000 | 250,000 |
| Accounts Receivable | 919,000 | 1,214,000 | 1,073,000 |
| Assets held for sale | 406,000 | - | 517,000 |
| Prepaid expenses and other current assets | 860,000 | 1,299,000 | 1,215,000 |
| Total current assets | $8,658,000 | $13,925,000 | $9,882,000 |
4.5%
27.2%
5.5%
3.8%
3.2%
4.7%
18.4%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
70.3%
27.2% —
Long-term passive investments
18.4% —
Goodwill
5.5% —
Property and equipment net
4.7% —
Intangible assets
4.5% —
Long-term restricted cash
3.8% —
Operating lease - right-of-use assets
3.2% —
Equity method investments
2.6% —
Collateral held by insurer
0.4% —
Other assets non-current
|
|
|
|
|
|---|---|---|---|
| Long-term restricted cash | 1,736,000 | 1,095,000 | 1,494,000 |
| Long-term passive investments | 10,355,000 | 10,527,000 | 9,052,000 |
| Collateral held by insurer | - | 1,199,000 | 860,000 |
| Property and equipment net | 1,641,000 | 1,731,000 | 1,814,000 |
| Operating lease - right-of-use assets | - | 1,594,000 | 1,274,000 |
| Equity method investments | 1,312,000 | 1,364,000 | 1,079,000 |
|
Intangible assets
|
82,000 | 71,000 | 1,564,000 |
|
Goodwill
|
153,000 | 167,000 | 6,109,000 |
| Other assets non-current | - | 88,000 | 124,000 |
| Other non-current assets | 51,000 | - | - |
| Total non-current assets | 15,330,000 | 17,836,000 | 23,370,000 |
| Total assets | $23,988,000 | $31,761,000 | $33,252,000 |
15.4%
3.7%
6.7%
3.9%
22.7%
4.6%
108.1%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
20.6%
15.4% —
Accrued expenses and other current liabilities
3.7% —
Short-term insurance reserves
0.7% —
Accounts payable
0.5% —
Current portion of Operating leases
0.3% —
Liabilities associated with assets held for sale
|
|
|
|
|
|---|---|---|---|
| Accounts payable | $150,000 | $272,000 | $235,000 |
| Short-term insurance reserves | 941,000 | 1,121,000 | 1,243,000 |
| Accrued expenses and other current liabilities | 3,157,000 | 4,050,000 | 5,112,000 |
| Current portion of Operating leases | - | 196,000 | 175,000 |
| Liabilities associated with assets held for sale | 11,000 | - | 100,000 |
| Total current liabilities | $4,259,000 | $5,639,000 | $6,865,000 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
38.0%
22.7% —
Long-term debt
6.7% —
Long-term insurance reserves
4.6% —
Operating leases
3.9% —
Other non-current liabilities
|
|
|
|
|
|---|---|---|---|
| Long-term insurance reserves | 1,996,000 | 2,297,000 | 2,223,000 |
|
Long-term debt
|
6,869,000 | 5,707,000 | 7,560,000 |
|
Operating leases
|
- | 1,523,000 | 1,544,000 |
| Other non-current liabilities | 4,072,000 | 1,412,000 | 1,306,000 |
| Total long-term liabilities | $12,937,000 | $10,939,000 | $12,633,000 |
| Total Liabilities | $17,196,000 | $16,578,000 | $19,498,000 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
39.0%
108.1% —
Additional paid-in capital
2.4% —
Redeemable non-controlling interest
2.1% —
Non-controlling interest
|
|
|
|
|
|---|---|---|---|
|
Redeemable non-controlling interest
|
- | $311,000 | $787,000 |
| Non-controlling interest | - | 682,000 | 701,000 |
|
Redeemable convertible preferred stock
|
14,177,000 | - | - |
|
Accumulated deficit
|
(7,865,000) | (16,362,000) | (23,130,000) |
|
Additional paid-in capital
|
668,000 | 30,739,000 | 35,931,000 |
| Accumulated other comprehensive loss | (188,000) | (187,000) | (535,000) |
| Total Equity attributable to Company | (7,385,000) | 14,190,000 | 12,266,000 |
| Total Equity | ($7,385,000) | $14,872,000 | $12,967,000 |
| Total Liabilities and Equity | $23,988,000 | $31,761,000 | $33,252,000 |