Uber-2019年第二季度Uber财报（PPT版）（英文）-2019.8.8-33页_2mb

Uber Technologies, Inc. Q2 2019 Earnings Summary

Core Content Overview

Uber Technologies, Inc. released its Q2 2019 earnings report, which includes financial performance metrics, non-GAAP financial measures, and a reconciliation of GAAP to non-GAAP figures. The report outlines the company's financial results for both the three months ended June 30, 2019, and the six months ended June 30, 2019, with a focus on key performance indicators such as Gross Bookings, Adjusted Net Revenue, and Adjusted EBITDA. The report also provides insights into the company's balance sheet and cash flow statements.

Main Financial Highlights

Gross Bookings

• Core Platform Gross Bookings (in Millions):
  • Ridesharing: $2,599
  • Uber Eats: $1,454
  • Other Core Platform: $1,265
• Total Gross Bookings: $5,318
• YoY Constant Currency Growth: The growth rate is calculated using the prior period's monthly exchange rates for non-U.S. dollar currencies.

Monthly Active Platform Consumers (MAPCs)

• MAPCs (in Millions): The data is presented in a chart but not quantified in the text.

Trips

• Trips (in Millions): The data is presented in a chart but not quantified in the text.

Adjusted Net Revenue

• Core Platform Adjusted Net Revenue (in Millions):
  • Ridesharing: $2,049
  • Uber Eats: $485
  • Other Core Platform: $339
• Total Adjusted Net Revenue: $2,873
• Note: Adjusted Net Revenue excludes excess driver incentives, driver referrals, and other non-recurring items. It is lower than GAAP revenue in all periods.

Adjusted EBITDA

• Adjusted EBITDA (in Millions): ($656)
• Note: Adjusted EBITDA excludes several non-operational and non-recurring items, including legal settlements, tax and regulatory reserves, restructuring charges, and others.

Key Non-GAAP Financial Measures

Uber utilizes non-GAAP financial measures to provide additional clarity on its performance. These include:

• Adjusted Net Revenue: Revenue minus excess driver incentives and driver referrals.
• Adjusted EBITDA: Net income (loss) excluding various non-operational and non-recurring expenses.
• YoY Constant Currency Growth: Financial results adjusted for currency fluctuations.

Limitations of Non-GAAP Measures

• Non-GAAP measures should not be considered in isolation from GAAP results.
• They are used for internal comparisons and to evaluate the company's recurring core business performance.
• Certain items like legal settlements and tax reserves are excluded, making it difficult to fully reconcile forward-looking non-GAAP measures to GAAP without unreasonable efforts.

Financial Statements Overview

Condensed Consolidated Statements of Operations (Unaudited)

• Three Months Ended June 30, 2019:

  • Revenue: $3,166
  • Costs and expenses: $8,651
  • Loss from operations: ($5,485)
  • Interest expense: ($151)
  • Other income (expense), net: $398
  • Income (loss) before income taxes and loss from equity method investment: ($5,238)
  • Provision for (benefit from) income taxes: ($2)
  • Net income (loss) attributable to Uber Technologies, Inc.: ($5,236)

• Six Months Ended June 30, 2019:

  • Revenue: $6,265
  • Costs and expenses: $12,784
  • Loss from operations: ($6,519)
  • Interest expense: ($368)
  • Other income (expense), net: $658
  • Net income (loss) attributable to Uber Technologies, Inc.: ($6,248)

Condensed Consolidated Balance Sheets (Unaudited)

• As of June 30, 2019:

  • Total assets: $30,980
  • Total liabilities: $15,072
  • Total stockholders’ equity (deficit): $15,922
  • Cash and cash equivalents: $11,744
  • Restricted cash and cash equivalents: $137 (current) + $1,809 (non-current) = $1,946

• As of December 31, 2018:

  • Total assets: $23,988
  • Total liabilities: $17,196
  • Total stockholders’ equity (deficit): ($7,385)

Cash Flow Highlights

Operating Activities

• Three Months Ended June 30, 2019: Net cash used in operating activities: ($1,644)
• Six Months Ended June 30, 2019: Net cash used in operating activities: ($450)

Investing Activities

• Three Months Ended June 30, 2019: Net cash provided by investing activities: $50
• Six Months Ended June 30, 2019: Net cash provided by investing activities: ($466)

Financing Activities

• Three Months Ended June 30, 2019: Net cash provided by financing activities: $7,029
• Six Months Ended June 30, 2019: Net cash provided by financing activities: $2,476

Net Increase in Cash and Cash Equivalents

• Three Months Ended June 30, 2019: $5,447
• Six Months Ended June 30, 2019: $1,458

Key Financial Notes

• GAAP to Non-GAAP Reconciliation:

  • Excess driver incentives and driver referrals are subtracted from revenue to arrive at Adjusted Net Revenue.
  • Adjusted EBITDA excludes several items such as depreciation, amortization, stock-based compensation, and legal, tax, and regulatory reserves.

• Forward-Looking Statements:

  • The report includes forward-looking statements that are subject to risks and uncertainties.
  • Investors are advised to refer to the "Risk Factors" and "Management’s Discussion and Analysis" sections of the prospectus for more information.

• IPO Impact:

  • The Driver appreciation award associated with the IPO is excluded from the YoY constant currency growth for Adjusted Net Revenue.

Summary of Key Metrics

• Gross Bookings: $5,318 million (Q2 2019)
• Adjusted Net Revenue: $2,873 million (Q2 2019)
• Adjusted EBITDA: ($656) million (Q2 2019)
• Net Income (Loss) Attributable to Uber Technologies, Inc.: ($5,236) million (Q2 2019)
• Total Assets: $30,980 million (June 30, 2019)
• Total Liabilities: $15,072 million (June 30, 2019)
• Total Stockholders’ Equity: $15,922 million (June 30, 2019)
• Cash and Cash Equivalents: $13,690 million (June 30, 2019)

Conclusion

Uber's Q2 2019 earnings report highlights the company's financial performance and provides detailed non-GAAP measures to reflect its core business operations. While GAAP results show a loss, the non-GAAP Adjusted EBITDA and Adjusted Net Revenue provide a clearer picture of the company's operational performance. The report also includes key financial statements and reconciliations, emphasizing the importance of non-GAAP measures in evaluating the company's financial health. Investors are encouraged to consider both GAAP and non-GAAP figures when assessing Uber's performance and future outlook.