Question
In 2019, Uber Technologies, Inc. reported a net loss, although it had a net profit in 2018. It reported negative cash flows from operating activities
In 2019, Uber Technologies, Inc. reported a net loss, although it had a net profit in 2018. It reported negative cash flows from operating activities in both 2019 and 2018. Using the company's Form 10-K for the fiscal year ended December 31, 2019 (attached below), discuss the following: 1) What was Uber's net income and cash flow from operating activities for 2019 and 2018? 2) How was Uber able to pay its bills given that it has such a large, negative net cash flow from operating activities in 2019 and 2018? Note - the answer could be different for each year.
https://mylearning.suny.edu/content/enforced/287534-2022FA-BRM-BUS101-34264/csfiles/home_dir/courses/202230-34264-BUS101Y01/Uber-Technologies-Inc-2019-Annual-Report%20(1).pdf?_&d2lSessionVal=uvbE5U4jwoqoz3pPhlEvckkV0,
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