Q1 2023 Earnings
Free Cash Flow Reconciliation
$ in Millions
Free Cash Flow reconciliation:
Three Months Ended
Mar 31, '22
Jun 30, '22
Sep 30, '22
Dec 31, '22
Mar 31, '23
Net cash provided by (used in) operating activities
15
439
432
(244)
606
Purchases of property and equipment
(62)
(57)
(74)
(59)
(57)
Free Cash Flow
($47)
$382
$358
($303)
$549
Free Cash Flow, excluding HMRC VAT claims settlement:
Add: HMRC VAT claims settlement
733
Free Cash Flow, excluding HMRC VAT claims settlement
($47)
$382
$358
$430
$549
Uber
Q1 2023 Earnings
Note 1: Net cash provided by (used in) operating activities and Free Cash Flow in Q4'22 experienced a cash outflow of approximately $733 million (GBP 613 million) to resolve all outstanding HMRC VAT claims related to periods prior to our model
change on March 14, 2022.
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