In May, 2019, Uber Technologies, Inc., went public. Selected information from its 2020 statement of cash flows

Question:

In May, 2019, Uber Technologies, Inc., went public. Selected information from its 2020 statement of cash flows is provided below (dollars in billions).

INSTRUCTIONS:
a. What has happened to Uber's cash balance over the three-year period?

b. Where is the evidence that Uber has continued to grow?

c. How has Uber financed that growth?

d. Do you think that Uber is paying dividends? Why or why not?

e. In late March 2020, Uber's stock shares were priced at $21.30. By the end of May 2020, the per share price had risen to $36.32. Why might this be?

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Financial Accounting

ISBN: 978-1119745327

11th Edition

Authors: Jamie Pratt, Michael F Peters

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Question Posted: May 17, 2022 01:33 AM

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In May, 2019, Uber Technologies, Inc., went public. Selected information from its 2020 statement of cash flows

Question:

2020 2019 2018 Net income $ (4.03) $ 0.98 $ (8.51) Net cash used in operating activities (1.41) (1.54) (4.32) Net cash used in investing activities (0.49) (0.69) (0.79) Net cash provided by financing activities 1.02 4.64 8.94 Year end cash balance 5.83 8.21 12.07

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Financial Accounting

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