Uber2019年Q1财报（英文）-2019.5.30-32页_7mb

Uber Technologies, Inc. Q1 2019 Earnings Summary

Core Content

Uber Technologies, Inc. released its Q1 2019 earnings report, highlighting financial performance, non-GAAP measures, and key operational metrics. The report includes detailed information on revenue, expenses, and cash flow for the quarter ended March 31, 2019, and provides reconciliations between GAAP and non-GAAP financial measures.

Non-GAAP Financial Measures

Uber uses the following non-GAAP financial measures for performance evaluation:

• Adjusted Net Revenue: Revenue less excess driver incentives and driver referrals.
• Core Platform Adjusted Net Revenue: Adjusted net revenue for Rideshare, Uber Eats, and Other Core Platform businesses.
• Adjusted EBITDA: Net income (loss) excluding various non-recurring and non-operational items such as discontinued operations, taxes, depreciation, amortization, and stock-based compensation.
• Core Platform Contribution Margin: Core Platform Contribution Profit (Loss) as a percentage of Core Platform Adjusted Net Revenue.

These measures are used to evaluate performance by excluding items that may not reflect recurring business results.

Financial Highlights (Q1 2019)

Revenue

• GAAP Revenue: $3,099 million
• Non-GAAP Adjusted Net Revenue: $2,761 million

Costs and Expenses

• Total GAAP Costs and Expenses: $4,133 million
• Total Non-GAAP Costs and Expenses: $3,630 million

Loss from Operations

• GAAP Loss from Operations: ($1,034) million
• Non-GAAP Adjusted EBITDA: ($869) million

Net Income (Loss)

• GAAP Net Income (Loss): ($1,016) million
• Non-GAAP Net Income (Loss) Attributable to Uber Technologies, Inc.: ($1,012) million

Key Metrics

Gross Bookings

• GAAP Gross Bookings: $2,644 million
• Core Platform Gross Bookings: $2,644 million
• YoY Constant Currency Growth: 5%

Monthly Active Platform Consumers

• Data: Included in the report but not provided in numerical form.

Trips

• Data: Included in the report but not provided in numerical form.

Monthly Trips per MAPC

• Data: Included in the report but not provided in numerical form.

Cash Flow and Balance Sheet

Cash and Cash Equivalents

• Beginning of Period: $5,828 million
• End of Period: $7,682 million

Net Cash Used in Operating Activities

• 2018: ($297) million
• 2019: ($722) million

Net Cash Provided by (Used in) Investing Activities

• 2018: ($375) million
• 2019: $204 million

Net Cash Provided by (Used in) Financing Activities

• 2018: $1,114 million
• 2019: ($46) million

Total Liabilities, Mezzanine Equity, and Stockholders' Deficit

• As of Dec 31, 2018: $23,988 million
• As of Mar 31, 2019: $24,390 million

Limitations of Non-GAAP Measures

• Non-GAAP measures are not a substitute for GAAP financial information.
• They exclude certain items that may affect financial performance, such as legal, tax, and regulatory reserves, depreciation, and stock-based compensation.
• The report emphasizes that these measures are used for internal comparisons and external analysis by investors.

Reconciliation of GAAP to Non-GAAP

The report provides detailed reconciliations between GAAP and non-GAAP measures, including adjustments for excess driver incentives, driver referrals, asset impairment, depreciation, amortization, and stock-based compensation.

Summary of Key Points

• Uber's financial performance in Q1 2019 shows a loss of ($1,016) million.
• Non-GAAP Adjusted Net Revenue was $2,761 million, which is lower than GAAP revenue.
• The company reported a 5% YoY constant currency growth in Gross Bookings.
• Cash and cash equivalents increased to $7,682 million at the end of the quarter.
• Operating activities used $722 million in cash, while investing activities provided $204 million.
• The company faces risks related to competition, growth management, financial performance, and regulatory issues.

Notes

• The report includes various notes explaining the definitions of financial terms and the methodology used for calculating non-GAAP measures.
• The reconciliation tables provide detailed breakdowns of adjustments made from GAAP to non-GAAP financial measures.
• The document also includes supplemental disclosures of cash flow information.