Uber-2019年第二季度Uber财报（PPT版）（英文）-2019.8.8-33页_1mb

Uber Technologies, Inc. Q2 2019 Earnings Summary

Core Content

Uber Technologies, Inc. released its Q2 2019 earnings report, which includes financial data and disclosures related to non-GAAP measures and forward-looking statements. The report provides insights into the company's financial performance, expenses, and cash flows for the three and six months ended June 30, 2019.

Non-GAAP Financial Measures

Uber uses non-GAAP financial measures to supplement its GAAP financial information. These measures include:

• Adjusted Net Revenue: Revenue less excess driver incentives and driver referrals.
• Core Platform Adjusted Net Revenue: Revenue from core platform services.
• Ridesharing Adjusted Net Revenue: Revenue from ridesharing.
• Uber Eats Adjusted Net Revenue: Revenue from Uber Eats.
• Adjusted EBITDA: Net income (loss) excluding various non-recurring and non-operational items.
• YoY % Growth at Constant Currency: Calculated using the prior period's exchange rates for non-U.S. dollar currencies.

These non-GAAP measures are used for internal financial and operational decision-making and to evaluate period-to-period comparisons. They provide a clearer view of recurring core business performance by excluding items such as legal settlements, tax and regulatory reserves, and restructuring costs.

Forward Looking Statements

The report includes forward-looking statements that involve risks and uncertainties. These statements are not guarantees of future performance and may differ materially due to various factors, including:

• Competition
• Managing growth and corporate culture
• Financial performance
• Investments in new products or offerings
• Attracting drivers, consumers, and partners
• Brand and reputation
• Legal and regulatory developments

Investors are advised to refer to the "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" sections in the prospectus for additional details.

Gross Bookings

Gross bookings for Q2 2019 are provided in millions of dollars. The report includes data for:

• Core Platform Gross Bookings
• Other Bets Gross Bookings

These figures reflect the total revenue generated from the company's core services and other business initiatives.

Monthly Active Platform Consumers (MAPCs)

MAPCs, measured in millions, represent the number of unique consumers who used the platform for Ridesharing, New Mobility, or Uber Eats at least once in a given month. The data is averaged over each month in the quarter and excludes the impact of 2018 Divested Operations.

Trips

Trips, also measured in millions, are defined as the number of completed consumer rides for Ridesharing and New Mobility, and meal deliveries for Uber Eats. The data excludes the impact of 2018 Divested Operations.

Adjusted Net Revenue

Adjusted Net Revenue for Q2 2019 is provided in millions of dollars. It is defined as revenue less excess driver incentives and driver referrals. The report notes that the YoY growth at constant currency excludes the impact of the Driver appreciation award associated with the IPO.

Core Platform Contribution Margin

This metric, expressed as a percentage of Core Platform Adjusted Net Revenue, provides insight into the profitability of the core platform services.

Adjusted EBITDA

Adjusted EBITDA is presented in millions of dollars and is calculated by excluding several items from net income (loss), including:

• Income (loss) from discontinued operations
• Net income (loss) attributable to redeemable non-controlling interest
• Provision for (benefit from) income taxes
• Income (loss) from equity method investments
• Interest expense
• Other income (expense)
• Depreciation and amortization
• Stock-based compensation
• Certain legal, tax, and regulatory reserves and settlements
• Asset impairment/loss on sale of assets
• Acquisition and financing related expenses
• Restructuring charges

Condensed Consolidated Financial Statements (Unaudited)

Balance Sheets

• Cash and cash equivalents: Increased from $6,406 million to $11,744 million.
• Restricted cash and cash equivalents: Increased from $67 million to $137 million.
• Accounts receivable: Increased from $919 million to $1,290 million.
• Total assets: Increased from $23,988 million to $30,980 million.
• Total liabilities: Decreased from $17,196 million to $15,072 million.
• Stockholders’ equity (deficit): Increased from ($7,385) million to $15,922 million.

Statements of Cash Flows

• Net cash used in operating activities: Decreased from ($450) million to ($1,644) million.
• Net cash provided by investing activities: Increased from ($466) million to $50 million.
• Net cash provided by financing activities: Increased from $2,476 million to $7,029 million.
• Net increase in cash and cash equivalents: Increased from $1,458 million to $5,447 million.

Key Financial Highlights

Revenue

• Three Months Ended Jun 30, 2019: $3,166 million
• Six Months Ended Jun 30, 2019: $6,265 million

Costs and Expenses

• Three Months Ended Jun 30, 2019: $8,651 million
• Six Months Ended Jun 30, 2019: $12,784 million

Net Income (Loss)

• Three Months Ended Jun 30, 2019: ($5,246) million
• Six Months Ended Jun 30, 2019: ($6,262) million

Net Income (Loss) Per Share

• Basic: ($4.72) for Q2 2019
• Diluted: ($4.72) for Q2 2019

Non-GAAP Reconciliations

The report includes detailed reconciliations from GAAP to non-GAAP measures for Q2 2019 and Q2 2018. These reconciliations highlight the adjustments made to exclude non-recurring and non-operational items, providing a clearer view of the company's core financial performance.

Summary of Key Financial Metrics

• Adjusted Net Revenue (Q2 2019): $2,873 million
• Adjusted EBITDA (Q2 2019): ($656) million
• Non-GAAP Costs and Expenses (Q2 2019): $3,791 million
• Net Income (Loss) Attributable to Uber Technologies, Inc. (Q2 2019): ($5,236) million

Notes and Additional Information

• YoY Constant Currency Growth: Excludes the impact of the Driver appreciation award associated with the IPO.
• MAPCs: Excludes the impact of 2018 Divested Operations.
• Trips: Excludes the impact of 2018 Divested Operations.
• Non-GAAP Measures: Provide transparency into core business performance and are used by investors and analysts for comparison and analysis.
• GAAP to Non-GAAP Reconciliation: Includes adjustments for various items such as legal and regulatory reserves, depreciation, amortization, and stock-based compensation.

This summary provides a clear overview of Uber's financial performance for Q2 2019, including both GAAP and non-GAAP metrics, as well as key financial highlights and reconciliations.