Uber’s Financials are Released
Posted on 04/11/2019
San Francisco-based Uber Technologies submitted its filings to the SEC. In 2018, Uber generated revenue of US$ 11.27 billion versus a US$ 7.932 billion in 2017 and US$ 495 million in 2014. In 2018, Uber generated net income of US$ 997 million versus a US$ 4.033 billion loss in 2017. In 2018, Uber made 5.22 billion trips, versus 3.736 billion in 2017 and 1.818 billion in 2016.
Compared to rival Uber, Lyft posted US$ 2,156.616 billion in revenue in 2018 and US$ 1,059.881 billion in revenue in 2017. Lyft generated a loss of US$ 911.335 million in 2018 and a loss of US$ 688.301 million in 2017.
Lyft had 619.4 million rides in 2018.
Uber Eats generated US$ 757 million in revenue in 2018, US$ 367 million in revenue in 2017, and US$ 17 million in revenue in 2016.
Saudi Arabia’s Public Investment Fund controls 72,841,000 shares of Uber, or 5.3% of the company, while SoftBank Group controls 222,228 shares of Uber, or 16.3%A of the company. Uber founder and former CEO Travis Kalanick owns 117,505,000 shares or 8.6% of Uber.
Uber Technologies vs. Lyft – Filing Data
| Comparison | 2018 Ride Revenue | 2018 Ride Income | 2018 Rides | Company Revenue per Ride | Company Profit per Ride |
|---|---|---|---|---|---|
| Uber | 9,013,000,000 | 940,000,000 | 5,220,000,000 | $1.73 | 0.18 |
| Lyft* | 2,156,616,000 | -910,597,000 | 619,400,000 | $3.48 | -1.47 |
| *Lyft has determined that it operates in one operating segment. | |||||
| **Uber, Ride Sharing Income is counting Ridesharing, Uber Eats, and other. |
Uber Technologies
| Unaudited Consolidated Balance Sheet Data – Millions USD – December 31 period. | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 1,961 | 4,188 | 6,241 | 4,393 | 6,406 |
| Working capital | 1,748 | 4,644 | 4,589 | 2,990 | 4,399 |
| Total assets | 2,241 | 6,740 | 15,713 | 15,426 | 23,988 |
| Long-term debt, net of current portion | — | 1,423 | 3,087 | 3,048 | 6,869 |
| Redeemable convertible preferred stock warrant liability | — | 3 | 211 | 125 | 52 |
| Total liabilities | 330 | 4,078 | 9,198 | 11,773 | 17,196 |
| Redeemable convertible preferred stock | 2,881 | 6,256 | 11,111 | 12,210 | 14,177 |
| Additional paid-in capital | 101 | 120 | 209 | 320 | 668 |
| Accumulated deficit | -1,109 | -4,265 | -4,806 | -8,874 | -7,865 |
| Total stockholders’ deficit | -1,009 | -4,146 | -4,596 | -8,557 | -7,385 |
Lyft
| Consolidated Balance Sheet Data – Millions USD – Dec 31 period | 2017 | 2018 |
|---|---|---|
| Cash and cash equivalents | 1,106.102 | 517.690 |
| Total assets | 3,016.727 | 3,760.043 |
| Total liabilities | 712.116 | 1,479.277 |
| Redeemable convertible preferred stock | 4,284.049 | 5,152.047 |
| Accumulated deficit | -2,033.995 | -2,945.330 |
| Total stockholders’ deficit | -1,979.438 | -2,871.281 |