Stock Analysis on Net
Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Common-Size Balance Sheet: Assets 

Uber Technologies Inc., common-size consolidated balance sheet: assets

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Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents 11.50 12.09 13.11 11.08 16.98
Short-term investments 2.12 1.88 0.32 0.00 3.55
Restricted cash and cash equivalents 1.06 2.08 2.12 1.63 0.75
Accounts receivable, net of allowance 6.50 8.80 8.65 6.29 3.23
Prepaid expenses 0.81 1.03 0.97 1.18 1.22
Other receivables 0.94 1.85 2.21 1.43 1.40
Other 0.96 1.46 1.43 1.14 1.03
Prepaid expenses and other current assets 2.71% 4.34% 4.61% 3.75% 3.65%
Assets held for sale 0.00 0.00 0.00 0.00 1.55
Current assets 23.90% 29.19% 28.81% 22.74% 29.72%
Restricted cash and cash equivalents 4.24 3.93 5.57 7.43 4.49
Restricted investments 13.70 12.35 5.03 0.00 0.00
Collateral held by insurer 0.00 0.00 0.00 0.00 2.59
Investments 16.51 15.77 13.71 30.45 27.22
Equity method investments 0.59 0.91 2.71 2.06 3.24
Property and equipment, net 3.81 5.36 6.48 4.78 5.46
Operating lease right-of-use assets 2.26 3.21 4.51 3.58 3.83
Intangible assets, net 2.20 3.68 5.84 6.22 4.70
Goodwill 15.74 21.06 25.73 21.72 18.37
Deferred tax assets 12.04 0.44 0.52 0.16 0.12
Other assets 5.02 4.11 1.10 0.86 0.26
Non-current assets 76.10% 70.81% 71.19% 77.26% 70.28%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets decreased from 16.98% in 2020 to 11.5% in 2024, indicating a reduction in liquid assets over the period.
Short-term investments
Short-term investments showed a fluctuating trend, starting at 3.55% in 2020, dropping to 0.32% in 2022, and then rising gradually to 2.12% by 2024.
Restricted cash and cash equivalents
Restricted cash and cash equivalents increased from 0.75% in 2020 to peak at 2.12% in 2022 but declined to 1.06% by 2024, suggesting some reallocation within liquid assets.
Accounts receivable, net of allowance
Accounts receivable increased steadily from 3.23% in 2020 to a high of 8.8% in 2023 but then decreased to 6.5% in 2024, reflecting varying levels of credit extended to customers or changes in collection efficiency.
Prepaid expenses
Prepaid expenses remained relatively stable but showed a slight downward trend from 1.22% in 2020 to 0.81% in 2024.
Other receivables
Other receivables increased initially from 1.4% in 2020 to 2.21% in 2022 then dropped to 0.94% by 2024, indicating variability in amounts due from other parties.
Prepaid expenses and other current assets
This combined category rose from 3.65% in 2020 to a peak of 4.61% in 2022 before decreasing significantly to 2.71% in 2024, suggesting a reduction in these current asset components.
Current assets
Current assets as a percentage of total assets fluctuated, declining sharply from 29.72% in 2020 to 22.74% in 2021, recovering to about 29.19% in 2023, and falling again to 23.9% in 2024, indicating unstable short-term asset allocation.
Restricted cash and cash equivalents (second listing)
Another category of restricted cash and equivalents showed an increase from 4.49% in 2020 to 7.43% in 2021 followed by a gradual decline to 4.24% in 2024, reinforcing a dynamic management of restricted cash balances.
Restricted investments
Restricted investments were not present in initial years but appeared at 5.03% in 2022 and increased notably to 13.7% by 2024, indicating a growing commitment to restricted investment vehicles.
Investments
The overall investments portion of total assets peaked at 30.45% in 2021 before dropping sharply to 13.71% in 2022 and then recovering slightly to 16.51% by 2024, showing volatility in investment holdings.
Equity method investments
Equity method investments declined steadily from 3.24% in 2020 to 0.59% in 2024, pointing to a decreased involvement or stake in affiliated entities.
Property and equipment, net
Net property and equipment as a share of total assets experienced some variability, peaking at 6.48% in 2022 before falling to 3.81% in 2024, suggesting reduced physical asset investment or divestitures.
Operating lease right-of-use assets
These assets decreased from 3.83% in 2020 to 2.26% in 2024, indicating a diminished leasing footprint or changes in lease accounting and commitments.
Intangible assets, net
The portion of intangible assets declined steadily from 4.7% in 2020 to 2.2% in 2024, suggesting amortization or impairment impacts reducing intangible asset values.
Goodwill
Goodwill represented a significant portion of total assets, rising from 18.37% in 2020 to a peak of 25.73% in 2022 before falling substantially to 15.74% in 2024, indicating possible impairment or divestment.
Deferred tax assets
Deferred tax assets were minimal until a notable surge to 12.04% in 2024, which represents a significant change potentially due to recognition of tax benefits or timing differences.
Other assets
Other assets increased gradually from 0.26% in 2020 to 5.02% in 2024, suggesting expansion or reclassification of less common asset types.
Non-current assets
Non-current assets maintained a dominant share, fluctuating around 70% to 77%, ending at 76.1% in 2024, confirming a consistently asset-heavy structure dominated by longer-term assets.