Uber S-1
sec.gov
Uber S-1
1–10 of 559 posts
Re: Uber S-1
#2As always, the most interesting place to start is "Risks to our business": https://www.sec.gov/Archives/edgar/data/1543151/000119312519...
Re: Uber S-1
#3As always, the most interesting place to start is "Risks to our business": https://www.sec.gov/Archives/edgar/data/1543151/000119312519...
"Our business would be adversely affected if Drivers were classified as employees instead of independent contractors."
They're upfront about it at the least.
Re: Uber S-1
#4As always, the most interesting place to start is "Risks to our business": https://www.sec.gov/Archives/edgar/data/1543151/000119312519...
"We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability."
Re: Uber S-1
#5As always, the most interesting place to start is "Risks to our business": https://www.sec.gov/Archives/edgar/data/1543151/000119312519...
"Our business would be adversely affected if Drivers were classified as employees instead of independent contractors." They're upfront about it at the least.
Yeah the SEC force them to be brutally honest.
"We have previously received a high degree of negative media coverage around the world, which has adversely affected our brand and reputation and fueled distrust of our company. In 2017, the #DeleteUber campaign prompted hundreds of thousands of consumers to stop using our platform within days. Subsequently, our reputation was further harmed when an employee published a blog post alleging, among other things, that we had a toxic culture and that certain sexual harassment and discriminatory practices occurred in our workplace. Shortly thereafter, we had a number of highly publicized events and allegations, including investigations related to a software tool allegedly designed to evade and deceive authorities, a high-profile lawsuit filed against us by Waymo, and our disclosure of a data security breach."
Re: Uber S-1
#6Wow, we're finally seeing all of these exact charts and figures that have been secret for so long. The easily digestible charts start on page 98.
Re: Uber S-1
#7As always, the most interesting place to start is "Risks to our business": https://www.sec.gov/Archives/edgar/data/1543151/000119312519...
"We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability."
[deleted]
Re: Uber S-1
#8"We do the right thing. Period."
Re: Uber S-1
#9As always, the most interesting place to start is "Risks to our business": https://www.sec.gov/Archives/edgar/data/1543151/000119312519...
"We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability."
"We have incurred significant losses since inception and may never achieve profitability" is pretty standard in S-1s. Nothing particularly interesting in these sentences.
Re: Uber S-1
#10Note:
- Expected to be teh largest IPO this year in the US.
- 10th largest all time
- trying to raise around $10B
- 2018 Year Ended Revenue $11.27 billion
- 2018 Year Ended Net Income $997 million
- 2017 Year End lost $4.03 billion.
- 10 billion trips in September 2018, up from 5 billion in September 2017
- Gross Bookings From Ridesharing $41.5 billion in 2018
- Revenue From Ridesharing Products $9.2 Billion in 2018
- List under UBER, good ticker!!
- 29 banks listed as underwriting the IPO, for those of you wondering, yes that is alot. Like 20+ more than a typical IPO.
From Bloomberg:
- 2018, Uber's operating loss totaled $3.03 billion, however it technically turned a profit in 2018, generating $997 million in net income. That's thanks to a $5 billion "other income" benefit.
Other Income is defined as:
- Interest income, which consists primarily of interest earned on our cash and cash equivalents and restricted cash and cash equivalents.
- Gain on divestitures, which consists of gain on sale of divested operations.
- Unrealized gain on investments, which consists primarily of gains from fair value adjustments relating to our investments such as our investment in Didi.
- Foreign currency exchange gains (losses), net, which consist primarily of remeasurement of transactions and monetary assets and liabilities denominated in currencies other than the functional currency at the end of the period.
- Change in fair value of embedded derivatives, which consists primarily of gains and losses on embedded derivatives related to our Convertible Notes.
- Other, which consists primarily of changes in the fair value of warrants and income from forfeitures of warrants.
- Lyft now at $61/share, ouch, there just is no other way to put it. THey pulled a lot of financial engineering tricks to boost their IPO price and well the results speak for themselves:(
Biggest Surprise to me:
- Uber Eats comes in at $165 million for Q4, for comparison Ride sharing generated a total of $2.5B in net revenue, the rest being ride sharing.
- So Uber is not really all that diversified in terms of ride sharing vs other, they are essentially Lyft in more markets.