Uber Shareholder Engagement Presentation Deck
Appendix A: Non-GAAP Reconciliations
Supplemental Information About Financial Measures
To supplement our financial information, which is prepared and presented in
accordance with generally accepted accounting principles in the United States of
America ("GAAP"), we use the following non-GAAP financial measures in this
presentation: Adjusted Net Revenue and Adjusted EBITDA. The presentation of this
financial information is not intended to be considered in isolation or as a substitute for,
or superior to, the financial information prepared and presented in accordance with
GAAP. We use these non-GAAP financial measures for financial and operational
decision-making and as a means to evaluate period-to-period comparisons. We believe
that these non-GAAP financial measures provide meaningful supplemental information
regarding our performance by excluding certain items that may not be indicative of our
recurring core business operating results.
We believe that both management and investors benefit from referring to these non-
GAAP financial measures in assessing our performance and when planning, forecasting,
and analyzing future periods. These non-GAAP financial measures also facilitate
management's internal comparisons to our historical performance. We believe these
non-GAAP financial measures are useful to investors both because
(1) they allow for greater transparency with respect to key metrics used by
management in its financial and operational decision-making and
(2) they are used by our institutional investors and the analyst community to help them
analyze the health of our business.
There are a number of limitations related to the use of non-GAAP financial measures.
In light of these limitations, we provide specific information regarding the GAAP
amounts excluded from these non-GAAP financial measures and evaluating these
non-GAAP financial measures together with their relevant financial measures in
accordance with GAAP.
Non-GAAP Reconciliations
Adjusted Net Revenue Reconciliation
Adjusted Net Revenue reconciliation:
Revenue
Deduct:
Excess Driver incentives
Driver referrals
Adjusted Net Revenue
Adjusted EBITDA Reconciliation
Net income (loss) attributable to Uber Technologies, Inc.
Add (deduct):
Net income (loss) attributable to non-controlling interests, net of tax
Provision for (benefit from) income taxes
Loss from equity method investment, net of tax
Interest expense
Other (income) expense, net
Stock-based compensation expense
Depreciation and amortization
Restructuring charges
Asset impairment/loss on sale of assets
Payroll tax on IPO stock-based compensation
Driver appreciation award
Legal, tax, and regulatory reserve changes and settlements
Adjusted EBITDA
Year Ended
Dec 31, 2019
(In millions)
$14,147
(1,147)
(103)
$12,897
Year Ended
Dec 31, 2019
(In millions)
$(8,506)
(6)
45
34
559
(722)
4,596
472
57
8
86
299
353
$ (2,725)
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