v3.22.0.1
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Purchase Price Allocation
The acquisition date fair value of the consideration transferred for Careem was $3.0 billion, which consisted of the following (in millions):
Fair Value
Cash paid on January 2, 2020
$1,326 
Non-interest bearing unsecured convertible notes
1,634 
Transaction costs paid on January 2, 2020 on behalf of Careem
39 
Contingent cash consideration1 
Stock-based compensation awards attributable to pre-combination services3 
Total consideration$3,003 
The acquisition date fair value of the consideration transferred for CS-Global was $362 million, which consisted of the following (in millions):
Fair Value
Initial Cornershop Investment$50 
Notes receivable10 
Cash paid253 
Tender offer paid in Uber common stock67 
Total consideration transferred380 
Less: CS-Mexico Put/Call(18)
Total consideration$362 
The acquisition date fair value of the consideration transferred for Postmates was approximately $3.9 billion, which consisted of the following (in millions):
Fair Value
Uber common stock transferred$3,494 
Note receivable100 
Stock-based compensation awards attributable to pre-combination services308 
Total consideration$3,902 
The acquisition date fair value of the consideration transferred for Drizly was approximately $943 million, which consisted of the following (in millions):
Fair Value
Common stock issued$881 
Cash42 
Stock-based compensation awards attributable to pre-combination services20 
Total consideration$943 
Fair Value of Assets Acquired and Liabilities Assumed
The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (in millions):
Fair Value
Current assets$43 
Goodwill2,483 
Intangible assets540 
Other long-term assets77 
Total assets acquired3,143 
Current liabilities(108)
Deferred tax liability(13)
Other long-term liabilities(19)
Total liabilities assumed(140)
Net assets acquired$3,003 
The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (in millions):
Fair Value
Current assets$204 
Goodwill384 
Intangible assets122 
Other long-term assets11 
Total assets acquired721 
Current liabilities(34)
Deferred tax liability(33)
Other long-term liabilities(2)
Total liabilities assumed(69)
Less: Redeemable non-controlling interests(290)
Net assets acquired$362 
The following table summarizes the fair value of assets acquired and liabilities assumed as of the date of acquisition (in millions):
Fair Value
Cash and cash equivalents$52 
Other current assets58 
Goodwill3,330 
Intangible assets1,015 
Other long-term assets57 
Total assets acquired4,512 
Accounts payable(109)
Accrued and other current liabilities(458)
Deferred tax liability(9)
Other long-term liabilities(34)
Total liabilities assumed(610)
Net assets acquired$3,902 
The following table summarizes the preliminary fair value of assets acquired and liabilities assumed as of the date of acquisition (in millions):
Fair Value
Current assets$50 
Goodwill619 
Intangible assets395 
Other long-term assets7 
Total assets acquired1,071 
Current liabilities(44)
Deferred tax liability(79)
Non-current liabilities(5)
Total liabilities assumed(128)
Net assets acquired$943 
The following table summarizes the preliminary fair value of assets acquired and liabilities assumed as of the date of acquisition (in millions):
Fair Value
Cash and cash equivalents$29 
Accounts receivable, net
899 
Prepaid expenses and other current assets
23 
Property and equipment, net
44 
Operating lease right-of-use assets
57 
Intangible assets, net
902 
Goodwill1,438 
Other assets
3 
Total assets acquired3,395 
Accounts payable
(516)
Operating lease liabilities, current
(7)
Accrued and other current liabilities
(363)
Operating lease liabilities, non-current(66)
Deferred tax liability(163)
Other long-term liabilities
(1)
Total liabilities assumed(1,116)
Net assets acquired$2,279 
Identifiable Intangible Assets Acquired and Estimated Useful Lives
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except years):
Fair ValueWeighted Average Remaining Useful Life - Years
Rider relationships$270 15
Captains network40 1
Developed technology110 4
Trade names120 10
Total$540 
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except years):
Fair ValueWeighted Average Remaining Useful Life - Years
Vendor relationship$20 15
Shopper relationship1 1
Customer relationship14 5
Developed technology58 4
Trade names29 5
Total$122 
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except years):
Fair ValueWeighted Average Remaining Useful Life - Years
Merchant relationship$260 7
Fleet relationship110 1.5
Consumer relationship280 5
Developed technology280 2
Trade names30 3
IPR&D55 N/A
Total$1,015 
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except years):
Fair ValueWeighted Average Remaining Useful Life - Years
Consumer relationship$60 5
Retailer relationship90 10
Advertiser relationship140 12
Developed technology75 3
Trade names30 6
Total$395 
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in millions, except years):
Fair ValueWeighted Average Remaining Useful Life - Years
Consumer relationships$530 12
Developed technology
363 7
Trade names9 2
Total$902 
Pro Forma Information The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the consolidated business had the acquisitions actually occurred at the beginning of applicable comparable prior reporting period or of the results of our future operations of the consolidated business.
Year Ended December 31,
(In millions)20202021
(Unaudited)
Revenue$15,158 $21,764 
Net loss including non-controlling interests(7,342)(700)