Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Uber Technologies Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	37,281)	31,877)	17,455)	11,139)	14,147)
Cost of revenue, exclusive of depreciation and amortization	(22,457)	(19,659)	(9,351)	(5,154)	(7,208)
Gross profit	14,824)	12,218)	8,104)	5,985)	6,939)
Operations and support	(2,689)	(2,413)	(1,877)	(1,819)	(2,302)
Sales and marketing	(4,356)	(4,756)	(4,789)	(3,583)	(4,626)
Research and development	(3,164)	(2,798)	(2,054)	(2,205)	(4,836)
General and administrative	(2,682)	(3,136)	(2,316)	(2,666)	(3,299)
Depreciation and amortization	(823)	(947)	(902)	(575)	(472)
Income (loss) from operations	1,110)	(1,832)	(3,834)	(4,863)	(8,596)
Interest expense	(633)	(565)	(483)	(458)	(559)
Interest income	484)	139)	37)	55)	234)
Foreign currency exchange gains (losses), net	(182)	(147)	(67)	(128)	(40)
Gain on business divestitures, net	204)	14)	1,684)	204)	—)
Gain (loss) from sale of investments	(74)	—)	413)	—)	—)
Unrealized gain (loss) on debt and equity securities, net	1,610)	(7,045)	1,142)	(125)	2)
Impairment of debt and equity securities	—)	—)	—)	(1,690)	—)
Impairment of equity method investment	—)	(182)	—)	—)	—)
Revaluation of MLU B.V. call option	—)	191)	—)	—)	—)
Change in fair value of embedded derivatives	—)	—)	—)	—)	58)
Gain on extinguishment of convertible notes and settlement of derivatives	—)	—)	—)	—)	444)
Other, net	(198)	1)	83)	59)	24)
Other income (expense), net	1,844)	(7,029)	3,292)	(1,625)	722)
Income (loss) before income taxes and income (loss) from equity method investments	2,321)	(9,426)	(1,025)	(6,946)	(8,433)
(Provision for) benefit from income taxes	(213)	181)	492)	192)	(45)
Income (loss) from equity method investments	48)	107)	(37)	(34)	(34)
Net income (loss) including non-controlling interests	2,156)	(9,138)	(570)	(6,788)	(8,512)
Net (income) loss attributable to non-controlling interests, net of tax	(269)	(3)	74)	20)	6)
Net income (loss) attributable to Uber Technologies, Inc.	1,887)	(9,141)	(496)	(6,768)	(8,506)

Based on: 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), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Uber Technologies Inc. revenue increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) from operations	The net result for the period of deducting operating expenses from operating revenues.	Uber Technologies Inc. income (loss) from operations increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before income taxes and income (loss) from equity method investments	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Uber Technologies Inc. income (loss) before income taxes and income (loss) from equity method investments decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net income (loss) attributable to Uber Technologies, Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Uber Technologies Inc. net income (loss) attributable to Uber Technologies, Inc. decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Uber Technologies Inc. (NYSE:UBER)

Income Statement