Ratio analysis compares line-item data from a company's financial statements to reveal insights regarding profitability, liquidity, operational efficiency, and solvency.

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UBER TECHNOLOGIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Year Ended December 31, 2020 2021 2022 Cash flows from operating activities Net loss including non-controlling interests (6,788) $ (570) $ (9,138) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 575 902 947 Bad debt expense 76 109 114 Stock-based compensation 827 1,168 1,793 Gain from sale of investments (413) Gain on business divestitures, net (204) (1,684) (14) Deferred income taxes (266) (692) (441) Impairment of debt and equity securities 1,690 Impairments of goodwill, long-lived assets and other assets 404 116 28 Impairment of equity method investment - - 182 Loss (income) from equity method investments, net 34 37 Unrealized (gain) loss on debt and equity securities, net 125 (1,142) (107) 7,045 Revaluation of MLU B.V. call option (191) Unrealized foreign currency transactions 48 38 96 Other 2 4 (7) Change in assets and liabilities, net of impact of business acquisitions and disposals: Accounts receivable 142 (597) (542) Prepaid expenses and other assets 94 (236) (196) Collateral held by insurer 339 860 Operating lease right-of-use assets 341 165 193 Accounts payable (133) 90 (133) Accrued insurance reserves (3) 516 736 Accrued expenses and other liabilities 83 1,068 492 Operating lease liabilities (131) (184) (215) Net cash provided by (used in) operating activities (2,745) (445) 642 Cash flows from investing activities Purchases of property and equipment (616) (298) (252) Purchases of non-marketable equity securities (10) (982) (14) Purchases of marketable securities (2,101) (1,113) (1,708) Proceeds from sale of non-marketable equity securities 500 Proceeds from maturities and sales of marketable securities 1,360 2,291 376 Proceeds from sale of equity method investments and grant of related call option 1,000 Proceeds from business divestiture, net of cash divested 26 Acquisition of businesses, net of cash acquired (1,471) (2,314) (59) Return of capital from equity method investee Purchase of notes receivables Other investing activities 91 (185) (297) 63 12 Net cash used in investing activities (2,869) (1,201) (6) (1,637) Cash flows from financing activities Proceeds from issuance and sale of subsidiary stock units 247 675 255 Proceeds from the issuance of common stock under the Employee Stock Purchase Plan Issuance of term loan and notes, net of issuance costs 125 107 2,628 1,484 92 UBER TECHNOLOGIES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Year Ended December 31, 2020 2021 2022 Cash flows from operating activities Net loss including non-controlling interests (6,788) $ (570) $ (9,138) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 575 902 947 Bad debt expense 76 109 114 Stock-based compensation 827 1,168 1,793 Gain from sale of investments (413) Gain on business divestitures, net (204) (1,684) (14) Deferred income taxes (266) (692) (441) Impairment of debt and equity securities 1,690 Impairments of goodwill, long-lived assets and other assets 404 116 28 Impairment of equity method investment - - 182 Loss (income) from equity method investments, net 34 37 Unrealized (gain) loss on debt and equity securities, net 125 (1,142) (107) 7,045 Revaluation of MLU B.V. call option (191) Unrealized foreign currency transactions 48 38 96 Other 2 4 (7) Change in assets and liabilities, net of impact of business acquisitions and disposals: Accounts receivable 142 (597) (542) Prepaid expenses and other assets 94 (236) (196) Collateral held by insurer 339 860 Operating lease right-of-use assets 341 165 193 Accounts payable (133) 90 (133) Accrued insurance reserves (3) 516 736 Accrued expenses and other liabilities 83 1,068 492 Operating lease liabilities (131) (184) (215) Net cash provided by (used in) operating activities (2,745) (445) 642 Cash flows from investing activities Purchases of property and equipment (616) (298) (252) Purchases of non-marketable equity securities (10) (982) (14) Purchases of marketable securities (2,101) (1,113) (1,708) Proceeds from sale of non-marketable equity securities 500 Proceeds from maturities and sales of marketable securities 1,360 2,291 376 Proceeds from sale of equity method investments and grant of related call option 1,000 Proceeds from business divestiture, net of cash divested 26 Acquisition of businesses, net of cash acquired (1,471) (2,314) (59) Return of capital from equity method investee Purchase of notes receivables Other investing activities 91 (185) (297) 63 12 Net cash used in investing activities (2,869) (1,201) (6) (1,637) Cash flows from financing activities Proceeds from issuance and sale of subsidiary stock units 247 675 255 Proceeds from the issuance of common stock under the Employee Stock Purchase Plan Issuance of term loan and notes, net of issuance costs 125 107 2,628 1,484 92