(in $ millions) 2021 2020 2019

Revenue 17,455 11,139 13,000

Summary of income statement
2021 2020 2019

EBITDA 2,892 3,749 8,124

Sales 17,455 11,139 13,000
(+56,70%) (-14,32%) (+15.35%)
Interest expense 483 458 559
EBITDA (2,892) (3,749) (8,124)
(+22.86%) (+53,85%) (-237.1%)
COGS 11,884 7,198 8,640
Net Income (496) (6,768) (8,506)
(+92.67%) (+20.43%) (-953,16%)
Income tax 492 192 45 EBIT/Sales 16.57% 33.66% 62.49%
(-50.77%) (-46.13%)
Net Income/sales 2,84% 60,76% 65,43%
Gross income 5,571 3,941 4,360 (-95.32%) (-7.14%)

• Uber has seen an important decrease in net income in

Net income (total) 496 6,768 8,506 2019, however the company was able to increase this
result significantly by the end of 2021
Basic share 1,893 1,753 1,248 • Uber’s sales decreased during 2020, probably following
outstanding the covid crisis, however they were able to increase their
revenue by more than 50% in 2021
 2021 2020 2019
Summary of Balance Sheet Total Assets 38,774 33,252 31,761
(14%) (4.5%)
(in millions) 2021 2020 2019 Cash and cash equivalents 4,295 5,647 10,873
(-31.5%) (-92.5%)
Cash and Cash eqiuivalent 4,295 5,647 10,873 Cash to Total Assets 11% 17% 34.2%

Short-term investments - 1,180 440 Current Assets 8,819 9,882 13.925

(-12%) (-40.9%)
Working capital (205) 3,017 8,286 Current Liabilities 9.024 6.865 5.639
(23.9%) (17.8%)
Total assets 38,774 33,252 31,761 Working Capital = (205) 3.017 8.286
Current Assets -
Long-term dept, net of current portion 9,276 7,560 5,707 Current Liabilities
Current Ratio .97 1.43 2.46
Total liabilities 23,425 19,498 16,578

Redeemable convertible preferred stock 204 - -

Additional paid-in capital 38,608 35,931 30,739 • Assets in total have been increasing both years,
Accumulated deficit (23,626) (23,130) (16,362)
but current assets are decreasing with a big
amount.
Total stockholders equity 14,458 12,967 14,872
• Current liabilities have been increasing by 17.8%
Total equity 15,349 13,754 15,183 in 2020 and 23.9% in 2021.

Total liabilities, redeemable non- 38,774 33,252 31,761

• Working capital has been falling in the latest
controlling interest and equity years, also current ratio had an decreasing from
2.46 in 2019 to .97 in 2021.
Uber

• Uber IPO date: May 9, 2019

• Initial price per share $45, and by the end of the day goes $41.57
• Uber share loss 7.8% on the first day of trading
• Raised $8.1 billion in IPO, sold 180 million shares valued at $61.8 billion.
 Uber
• Based on the financial statements we predicts a growth ratio of 1.82 after Covid-19.
The model input clearly states that we did not have enough information to calculate the tax
rate and payout ratio.
They also don’t pay dividends on their shares.

  Base year Short term   2021 2022

income statement 2021 2022 Balance sheet

revenue 17,455 31,877 assets    

Model inputs  
COGS 9,351 19,659 networking capital -205 396
growth rate 182%
EBIT -3,834 -1,832 fixed assets 29,955 22,860
tax rate /
interest expenses 2,809 -7,594 total assets 30,327 22,679
interest rate 10%
earnings before taxes -1,025 -9,426      

taxes 529 285 liabilities & equity     NWC/sales ratio 0.012

net income -496 -9,141 long-term debt 15,182 14,605 fixed assets/sales 1.71

dividentds / / shareholders equity 15,145 8,074 COGS/sales 0.54

retained loss -496 -9,141 total liab & equity 30,327 22,679
Uber

  Base year      
income statement 2021 2022 2023 2024
revenue 17,455 31,877 49,728 77,576
COGS 9,351 19,659 30,668 47,842
EBIT -3,834 -1,832 5,060.08 15,733.72
interest expenses 2,809 -7,594 -7,594 -7,594
earnings before taxes -1,025 -9,426 -2,534 8,140
taxes 529 285 285 285
net income -496 -9,141 -2,819 7,855
dividentds / / / /
retained earning/loss -496 -9,141 -2,819 7,855
         
  2021 2022    
Balance sheet         Model inputs
assets        
growth rate 56%
networking capital -205 396 618 964
fixed assets 29,955 22,860 35662 55632 tax rate /
total assets 30,327 22,679 35379 55192 interest rate 10%
          NWC/sales ratio  0.012
liabilities & equity         fixed assets/sales 1.71 
long-term debt 15,182 14,605 22784 35543
shareholders equity 15,145 8,074 12595 19649 COGS/sales 0.54 
total liab & equity 30,327 22,679 35379 55192