Uber Technologies (UBER) FY2023 results: revenue $37.3 billion, up 17.0% on the year
Uber Technologies, Inc. (UBER) reported revenue of $37.3 billion for fiscal 2023, the year ended 31 December 2023, up 17.0% on the year before. Net income was $1.9 billion, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2024.
Revenue
$37.3 billion
+17.0% on the year
FY2017FY2023
Operating margin
3.0%
-5.7% a year earlier
FY2017FY2023
Net income
$1.9 billion
FY2017FY2023
Diluted EPS
$0.87
FY2017FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
3,585
642
-445
+458.4%
Capital expenditure
223
252
298
-11.5%
Free cash flow
3,362
390
-743
+762.1%
Free cash flow margin
9.0%
1.2%
-4.3%
Cash from investing
-3,226
-1,637
-1,201
Cash from financing
-95.0
15.0
1,780
Depreciation and amortisation
823
947
902
-13.1%
Share-based compensation
1,935
1,793
1,168
+7.9%
Buybacks
0.0
0.0
n/a
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
2,092m
1,975m
1,896m
+5.9%
Shares outstanding at period end
2,071m
2,005m
1,949m
+3.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
11,249
7,340
14,458
+53.3%
Non-controlling interest
779
734
687
+6.1%
Redeemable equity
654
430
204
+52.1%
Debt
9,560
9,361
9,388
+2.1%
Operating lease liabilities
1,550
1,673
1,644
-7.4%
Finance lease liabilities
322
284
43.0
+13.4%
Other liabilities
14,585
12,287
12,350
+18.7%
Total liabilities and equity
38,699
32,109
38,774
+20.5%
Fixed assets
2,073
2,082
1,853
-0.4%
Goodwill
8,151
8,263
8,420
-1.4%
Intangible assets
1,425
1,874
2,412
-24.0%
Investments
727
103
0.0
+605.8%
Cash and equivalents
4,680
4,208
4,295
+11.2%
Receivables
3,404
2,779
2,439
+22.5%
Other assets
18,239
12,800
19,355
+42.5%
Total assets
38,699
32,109
38,774
+20.5%
10-K for the year ended 31 December 2023, filed 15 February 2024: the filing.