UBER TECHNOLOGIES, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (In millions) Net income (loss) including non-controlling interests Other comprehensive income, net of tax: Change in foreign currency translation adjustment Change in unrealized gain (loss) on investments in available-for-sale debt securities Other comprehensive income, net of tax Comprehensive income (loss) including non-controlling interests Less: comprehensive income (loss) attributable to non-controlling interests Comprehensive income (loss) attributable to Uber Technologies, Inc. Year Ended December 31, 2021 2022 2023 (570) $ (9,138) $ 2,156 57 81 17 (46) 5 11 81 22 (559) (74) (9,057) 3 2,178 269 $ (485) $ (9,060) $ 1,909 The accompanying notes are an integral part of these consolidated financial statements. 76 UBER TECHNOLOGIES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share amounts which are reflected in thousands, and per share amounts) Year Ended December 31, 2021 2022 2023 Revenue Costs and expenses Operations and support Sales and marketing Research and development General and administrative Depreciation and amortization Total costs and expenses Income (loss) from operations Interest expense Other income (expense), net Income (loss) before income taxes and income from equity method investments Provision for (benefit from) income taxes Income (loss) from equity method investments Net income (loss) including non-controlling interests $ 17,455 $ 31,877 $ 37,281 Cost of revenue, exclusive of depreciation and amortization shown separately below 9,351 19,659 22,457 1,877 2,413 2,689 4,789 4,756 4,356 2,054 2,798 3,164 2,316 3,136 2,682 902 947 823 21,289 33,709 36,171 (3,834) (1,832) 1,110 (483) (565) (633) 3,292 (7,029) 1,844 (1,025) (9,426) 2,321 (492) (181) 213 (37) 107 48 (570) (9,138) 2,156 Less: net income (loss) attributable to non-controlling interests, net of tax (74) 3 269 Net income (loss) attributable to Uber Technologies, Inc. $ (496) $ (9,141) $ 1,887 Net income (loss) per share attributable to Uber Technologies, Inc. common stockholders: Basic $ (0.26) $ (4.64) $ 0.93 Diluted (0.29) $ (4.65) $ 0.87 Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: Basic Diluted 1,892,546 1,972,131 2,035,651 1,895,519 1,974,928 2,091,782 The accompanying notes are an integral part of these consolidated financial statements. Term Project -- Module 5 - Aspects of accounting for operations For UBER TECHNOLOGIES 1. Describe its revenue recognition policy. Are there any issues that might cause concerns to an analyst, or do things seem pretty straightforward? Does the method seem consistent with FASB guidance on recognizing revenue as performance obligations are satisfied? 2. What are the major types of expenses? Do you have any concerns that expenses are not being recognized in a reasonable manner? 3. If the company has inventory, what method does it use (LIFO, FIFO, average cost)? If it uses LIFO, what is the difference between the LIFO inventory and the current cost of the inventory? 4. Does the company have significant research and development costs, or advertising costs? Does this lead you to believe it may have intangible assets which are not valued on the balance sheet? 5. Does the company have a defined benefit pension plan? If so, - how much is the net pension liability or asset? - Do you see any issues related to the plan being seriously underfunded, if that is the case? - Does the related pension expense seem to be at a consistent level each year?