v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income (loss) including non-controlling interests $ (8,512) $ 987 $ (4,033)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation and amortization 472 426 510
Bad debt expense 92 71 82
Stock-based compensation 4,596 170 124
Gain on extinguishment of convertible notes and settlement of derivatives (444) 0 0
Gain on business divestitures 0 (3,214) 0
Deferred income tax (88) 35 (762)
Revaluation of derivative liabilities (58) 501 173
Accretion of discount on long-term debt 82 318 244
Payment-in-kind interest 10 71 69
Loss on disposal of property and equipment 10 59 117
Impairment of long-lived assets held for sale 0 197 223
Loss from equity method investment 34 42 0
Gain on debt and equity securities, net (2) (1,996) 0
Non-cash deferred revenue (52) 0 0
Gain on forfeiture of unvested warrants and related share repurchases 0 (152) 0
Unrealized foreign currency transactions 16 53 (59)
Other 23 1 (16)
Change in assets and liabilities, net of impact of business acquisitions and disposals:      
Accounts receivable (407) (279) (442)
Prepaid expenses and other assets (478) (473) (120)
Collateral held by insurer (1,199) 0 0
Operating lease right-of-use assets 201 0 0
Accounts payable 95 (39) (79)
Accrued insurance reserves 481 943 1,284
Accrued expenses and other liabilities 960 738 1,267
Operating lease liabilities (153) 0 0
Net cash used in operating activities (4,321) (1,541) (1,418)
Cash flows from investing activities      
Proceeds from insurance reimbursement, sale and disposal of property and equipment 51 369 342
Purchase of property and equipment (588) (558) (821)
Purchase of intangible assets 0 0 (8)
Purchase of equity method investments 0 (412) 0
Purchase of non-marketable debt securities 0 (30) 0
Purchase of non-marketable investments (100) 0 0
Purchases of marketable securities (441) 0 0
Proceeds from maturities and sales of marketable securities 2 0 0
Proceeds from business disposal, net of cash divested 293 0 0
Acquisition of businesses, net of cash acquired (7) (64) 0
Net cash used in investing activities (790) (695) (487)
Cash flows from financing activities      
Proceeds from issuance of common stock upon initial public offering, net of offering costs 7,973 0 0
Taxes paid related to net share settlement of equity awards (1,573) 0 0
Proceeds from issuance of common stock in private placement 500 0 0
Proceeds from issuance of subsidiary preferred stock units 1,000 0 0
Proceeds from exercise of stock options, net of repurchases 19 27 3
Proceeds from the issuance of common stock under the Employee Stock Purchase Plan 49 0 0
Repurchase of outstanding shares 0 (10) (131)
Issuance of term loan and senior notes, net of issuance costs 1,189 3,466 0
Principal repayment on term loan (27) (19) (12)
Proceeds from revolving lines of credit 0 0 202
Principal repayment on revolving lines of credit 0 (491) (76)
Principal payments on capital and finance leases   (89) 0
Principal payments on capital and finance leases (138)    
Proceeds from issuance of redeemable convertible preferred stock, net of issuance costs 0 1,750 1,008
Dissolution of joint venture and subsequent proceeds 0 38 19
Repurchase of stock subject to put options related to Yandex (74) 0 0
Other 21 (32) 2
Net cash provided by financing activities 8,939 4,640 1,015
Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents (4) (119) 22
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents 3,824 2,285 (868)
Cash and cash equivalents, and restricted cash and cash equivalents      
Beginning of period   8,209 5,828
Reclassification from (to) assets held for sale during the period 34 96 (130)
End of period, excluding cash classified within assets held for sale 12,067 8,209 5,828
Cash paid for:      
Interest, net of amount capitalized 332 124 61
Income taxes, net of refunds 133 289 153
Non-cash investing and financing activities:      
Conversion of redeemable convertible preferred stock to common stock upon initial public offering 14,224 0 0
Conversion of convertible notes to common stock upon initial public offering 4,229 0 0
Stock-based compensation capitalized as software development costs 61 0 1
Changes in purchases of property, equipment and software recorded in accounts payable and accrued liabilities 52 14 (4)
Changes in share repurchase commitment made in each period 0 (13) (44)
Financed construction projects 0 177 214
Capital and finance lease obligations 251 165 124
Deferred unpaid offering costs 0 4 0
Settlement of litigation through issuance of redeemable convertible preferred stock 0 250 0
Common stock issued in connection with acquisitions 9 93 0
Ownership interest in MLU B.V. received in connection with the disposition of Uber Russia/CIS operations 0 1,410 0
Grab debt security received in exchange for the sale of Southeast Asia operations $ 0 $ 2,275 $ 0