XML 51 R34.htm IDEA: XBRL DOCUMENT

Supplemental Financial Statement Information (Tables)

6 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of December 31, 2019 and June 30, 2020 were as follows (in millions):


	As of
	December 31, 2019		June 30, 2020
Prepaid expenses	$	571	$	422
Other receivables	428		433
Other	300		293
Prepaid expenses and other current assets	$	1,299	$	1,148

Schedule of Accrued and Other Current Liabilities

Accrued and other current liabilities as of December 31, 2019 and June 30, 2020 were as follows (in millions):


	As of
	December 31, 2019		June 30, 2020
Accrued legal, regulatory and non-income taxes	$	1,539	$	1,616
Accrued Drivers and Merchants liability	369		327
Accrued professional and contractor services	352		213
Accrued compensation and employee benefits	403		331
Accrued marketing expenses	114		63
Other accrued expenses	361		331
Commitment to issue unsecured convertible notes in connection with Careem acquisition ⁽¹⁾	—		468
Income and other tax liabilities	194		152
Government and airport fees payable	162		71
Short-term finance lease obligation for computer equipment	165		166
Accrued interest on long-term debt	93		103
Short-term deferred revenue	76		78
Other	222		283
Accrued and other current liabilities	$	4,050	$	4,202

⁽¹⁾ Refer to Note 16 – Business Combination for further information regarding the Careem acquisition.

Other Long-Term Liabilities

Other long-term liabilities as of December 31, 2019 and June 30, 2020 were as follows (in millions):


	As of
	December 31, 2019		June 30, 2020
Deferred tax liabilities	$	1,027	$	752
Commitment to issue unsecured convertible notes in connection with Careem acquisition ⁽¹⁾	—		300
Financing obligation	78		77
Income tax liabilities	70		84
Other	237		238
Other long-term liabilities	$	1,412	$	1,451

⁽¹⁾ Refer to Note 16 – Business Combination for further information regarding the Careem acquisition.

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in composition of accumulated other comprehensive income (loss), net of tax, for the six months ended June 30, 2019 and 2020 were as follows (in millions):


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2018	$	(228)	$	40	$	(188)
Other comprehensive income before reclassifications	17		4		21
Amounts reclassified from accumulated other comprehensive income	—		—		—
Other comprehensive income	17		4		21
Balance as of June 30, 2019	$	(211)	$	44	$	(167)


	Foreign Currency Translation Adjustments		Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2019	$	(231)	$	44	$	(187)
Other comprehensive loss before reclassifications ⁽¹⁾	(405)		(52)		(457)
Amounts reclassified from accumulated other comprehensive loss	—		—		—
Other comprehensive loss	(405)		(52)		(457)
Balance as of June 30, 2020	$	(636)	$	(8)	$	(644)

⁽¹⁾ During the six months ended June 30, 2020, other comprehensive loss before reclassifications includes an unrealized loss of $57 million relating to the Company's investment in Grab for which a credit loss was recorded during the first quarter of 2020. Refer to Note 3 – Investments and Fair Value Measurement for further information.

Other Income (Expense), Net

The components of other income (expense), net, for the three and six months ended June 30, 2019 and 2020 were as follows (in millions):


	Three Months Ended June 30,						Six Months Ended June 30,
	2019		2020		2019		2020
Interest income	$	64	$	6	$	108	$	44
Foreign currency exchange losses, net	(7)		(29)		(8)		(57)
Gain (loss) on business divestitures, net ⁽¹⁾	—		(27)		—		127
Unrealized gain (loss) on debt and equity securities, net ⁽²⁾	(2)		(2)		14		(116)
Impairment of debt and equity securities ⁽³⁾	—		13		—		(1,850)
Change in fair value of embedded derivatives	(117)		—		58		—
Gain on extinguishment of convertible notes and settlement of derivatives ⁽⁴⁾	444		—		444		—
Other	16		(5)		42		13
Other income (expense), net	$	398	$	(44)	$	658	$	(1,839)

⁽¹⁾During the six months ended June 30, 2020, gain (loss) on business divestitures, net primarily represents a $154 million gain on the sale of the Company's Uber Eats India operations to Zomato Media Private Limited (“Zomato”) recognized in the first quarter of 2020. Refer to Note 17 – Divestitures for further information.

⁽²⁾During the three and six months ended June 30, 2019 and 2020, the Company recorded changes to the fair value of investments in securities accounted for under the fair value option.

⁽³⁾During the six months ended June 30, 2020, the Company recorded an impairment charge of $1.9 billion, primarily related to its investment in Didi and an allowance for credit loss recorded on its investment in Grab recognized in the first quarter of 2020. Refer to Note 3 – Investments and Fair Value Measurement for further information.

⁽⁴⁾During the three and six months ended June 30, 2019, the Company recognized a $444 million gain on extinguishment of its 2021 and 2022 convertible notes and settlement of derivatives in connection with the Company’s IPO, recognized during the second quarter of 2019. Refer to Note 9 – Stockholders' Equity for additional information regarding the Company’s IPO.