UBER TECHNOLOGIES, INC, 10-Q filed on 5/6/2021
Quarterly Report
v3.21.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2021
May 03, 2021
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2021  
Document Transition Report false  
Entity File Number 001-38902  
Entity Registrant Name UBER TECHNOLOGIES, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 45-2647441  
Entity Address, Address Line One 1515 3rd Street  
Entity Address, City or Town San Francisco  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94158  
City Area Code 415  
Local Phone Number 612-8582  
Title of 12(b) Security Common Stock, par value $0.00001 per share  
Trading Symbol UBER  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   1,871,760,070
Entity Central Index Key 0001543151  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2021  
Document Fiscal Period Focus Q1  
Entity Filer Category Large Accelerated Filer  
v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 4,836 $ 5,647
Short-term investments 819 1,180
Restricted cash and cash equivalents 247 250
Accounts receivable, net of allowance of $55 and $57, respectively 1,075 1,073
Prepaid expenses and other current assets 1,318 1,215
Assets held for sale 0 517
Total current assets 8,295 9,882
Restricted cash and cash equivalents 1,524 1,494
Collateral held by insurer 752 860
Investments (including amortized cost of debt securities of $2,281 and $2,281) 11,794 9,052
Equity method investments 1,127 1,079
Property and equipment, net 1,757 1,814
Operating lease right-of-use assets 1,267 1,274
Intangible assets, net 1,455 1,564
Goodwill 6,352 6,109
Other assets 332 124
Total assets 34,655 33,252
Liabilities, redeemable non-controlling interests and equity    
Accounts payable 232 235
Short-term insurance reserves 1,216 1,243
Operating lease liabilities, current 171 175
Accrued and other current liabilities 5,669 5,112
Liabilities held for sale 0 100
Total current liabilities 7,288 6,865
Long-term insurance reserves 2,224 2,223
Long-term debt, net of current portion 7,801 7,560
Operating lease liabilities, non-current 1,531 1,544
Other long-term liabilities 1,740 1,306
Total liabilities 20,584 19,498
Commitments and contingencies (Note 12)
Redeemable non-controlling interests 473 787
Equity    
Common stock, $0.00001 par value, 5,000,000 shares authorized for both periods, 1,849,794 and 1,867,369 shares issued and outstanding, respectively 0 0
Additional paid-in capital 36,182 35,931
Accumulated other comprehensive income (loss) 654 (535)
Accumulated deficit (23,238) (23,130)
Total Uber Technologies, Inc. stockholders' equity 13,598 12,266
Non-redeemable non-controlling interests 0 701
Total equity 13,598 12,967
Total liabilities, redeemable non-controlling interests and equity $ 34,655 $ 33,252
v3.21.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Statement of Financial Position [Abstract]    
Accounts receivable, allowance $ 57 $ 55
Investment amortized cost $ 2,281 $ 2,281
Common stock, par value (in dollars per share) $ 0.00001 $ 0.00001
Common stock, authorized (in shares) 5,000,000,000 5,000,000,000
Common stock, issued (in shares) 1,867,369,000 1,849,794,000
Common Stock, outstanding (in shares) 1,867,369,000 1,849,794,000
v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue $ 2,903 $ 3,248
Costs and expenses    
Cost of revenue, exclusive of depreciation and amortization shown separately below 1,710 1,491
Operations and support 423 503
Sales and marketing 1,103 885
Research and development 515 645
General and administrative 464 859
Depreciation and amortization 212 128
Total costs and expenses 4,427 4,511
Loss from operations (1,524) (1,263)
Interest expense (115) (118)
Other income (expense), net 1,710 (1,795)
Income (loss) before income taxes and loss from equity method investments 71 (3,176)
Provision for (benefit from) income taxes 185 (242)
Loss from equity method investments (8) (12)
Net loss including non-controlling interests (122) (2,946)
Less: net loss attributable to non-controlling interests, net of tax (14) (10)
Net loss attributable to Uber Technologies, Inc. $ (108) $ (2,936)
Net loss per share attributable to Uber Technologies, Inc. common stockholders:    
Basic (in dollars per share) $ (0.06) $ (1.70)
Diluted (in dollars per share) $ (0.06) $ (1.70)
Weighted-average shares used to compute net loss per share attributable to common stockholders:    
Basic (in shares) 1,858,525 1,724,367
Diluted (in shares) 1,858,525 1,724,367
v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Statement of Comprehensive Income [Abstract]    
Net loss including non-controlling interests $ (122) $ (2,946)
Other comprehensive income (loss), net of tax:    
Change in foreign currency translation adjustment 33 (148)
Change in unrealized gain (loss) on investments in available-for-sale securities 1,156 (60)
Other comprehensive income (loss), net of tax 1,189 (208)
Comprehensive income (loss) including non-controlling interests 1,067 (3,154)
Less: comprehensive loss attributable to non-controlling interests (14) (10)
Comprehensive income (loss) attributable to Uber Technologies, Inc. $ 1,081 $ (3,144)
v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE NON-CONTROLLING INTERESTS AND EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Redeemable Non-Controlling Interests
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Non-Redeemable Non-Controlling Interests
Beginning Balance at Dec. 31, 2019   $ 311          
Increase (Decrease) in Temporary Equity [Roll Forward]              
Distributions to non-controlling interests $ (4) (3)         $ (4)
Net loss   (18)          
Ending Balance at Mar. 31, 2020   290          
Beginning balance at Dec. 31, 2019 14,872   $ 0 $ 30,739 $ (187) $ (16,362) 682
Beginning balance (in shares) at Dec. 31, 2019     1,716,681        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Reclassification of the equity component of 2025 Convertible Notes to liability upon adoption of ASU 2020-06 (243)     (243)      
Exercise of stock options 14     14      
Exercise of stock options (in shares)     4,359        
Stock-based compensation 285     285      
Issuance of common stock for settlement of RSUs (in shares)     8,917        
Shares withheld related to net share settlement (3)     (3)      
Shares withheld related to net share settlement (in shares)     (107)        
Unrealized gain (loss) on investments in available-for-sale securities, net of tax (60)       (60)    
Foreign currency translation adjustment (148)       (148)    
Distributions to non-controlling interests (4) (3)         (4)
Net loss (2,928)         (2,936)  
Net loss             8
Ending balance (in shares) at Mar. 31, 2020     1,729,850        
Ending balance at Mar. 31, 2020 12,028   $ 0 31,035 (395) (19,298) 686
Beginning Balance at Dec. 31, 2019   311          
Ending Balance at Dec. 31, 2020   787          
Beginning balance at Dec. 31, 2019 $ 14,872   $ 0 30,739 (187) (16,362) 682
Beginning balance (in shares) at Dec. 31, 2019     1,716,681        
Ending balance (in shares) at Dec. 31, 2020 1,849,794   1,849,794        
Ending balance at Dec. 31, 2020 $ 12,967   $ 0 35,931 (535) (23,130) 701
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Accounting Standards Update [Extensible List] uber:AccountingStandardsUpdate202006Member            
Recognition of non-controlling interest on acquisition   56          
Derecognition of non-controlling interests upon divestiture $ (701) (356)         (701)
Net loss   (14)          
Ending Balance at Mar. 31, 2021   473          
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options 35     35      
Exercise of stock options (in shares)     3,518        
Stock-based compensation 287     287      
Issuance of common stock for settlement of Careem Convertible Notes 158     158      
Issuance of common stock for settlement of Careem Convertible Notes (in shares)     2,872        
Issuance of common stock as consideration for acquisitions 28     28      
Issuance of common stock as consideration for acquisitions (in shares)     505        
Issuance of common stock for settlement of RSUs (in shares)     10,924        
Shares withheld related to net share settlement (14)     (14)      
Shares withheld related to net share settlement (in shares)     (244)        
Derecognition of non-controlling interests upon divestiture (701) $ (356)         (701)
Unrealized gain (loss) on investments in available-for-sale securities, net of tax 1,156       1,156    
Foreign currency translation adjustment 33       33    
Net loss $ (108)         (108)  
Net loss             0
Ending balance (in shares) at Mar. 31, 2021 1,867,369   1,867,369        
Ending balance at Mar. 31, 2021 $ 13,598   $ 0 $ 36,182 $ 654 $ (23,238) $ 0
v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss including non-controlling interests $ (122) $ (2,946)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 212 128
Bad debt expense 23 22
Stock-based compensation 281 277
Gain on business divestitures (1,684) (154)
Deferred income taxes 120 (273)
Loss from equity method investments, net 8 12
Unrealized (gain) loss on debt and equity securities, net (63) 114
Impairment of debt and equity securities 0 1,863
Impairments of goodwill, long-lived assets and other assets 16 193
Unrealized foreign currency transactions 13 7
Other 65 10
Change in assets and liabilities, net of impact of business acquisitions and disposals:    
Accounts receivable (35) 444
Prepaid expenses and other assets (67) 29
Collateral held by insurer 108 92
Operating lease right-of-use assets 38 57
Accounts payable (3) (46)
Accrued insurance reserves (27) 77
Accrued expenses and other liabilities 556 (320)
Operating lease liabilities (50) (49)
Net cash used in operating activities (611) (463)
Cash flows from investing activities    
Purchases of property and equipment (71) (198)
Purchases of marketable securities (336) (493)
Purchases of non-marketable equity securities (803) (10)
Purchase of note receivable (216) 0
Proceeds from maturities and sales of marketable securities 696 100
Proceeds from sale of non-marketable equity securities 500 0
Acquisition of businesses, net of cash acquired (28) (1,346)
Return of capital from equity method investee 0 91
Other investing activities 8 0
Net cash used in investing activities (250) (1,856)
Cash flows from financing activities    
Principal repayment on Careem Notes (194) 0
Principal payments on finance leases (47) (60)
Other financing activities 15 (3)
Net cash used in financing activities (226) (63)
Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents (46) (156)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents (1,133) (2,538)
Cash and cash equivalents, and restricted cash and cash equivalents    
Reclassification from assets held for sale during the period 349 0
End of period 6,607 9,529
Reconciliation of cash and cash equivalents, and restricted cash and cash equivalents to the condensed consolidated balance sheets    
Cash and cash equivalents 4,836 8,165
Restricted cash and cash equivalents-current 247 193
Restricted cash and cash equivalents-non-current 1,524 1,171
Total cash and cash equivalents, and restricted cash and cash equivalents 6,607 9,529
Cash paid for:    
Interest, net of amount capitalized 84 91
Income taxes, net of refunds 22 36
Non-cash investing and financing activities:    
Ownership interest received in exchange for the divestitures 1,018 171
Conversion of convertible notes to common stock 158 0
Issuance of Careem Notes including the holdback amount $ 0 $ 1,634
v3.21.1
Description of Business and Summary of Significant Accounting Policies
 3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business and Summary of Significant Accounting Policies
Note 1 – Description of Business and Summary of Significant Accounting Policies
Description of Business
Uber Technologies, Inc. (“Uber,” “we,” “our,” or “us”) was incorporated in Delaware in July 2010, and is headquartered in San Francisco, California. Uber is a technology platform that uses a massive network, leading technology, operational excellence and product expertise to power movement from point A to point B. Uber develops and operates proprietary technology applications supporting a variety of offerings on its platform (“platform(s)” or “Platform(s)”). Uber connects consumers (“Rider(s)”) with independent providers of ride services (“Mobility Driver(s)”) for ridesharing services, and connects Riders and other consumers (“Eaters”) with restaurants, grocers and other stores (collectively, “Merchants”) with delivery service providers (“Delivery People”) for meal preparation, grocery and other delivery services. Riders and Eaters are collectively referred to as “end-user(s)” or “consumer(s).” Mobility Drivers and Delivery People are collectively referred to as “Driver(s).” Uber also connects consumers with public transportation networks. Uber uses this same network, technology, operational excellence and product expertise to connect shippers with carriers in the freight industry. Uber is also developing technologies that will provide new solutions to solve everyday problems.
Our technology is used around the world, principally in the United States (“U.S.”) and Canada, Latin America, Europe, the Middle East, Africa, and Asia (excluding China and Southeast Asia).
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The condensed consolidated balance sheet as of December 31, 2020 included herein was derived from the audited consolidated financial statements as of that date but does not include all of the information and notes required by GAAP for complete financial statements. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2020, included in our Annual Report on Form 10-K.
In the opinion of management, these financial statements include all adjustments, which are of a normal recurring nature, necessary for a fair statement of the financial position, results of operations, comprehensive loss, cash flows and the change in equity for the periods presented.
There have been no changes to our significant accounting policies described in the Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on March 1, 2021 that have had a material impact on our condensed consolidated financial statements and related notes, except for an update reflecting the new accounting standard related to debt with conversion and other options.
In March 2020, the World Health Organization declared the outbreak of the coronavirus disease COVID-19 (“COVID-19”) a pandemic. COVID-19 has rapidly impacted market and economic conditions globally. The evolving nature of COVID-19 pandemic and the extent of its impact across industries and geographies, including the duration and spread of the outbreak, continue to be uncertain and cannot be predicted. Therefore, the results of operations for the three months ended March 31, 2020 and 2021 may not be indicative of the results to be expected for subsequent quarters and the full fiscal year.
Basis of Consolidation
Our condensed consolidated financial statements include the accounts of Uber Technologies, Inc. and entities consolidated under the variable interest and voting models. All intercompany balances and transactions have been eliminated. Refer to Note 13 – Variable Interest Entities for further information.
Use of Estimates
The preparation of our unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions, which affect the reported amounts in the financial statements and accompanying notes. Estimates are based on historical experience, where applicable, and other assumptions which management believes are reasonable under the circumstances. On an ongoing basis, management evaluates estimates, including, but not limited to: the incremental borrowing rate (“IBR”) applied in lease accounting; fair values of investments and other financial instruments (including the measurement of credit or impairment losses); useful lives of amortizable long-lived assets; fair value of acquired intangible assets and related impairment assessments; impairment of goodwill; stock-based compensation; income taxes and non-income tax reserves; certain deferred tax assets and tax liabilities; insurance reserves; and other contingent liabilities. These estimates are inherently subject to judgment and actual results could differ from those estimates. The level of uncertainties and volatility in the global financial markets and economies resulting from the pandemic as well as the uncertainties related to the impact of the pandemic on us and our investees' operations and
financial performance means that these estimates may change in future periods, as new events occur and additional information is obtained.
Certain Significant Risks and Uncertainties - COVID-19
In an attempt to limit the spread of the virus, various governmental restrictions have been implemented, including business activities and travel restrictions, and “shelter-at-home” orders, that have had an adverse impact on our business and operations by reducing, in particular, the global demand for Mobility offerings. In light of the evolving nature of COVID-19 and the uncertainty it has produced around the world, it is not possible to predict the COVID-19 pandemic’s cumulative and ultimate impact on our future business operations, results of operations, financial position, liquidity, and cash flows. The extent of the impact of the pandemic on our business and financial results will depend largely on future developments, including the duration of the spread of the outbreak both globally and within the United States, including whether there will be further resurgences of COVID-19 in various regions, the distribution of vaccines in various regions, the impact on capital, foreign currencies exchange and financial markets, governmental or regulatory orders that impact our business and whether the impacts may result in permanent changes to our end-user’ behavior, all of which are highly uncertain and cannot be predicted.
Recently Adopted Accounting Pronouncements
In January 2020, the FASB issued ASU 2020-01, “Investments-Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815,” which clarifies the interaction of the accounting for equity investments under Topic 321 and investments accounted for under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. We adopted the new standard on January 1, 2021 on a prospective basis. The adoption of the new standard did not have a material impact on our condensed consolidated financial statements.
In August 2020, the FASB issued ASU 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity,” which reduced the number of models used to account for convertible instruments, amends the accounting for certain contracts in an entity’s own equity that would have previously been accounted for as derivatives and modifies the diluted earnings per share calculations for convertible instruments. We early adopted the new standard on January 1, 2021 on a modified retrospective basis. Refer to Note 6 – Long-Term Debt and Revolving Credit Arrangements for the impact of adoption on our 2025 Convertible Notes and Note 10 – Net Income (Loss) Per Share for the impact on our earnings per share calculation.
Recently Issued Accounting Pronouncements Not Yet Adopted
In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” which provides optional expedients and exceptions to contract modifications and hedging relationships that reference LIBOR or another reference rate expected to be discontinued. The standard is effective upon issuance through December 31, 2022 and may be applied at the beginning of the interim period that includes March 12, 2020 or any date thereafter. We are currently evaluating the impact of this accounting standard update on our consolidated financial statements.
v3.21.1
Revenue
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue
Note 2 – Revenue
The following tables present our revenues disaggregated by offering and geographical region. Revenue by geographical region is based on where the transaction occurred. This level of disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors (in millions):
Three Months Ended March 31,
20202021
Mobility revenue$2,467 $853 
Delivery revenue527 1,741 
Freight revenue199 301 
All Other revenue55 8 
Total revenue$3,248 $2,903 
Three Months Ended March 31,
20202021
United States and Canada$2,075 $1,849 
Latin America ("LatAm")478 302 
Europe, Middle East and Africa ("EMEA")473 225 
Asia Pacific ("APAC")222 527 
Total revenue$3,248 $2,903 
Revenue from Contracts with Customers
Mobility Revenue
We derive revenue primarily from fees paid by Mobility Drivers for the use of our platform(s) and related service to facilitate and complete Mobility transactions.
In certain markets, we charge end-users a fee for connection services obtained via the platform. We recognized total revenue $149 million and $45 million associated with these fees for the three months ended March 31, 2020 and 2021, respectively.
Mobility revenue also includes immaterial revenue streams such as our Uber for Business (“U4B”) and financial partnerships products.
Delivery Revenue
We derive revenue for Delivery from Merchants’ and Delivery People’s use of the Delivery platform and related service to facilitate and complete Delivery transactions.
Additionally, in certain markets where we are responsible for delivery services, delivery fees charged to end-users are also included in revenue, while payments to Delivery People in exchange for delivery services are recognized in cost of revenue. In these markets, we recognized revenue from end-users of $1 million and $88 million for the three months ended March 31, 2020 and 2021, respectively, and cost of revenue, exclusive of depreciation and amortization of $54 million and $339 million for the three months ended March 31, 2020 and 2021, respectively, for these delivery transactions.
Freight Revenue
Freight revenue consists of revenue from freight transportation services provided to shippers.
All Other Revenue
All Other revenue primarily includes collaboration revenue related to our Advanced Technologies Group (“ATG”) business and revenue from our New Mobility offerings and products.
ATG collaboration revenue was related to a three-year joint collaboration agreement we entered into in 2019. During the first quarter of 2021, we completed the sale of Apparate USA LLC (“Apparate” or the “ATG Business”) to Aurora Innovation, Inc. (“Aurora”). Refer to Note 16 – Divestiture for further information.
New Mobility offerings and products provided users access to rides through a variety of modes, including dockless e-bikes and e-scooters (“New Mobility”), platform incubator group offerings and other immaterial revenue streams. After the JUMP divestiture during the second quarter of 2020, revenue from New Mobility products, including dockless e-bikes, were no longer material.
Contract Balances and Remaining Performance Obligation
Contract liabilities represents consideration collected prior to satisfying the performance obligations. As of March 31, 2021, we had $220 million of contract liabilities included in accrued and other current liabilities as well as other long-term liabilities on the condensed consolidated balance sheet. Revenue recognized from these contracts during the three months ended March 31, 2020 and 2021 was not material.
Our remaining performance obligation is expected to be recognized as follows (in millions):
Less Than or
Equal To 12 Months		Greater Than
12 Months		Total
As of March 31, 2021
$67 $153 $220 
v3.21.1
Investments and Fair Value Measurement
 3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Investments and Fair Value Measurement
Note 3 – Investments and Fair Value Measurement
Investments
Our investments on the condensed consolidated balance sheets consisted of the following (in millions):
As of
December 31, 2020March 31, 2021
Classified as short-term investments:
Marketable debt securities (1):
Commercial paper$457 $338 
U.S. government and agency securities429 322 
Corporate bonds294 159 
Short-term investments$1,180 $819 
Classified as investments:
Non-marketable equity securities:
Didi$6,299 $5,876 
Aurora (2)
— 1,677 
Other (3)
329 569 
Non-marketable debt securities:
Grab (4)
2,341 3,591 
Note receivable from a related party83 81 
Investments$9,052 $11,794 
(1) Excluding marketable debt securities classified as cash equivalents and restricted cash equivalents.
(2) For further information, see the section titled “Aurora Investments” below and Note 16 – Divestiture.
(3) These balances include certain investments recorded at fair value with changes in fair value recorded in earnings due to the election of the fair value option of accounting for financial instruments.
(4) Recorded at fair value with changes in fair value recorded in other comprehensive income (loss), net of tax, unless subject to credit loss.
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents our financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in millions):
As of December 31, 2020As of March 31, 2021
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Financial Assets
Money market funds$2,386 $— $— $2,386 $2,155 $— $— $2,155 
Commercial paper— 611 — 611 — 440 — 440 
U.S. government and agency securities— 542 — 542 — 322 — 322 
Corporate bonds— 323 — 323 — 181 — 181 
Non-marketable debt securities— — 2,341 2,341 — — 3,591 3,591 
Non-marketable equity securities— — 52 52 — — 1,723 1,723 
Note receivable from a related party— — 83 83 — — 81 81 
Total financial assets$2,386 $1,476 $2,476 $6,338 $2,155 $943 $5,395 $8,493 
During the three months ended March 31, 2021, we did not make any transfers between the levels of the fair value hierarchy.
The following table summarizes the amortized cost and fair value of our debt securities with a stated contractual maturity or redemption date (in millions):
 As of March 31, 2021
 Amortized CostFair Value
Within one year$931 $932 
One year through five years2,292 3,602 
Total$3,223 $4,534 
The following table summarizes the amortized cost, unrealized gains and losses, and fair value of our debt securities at fair value on a recurring basis (in millions):
 As of December 31, 2020As of March 31, 2021
 Amortized CostUnrealized GainsUnrealized LossesFair ValueAmortized CostUnrealized GainsUnrealized LossesFair Value
Commercial paper$611 $— $— $611 $440 $— $— $440 
U.S. government and agency securities542 — — 542 322 — — 322 
Corporate bonds322 1 — 323 180 1 — 181 
Non-marketable debt securities2,281 60 — 2,341 2,281 1,310 — 3,591 
Total$3,756 $61 $— $3,817 $3,223 $1,311 $— $4,534 
As of December 31, 2020 and March 31, 2021, there were no allowance for credit losses related to our available-for-sale debt securities.
We measure our cash equivalents and certain investments at fair value. Level 1 instrument valuations are based on quoted market prices of the identical underlying security. Level 2 instrument valuations are obtained from readily available pricing sources for comparable instruments, identical instruments in less active markets, or models using market observable inputs. Level 3 instrument valuations are valued based on unobservable inputs and other estimation techniques due to the absence of quoted market prices, inherent lack of liquidity and the long-term nature of such financial instruments.
As of December 31, 2020 and March 31, 2021, our Level 3 non-marketable debt securities and non-marketable equity securities primarily consist of common stock investments and preferred stock investments in privately held companies without readily determinable fair values.
Depending on the investee’s financing activity in a reporting period, management’s estimate of fair value may be primarily derived from the investee’s financing transactions, such as the issuance of preferred stock to new investors. The price in these transactions generally provides the best indication of the enterprise value of the investee. Additionally, based on the timing, volume, and other characteristics of the transaction, we may supplement this information by using other valuation techniques, including the guideline public company approach. The guideline public company approach relies on publicly available market data of comparable companies and uses comparative valuation multiples of the investee’s revenue (actual and forecasted), and therefore, unobservable input used in this valuation technique primarily consists of short-term revenue projections.
Once the fair value of the investee is estimated, an option-pricing model (“OPM”), a common stock equivalent (“CSE”) method or a hybrid approach is employed to allocate value to various classes of securities of the investee, including the class owned by us. The model involves making assumptions around the investees’ expected time to liquidity and volatility.
An increase or decrease in any of the unobservable inputs in isolation, such as the security price in a significant financing transaction of the investee, could result in a material increase or decrease in our estimate of fair value. Other unobservable inputs, including short-term revenue projections, time to liquidity, and volatility are less sensitive to the valuation in the respective reporting periods, as a result of the primary weighting on the investee’s financing transactions. In the future, depending on the weight of evidence and valuation approaches used, these or other inputs may have a more significant impact on our estimate of fair value.
We determine realized gains or losses on the sale of equity and debt securities on a specific identification method.
Grab Investment
To determine the fair value of our investment in Grab as of March 31, 2021, we utilized a hybrid approach, incorporating a CSE method along with an OPM. The CSE method assumes an if-converted scenario (for example an initial public offering (“IPO”) or a special purpose acquisition company transaction), where the OPM approach allocates equity value to individual securities within the investees’ capital structure based on contractual rights and preferences. As a result of the valuation performed, we recognized unrealized gains of $1.3 billion in other comprehensive income (loss), net of tax in our condensed consolidated statement of comprehensive income (loss) during the three months ended March 31, 2021.
The following table summarizes information about the significant unobservable inputs used in the fair value measurement for our Grab investment as of March 31, 2021:
Fair value methodRelative weightingKey unobservable inputs
OPM45%Transaction price per share$6.16
Volatility67%
Estimated time to liquidity1.5 years
CSE55%Discount rate25%
Estimated time to liquidity
0.5 - 1 years
Aurora Investments
On January 19, 2021, we completed the sale of our ATG Business to Aurora. As consideration for the sale of our ATG Business to Aurora, we received common stock in Aurora. Concurrently, we invested in Aurora in exchange for Aurora preferred stock. For further information, refer to Note 16 – Divestiture.
We hold one seat on Aurora’s board of directors and have the ability to hold a second seat, which, along with our common and preferred stock ownership (our “Aurora Investments”) generate significant influence. We elected to apply the fair value option to our Aurora common stock and preferred stock investments in order to provide consistency of accounting treatment to our Aurora Investments. The Aurora Investments are measured at fair value on a recurring basis with changes in fair value reflected in other income (expense), net, in the condensed consolidated statements of operations.
The fair value of the Aurora Investments as of March 31, 2021 of $1.7 billion was determined by referencing a recent financing transaction used as an input to an OPM. Other key unobservable inputs to the OPM were volatility of 65% and time to liquidity of 4.75 years.
Financial Assets Measured at Fair Value Using Level 3 Inputs
The following table presents a reconciliation of our financial assets measured and recorded at fair value on a recurring basis as of March 31, 2021, using significant unobservable inputs (Level 3) (in millions):
Non-marketable
Debt Securities		Non-marketable Equity SecurityNote Receivables
Balance as of December 31, 2020$2,341 $52 $83 
Total net gains (losses)
Included in earnings— (6)(2)
Included in other comprehensive income (loss)1,250 — — 
Purchases— 1,677 — 
Balance as of March 31, 2021$3,591 $1,723 $81 
Assets Measured at Fair Value on a Non-Recurring Basis
Non-Financial Assets
Our non-financial assets, such as goodwill, intangible assets and property and equipment are adjusted to fair value when an impairment charge is recognized. Such fair value measurements are based predominantly on Level 3 inputs.
Non-Marketable Equity Securities
Our non-marketable equity securities are investments in privately held companies without readily determinable fair values and primarily relate to our investments in Didi. The carrying value of our non-marketable equity securities are adjusted based on price changes from observable transactions of identical or similar securities of the same issuer (referred to as the measurement alternative) or for impairment. Any changes in carrying value are recorded within other income (expense), net in the condensed consolidated statements of operations. Non-marketable equity securities are classified within Level 3 in the fair value hierarchy because we estimate the fair value of these securities based on valuation methods, including the CSE and OPM methods, using the transaction price of similar securities issued by the investee adjusted for contractual rights and obligations of the securities we hold.
During the three months ended March 31, 2021, we completed the sale of $500 million of our Didi shares and realized immaterial gains from this transaction. Since this transaction qualified as an observable price change in orderly transactions for an identical or similar investment of the same issuer, we recorded immaterial unrealized gains from remeasurement of the carrying value of the remaining Didi shares based on the selling price of the shares in this transaction during the three months ended March 31, 2021.
We did not record any realized gains or losses for our non-marketable equity securities measured at fair value on a non-recurring basis during the three months ended March 31, 2020.
The following is a summary of unrealized gains and losses from remeasurement (referred to as upward or downward adjustments) recorded in other income (expense), net in the condensed consolidated statements of operations, and included as adjustments to the carrying value of non-marketable equity securities (in millions):
Three Months Ended March 31,
20202021
Upward adjustments$— $71 
Downward adjustments (including impairment)(1,690)— 
Total unrealized gain (loss) for non-marketable equity securities$(1,690)$71 
The following table summarizes the total carrying value of our non-marketable equity securities measured at fair value on a non-recurring basis held, including cumulative unrealized upward and downward adjustments made to the initial cost basis of the securities (in millions):
As of
December 31, 2020March 31, 2021
Initial cost basis$6,282 $6,060 
Upward adjustments1,984 1,900 
Downward adjustments (including impairment)(1,690)(1,561)
Total carrying value at the end of the period$6,576 $6,399 
v3.21.1
Leases
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Leases
Note 4 – Leases    
The components of our lease expense were as follows (in millions):
Three Months Ended March 31,
20202021
Lease cost
Finance lease cost:
      Amortization of assets$44 $52 
      Interest on lease liabilities4 4 
Operating lease cost95 77 
Short-term lease cost6 3 
Variable lease cost30 21 
Sublease income(1)— 
Total lease cost$178 $157 
We did not enter into nor commence any new material operating or finance leases during the three months ended March 31, 2021. The assumptions used to value leases for the periods presented were as follows:
As of
December 31, 2020March 31, 2021
Weighted-average remaining lease term
     Operating leases16 years16 years
     Finance leases2 years2 years
Weighted-average discount rate
     Operating leases7.0 %7.1 %
     Finance leases5.4 %5.3 %
Maturities of lease liabilities were as follows (in millions):
As of March 31, 2021
Operating LeasesFinance Leases
Remainder of 2021$142 $137 
2022309 110 
2023280 27 
2024237 1 
2025192 — 
Thereafter2,112 — 
Total undiscounted lease payments3,272 275 
Less: imputed interest(1,570)(14)
Total lease liabilities$1,702 $261 
As of March 31, 2021, we had additional operating leases and finance leases, primarily for corporate offices and servers, that have not yet commenced of $477 million and $3 million, respectively. These operating and finance leases will commence between fiscal years 2021 and 2023 with lease terms ranging from 3 to 11 years.
Leases
Note 4 – Leases    
The components of our lease expense were as follows (in millions):
Three Months Ended March 31,
20202021
Lease cost
Finance lease cost:
      Amortization of assets$44 $52 
      Interest on lease liabilities4 4 
Operating lease cost95 77 
Short-term lease cost6 3 
Variable lease cost30 21 
Sublease income(1)— 
Total lease cost$178 $157 
We did not enter into nor commence any new material operating or finance leases during the three months ended March 31, 2021. The assumptions used to value leases for the periods presented were as follows:
As of
December 31, 2020March 31, 2021
Weighted-average remaining lease term
     Operating leases16 years16 years
     Finance leases2 years2 years
Weighted-average discount rate
     Operating leases7.0 %7.1 %
     Finance leases5.4 %5.3 %
Maturities of lease liabilities were as follows (in millions):
As of March 31, 2021
Operating LeasesFinance Leases
Remainder of 2021$142 $137 
2022309 110 
2023280 27 
2024237 1 
2025192 — 
Thereafter2,112 — 
Total undiscounted lease payments3,272 275 
Less: imputed interest(1,570)(14)
Total lease liabilities$1,702 $261 
As of March 31, 2021, we had additional operating leases and finance leases, primarily for corporate offices and servers, that have not yet commenced of $477 million and $3 million, respectively. These operating and finance leases will commence between fiscal years 2021 and 2023 with lease terms ranging from 3 to 11 years.
v3.21.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Note 5 – Goodwill and Intangible Assets
Goodwill
The following table presents the changes in the carrying value of goodwill by reportable segment for the three months ended March 31, 2021 (in millions):
MobilityDeliveryFreightTotal Goodwill
Balance as of December 31, 2020$2,562 $3,547 $— $6,109 
Acquisitions— 61 — 61 
Measurement period adjustment (1)
— 170 — 170 
Foreign currency translation adjustment12 — — 12 
Balance as of March 31, 2021$2,574 $3,778 $— $6,352 
(1) Refer to Note 15 – Business Combinations.

Intangible Assets
The components of intangible assets, net as of December 31, 2020 and March 31, 2021 were as follows (in millions, except years):
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
December 31, 2020
Rider and Merchant relationships$1,007 $(81)$926 8
Developed technology529 (69)460 2
Trade names and trademarks183 (16)167 7
Patents15 (6)9 8
Other5 (3)2 0
Intangible assets$1,739 $(175)$1,564 
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
March 31, 2021
Rider and Merchant relationships$1,035 $(124)$911 7
Developed technology484 (111)373 2
Trade names and trademarks183 (23)160 6
Patents15 (6)9 8
Other5 (3)2 0
Intangible assets$1,722 $(267)$1,455 
Amortization expense for intangible assets subject to amortization was $28 million and $92 million for the three months ended March 31, 2020 and 2021, respectively.
The estimated aggregate future amortization expense for intangible assets subject to amortization as of March 31, 2021 is summarized below (in millions):
Estimated Future Amortization Expense
Year Ending December 31,
Remainder of 2021$316 
2022365 
2023206 
2024160 
202579 
Thereafter317 
Total$1,443 
v3.21.1
Long-Term Debt and Revolving Credit Arrangements
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Long-Term Debt and Revolving Credit Arrangements
Note 6 – Long-Term Debt and Revolving Credit Arrangements
Components of debt, including the associated effective interest rates and maturities were as follows (in millions, except for percentages):
As of
December 31, 2020March 31, 2021Effective Interest RatesMaturities
2016 Senior Secured Term Loan$1,101 $— — %—
2018 Senior Secured Term Loan1,463 — — %—
2025 Refinanced Term Loan— 1,459 3.8 %April 4, 2025
2027 Refinanced Term Loan— 1,098 3.8 %February 25, 2027
2025 Senior Note1,000 1,000 7.7 %May 15, 2025
2026 Senior Note1,500 1,500 8.1 %November 1, 2026
2027 Senior Note1,200 1,200 7.7 %September 15, 2027
2028 Senior Note500 500 7.0 %January 15, 2028
2025 Convertible Note1,150 1,150 0.2 %December 15, 2025
Total debt7,914 7,907 
Less: unamortized discount and issuance costs(327)(79)
Less: current portion of long-term debt(27)(27)
Total long-term debt$7,560 $7,801 
2016 and 2018 Senior Secured Term Loans Refinancing
On February 25, 2021, we entered into a refinancing transaction under which we borrowed $2.6 billion pursuant to an amendment to the 2016 Senior Secured Term Loan agreement, the proceeds of which were used to repay in full all previously outstanding loans under the 2016 Senior Secured Term Loan agreement and the 2018 Senior Secured Term Loan agreement. The $2.6 billion is comprised of (i) a $1.1 billion tranche with a maturity date of February 25, 2027, replacing the 2016 Senior Secured Term Loan as a Refinancing Term Loan (the “2027 Refinanced Term Loan”), and (ii) a $1.5 billion tranche with a maturity date of April 4, 2025,
replacing the 2018 Senior Secured Term Loan as an Incremental Term Loan (the “2025 Refinanced Term Loan”). The refinancing transaction qualified as a debt modification that did not result in an extinguishment.
The 2025 Refinanced Term Loan and the 2027 Refinanced Term Loan are guaranteed by certain of our material domestic restricted subsidiaries. The 2025 Refinanced Term Loan and the 2027 Refinanced Term Loan agreements contain customary covenants restricting our and certain of our subsidiaries’ ability to incur debt, incur liens and undergo certain fundamental changes. We were in compliance with all covenants as of March 31, 2021. The loan is secured by certain of our intellectual property and equity of certain material foreign subsidiaries.
The fair values of our 2025 Refinanced Term Loan and 2027 Refinanced Term Loan were $1.5 billion and $1.1 billion, respectively, as of March 31, 2021 and were determined based on quoted prices in markets that are not active, which is considered a Level 2 valuation input.
2025 Convertible Note
In December 2020, we issued $1.15 billion aggregate principal amount, including the exercise in full by the initial purchasers of the 2025 Convertible Notes of their option to purchase up to an additional $150 million principal amount of the 2025 Convertible Notes, of 0% convertible senior notes due in 2025 (the “2025 Convertible Notes”) in a private placement to qualified institutional buyers pursuant to Rule144A under the Securities Act. The 2025 Convertible Notes will mature on December 15, 2025, unless earlier converted, redeemed or repurchased.
Holders of the 2025 Convertible Notes may convert their notes at their option at any time prior to the close of business on the business day immediately preceding September 15, 2025 only under the following circumstances: (i) during any calendar quarter commencing after the calendar quarter ending on March 31, 2021 (and only during such calendar quarter), if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (ii) during the five business day period after any ten consecutive trading day period (the “measurement period”) in which the trading price (as defined below) per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our common stock and the conversion rate on each such trading day; (iii) if we call such notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the applicable redemption date; or (iv) upon the occurrence of specified corporate events. On or after September 15, 2025 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their notes at any time, regardless of the foregoing circumstances.
The initial conversion rate is 12.3701 shares of common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $80.84 per share of common stock. The conversion rate will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid special interest.
Upon conversion of the 2025 Convertible Notes, we will pay or deliver, as the case may be, cash, shares of our common stock or a combination of cash and shares of our common stock, at our election. We may not redeem the notes prior to December 20, 2023. We may redeem for cash all or any portion of the notes, at our option, on or after December 20, 2023 if the last reported sale price of our common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the redemption date.
The indenture governing the 2025 Convertible Notes does not contain any financial or operating covenants or restrictions on the payments of dividends, the incurrence of indebtedness or the issuance or repurchase of securities by us or any of our subsidiaries.
Prior to the adoption of ASU 2020-06, the proceeds from the issuance of the 2025 Convertible Notes were allocated between the conversion feature recorded as equity and the liability for the notes themselves. The difference of $243 million between the principal amount of the 2025 Convertible Notes and the liability component (the “debt discount”) was to be amortized to interest expense using the effective interest method over the term of the 2025 Convertible Notes. The equity component of the 2025 Convertible Notes was included in additional paid-in capital in the consolidated balance sheet as of December 31, 2020 and was not to be remeasured as long as it continued to meet the conditions for equity classification. To determine the fair value of the liability component of the 2025 Convertible Notes as of the pricing date, we used the binomial model with inputs of time to maturity, conversion ratio, our stock price, risk free rate and volatility.
Effective January 1, 2021, we early adopted ASU 2020-06 using the modified retrospective approach. The adoption of this standard resulted in a decrease to additional paid-in capital of $243 million and an increase to our 2025 Convertible Notes by the same amount. At adoption, there was no adjustment recorded to the opening accumulated deficit as the cumulative effect was immaterial. Interest expense recognized in future periods will be reduced as a result of accounting for the 2025 Convertible Notes as a single liability measured at its amortized cost.
The fair value of our 2025 Convertible Notes was $1.2 billion as of March 31, 2021 and was determined based on quoted prices in markets that are not active, which is considered a Level 2 valuation input.
Senior Notes
The 2025, 2026, 2027 and 2028 Senior Notes (collectively “Senior Notes”) are guaranteed by certain of our material domestic restricted subsidiaries. The indentures governing the Senior Notes contain customary covenants restricting our and certain of our subsidiaries’ ability to incur debt and incur liens, as well as certain financial covenants specified in the indentures. We were in compliance with all covenants as of March 31, 2021.
The following table presents the fair values of our Senior Notes as of March 31, 2021, and were determined based on quoted prices in markets that are not active, which is considered a Level 2 valuation input (in millions):
As of March 31, 2021
2025 Senior Note$1,079 
2026 Senior Note1,626 
2027 Senior Note1,326 
2028 Senior Note541 
Total$4,572 
The following table presents the amount of interest expense recognized relating to the contractual interest coupon and amortization of the debt discount and issuance costs with respect to our long term debt, for the three months ended March 31, 2020 and 2021 (in millions):
Three Months Ended March 31,
20202021
Contractual interest coupon$105 $111 
Amortization of debt discount and issuance costs3 7 
Total interest expense from long-term debt$108 $118 
Revolving Credit Arrangements
We have a revolving credit agreement initially entered in 2015 with certain lenders, which provides for $2.3 billion in credit maturing on June 13, 2023 (“Revolving Credit Facility”). The Revolving Credit Facility may be guaranteed by certain of our material domestic restricted subsidiaries based on certain conditions. The credit agreement contains customary covenants restricting our and certain of our subsidiaries’ ability to incur debt, incur liens, and undergo certain fundamental changes, as well as maintain a certain level of liquidity specified in the contractual agreement. The credit agreement also contains customary events of default. The Revolving Credit Facility also contains restrictions on the payment of dividends. As of March 31, 2021, there was no balance outstanding on the Revolving Credit Facility.
Letters of Credit
As of December 31, 2020 and March 31, 2021, we had letters of credit outstanding of $649 million and $680 million, respectively, of which the letters of credit that reduced the available credit under the Revolving Credit Facility were $233 million and $264 million, respectively.
v3.21.1
Supplemental Financial Statement Information
 3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Statement Information
Note 7 – Supplemental Financial Statement Information
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets were as follows (in millions):
As of
December 31, 2020March 31, 2021
Other receivables$464 $542 
Other751 776 
Prepaid expenses and other current assets$1,215 $1,318 
Accrued and Other Current Liabilities
Accrued and other current liabilities were as follows (in millions):
As of
December 31, 2020March 31, 2021
Accrued legal, regulatory and non-income taxes$1,811 $2,559 
Accrued Drivers and Merchants liability651 594 
Income and other tax liabilities203 238 
Other2,447 2,278 
Accrued and other current liabilities$5,112 $5,669 
Other Long-Term Liabilities
Other long-term liabilities were as follows (in millions):
As of
December 31, 2020March 31, 2021
Deferred tax liabilities$818 $1,023 
Other488 717 
Other long-term liabilities$1,306 $1,740 
Accumulated Other Comprehensive Income (Loss)
The changes in composition of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2020 and 2021 were as follows (in millions):
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2019$(231)$44 $(187)
Other comprehensive income (loss) before reclassifications(148)(60)(208)
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)(148)(60)(208)
Balance as of March 31, 2020$(379)$(16)$(395)
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2020$(581)$46 $(535)
Other comprehensive income (loss) before reclassifications33 1,156 1,189 
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)33 1,156 1,189 
Balance as of March 31, 2021$(548)$1,202 $654 
Other Income (Expense), Net
The components of other income (expense), net were as follows (in millions):
Three Months Ended March 31,
20202021
Interest income$38 $5 
Foreign currency exchange gains (losses), net(28)(25)
Gain on business divestitures (1)
154 1,684 
Unrealized gain (loss) on debt and equity securities, net (2)
(114)63 
Impairment of debt and equity securities (3)
(1,863)— 
Other, net18 (17)
Other income (expense), net$(1,795)$1,710 
(1) During the three months ended March 31, 2020, gain on business divestitures represents a $154 million gain on the sale of our Uber Eats India operations to Zomato Media Private Limited (“Zomato”). During the three months ended March 31, 2021, gain on business divestitures represents a $1.6 billion gain on the sale of our ATG Business to Aurora. Refer to Note 16 – Divestiture for further information.
(2) During the three months ended March 31, 2020 and 2021, we recorded changes to the fair value of investments in securities accounted for under the fair value option.
(3) During the three months ended March 31, 2020, we recorded an impairment charge of $1.9 billion, primarily related to our investment in Didi, and a $173 million allowance for credit loss recorded on our investment in Grab.
v3.21.1
Stockholder's Equity
 3 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Stockholder's Equity
Note 8 – Stockholders' Equity
Equity Compensation Plans
We maintain four equity compensation plans that provide for the issuance of shares of our common stock to our officers and other employees, directors, and consultants: the 2010 Stock Plan (the “2010 Plan”), the 2013 Equity Incentive Plan (the “2013 Plan”), the 2019 Equity Incentive Plan (the “2019 Plan”), and the 2019 Employee Stock Purchase Plan (the “ESPP”), which have all been approved by stockholders. Following our IPO in 2019, we have only issued awards under the 2019 Plan and the ESPP, and no additional awards will be granted under the 2010 and 2013 Plans. These plans provide for the issuance of incentive stock options (“ISOs”), nonqualified stock options (“NSOs”), stock appreciation rights (“SARs”), restricted stock, restricted stock units (“RSUs”), performance-based awards, and other awards (that are based in whole or in part by reference to our common stock).
Stock Option and SAR Activity
A summary of stock option and SAR activity for the three months ended March 31, 2021 is as follows (in millions, except share amounts which are reflected in thousands, per share amounts, and years):
SARs Outstanding Number of SARsOptions Outstanding Number of SharesWeighted-Average Exercise Price Per ShareWeighted-Average Remaining Contractual Life (in years)Aggregate Intrinsic Value
As of December 31, 2020229 28,734 $12.87 4.97$1,104 
Granted— 891 $14.68 
Exercised(21)(3,390)$10.57 
Canceled and forfeited(1)(162)$19.28 
As of March 31, 2021207 26,073 $13.19 4.26$1,086 
Vested and expected to vest as of March 31, 2021151 19,476 $8.57 3.57$902 
Exercisable as of March 31, 2021151 19,476 $8.57 3.57$902 
RSU Activity
The following table summarizes the activity related to our RSUs for the three months ended March 31, 2021 (in thousands, except per share amounts):
Number of SharesWeighted-Average
 Grant-Date Fair
 Value per Share
Unvested and outstanding as of December 31, 202083,736 $34.17 
Granted19,108 $59.44 
Vested(11,091)$34.75 
Canceled and forfeited(9,607)$34.64 
Unvested and outstanding as of March 31, 202182,146 $39.95 
Stock-Based Compensation Expense
Stock-based compensation expense is allocated based on the cost center to which the award holder belongs. The following table summarizes total stock-based compensation expense by function for the three months ended March 31, 2020 and 2021 (in millions):
Three Months Ended March 31,
20202021
Operations and support$25 $28 
Sales and marketing14 22 
Research and development167 133 
General and administrative71 98 
Total$277 $281 
As of March 31, 2021, there was $3.0 billion of unamortized compensation costs related to all unvested awards. The unamortized compensation costs are expected to be recognized over a weighted-average period of approximately 3.13 years.
The tax benefits recognized in the condensed consolidated statements of operations for stock-based compensation arrangements were not material during the three months ended March 31, 2020 and 2021, respectively.
v3.21.1
Income Taxes
 3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]  
Income Taxes
Note 9 – Income Taxes
We compute our quarterly income tax expense/(benefit) by using a forecasted annual effective tax rate and adjust for any discrete items arising during the quarter. We recorded an income tax expense/(benefit) of $(242) million and $185 million for the three months ended March 31, 2020 and 2021, respectively. During the three months ended March 31, 2020, the income tax benefit was primarily driven by the deferred U.S. tax impact of the impairment charges related to our investments in Didi and Grab, the deferred China tax impact of the impairment charge related to our investment in Didi, and to a lesser extent, the benefit of U.S. losses and current tax on foreign earnings. During the three months ended March 31, 2021, the income tax expense was primarily driven by current tax on foreign earnings, the deferred U.S. tax impact related to our investment in Aurora upon the sale of our ATG Business, offset by a partial benefit from U.S. losses. The primary differences between the effective tax rate and the federal statutory tax rate are due to the valuation allowance on our U.S. and Netherlands’ deferred tax assets, foreign tax rate differences, and deferred taxes related to our investment in Aurora upon the sale of our ATG Business. Refer to Note 16 - Divestiture for further information regarding the sale of our ATG Business.
During the three months ended March 31, 2021, the amount of gross unrecognized tax benefits increased by $112 million, of which approximately $52 million of unrecognized tax benefits, if recognized, would impact the effective tax rate. The remaining $60 million of unrecognized tax benefits would not impact the effective tax rate due to the valuation allowance against certain deferred tax assets.
We are subject to taxation in the U.S. and various state and foreign jurisdictions. We are also under routine examination by federal, various state and foreign tax authorities. We believe that adequate amounts have been reserved in these jurisdictions. To the extent we have tax attribute carryforwards, the tax years in which the attribute was generated may still be adjusted upon examination by the federal, state or foreign tax authorities to the extent utilized in a future period. For our major tax jurisdictions, the tax years 2002 through 2021 remain open; the major tax jurisdictions are the U.S., Brazil, Netherlands, and Australia.
Although the timing of the resolution and/or closure of audits is highly uncertain, we do not expect any material changes to our unrecognized tax benefits within the next 12 months. Given the number of years remaining subject to examination and the number of matters being examined, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax benefits.
In the event we experience an ownership change within the meaning of Section 382 of the Internal Revenue Code (“IRC”), our ability to utilize net operating losses, tax credits and other tax attributes may be limited. The most recent analysis of our historical ownership changes was completed through March 31, 2021. Based on the analysis, we do not anticipate a current limitation on the tax attributes.
v3.21.1
Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Note 10 – Net Income (Loss) Per Share
Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding for the periods presented. Diluted net loss per share is computed by giving effect to all potential weighted average dilutive common stock. The dilutive effect of outstanding awards and convertible securities is reflected in diluted net loss per share by application of the treasury stock method. Since we were in a loss position for the three months ended March 31, 2020 and 2021, basic net loss per share was the same as diluted net loss per share for the periods presented.
We take into account the effect on consolidated net loss per share of dilutive securities of entities in which we hold equity interests that are accounted for using the equity method.
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in millions, except share amounts which are reflected in thousands, and per share amounts):
Three Months Ended March 31,
20202021
Basic net loss per share:
Numerator
Net loss including non-controlling interests$(2,946)$(122)
Add: net loss attributable to non-controlling interests, net of tax(10)(14)
          Net loss attributable to common stockholders$(2,936)$(108)
Denominator
Basic weighted-average common stock outstanding1,724,367 1,858,525 
Basic net loss per share attributable to common stockholders (1)
$(1.70)$(0.06)
Diluted net loss per share:
Numerator
     Diluted net loss attributable to common stockholders$(2,936)$(108)
Denominator
     Diluted weighted-average common stock outstanding1,724,367 1,858,525 
Diluted net loss per share attributable to common stockholders (1)
$(1.70)$(0.06)
(1) Per share amounts are calculated using unrounded numbers and therefore may not recalculate.
Effective January 1, 2021, we early adopted ASU 2020-06 using the modified retrospective approach. Upon adoption, we use the if-converted method and presume share settlement for our 2025 Convertible Notes and our non-interest bearing unsecured convertible notes related to the acquisition of Careem (“Careem Notes”) when calculating the dilutive effect of these notes.
The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands):
As of March 31,
20202021
Freight Holdings contingently redeemable preferred stock— 13,586 
Convertible notes30,387 22,013 
RSUs115,206 82,146 
Stock options31,285 26,073 
Common stock subject to repurchase109 28 
RSUs to settle fixed monetary awards248 — 
Shares committed under ESPP5,452 2,084 
Warrants to purchase common stock126 126 
Total182,813 146,056 
v3.21.1
Segment Information and Geographic Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information and Geographic Information
Note 11 – Segment Information and Geographic Information
We determine our operating segments based on how the chief operating decision maker (“CODM”) manages the business, allocates resources, makes operating decisions and evaluates operating performance.
As of the first quarter of 2021, our three operating and reportable segments are as follows:
Segment
Description
MobilityMobility products connect consumers with Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Mobility also includes activity related to our U4B, Financial Partnerships, Transit and Vehicle Solutions offerings.
Delivery
Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, Delivery also includes offerings for grocery and convenience store delivery as well as select other goods.
Freight
Freight connects carriers with shippers on our platform, and gives carriers upfront, transparent pricing and the ability to book a shipment.
In January 2021, we sold our ATG Business to Aurora. Our ATG Business was included in the ATG and Other Technology Programs segment prior to this transaction. As a result of the sale, ATG and Other Technology Programs segment was no longer a reportable segment. Beginning in the first quarter of 2021, results of ATG and Other Technology Programs are included within All Other. Refer to Note 16 – Divestiture for further information regarding the sale of our ATG Business.
For information about how our reportable segments derive revenue, refer to Note 2 – Revenue. Our segment operating performance measure is segment adjusted EBITDA. The CODM does not evaluate operating segments using asset information and, accordingly, we do not report asset information by segment. Segment adjusted EBITDA is defined as revenue less the following expenses: cost of revenue, operations and support, sales and marketing, and general and administrative and research and development expenses associated with our segments. Segment adjusted EBITDA also excludes non-cash items or items that management does not believe are reflective of our ongoing core operations (as shown in the table below). The following table provides information about our segments and a reconciliation of the total segment adjusted EBITDA to loss from operations (in millions):
Three Months Ended March 31,
20202021
Segment adjusted EBITDA:
Mobility$581 $298 
Delivery(313)(200)
Freight(64)(29)
All Other (1)
(171)(11)
Total segment adjusted EBITDA33 58 
Reconciling items:
Corporate G&A and Platform R&D (2), (3)
(645)(417)
Depreciation and amortization(128)(212)
Stock-based compensation expense(277)(281)
Legal, tax, and regulatory reserve changes and settlements(19)(551)
Goodwill and asset impairments/loss on sale of assets(193)(57)
Acquisition, financing and divestitures related expenses(10)(36)
Accelerated lease costs related to cease-use of ROU assets— (2)
COVID-19 response initiatives(24)(26)
Loss from operations$(1,263)$(1,524)
(1) Includes ATG and Other Technology Programs and historical results of New Mobility.
(2) Excluding stock-based compensation expense.
(3) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.
Geographic Information
Revenue by geography is based on where the trip or shipment was completed or meal or grocery order delivered. The following table sets forth revenue by geographic area for the three months ended March 31, 2020 and 2021 (in millions):
Three Months Ended March 31,
20202021
United States$1,952 $1,683 
France134 391 
All other countries1,162 829 
Total revenue$3,248 $2,903 
Revenue grouped by offerings and geographical region is included in Note 2 – Revenue.
v3.21.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Note 12 – Commitments and Contingencies
Purchase Commitments
We have commitments for network and cloud services, background checks, and other items in the ordinary course of business with varying expiration terms through 2024. These amounts are determined based on the non-cancelable quantities or termination amounts to which we are contractually obligated.
As of March 31, 2021, there were no material changes to our purchase commitments disclosed in the financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2020.
Contingencies
From time to time, we are a party to various claims, non-income tax audits and litigation in the normal course of business. As of December 31, 2020 and March 31, 2021, we had recorded aggregate liabilities of $1.8 billion and $2.6 billion, respectively, of which $1.3 billion and $1.2 billion relate to non-income tax matters, respectively, in accrued and other current liabilities on the condensed consolidated balance sheets for all of our legal, regulatory and non-income tax matters that were probable and reasonably estimable.
We are currently party to various legal and regulatory matters that have arisen in the normal course of business and include, among others, alleged independent contractor misclassification claims, Fair Credit Reporting Act (“FCRA”) claims, alleged background check violations, pricing and advertising claims, unfair competition claims, intellectual property claims, employment discrimination and other employment-related claims, Telephone Consumer Protection Act (“TCPA”) claims, Americans with Disabilities Act (“ADA”) claims, data and privacy claims, securities claims, antitrust claims, challenges to regulations, and other matters. We have existing litigation, including class actions, Private Attorney General Act lawsuits, arbitration claims, and governmental administrative and audit proceedings, asserting claims by or on behalf of Drivers that Drivers are misclassified as independent contractors. In connection with the enactment of California State Assembly Bill 5 (“AB5”), we have received and expect to continue to receive - in California and in other jurisdictions - an increased number of misclassification claims. With respect to our outstanding legal and regulatory matters, based on our current knowledge, we believe that the ultimate amount or range of reasonably possible loss will not, either individually or in the aggregate, have a material adverse effect on our business, financial position, results of operations, or cash flows. The outcome of such legal matters is inherently unpredictable and subject to significant uncertainties. If one or more of these matters were resolved against us for amounts in excess of management's expectations, our results of operations, financial condition or cash flows could be materially adversely affected.
Driver Classification
California Attorney General Lawsuit
In January 2020, AB5 went into effect. AB5 codifies a test to determine whether a worker is an employee under California law. The test is referred to as the “ABC” test, and was originally handed down by the California Supreme Court in Dynamex Operations v. Superior Court in 2018. Under the ABC test, workers performing services for a hiring entity are considered employees unless the hiring entity can demonstrate three things: the worker (A) is free from the hiring entity’s control, (B) performs work that is outside the usual course of the hiring entity’s business, and (C) customarily engages in the independent trade, work or type of business performed for the hiring entity.
On May 5, 2020, the California Attorney General, in conjunction with the city attorneys for San Francisco, Los Angeles and San Diego, filed a complaint in San Francisco Superior Court against Uber and Lyft, Inc. (“Lyft”). The complaint alleges drivers are misclassified, and seeks an injunction and monetary damages related to the alleged competitive advantage caused by the alleged misclassification of drivers.
On August 10, 2020, the Court issued a preliminary injunction order prohibiting us from classifying drivers as independent contractors and from violating various wage and hour laws. The injunction was stayed pending appeal. On October 22, 2020, the Court of Appeal affirmed the lower court’s ruling, and we filed a petition for review of the decision with the California Supreme
Court. The petition was based upon the passage of Proposition 22 by California voters in November 2020, and requested that the Court of Appeal opinion be vacated because AB5’s application to Uber was superseded by Proposition 22.
Proposition 22 is a state ballot initiative that provides a framework for drivers that use platforms like ours to qualify as independent workers. As a result of the passage of Proposition 22, Drivers are able to maintain their status as independent contractors under California law, and we and our competitors are required to comply with the provisions of Proposition 22. Proposition 22 went into effect on December 16, 2020.
The California Supreme Court declined the petition for review on February 10, 2021. The lawsuit was returned to the trial court following the appellate proceedings on February 22, 2021. On April 12, 2021, the California Attorney General, Uber and Lyft filed a stipulation to dissolve the preliminary injunction with the trial court. On April 16, 2021, the trial court signed an order granting the stipulation, which was filed with the court clerk on April 20, 2021. Although the preliminary injunction has been dissolved, the lawsuit remains ongoing relating to claims by the California Attorney General for periods prior to enactment of Proposition 22. We intend to continue to vigorously defend ourselves. Our chances of success on the merits are still uncertain and any reasonably possible loss or range of loss cannot be estimated.
Massachusetts Attorney General Lawsuit
On July 9, 2020, the Massachusetts Attorney General filed a complaint in Suffolk County Superior Court against Uber and Lyft. The complaint alleges Drivers are employees, and are entitled to protections under the wage and labor laws. The complaint was served on July 20, 2020 and Uber filed a motion to dismiss the complaint on September 24, 2020, which was denied on March 25, 2021. Our chances of success on the merits are still uncertain and any reasonably possible loss or range of loss cannot be estimated.
Postmates Arbitrations
We have received demands or have been threatened with demands for individual arbitration on behalf of Delivery People who claim to be misclassified as independent contractors by Postmates. These claims expose us to wage and hour and related liabilities for each individual who has filed a demand. The ultimate resolution of the arbitrations is uncertain and the amount accrued for this matter is recorded within accrued and other current liabilities on the condensed consolidated balance sheets, with a corresponding increase to goodwill, based on facts and circumstances in existence as of the effective date of the acquisition.
Swiss Social Security Reclassification
Several Swiss administrative bodies have issued decisions in which they classify Drivers as employees of Uber Switzerland, Rasier Operations B.V. or of Uber B.V. for social security or regulatory purposes. We are challenging each of them before the Social Security and Administrative Tribunals. In April 2020, a ruling was made on a separate matter in Switzerland which reclassified a Driver as an employee. The ultimate resolution of the social security matters is uncertain and the amount accrued for this matter is recorded within accrued and other current liabilities on the condensed consolidated balance sheets.
Aslam, Farrar, Hoy and Mithu v. Uber B.V., Uber Britannia Ltd. and Uber London Ltd.
On October 28, 2015, a claim by 25 Drivers, including Mr. Y. Aslam and Mr. J. Farrar, was brought in the UK Employment Tribunal against us asserting that they should be classified as “workers” (a separate category between independent contractors and employees) in the UK rather than independent contractors. The tribunal ruled on October 28, 2016 that Drivers were workers whenever our app is switched on and they are ready and able to take trips based on an assessment of the app in July 2016. The Court of Appeal rejected our appeal in a majority decision on December 19, 2018. We appealed to the Supreme Court and a hearing at the Supreme Court took place in July 2020.
On February 19, 2021, the Supreme Court of the UK upheld the tribunal ruling that the Drivers using the app in 2016 were workers for UK employment law purposes. Damages include back pay including holiday pay and minimum wage. Additional claimants have also filed and each claimant will be required to bring their own separate action to an employment tribunal to determine whether they met the “worker” classification and if so, how much each claimant will be awarded.
On March 16, 2021, we announced that more than 70,000 drivers in the UK will be treated as workers, earning at least the National Living Wage when driving with Uber. They will also be paid for holiday time and all those eligible will be automatically enrolled into a pension plan. We have also initiated a settlement process with drivers in the UK to resolve historical claims relating to their classification under UK law. In addition, we expect to be subject to historical pension contributions, which requires our separate engagement with the UK pension regulator. While the ultimate resolution of these matters are uncertain, we have recorded an accrual for these matters within accrued and other current liabilities on the condensed consolidated balance sheet as of March 31, 2021.
Other Driver Classification Matters
Additionally, we have received other lawsuits and governmental inquiries in other jurisdictions, and anticipate future claims, lawsuits, arbitration proceedings, administrative actions, and government investigations and audits challenging our classification of Drivers as independent contractors and not employees. We believe that our current and historical approach to classification is supported by the law and intend to continue to defend ourselves vigorously in these matters. However, the results of litigation and arbitration are inherently unpredictable and legal proceedings related to these claims, individually or in the aggregate, could have a
material impact on our business, financial condition, results of operations and cash flows. Regardless of the outcome, litigation and arbitration of these matters can have an adverse impact on us because of defense and settlement costs individually and in the aggregate, diversion of management resources and other factors.
State Unemployment Taxes
In December 2016, following an audit opened in 2014 investigating whether Drivers were independent contractors or employees, we received a Notification of Assessment from the Employment Development Department (“EDD”), State of California, for payroll tax liabilities. The notice retroactively imposed various payroll tax liabilities on us, including unemployment insurance, employment training tax, state disability insurance, and personal income tax. We have filed a petition with an administrative law judge of the California Unemployment Insurance Appeals Board appealing the assessment. In addition to the assessment, there is a risk of exposure for later years, although no formal assessment has been issued. This matter remains pending.
In 2018, the New Jersey Department of Labor (“NJDOL”) opened an audit reviewing whether Drivers were independent contractors or employees for purposes of determining whether unemployment insurance regulations apply from 2014 through 2018. The NJDOL made an assessment on November 12, 2019, against both Rasier and Uber. Both assessments were calculated through November 15, 2019, but only calculated the alleged contributions, penalties, and interests owed from 2014 through 2018. The DOL provided a revised assessment on February 24, 2021. We are engaged in ongoing discussions with the NJDOL about the assessments, though the NJDOL has noticed Uber for a hearing on the merits.
Google v. Levandowski & Ron; Google v. Levandowski
On October 28, 2016, Google filed arbitration demands against each of Anthony Levandowski and Lior Ron, former employees of Google, alleging breach of their respective employment agreements with Google, fraud and other state law violations (due to soliciting Google employees and starting a new venture to compete with Google’s business in contravention of their respective employment agreements). Google sought damages, injunctive relief, and restitution. On March 26, 2019, following a hearing, the arbitration panel issued an interim award, finding against each of Google’s former employees and awarding $127 million against Anthony Levandowski and $1 million for which both Anthony Levandowski and Lior Ron are jointly and severally liable. In July 2019, Google submitted its request for interest, attorneys fees, and costs related to these claims. The Panel’s Final Award was issued on December 6, 2019. On February 7, 2020, Ron and Google entered into a settlement agreement and mutual release to satisfy the corrected final award in the amount of approximately $10 million. Uber paid Google on behalf of Ron pursuant to an indemnification obligation. A dispute continues to exist with regard to Uber’s alleged indemnification obligation to Levandowski. Whether Uber is ultimately responsible for indemnification of Levandowski depends on the exceptions and conditions set forth in the indemnification agreement. In March 2020, Levandowski pleaded guilty to criminal trade secret charges and filed for bankruptcy. Uber filed a proof of claim in the bankruptcy court, and Levandowski additionally asserted a claim against Uber alleging that Uber failed to perform its obligations under an agreement with Otto Trucking, LLC. The indemnification dispute and Levandowski’s claim will proceed in the bankruptcy court. Former President Trump pardoned Levandowski from the trade secret conviction. The ultimate resolution of the matter could result in a possible loss of up to $60 million or more (depending on interest incurred) in excess of the amount accrued.
Non-Income Tax Matters
We recorded an estimated liability for contingencies related to non-income tax matters and are under audit by various domestic and foreign tax authorities with regard to such matters. The subject matter of these contingent liabilities and non-income tax audits primarily arises from our transactions with Drivers, as well as the tax treatment of certain employee benefits and related employment taxes. In jurisdictions with disputes connected to transactions with Drivers, disputes involve the applicability of transactional taxes (such as sales, value added and similar taxes) to services provided, as well as the applicability of withholding tax on payments made to such Drivers.
We are involved in a proceeding in the UK involving HMRC, the tax regulator in the UK, which is seeking to classify us as a transportation provider. Being classified as a transportation provider would result in a VAT (20%) on Gross Bookings or on the service fee that we charge Drivers, both retroactively and prospectively. HMRC is considering a number of factors including our contractual Driver, Rider and intercompany arrangements, and HMRC is also expected to consider the U.K. Supreme Court’s February 19, 2021 ruling on Drivers’ worker classification, in determining whether we should be classified as a provider of transportation services. HMRC may update its assessment, which we would then review and discuss with HMRC. If we do not reach a satisfactory resolution after exhausting HMRC’s review and appeals process, we would still be able to argue our case anew in the U.K. Tax Court, which may require the up-front payment to the Tax Court (“pay-to-play”) of any final HMRC assessment to be held in escrow. We continue to believe that we have meritorious defense in these proceedings.
Our estimated liability is inherently subjective due to the complexity and uncertainty of these matters and the judicial processes in certain jurisdictions, therefore, the final outcome could be different from the estimated liability recorded.
Other Legal and Regulatory Matters
We have been subject to various government inquiries and investigations surrounding the legality of certain of our business practices, compliance with antitrust, Foreign Corrupt Practices Act and other global regulatory requirements, labor laws, securities
laws, data protection and privacy laws, and the infringement of certain intellectual property rights. We have investigated many of these matters and we are implementing a number of recommendations to our managerial, operational and compliance practices, as well as strengthening our overall governance structure. In many cases, we are unable to predict the outcomes and implications of these inquiries and investigations on our business which could be time consuming, costly to investigate and require significant management attention. Furthermore, the outcome of these inquiries and investigations could negatively impact our business, reputation, financial condition and operating results, including possible fines and penalties and requiring changes to operational activities and procedures.
Indemnifications
In the ordinary course of business, we often include standard indemnification provisions in our arrangements with third parties. Pursuant to these provisions, we may be obligated to indemnify such parties for losses or claims suffered or incurred in connection with their activities or non-compliance with certain representations and warranties made by us. In addition, we have entered into indemnification agreements with our officers, directors, and certain current and former employees, and our certificate of incorporation and bylaws contain certain indemnification obligations. It is not possible to determine the maximum potential loss under these indemnification provisions / obligations because of the unique facts and circumstances involved in each particular situation.
v3.21.1
Variable Interest Entities ("VIEs")
 3 Months Ended
Mar. 31, 2021
Variable Interest Entity [Abstract]  
Variable Interest Entities (VIEs)
Note 13 – Variable Interest Entities
Variable interest entities (“VIEs”) are legal entities that lack sufficient equity to finance their activities without future subordinated financial support.
Consolidated VIEs
We consolidate VIEs in which we hold a variable interest and are the primary beneficiary. We are the primary beneficiary because we have the power to direct the activities that most significantly impact the economic performance of these VIEs. As a result, we consolidate the assets and liabilities of these VIEs.
Total assets included on the condensed consolidated balance sheets for our consolidated VIEs as of December 31, 2020 and March 31, 2021 were $1.2 billion and $668 million, respectively. Total liabilities included on the condensed consolidated balance sheets for these VIEs as of December 31, 2020 and March 31, 2021 were not material.
Freight Holding
As of March 31, 2021, we own the majority of the issued and outstanding capital stock of Uber Freight Holding Corporation, our majority-owned subsidiary (“Freight Holding”) and report non-controlling interest as further described in Note 14 – Non-Controlling Interests.
Divestiture of ATG Business and Aurora Investments
As of December 31, 2020, we consolidated the ATG Business’ assets and liabilities and reported non-controlling interests. The common units held by us in the ATG Business were determined to be a variable interest. We determined that the ATG Business was a VIE as it lacked sufficient equity to finance its activities without future subordinated financial support. We had the power to direct the activities that most significantly impacted the economic performance of the ATG Business, and, as a result, we were the primary beneficiary of the ATG Business.
On January 19, 2021, we completed the sale of the ATG Business to Aurora. Refer to the section titled “Unconsolidated VIEs” below for additional information on Aurora. Refer to Note 16 – Divestiture for further information on the sale of the ATG Business.
Careem Qatar and Morocco
The assets and operations in Careem Qatar and Morocco (collectively “Non-Transferred Countries”), have not yet been transferred to us as of March 31, 2021. Transfer of the assets and operations of the Non-Transferred Countries will be subject to a delayed closing pending timing of regulatory approval. We have rights to all residual interests in the entities comprising the Non-Transferred Countries which is considered a variable interest. We are exposed to losses and residual returns of the entities comprising the Non-Transferred Countries through the right to all of the proceeds from either the divestiture or the eventual legal transfer upon regulatory approval of the entities comprising the Non-Transferred Countries.
Unconsolidated VIEs
We do not consolidate VIEs in which we hold a variable interest but are not the primary beneficiary because we lack the power to direct the activities that most significantly impact the entities’ economic performance. Our carrying amount of assets recognized on the condensed consolidated balance sheets related to unconsolidated VIEs was $308 million and $2.2 billion as of December 31, 2020 and March 31, 2021, respectively, and represents our maximum exposure to loss associated with the unconsolidated VIEs.
Zomato
Zomato is incorporated in India with the purposes of providing food delivery services. On January 21, 2020, we acquired compulsorily convertible cumulative preference shares of Zomato in exchange for Uber’s food delivery operations in India (“Uber
Eats India”), and a note receivable for reimbursement of goods and services tax. We are exposed to Zomato’s economic risks and rewards through our investment and note receivable which represent variable interests.
Lime
Neutron Holdings, Inc. (“Lime”) is incorporated in Delaware for the purpose of owning and operating a fleet of dockless e-bikes and e-scooters for short-term access use by consumers for personal transportation. On May 7, 2020, we entered into a series of transactions and agreements with Lime to divest our JUMP business and acquired ownership in Lime comprised of Lime Common Stock, Lime 1-C Preferred Stock, Lime 1-C Preferred Stock Warrants, and the Lime Convertible Note (collectively, the “2020 Lime Investments”). We are exposed to Lime’s economic risks and rewards through our ownership of the 2020 Lime Investments, which represent variable interests.
Cornershop: CS-Mexico
As of December 31, 2020, Cornershop Cayman’s (“Cornershop”) business operations in Mexico (“CS-Mexico”) were determined to be a variable interest. We were exposed to CS-Mexico’s economic risks and rewards however, we were not the primary beneficiary and we did not consolidate CS-Mexico.
In December 2020, we received approval from Mexico’s antitrust regulator to complete the CS-Mexico transaction. On January 11, 2021, Cornershop Global (“CS-Global”), an entity which held all of Cornershop business operations, except for those in Mexico, exercised a call option and acquired 100% of the outstanding equity interest in CS-Mexico. Uber owns 55% of CS-Mexico through its ownership in CS-Global. The acquisition of CS-Mexico by CS-Global triggered a reconsideration event and we reevaluated if CS-Mexico still met the definition of a VIE. As of March 31, 2021, we determined that CS-Mexico was no longer a VIE when it was acquired by CS-Global, which has sufficient equity to operate without the need for subordinated financial support.
Aurora
In January 2021, we sold our ATG Business to Aurora. After the sale, we hold equity interests in Aurora through our Aurora Investments. As of March 31, 2021, the fair value of our Aurora Investments was $1.7 billion and is included in investments on the condensed consolidated balance sheet. Refer Note 3 – Investments and Fair Value Measurement for additional information regarding the accounting for our Aurora Investments and Note 16 – Divestiture for additional information regarding the sale of our ATG Business.
Aurora is a VIE as it lacks sufficient equity to finance its activities without future subordinated financial support. We are exposed to Aurora’s economic risks and rewards through our equity interests, which represent variable interests.
Moove
On February 12, 2021 (the “Moove Closing Date”), we entered into and completed a series of agreements with Garment Investments S.L. dba Moove (“Moove”) including (i) an equity investment, through preferred shares, in which Uber acquired a 30% minority interest in Moove from its current shareholders at closing and up to approximately $185 million contingent on future performance of Moove and certain other conditions through the eighth anniversary of the agreement, (ii) a term loan of $213 million to Moove, due February 2026, and (iii) a commercial partnership agreement. Also included in the agreements is an option for us to purchase common stock of Moove at fair value, beginning two years after the Moove Close Date. Moove is a vehicle fleet operator in Spain. After this series of agreements, Moove is considered a related party.
As of March 31, 2021, our equity investment in Moove, through preferred shares, is accounted for as an investment in non-marketable equity securities included in investments on the condensed consolidated balance sheet. The term loan of $213 million is accounted for as a loan receivable, carried at amortized cost, and included in other assets on the condensed consolidated balance sheet. Refer to Note 3 – Investments and Fair Value Measurement, Assets Measured at Fair Value on a Non-Recurring Basis, for additional information regarding our non-marketable equity securities.
Moove is a VIE as it lacks sufficient equity to finance its activities without future subordinated financial support. We are exposed to Moove’s economic risks and rewards through our equity investment, the term loan and commercial partnership agreement, which represent variable interests.
v3.21.1
Non-Controlling Interests
 3 Months Ended
Mar. 31, 2021
Noncontrolling Interest [Abstract]  
Non-Controlling Interests
Note 14 – Non-Controlling Interests
Freight Holding
As of December 31, 2020 and March 31, 2021, we owned 85% of the issued and outstanding capital stock of our subsidiary Uber Freight Holding Corporation (“Freight Holding”), or 79% on a fully-diluted basis if all shares reserved for issuance under our Freight Holding employee incentive plan were issued and outstanding. The minority stockholders of Freight Holding include Greenbriar Equity Group, L.P., who hold shares of Freight Holding’s Series A Preferred Stock, and holders of common equity awards issued under the employee equity incentive plans and employees who hold fully vested shares.
Cornershop
As of December 31, 2020 and March 31, 2021, we owned 55% of the outstanding membership interests in the issued and outstanding capital stock of CS-Global, or 52% on a fully-diluted basis. In December 2020, we received approval from Mexico’s antitrust regulator to complete the CS-Mexico transaction. On January 11, 2021, CS-Global exercised a call option and acquired 100% of the outstanding equity interest in CS-Mexico, which increased their redeemable non-controlling interest. We own 55% of CS-Mexico through our ownership interest in CS-Global.
Divestiture of ATG Business to Aurora
On January 19, 2021, we completed the previously announced sale of our ATG Business to Aurora. As a result, our controlling interest and the non-controlling interests in the ATG Business were settled and ownership of the ATG Business transferred to Aurora. We derecognized the carrying value of non-controlling interests in the ATG Business of $1.1 billion, which included Toyota Motor North America, Inc. and DENSO International America, Inc. non-redeemable non-controlling interests of $701 million and SVF Yellow (USA) Corporation’s (or “Softbank’s”) redeemable non-controlling interests of $356 million. Refer to Note 16 – Divestiture for further information.
v3.21.1
Business Combination
 3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
Business Combination
Note 15 – Business Combinations
Careem
During the first quarter of 2020, we completed the acquisition of substantially all of the assets of Careem for approximately $3.0 billion. Dubai-based Careem provides primarily ridesharing and to a lesser extent meal delivery, and payments services to millions of users in cities across the Middle East, North Africa, and Pakistan. As of March 31, 2021, ownership of Careem’s operations in Qatar and Morocco had not yet been transferred to us; however the results of operations and net assets were fully consolidated as variable interest entities.
As part of the acquisition, we agreed to issue the Careem Notes with an acquisition date fair value of $1.6 billion in different tranches with $880 million of the principal amount of the Careem Notes issued as of January 2, 2020 and settled in cash on April 1, 2020. Each tranche of the Careem Notes is due and payable 90 days once issued. The holders of the Careem Notes may elect to convert the full outstanding principal balance to common stock at a conversion price of $55 per share of Uber Technologies, Inc. at any time prior to maturity. During the first quarter of 2021, certain holders of the Careem Notes elected to convert their notes and as a result of such elections, $352 million of the principal amount of the Careem Notes matured, of which $194 million were settled in cash and $158 million were settled in equity.
The remaining amount of the Careem Notes is recognized as a commitment to issue unsecured convertible notes at fair value in accrued and other current liabilities of $302 million and in other long-term liabilities $121 million as of March 31, 2021. The discount from the Careem Notes face value to fair value will be accreted through the respective repayment dates as interest expense. The amount of accretion for the three months ended March 31, 2021 was not material.
Cornershop
During the third quarter of 2020, we acquired a 55% controlling interest in the Cornershop Global (“CS-Global”), an entity which held all of Cornershop Cayman’s (“Cornershop”) business operations, except for those in Mexico. Cornershop operates as an online grocery delivery platform primarily in Chile and Mexico. Uber and CS-Global also entered into a put/call arrangement over the non-controlling interest in CS-Global, providing Uber the right and obligation to acquire the remaining interest from non-controlling interest holders, exercisable in 5 years if there is no IPO or liquidation event, at a future negotiated price.
Concurrent with the CS-Global acquisition transaction, Uber, Cornershop and CS-Global entered into a put/call agreement providing CS-Global with the right through the call option (and obligation through the put option held by Cornershop) to purchase all of the interests in CS-Mexico, contingent upon the receipt of regulatory approval in Mexico (“CS-Mexico Put/Call”). Upon either the exercise of the call option (by CS-Global) or the put option (by Cornershop), CS-Global would acquire 100% of the outstanding equity interests in CS-Mexico.
In December 2020, we received approval from Mexico’s antitrust regulator to complete the CS-Mexico transaction. On January 11, 2021, CS-Global exercised the call option through the CS-Mexico Put/Call agreement, and acquired 100% of the outstanding equity interest in CS-Mexico. Uber owns 55% of the CS-Mexico through its ownership in CS-Global. The acquisition of CS-Mexico was accounted for as a business combination. The acquisition date fair value of the consideration transferred for CS-Mexico was immaterial, and consisted of a combination of cash payment and equity payment in Uber common stock and the fair value of the CS-Mexico Put/Call remeasured at the acquisition date. As a result of remeasuring our prior CS-Mexico Put/Call held immediately prior to the business combination, we recognized an immaterial loss during the three months ended March 31, 2021. The loss is included in other income (expense), net in the condensed consolidated statements of operations.
Postmates
On December 1, 2020, we completed the acquisition of Postmates, Inc. (“Postmates”), an on-demand delivery platform in the U.S. by acquiring 100% ownership interest in Postmates for a total consideration of approximately $3.9 billion.
During the first quarter of 2021, we recorded a measurement period adjustment of $170 million to accrued and other current liabilities with a corresponding increase to goodwill, based on facts and circumstances in existence as of the effective date of the acquisition. Refer to Note 12 – Commitments and Contingencies for further information.
v3.21.1
Divestitures
 3 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures
Note 16 – Divestiture
Divestiture of ATG Business to Aurora
On January 19, 2021, we completed the previously announced sale of our ATG Business, a subsidiary focused on the development and commercialization of autonomous vehicle technology, to Aurora. As a result, our controlling interest and the non-controlling interests in the ATG Business were settled, and ownership of the ATG Business transferred to Aurora.
As consideration for the sale, Aurora issued Series U-1 preferred shares to the third party investors of the ATG Business to settle their ATG Series A Stated Liquidation Preference of $1.1 billion, which had previously been recorded as redeemable and non-redeemable non-controlling interests on our condensed consolidated balance sheet prior to this transaction. We received the residual consideration from the sale as the only common unit holder of the ATG Business in the form of Aurora common shares valued at $1.3 billion, representing 22% of fully-diluted (25% undiluted) ownership interest of Aurora. Concurrently, we invested $400 million in Aurora in exchange for Aurora Series U-2 preferred shares, representing 4% of fully-diluted (5% undiluted) ownership interest of Aurora. Refer to Note 3 – Investments and Fair Value Measurement for additional information.
We do not consolidate Aurora under either the VIE or the voting interest model. For further information, refer to Note 13 – Variable Interest Entities.
We entered into a commercial agreement with Aurora pursuant to which the parties will collaborate with best efforts to launch and commercialize self-driving vehicles on our ridesharing network. We also allowed unvested RSUs for Uber stock held by employees of the ATG Business that transferred to Aurora to continue to vest over the next 12 months contingent upon the employee remaining at Aurora. As a result, we recognized liabilities of $315 million as consideration for these future obligations to Aurora.
The sale of the ATG Business did not represent a strategic shift that would have had a major effect on our operations and financial results, and therefore does not qualify for reporting as a discontinued operation. The resulting gain on disposal was recorded in other income (expense), net in the condensed consolidated statement of operations.
After the sale of the ATG Business, Aurora is considered a related party.
The following table presents the gain on sale of the ATG Business (in millions):
Three Months Ended
March 31, 2021
Common shares received$1,277 
Derecognition of ATG Business' non-controlling interests1,057 
Liability recognized for future obligations(315)
Net consideration received for sale of the ATG Business2,019 
Carrying value of net assets transferred(375)
Gain on the sale of the ATG Business$1,644 
v3.21.1
Description of Business and Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Basis of Presentation
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The condensed consolidated balance sheet as of December 31, 2020 included herein was derived from the audited consolidated financial statements as of that date but does not include all of the information and notes required by GAAP for complete financial statements. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. As such, the information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2020, included in our Annual Report on Form 10-K.
In the opinion of management, these financial statements include all adjustments, which are of a normal recurring nature, necessary for a fair statement of the financial position, results of operations, comprehensive loss, cash flows and the change in equity for the periods presented.
There have been no changes to our significant accounting policies described in the Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on March 1, 2021 that have had a material impact on our condensed consolidated financial statements and related notes, except for an update reflecting the new accounting standard related to debt with conversion and other options.
Basis of Consolidation Basis of ConsolidationOur condensed consolidated financial statements include the accounts of Uber Technologies, Inc. and entities consolidated under the variable interest and voting models. All intercompany balances and transactions have been eliminated. Refer to Note 13 – Variable Interest Entities for further information.
Use of Estimates
Use of Estimates
The preparation of our unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions, which affect the reported amounts in the financial statements and accompanying notes. Estimates are based on historical experience, where applicable, and other assumptions which management believes are reasonable under the circumstances. On an ongoing basis, management evaluates estimates, including, but not limited to: the incremental borrowing rate (“IBR”) applied in lease accounting; fair values of investments and other financial instruments (including the measurement of credit or impairment losses); useful lives of amortizable long-lived assets; fair value of acquired intangible assets and related impairment assessments; impairment of goodwill; stock-based compensation; income taxes and non-income tax reserves; certain deferred tax assets and tax liabilities; insurance reserves; and other contingent liabilities. These estimates are inherently subject to judgment and actual results could differ from those estimates. The level of uncertainties and volatility in the global financial markets and economies resulting from the pandemic as well as the uncertainties related to the impact of the pandemic on us and our investees' operations and
financial performance means that these estimates may change in future periods, as new events occur and additional information is obtained.
Certain Significant Risks and Uncertainties - COVID-19
Certain Significant Risks and Uncertainties - COVID-19
In an attempt to limit the spread of the virus, various governmental restrictions have been implemented, including business activities and travel restrictions, and “shelter-at-home” orders, that have had an adverse impact on our business and operations by reducing, in particular, the global demand for Mobility offerings. In light of the evolving nature of COVID-19 and the uncertainty it has produced around the world, it is not possible to predict the COVID-19 pandemic’s cumulative and ultimate impact on our future business operations, results of operations, financial position, liquidity, and cash flows. The extent of the impact of the pandemic on our business and financial results will depend largely on future developments, including the duration of the spread of the outbreak both globally and within the United States, including whether there will be further resurgences of COVID-19 in various regions, the distribution of vaccines in various regions, the impact on capital, foreign currencies exchange and financial markets, governmental or regulatory orders that impact our business and whether the impacts may result in permanent changes to our end-user’ behavior, all of which are highly uncertain and cannot be predicted.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted
Recently Adopted Accounting Pronouncements
In January 2020, the FASB issued ASU 2020-01, “Investments-Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815,” which clarifies the interaction of the accounting for equity investments under Topic 321 and investments accounted for under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. We adopted the new standard on January 1, 2021 on a prospective basis. The adoption of the new standard did not have a material impact on our condensed consolidated financial statements.
In August 2020, the FASB issued ASU 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity,” which reduced the number of models used to account for convertible instruments, amends the accounting for certain contracts in an entity’s own equity that would have previously been accounted for as derivatives and modifies the diluted earnings per share calculations for convertible instruments. We early adopted the new standard on January 1, 2021 on a modified retrospective basis. Refer to Note 6 – Long-Term Debt and Revolving Credit Arrangements for the impact of adoption on our 2025 Convertible Notes and Note 10 – Net Income (Loss) Per Share for the impact on our earnings per share calculation.
Recently Issued Accounting Pronouncements Not Yet Adopted
In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” which provides optional expedients and exceptions to contract modifications and hedging relationships that reference LIBOR or another reference rate expected to be discontinued. The standard is effective upon issuance through December 31, 2022 and may be applied at the beginning of the interim period that includes March 12, 2020 or any date thereafter. We are currently evaluating the impact of this accounting standard update on our consolidated financial statements.
Net Income (Loss) Per Share
Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding for the periods presented. Diluted net loss per share is computed by giving effect to all potential weighted average dilutive common stock. The dilutive effect of outstanding awards and convertible securities is reflected in diluted net loss per share by application of the treasury stock method. Since we were in a loss position for the three months ended March 31, 2020 and 2021, basic net loss per share was the same as diluted net loss per share for the periods presented.
We take into account the effect on consolidated net loss per share of dilutive securities of entities in which we hold equity interests that are accounted for using the equity method.
v3.21.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following tables present our revenues disaggregated by offering and geographical region. Revenue by geographical region is based on where the transaction occurred. This level of disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors (in millions):
Three Months Ended March 31,
20202021
Mobility revenue$2,467 $853 
Delivery revenue527 1,741 
Freight revenue199 301 
All Other revenue55 8 
Total revenue$3,248 $2,903 
Three Months Ended March 31,
20202021
United States and Canada$2,075 $1,849 
Latin America ("LatAm")478 302 
Europe, Middle East and Africa ("EMEA")473 225 
Asia Pacific ("APAC")222 527 
Total revenue$3,248 $2,903 
Schedule of Remaining Performance Obligation
Our remaining performance obligation is expected to be recognized as follows (in millions):
Less Than or
Equal To 12 Months		Greater Than
12 Months		Total
As of March 31, 2021
$67 $153 $220 
v3.21.1
Investments and Fair Value Measurement (Tables)
 3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Marketable and Non-Marketable Securities
Our investments on the condensed consolidated balance sheets consisted of the following (in millions):
As of
December 31, 2020March 31, 2021
Classified as short-term investments:
Marketable debt securities (1):
Commercial paper$457 $338 
U.S. government and agency securities429 322 
Corporate bonds294 159 
Short-term investments$1,180 $819 
Classified as investments:
Non-marketable equity securities:
Didi$6,299 $5,876 
Aurora (2)
— 1,677 
Other (3)
329 569 
Non-marketable debt securities:
Grab (4)
2,341 3,591 
Note receivable from a related party83 81 
Investments$9,052 $11,794 
(1) Excluding marketable debt securities classified as cash equivalents and restricted cash equivalents.
(2) For further information, see the section titled “Aurora Investments” below and Note 16 – Divestiture.
(3) These balances include certain investments recorded at fair value with changes in fair value recorded in earnings due to the election of the fair value option of accounting for financial instruments.
(4) Recorded at fair value with changes in fair value recorded in other comprehensive income (loss), net of tax, unless subject to credit loss.
Schedule of Assets and Liabilities Measured on Recurring Basis
The following table presents our financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in millions):
As of December 31, 2020As of March 31, 2021
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Financial Assets
Money market funds$2,386 $— $— $2,386 $2,155 $— $— $2,155 
Commercial paper— 611 — 611 — 440 — 440 
U.S. government and agency securities— 542 — 542 — 322 — 322 
Corporate bonds— 323 — 323 — 181 — 181 
Non-marketable debt securities— — 2,341 2,341 — — 3,591 3,591 
Non-marketable equity securities— — 52 52 — — 1,723 1,723 
Note receivable from a related party— — 83 83 — — 81 81 
Total financial assets$2,386 $1,476 $2,476 $6,338 $2,155 $943 $5,395 $8,493 
Schedule of Amortized Cost and Fair Value of Debt Security with Contractual Maturity Dates
The following table summarizes the amortized cost and fair value of our debt securities with a stated contractual maturity or redemption date (in millions):
 As of March 31, 2021
 Amortized CostFair Value
Within one year$931 $932 
One year through five years2,292 3,602 
Total$3,223 $4,534 
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis
The following table summarizes the amortized cost, unrealized gains and losses, and fair value of our debt securities at fair value on a recurring basis (in millions):
 As of December 31, 2020As of March 31, 2021
 Amortized CostUnrealized GainsUnrealized LossesFair ValueAmortized CostUnrealized GainsUnrealized LossesFair Value
Commercial paper$611 $— $— $611 $440 $— $— $440 
U.S. government and agency securities542 — — 542 322 — — 322 
Corporate bonds322 1 — 323 180 1 — 181 
Non-marketable debt securities2,281 60 — 2,341 2,281 1,310 — 3,591 
Total$3,756 $61 $— $3,817 $3,223 $1,311 $— $4,534 
Schedule of Fair Value Assumptions on Significant Unobservable Inputs
The following table summarizes information about the significant unobservable inputs used in the fair value measurement for our Grab investment as of March 31, 2021:
Fair value methodRelative weightingKey unobservable inputs
OPM45%Transaction price per share$6.16
Volatility67%
Estimated time to liquidity1.5 years
CSE55%Discount rate25%
Estimated time to liquidity
0.5 - 1 years
Schedule of Reconciliation Using Significant Unobservable Inputs, Assets
The following table presents a reconciliation of our financial assets measured and recorded at fair value on a recurring basis as of March 31, 2021, using significant unobservable inputs (Level 3) (in millions):
Non-marketable
Debt Securities		Non-marketable Equity SecurityNote Receivables
Balance as of December 31, 2020$2,341 $52 $83 
Total net gains (losses)
Included in earnings— (6)(2)
Included in other comprehensive income (loss)1,250 — — 
Purchases— 1,677 — 
Balance as of March 31, 2021$3,591 $1,723 $81 
Schedule of Securities without Readily Determinable Fair Value
The following is a summary of unrealized gains and losses from remeasurement (referred to as upward or downward adjustments) recorded in other income (expense), net in the condensed consolidated statements of operations, and included as adjustments to the carrying value of non-marketable equity securities (in millions):
Three Months Ended March 31,
20202021
Upward adjustments$— $71 
Downward adjustments (including impairment)(1,690)— 
Total unrealized gain (loss) for non-marketable equity securities$(1,690)$71 
The following table summarizes the total carrying value of our non-marketable equity securities measured at fair value on a non-recurring basis held, including cumulative unrealized upward and downward adjustments made to the initial cost basis of the securities (in millions):
As of
December 31, 2020March 31, 2021
Initial cost basis$6,282 $6,060 
Upward adjustments1,984 1,900 
Downward adjustments (including impairment)(1,690)(1,561)
Total carrying value at the end of the period$6,576 $6,399 
v3.21.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Components of lease expense
The components of our lease expense were as follows (in millions):
Three Months Ended March 31,
20202021
Lease cost
Finance lease cost:
      Amortization of assets$44 $52 
      Interest on lease liabilities4 4 
Operating lease cost95 77 
Short-term lease cost6 3 
Variable lease cost30 21 
Sublease income(1)— 
Total lease cost$178 $157 
Schedule of Lease Term and Discount Rate The assumptions used to value leases for the periods presented were as follows:
As of
December 31, 2020March 31, 2021
Weighted-average remaining lease term
     Operating leases16 years16 years
     Finance leases2 years2 years
Weighted-average discount rate
     Operating leases7.0 %7.1 %
     Finance leases5.4 %5.3 %
Maturity of Lease Liabilities, Operating
Maturities of lease liabilities were as follows (in millions):
As of March 31, 2021
Operating LeasesFinance Leases
Remainder of 2021$142 $137 
2022309 110 
2023280 27 
2024237 1 
2025192 — 
Thereafter2,112 — 
Total undiscounted lease payments3,272 275 
Less: imputed interest(1,570)(14)
Total lease liabilities$1,702 $261 
Maturity of Lease Liabilities, Finance
Maturities of lease liabilities were as follows (in millions):
As of March 31, 2021
Operating LeasesFinance Leases
Remainder of 2021$142 $137 
2022309 110 
2023280 27 
2024237 1 
2025192 — 
Thereafter2,112 — 
Total undiscounted lease payments3,272 275 
Less: imputed interest(1,570)(14)
Total lease liabilities$1,702 $261 
v3.21.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Value of Goodwill by Segment
The following table presents the changes in the carrying value of goodwill by reportable segment for the three months ended March 31, 2021 (in millions):
MobilityDeliveryFreightTotal Goodwill
Balance as of December 31, 2020$2,562 $3,547 $— $6,109 
Acquisitions— 61 — 61 
Measurement period adjustment (1)
— 170 — 170 
Foreign currency translation adjustment12 — — 12 
Balance as of March 31, 2021$2,574 $3,778 $— $6,352 
(1) Refer to Note 15 – Business Combinations.
Components of Intangible Assets, Net
The components of intangible assets, net as of December 31, 2020 and March 31, 2021 were as follows (in millions, except years):
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
December 31, 2020
Rider and Merchant relationships$1,007 $(81)$926 8
Developed technology529 (69)460 2
Trade names and trademarks183 (16)167 7
Patents15 (6)9 8
Other5 (3)2 0
Intangible assets$1,739 $(175)$1,564 
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life - Years
March 31, 2021
Rider and Merchant relationships$1,035 $(124)$911 7
Developed technology484 (111)373 2
Trade names and trademarks183 (23)160 6
Patents15 (6)9 8
Other5 (3)2 0
Intangible assets$1,722 $(267)$1,455 
Estimated Aggregate Amortization Expense for Intangible Assets Subject to Amortization
The estimated aggregate future amortization expense for intangible assets subject to amortization as of March 31, 2021 is summarized below (in millions):
Estimated Future Amortization Expense
Year Ending December 31,
Remainder of 2021$316 
2022365 
2023206 
2024160 
202579 
Thereafter317 
Total$1,443 
v3.21.1
Long-Term Debt and Revolving Credit Arrangements (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Components of Debt
Components of debt, including the associated effective interest rates and maturities were as follows (in millions, except for percentages):
As of
December 31, 2020March 31, 2021Effective Interest RatesMaturities
2016 Senior Secured Term Loan$1,101 $— — %—
2018 Senior Secured Term Loan1,463 — — %—
2025 Refinanced Term Loan— 1,459 3.8 %April 4, 2025
2027 Refinanced Term Loan— 1,098 3.8 %February 25, 2027
2025 Senior Note1,000 1,000 7.7 %May 15, 2025
2026 Senior Note1,500 1,500 8.1 %November 1, 2026
2027 Senior Note1,200 1,200 7.7 %September 15, 2027
2028 Senior Note500 500 7.0 %January 15, 2028
2025 Convertible Note1,150 1,150 0.2 %December 15, 2025
Total debt7,914 7,907 
Less: unamortized discount and issuance costs(327)(79)
Less: current portion of long-term debt(27)(27)
Total long-term debt$7,560 $7,801 
Fair Value of Senior Notes
The following table presents the fair values of our Senior Notes as of March 31, 2021, and were determined based on quoted prices in markets that are not active, which is considered a Level 2 valuation input (in millions):
As of March 31, 2021
2025 Senior Note$1,079 
2026 Senior Note1,626 
2027 Senior Note1,326 
2028 Senior Note541 
Total$4,572 
Schedule of Debt Expense
The following table presents the amount of interest expense recognized relating to the contractual interest coupon and amortization of the debt discount and issuance costs with respect to our long term debt, for the three months ended March 31, 2020 and 2021 (in millions):
Three Months Ended March 31,
20202021
Contractual interest coupon$105 $111 
Amortization of debt discount and issuance costs3 7 
Total interest expense from long-term debt$108 $118 
v3.21.1
Supplemental Financial Statement Information (Tables)
 3 Months Ended
Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets were as follows (in millions):
As of
December 31, 2020March 31, 2021
Other receivables$464 $542 
Other751 776 
Prepaid expenses and other current assets$1,215 $1,318 
Schedule of Accrued and Other Current Liabilities
Accrued and other current liabilities were as follows (in millions):
As of
December 31, 2020March 31, 2021
Accrued legal, regulatory and non-income taxes$1,811 $2,559 
Accrued Drivers and Merchants liability651 594 
Income and other tax liabilities203 238 
Other2,447 2,278 
Accrued and other current liabilities$5,112 $5,669 
Schedule of Other Long-Term Liabilities
Other long-term liabilities were as follows (in millions):
As of
December 31, 2020March 31, 2021
Deferred tax liabilities$818 $1,023 
Other488 717 
Other long-term liabilities$1,306 $1,740 
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in composition of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2020 and 2021 were as follows (in millions):
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2019$(231)$44 $(187)
Other comprehensive income (loss) before reclassifications(148)(60)(208)
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)(148)(60)(208)
Balance as of March 31, 2020$(379)$(16)$(395)
Foreign Currency Translation AdjustmentsUnrealized Gains (Losses) on Available-for-Sale Securities, Net of TaxTotal
Balance as of December 31, 2020$(581)$46 $(535)
Other comprehensive income (loss) before reclassifications33 1,156 1,189 
Amounts reclassified from accumulated other comprehensive income (loss)— — — 
Other comprehensive income (loss)33 1,156 1,189 
Balance as of March 31, 2021$(548)$1,202 $654 
Other Income (Expense), Net
The components of other income (expense), net were as follows (in millions):
Three Months Ended March 31,
20202021
Interest income$38 $5 
Foreign currency exchange gains (losses), net(28)(25)
Gain on business divestitures (1)
154 1,684 
Unrealized gain (loss) on debt and equity securities, net (2)
(114)63 
Impairment of debt and equity securities (3)
(1,863)— 
Other, net18 (17)
Other income (expense), net$(1,795)$1,710 
(1) During the three months ended March 31, 2020, gain on business divestitures represents a $154 million gain on the sale of our Uber Eats India operations to Zomato Media Private Limited (“Zomato”). During the three months ended March 31, 2021, gain on business divestitures represents a $1.6 billion gain on the sale of our ATG Business to Aurora. Refer to Note 16 – Divestiture for further information.
(2) During the three months ended March 31, 2020 and 2021, we recorded changes to the fair value of investments in securities accounted for under the fair value option.
(3) During the three months ended March 31, 2020, we recorded an impairment charge of $1.9 billion, primarily related to our investment in Didi, and a $173 million allowance for credit loss recorded on our investment in Grab.
v3.21.1
Stockholder's Equity (Tables)
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Summary of Stock Options and SAR Activity
A summary of stock option and SAR activity for the three months ended March 31, 2021 is as follows (in millions, except share amounts which are reflected in thousands, per share amounts, and years):
SARs Outstanding Number of SARsOptions Outstanding Number of SharesWeighted-Average Exercise Price Per ShareWeighted-Average Remaining Contractual Life (in years)Aggregate Intrinsic Value
As of December 31, 2020229 28,734 $12.87 4.97$1,104 
Granted— 891 $14.68 
Exercised(21)(3,390)$10.57 
Canceled and forfeited(1)(162)$19.28 
As of March 31, 2021207 26,073 $13.19 4.26$1,086 
Vested and expected to vest as of March 31, 2021151 19,476 $8.57 3.57$902 
Exercisable as of March 31, 2021151 19,476 $8.57 3.57$902 
Schedule of Restricted Stock Units Activity
The following table summarizes the activity related to our RSUs for the three months ended March 31, 2021 (in thousands, except per share amounts):
Number of SharesWeighted-Average
 Grant-Date Fair
 Value per Share
Unvested and outstanding as of December 31, 202083,736 $34.17 
Granted19,108 $59.44 
Vested(11,091)$34.75 
Canceled and forfeited(9,607)$34.64 
Unvested and outstanding as of March 31, 202182,146 $39.95 
Schedule of Stock-Based Compensation Expense by Function The following table summarizes total stock-based compensation expense by function for the three months ended March 31, 2020 and 2021 (in millions):
Three Months Ended March 31,
20202021
Operations and support$25 $28 
Sales and marketing14 22 
Research and development167 133 
General and administrative71 98 
Total$277 $281 
v3.21.1
Net Income (Loss) Per Share (Tables)
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in millions, except share amounts which are reflected in thousands, and per share amounts):
Three Months Ended March 31,
20202021
Basic net loss per share:
Numerator
Net loss including non-controlling interests$(2,946)$(122)
Add: net loss attributable to non-controlling interests, net of tax(10)(14)
          Net loss attributable to common stockholders$(2,936)$(108)
Denominator
Basic weighted-average common stock outstanding1,724,367 1,858,525 
Basic net loss per share attributable to common stockholders (1)
$(1.70)$(0.06)
Diluted net loss per share:
Numerator
     Diluted net loss attributable to common stockholders$(2,936)$(108)
Denominator
     Diluted weighted-average common stock outstanding1,724,367 1,858,525 
Diluted net loss per share attributable to common stockholders (1)
$(1.70)$(0.06)
(1) Per share amounts are calculated using unrounded numbers and therefore may not recalculate.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (in thousands):
As of March 31,
20202021
Freight Holdings contingently redeemable preferred stock— 13,586 
Convertible notes30,387 22,013 
RSUs115,206 82,146 
Stock options31,285 26,073 
Common stock subject to repurchase109 28 
RSUs to settle fixed monetary awards248 — 
Shares committed under ESPP5,452 2,084 
Warrants to purchase common stock126 126 
Total182,813 146,056 
v3.21.1
Segment Information and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information The following table provides information about our segments and a reconciliation of the total segment adjusted EBITDA to loss from operations (in millions):
Three Months Ended March 31,
20202021
Segment adjusted EBITDA:
Mobility$581 $298 
Delivery(313)(200)
Freight(64)(29)
All Other (1)
(171)(11)
Total segment adjusted EBITDA33 58 
Reconciling items:
Corporate G&A and Platform R&D (2), (3)
(645)(417)
Depreciation and amortization(128)(212)
Stock-based compensation expense(277)(281)
Legal, tax, and regulatory reserve changes and settlements(19)(551)
Goodwill and asset impairments/loss on sale of assets(193)(57)
Acquisition, financing and divestitures related expenses(10)(36)
Accelerated lease costs related to cease-use of ROU assets— (2)
COVID-19 response initiatives(24)(26)
Loss from operations$(1,263)$(1,524)
(1) Includes ATG and Other Technology Programs and historical results of New Mobility.
(2) Excluding stock-based compensation expense.
(3) Includes costs that are not directly attributable to our reportable segments. Corporate G&A also includes certain shared costs such as finance, accounting, tax, human resources, information technology and legal costs. Platform R&D also includes mapping and payment technologies and support and development of the internal technology infrastructure. Our allocation methodology is periodically evaluated and may change.
Schedule of Revenue from Geographic Area The following table sets forth revenue by geographic area for the three months ended March 31, 2020 and 2021 (in millions):
Three Months Ended March 31,
20202021
United States$1,952 $1,683 
France134 391 
All other countries1,162 829 
Total revenue$3,248 $2,903 
v3.21.1
Discontinued Operations and Disposal Groups (Tables)
 3 Months Ended
Mar. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Gain on Sale of Business
The following table presents the gain on sale of the ATG Business (in millions):
Three Months Ended
March 31, 2021
Common shares received$1,277 
Derecognition of ATG Business' non-controlling interests1,057 
Liability recognized for future obligations(315)
Net consideration received for sale of the ATG Business2,019 
Carrying value of net assets transferred(375)
Gain on the sale of the ATG Business$1,644 
v3.21.1
Revenue - Summary (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Disaggregation of Revenue [Line Items]    
Revenue $ 2,903 $ 3,248
United States and Canada    
Disaggregation of Revenue [Line Items]    
Revenue 1,849 2,075
Latin America ("LatAm")    
Disaggregation of Revenue [Line Items]    
Revenue 302 478
Europe, Middle East and Africa ("EMEA")    
Disaggregation of Revenue [Line Items]    
Revenue 225 473
Asia Pacific (APAC)    
Disaggregation of Revenue [Line Items]    
Revenue 527 222
Mobility revenue    
Disaggregation of Revenue [Line Items]    
Revenue 853 2,467
Delivery revenue    
Disaggregation of Revenue [Line Items]    
Revenue 1,741 527
Freight revenue    
Disaggregation of Revenue [Line Items]    
Revenue 301 199
All Other revenue    
Disaggregation of Revenue [Line Items]    
Revenue $ 8 $ 55
v3.21.1
Revenue - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Disaggregation of Revenue [Line Items]    
Cost of revenue, exclusive of depreciation and amortization shown separately below $ 1,710 $ 1,491
Contract liabilities 220  
Connection Services Fees    
Disaggregation of Revenue [Line Items]    
Revenue excluding vehicle solutions revenue 45 149
Delivery Fees    
Disaggregation of Revenue [Line Items]    
Revenue excluding vehicle solutions revenue 88 1
Cost of revenue, exclusive of depreciation and amortization shown separately below $ 339 $ 54
v3.21.1
Revenue - Remaining Performance Obligation (Details)
$ in Millions
Mar. 31, 2021
USD ($)
Revenue from Contract with Customer [Abstract]  
Performance obligation, amount $ 220
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Performance obligation, amount 220
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-04-01  
Revenue from Contract with Customer [Abstract]  
Performance obligation, amount 67
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Performance obligation, amount $ 67
Performance period 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01  
Revenue from Contract with Customer [Abstract]  
Performance obligation, amount $ 153
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Performance obligation, amount $ 153
Performance period
v3.21.1
Investments and Fair Value Measurement - Investments (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Marketable Securities [Line Items]    
Marketable debt securities $ 819 $ 1,180
Non-marketable equity securities: 6,399 6,576
Note receivable from a related party 81 83
Investments 11,794 9,052
Commercial paper    
Marketable Securities [Line Items]    
Marketable debt securities 338 457
U.S. government and agency securities    
Marketable Securities [Line Items]    
Marketable debt securities 322 429
Corporate bonds    
Marketable Securities [Line Items]    
Marketable debt securities 159 294
Didi    
Marketable Securities [Line Items]    
Non-marketable equity securities: 5,876 6,299
Other    
Marketable Securities [Line Items]    
Non-marketable equity securities: 569 329
Grab    
Marketable Securities [Line Items]    
Non-marketable debt securities: 3,591 2,341
Aurora    
Marketable Securities [Line Items]    
Non-marketable equity securities: $ 1,677 $ 0
v3.21.1
Investments and Fair Value Measurement - Fair Value on a Recurring Basis (Details) - Recurring - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Financial Assets    
Non-marketable debt securities: $ 4,534 $ 3,817
Note receivable from a related party 81 83
Total financial assets 8,493 6,338
Money market funds    
Financial Assets    
Cash and cash equivalents 2,155 2,386
Commercial paper    
Financial Assets    
Non-marketable debt securities: 440 611
U.S. government and agency securities    
Financial Assets    
Non-marketable debt securities: 322 542
Corporate bonds    
Financial Assets    
Non-marketable debt securities: 181 323
Non-marketable debt securities    
Financial Assets    
Non-marketable debt securities: 3,591 2,341
Non-marketable equity securities    
Financial Assets    
Non-marketable equity securities 1,723 52
Level 1    
Financial Assets    
Note receivable from a related party 0 0
Total financial assets 2,155 2,386
Level 1 | Money market funds    
Financial Assets    
Cash and cash equivalents 2,155 2,386
Level 1 | Commercial paper    
Financial Assets    
Non-marketable debt securities: 0 0
Level 1 | U.S. government and agency securities    
Financial Assets    
Non-marketable debt securities: 0 0
Level 1 | Corporate bonds    
Financial Assets    
Non-marketable debt securities: 0 0
Level 1 | Non-marketable debt securities    
Financial Assets    
Non-marketable debt securities: 0 0
Level 1 | Non-marketable equity securities    
Financial Assets    
Non-marketable equity securities 0 0
Level 2    
Financial Assets    
Note receivable from a related party 0 0
Total financial assets 943 1,476
Level 2 | Money market funds    
Financial Assets    
Cash and cash equivalents 0 0
Level 2 | Commercial paper    
Financial Assets    
Non-marketable debt securities: 440 611
Level 2 | U.S. government and agency securities    
Financial Assets    
Non-marketable debt securities: 322 542
Level 2 | Corporate bonds    
Financial Assets    
Non-marketable debt securities: 181 323
Level 2 | Non-marketable debt securities    
Financial Assets    
Non-marketable debt securities: 0 0
Level 2 | Non-marketable equity securities    
Financial Assets    
Non-marketable equity securities 0 0
Level 3    
Financial Assets    
Note receivable from a related party 81 83
Total financial assets 5,395 2,476
Level 3 | Money market funds    
Financial Assets    
Cash and cash equivalents 0 0
Level 3 | Commercial paper    
Financial Assets    
Non-marketable debt securities: 0 0
Level 3 | U.S. government and agency securities    
Financial Assets    
Non-marketable debt securities: 0 0
Level 3 | Corporate bonds    
Financial Assets    
Non-marketable debt securities: 0 0
Level 3 | Non-marketable debt securities    
Financial Assets    
Non-marketable debt securities: 3,591 2,341
Level 3 | Non-marketable equity securities    
Financial Assets    
Non-marketable equity securities $ 1,723 $ 52
v3.21.1
Investments and Fair Value Measurement - Summary of Amortized Costs and Fair Value of Financial Assets (Details)
$ in Millions
Mar. 31, 2021
USD ($)
Amortized Cost  
Amortized Cost, Within one year $ 931
Amortized Cost, One year through five years 2,292
Amortized Cost 3,223
Fair Value  
Fair Value, Within one year 932
Fair Value, One year through five years 3,602
Fair Value $ 4,534
v3.21.1
Investments and Fair Value Measurement - Summary of Amortized Cost, Unrealized Gains and Losses of Financial Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost $ 2,281 $ 2,281
Recurring    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 3,223 3,756
Unrealized Gains 1,311 61
Unrealized Losses 0 0
Fair Value 4,534 3,817
Recurring | Commercial paper    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 440 611
Unrealized Gains 0 0
Unrealized Losses 0 0
Fair Value 440 611
Recurring | U.S. government and agency securities    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 322 542
Unrealized Gains 0 0
Unrealized Losses 0 0
Fair Value 322 542
Recurring | Corporate bonds    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 180 322
Unrealized Gains 1 1
Unrealized Losses 0 0
Fair Value 181 323
Recurring | Non-marketable debt securities    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 2,281 2,281
Unrealized Gains 1,310 60
Unrealized Losses 0 0
Fair Value $ 3,591 $ 2,341
v3.21.1
Investments and Fair Value Measurement - Summary of Unobservable Inputs (Details)
 3 Months Ended
Mar. 31, 2021
$ / shares
Relative weighting | Option Pricing Model  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Measurement input 0.45
Relative weighting | Common Stock Equivalent  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Measurement input 0.55
Transaction price per share | Option Pricing Model  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Measurement input 6.16
Volatility | Option Pricing Model  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Measurement input 0.67
Estimated time to liquidity | Option Pricing Model  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Estimated time to liquidity 1 year 6 months
Estimated time to liquidity | Common Stock Equivalent | Minimum  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Estimated time to liquidity 6 months
Estimated time to liquidity | Common Stock Equivalent | Maximum  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Estimated time to liquidity 1 year
Discount rate | Common Stock Equivalent  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Measurement input 0.25
v3.21.1
Investments and Fair Value Measurement - Narrative (Details)
 3 Months Ended
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Marketable Securities [Line Items]    
Allowance for credit loss $ 0 $ 0
Total carrying value at the end of the period 6,399,000,000 6,576,000,000
Non-marketable Debt Securities    
Marketable Securities [Line Items]    
Included in other comprehensive income (loss) 1,250,000,000  
Grab    
Marketable Securities [Line Items]    
Included in other comprehensive income (loss) 1,300,000,000  
Aurora    
Marketable Securities [Line Items]    
Total carrying value at the end of the period 1,677,000,000 0
Didi    
Marketable Securities [Line Items]    
Total carrying value at the end of the period 5,876,000,000 $ 6,299,000,000
Proceeds from sale of non-marketable equity securities $ 500,000,000  
Option Pricing Model | Aurora    
Marketable Securities [Line Items]    
Time to liquidity 4 years 9 months  
Option Pricing Model | Aurora | Volatility    
Marketable Securities [Line Items]    
Measurement input 0.65  
v3.21.1
Investments and Fair Value Measurement - Fair Value of Unobservable Inputs, Assets (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2021
USD ($)
Non-marketable Debt Securities  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance $ 2,341
Total net gains (losses)  
Included in earnings 0
Included in other comprehensive income (loss) 1,250
Purchases 0
Ending balance 3,591
Non-marketable equity securities  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance 52
Total net gains (losses)  
Included in earnings (6)
Included in other comprehensive income (loss) 0
Purchases 1,677
Ending balance 1,723
Note Receivables  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]  
Beginning balance 83
Total net gains (losses)  
Included in earnings (2)
Included in other comprehensive income (loss) 0
Purchases 0
Ending balance $ 81
v3.21.1
Investments and Fair Value Measurement - Unrealized Gain (Loss) on Non-Marketable Securities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Fair Value Disclosures [Abstract]    
Upward adjustments $ 71 $ 0
Downward adjustments (including impairment) 0 (1,690)
Total unrealized gain (loss) for non-marketable equity securities $ 71 $ (1,690)
v3.21.1
Investments and Fair Value Measurement - Change In Equity Securities (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Fair Value Disclosures [Abstract]    
Initial cost basis $ 6,060 $ 6,282
Upward adjustments 1,900 1,984
Downward adjustments (including impairment) (1,561) (1,690)
Total carrying value at the end of the period $ 6,399 $ 6,576
v3.21.1
Leases - Lease Costs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Finance lease cost:    
Amortization of assets $ 52 $ 44
Interest on lease liabilities 4 4
Operating Lease, Cost 77 95
Short-term lease cost 3 6
Variable lease cost 21 30
Sublease income 0 (1)
Total lease cost $ 157 $ 178
v3.21.1
Leases - Additional Lease Information (Details)
Mar. 31, 2021
Dec. 31, 2020
Weighted-average remaining lease term    
Operating leases 16 years 16 years
Finance leases 2 years 2 years
Weighted-average discount rate    
Operating leases (as a percent) 7.10% 7.00%
Finance leases (as a percent) 5.30% 5.40%
v3.21.1
Leases - Maturity of Lease Liabilities (Details)
$ in Millions
Mar. 31, 2021
USD ($)
Operating Leases  
Remainder of 2021 $ 142
2022 309
2023 280
2024 237
2025 192
Thereafter 2,112
Total undiscounted lease payments 3,272
Less: imputed interest (1,570)
Total lease liabilities 1,702
Finance Lease Excluding Finance Obligation  
Lessee, Lease, Description [Line Items]  
Remainder of 2021 137
2022 110
2023 27
2024 1
2025 0
Thereafter 0
Total undiscounted lease payments 275
Less: imputed interest (14)
Total lease liabilities $ 261
v3.21.1
Leases - Narrative (Details)
$ in Millions
Mar. 31, 2021
USD ($)
Lessee, Lease, Description [Line Items]  
Operating lease, lease not yet commenced $ 477
Finance lease, lease not yet commenced $ 3
Minimum  
Lessee, Lease, Description [Line Items]  
Operating lease, lease not yet commenced, term 3 years
Finance lease, lease not yet commenced, term 3 years
Maximum  
Lessee, Lease, Description [Line Items]  
Operating lease, lease not yet commenced, term 11 years
Finance lease, lease not yet commenced, term 11 years
v3.21.1
Goodwill and Intangible Assets - Goodwill (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2021
USD ($)
Goodwill [Roll Forward]  
Goodwill $ 6,109
Acquisitions 61
Measurement period adjustment 170
Foreign currency translation adjustment 12
Goodwill 6,352
Mobility  
Goodwill [Roll Forward]  
Goodwill 2,562
Acquisitions 0
Measurement period adjustment 0
Foreign currency translation adjustment 12
Goodwill 2,574
Delivery  
Goodwill [Roll Forward]  
Goodwill 3,547
Acquisitions 61
Measurement period adjustment 170
Foreign currency translation adjustment 0
Goodwill 3,778
Freight  
Goodwill [Roll Forward]  
Goodwill 0
Acquisitions 0
Measurement period adjustment 0
Foreign currency translation adjustment 0
Goodwill $ 0
v3.21.1
Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Value $ 1,722 $ 1,739
Accumulated Amortization (267) (175)
Net Carrying Value 1,455 1,564
Rider and Merchant relationships    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Value 1,035 1,007
Accumulated Amortization (124) (81)
Net Carrying Value $ 911 $ 926
Weighted Average Remaining Useful Life - Years 7 years 8 years
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Value $ 484 $ 529
Accumulated Amortization (111) (69)
Net Carrying Value $ 373 $ 460
Weighted Average Remaining Useful Life - Years 2 years 2 years
Trade names and trademarks    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Value $ 183 $ 183
Accumulated Amortization (23) (16)
Net Carrying Value $ 160 $ 167
Weighted Average Remaining Useful Life - Years 6 years 7 years
Patents    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Value $ 15 $ 15
Accumulated Amortization (6) (6)
Net Carrying Value $ 9 $ 9
Weighted Average Remaining Useful Life - Years 8 years 8 years
Other    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Value $ 5 $ 5
Accumulated Amortization (3) (3)
Net Carrying Value $ 2 $ 2
Weighted Average Remaining Useful Life - Years 0 years 0 years
v3.21.1
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Amortization of intangible assets $ 92 $ 28
v3.21.1
Goodwill and Intangible Assets - Estimated Future Amortization (Details)
$ in Millions
Mar. 31, 2021
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
Remainder of 2021 $ 316
2022 365
2023 206
2024 160
2025 79
Thereafter 317
Total $ 1,443
v3.21.1
Long-Term Debt and Revolving Credit Arrangements - Components of Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Total debt $ 7,907 $ 7,914
Less: unamortized discount and issuance costs (79) (327)
Less: current portion of long-term debt (27) (27)
Total long-term debt 7,801 7,560
Secured Loans | 2016 Senior Secured Term Loan    
Debt Instrument [Line Items]    
Total debt $ 0 1,101
Effective interest rate 0.00%  
Secured Loans | 2018 Senior Secured Term Loan    
Debt Instrument [Line Items]    
Total debt $ 0 1,463
Effective interest rate 0.00%  
Secured Loans | 2025 Refinanced Term Loan    
Debt Instrument [Line Items]    
Total debt $ 1,459 0
Effective interest rate 3.80%  
Secured Loans | 2027 Refinanced Term Loan    
Debt Instrument [Line Items]    
Total debt $ 1,098 0
Effective interest rate 3.80%  
Senior Note | 2025 Senior Note    
Debt Instrument [Line Items]    
Total debt $ 1,000 1,000
Effective interest rate 7.70%  
Senior Note | 2026 Senior Note    
Debt Instrument [Line Items]    
Total debt $ 1,500 1,500
Effective interest rate 8.10%  
Senior Note | 2027 Senior Note    
Debt Instrument [Line Items]    
Total debt $ 1,200 1,200
Effective interest rate 7.70%  
Senior Note | 2028 Senior Note    
Debt Instrument [Line Items]    
Total debt $ 500 500
Effective interest rate 7.00%  
Convertible Notes | 2025 Convertible Note    
Debt Instrument [Line Items]    
Total debt $ 1,150 $ 1,150
Effective interest rate 0.20%  
v3.21.1
Long-Term Debt and Revolving Credit Arrangements - Narrative (Details)
 1 Months Ended 3 Months Ended
Jan. 01, 2021
USD ($)
Dec. 31, 2020
USD ($)
segment
$ / shares
Rate
Mar. 31, 2020
USD ($)
Mar. 31, 2021
USD ($)
Feb. 25, 2021
USD ($)
Dec. 31, 2019
USD ($)
Debt Instrument [Line Items]            
Decrease to additional paid-in capital   $ 12,967,000,000 $ 12,028,000,000 $ 13,598,000,000   $ 14,872,000,000
Reclassification of the equity component of 2025 Convertible Notes to liability upon adoption of ASU 2020-06     (243,000,000)      
Additional Paid-In Capital            
Debt Instrument [Line Items]            
Decrease to additional paid-in capital   35,931,000,000 31,035,000,000 36,182,000,000   $ 30,739,000,000
Reclassification of the equity component of 2025 Convertible Notes to liability upon adoption of ASU 2020-06 $ (243,000,000)   $ (243,000,000)      
Secured Loans | Refinanced Term Loans            
Debt Instrument [Line Items]            
Aggregate principal amount         $ 2,600,000,000  
Secured Loans | 2027 Refinanced Term Loan            
Debt Instrument [Line Items]            
Aggregate principal amount         1,100,000,000  
Secured Loans | 2027 Refinanced Term Loan | Level 2            
Debt Instrument [Line Items]            
Fair Value of long-term debt       1,100,000,000    
Secured Loans | 2025 Refinanced Term Loan            
Debt Instrument [Line Items]            
Aggregate principal amount         $ 1,500,000,000  
Secured Loans | 2025 Refinanced Term Loan | Level 2            
Debt Instrument [Line Items]            
Fair Value of long-term debt       1,500,000,000    
Senior Note | Level 2            
Debt Instrument [Line Items]            
Fair Value of long-term debt       4,572,000,000    
Line of Credit | Revolving Credit Facility            
Debt Instrument [Line Items]            
Borrowing capacity       2,300,000,000    
Line of credit balance       0    
Line of Credit | Letters of Credit            
Debt Instrument [Line Items]            
Letters of credit outstanding   649,000,000   680,000,000    
Letters of credit outstanding that will reduce the available credit under facilities   233,000,000   264,000,000    
Convertible Notes | 2025 Convertible Note            
Debt Instrument [Line Items]            
Aggregate principal amount   $ 1,150,000,000        
Stated interest rate   0.00%        
Additional principal amount   $ 150,000,000        
Conversion price (in dollars per share) | $ / shares   $ 80.84        
Conversion ratio | Rate   1.23701%        
Redemption price (in percent)   1.00%        
Interest costs capitalized   $ 243,000,000        
Convertible Notes | 2025 Convertible Note | Debt Conversion Terms One            
Debt Instrument [Line Items]            
Threshold trading days | segment   20        
Threshold consecutive trading days | segment   30        
Threshold percentage of stock price trigger   1.30%        
Convertible Notes | 2025 Convertible Note | Debt Conversion Terms Two            
Debt Instrument [Line Items]            
Threshold trading days | segment   5        
Threshold consecutive trading days | segment   10        
Threshold percentage of stock price trigger   0.98%        
Convertible Notes | 2025 Convertible Note | Level 2            
Debt Instrument [Line Items]            
Fair Value of long-term debt       $ 1,200,000,000    
v3.21.1
Long-Term Debt and Revolving Credit Arrangements - Fair Value of Senior Notes (Details) - Level 2 - Senior Note
$ in Millions
Mar. 31, 2021
USD ($)
Debt Instrument [Line Items]  
Fair Value of long-term debt $ 4,572
2025 Senior Note  
Debt Instrument [Line Items]  
Fair Value of long-term debt 1,079
2026 Senior Note  
Debt Instrument [Line Items]  
Fair Value of long-term debt 1,626
2027 Senior Note  
Debt Instrument [Line Items]  
Fair Value of long-term debt 1,326
2028 Senior Note  
Debt Instrument [Line Items]  
Fair Value of long-term debt $ 541
v3.21.1
Long-Term Debt and Revolving Credit Arrangements - Interest Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Debt Disclosure [Abstract]    
Contractual interest coupon $ 111 $ 105
Amortization of debt discount and issuance costs 7 3
Total interest expense from long-term debt $ 118 $ 108
v3.21.1
Supplemental Financial Statement Information - Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Other receivables $ 542 $ 464
Other 776 751
Prepaid expenses and other current assets $ 1,318 $ 1,215
v3.21.1
Supplemental Financial Statement Information - Accrued and Other Current Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accrued legal, regulatory and non-income taxes $ 2,559 $ 1,811
Accrued Drivers and Merchants liability 594 651
Income and other tax liabilities 238 203
Other 2,278 2,447
Accrued and other current liabilities $ 5,669 $ 5,112
v3.21.1
Supplemental Financial Statement Information - Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Stockholders' equity, beginning balance $ 12,266  
Other comprehensive income (loss) before reclassifications 1,189 $ (208)
Amounts reclassified from accumulated other comprehensive income (loss) 0 0
Other comprehensive income (loss) 1,189 (208)
Stockholders' equity, ending balance 13,598  
Accumulated Other Comprehensive Loss    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Stockholders' equity, beginning balance (535) (187)
Stockholders' equity, ending balance 654 (395)
Foreign Currency Translation Adjustments    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Stockholders' equity, beginning balance (581) (231)
Other comprehensive income (loss) before reclassifications 33 (148)
Amounts reclassified from accumulated other comprehensive income (loss) 0 0
Other comprehensive income (loss) 33 (148)
Stockholders' equity, ending balance (548) (379)
Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax    
AOCI Attributable to Parent, Net of Tax [Roll Forward]    
Stockholders' equity, beginning balance 46 44
Other comprehensive income (loss) before reclassifications 1,156 (60)
Amounts reclassified from accumulated other comprehensive income (loss) 0 0
Other comprehensive income (loss) 1,156 (60)
Stockholders' equity, ending balance $ 1,202 $ (16)
v3.21.1
Supplemental Financial Statement Information - Other Income (Expenses), Net (Details) - USD ($)
$ in Millions
 3 Months Ended
Jan. 19, 2021
Mar. 31, 2021
Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Interest income   $ 5 $ 38
Foreign currency exchange gains (losses), net   (25) (28)
Gain on the sale of the ATG Business   1,684 154
Unrealized gain (loss) on debt and equity securities, net   63 (114)
Allowance reversal (impairment) of debt and equity securities     (1,863)
Other, net   (17) 18
Other income (expense), net   1,710 (1,795)
Credit losses on securities for which credit losses were not previously recorded     (173)
Apparate | Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Gain on the sale of the ATG Business $ 1,644 $ 1,600  
Uber Eats India      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Gain on the sale of the ATG Business     $ 154
v3.21.1
Supplemental Financial Statement Information - Other Long-Term Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Deferred tax liabilities $ 1,023 $ 818
Other 717 488
Other long-term liabilities $ 1,740 $ 1,306
v3.21.1
Stockholder's Equity - Narrative (Details)
$ in Billions
 3 Months Ended
Mar. 31, 2021
USD ($)
equityCompensationPlan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Number of equity compensation plans | equityCompensationPlan 4
Restricted Stock Awards, Restricted Stock Units, and Stock Appreciation Rights  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unamortized compensation costs | $ $ 3.0
Weighted-average recognition period 3 years 1 month 17 days
v3.21.1
Stockholder's Equity - SAR and Option Activity (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Share-Based Compensation Arrangement By Share-Based Payment Award, Options And Equity Instruments Other Than Options, Nonvested, Number Of Shares [Abstract]    
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) $ 12.87  
Weighted-Average Exercise Price Per Share, Awards granted (in dollars per share) 14.68  
Weighted-Average Exercise Price Per Share, Awards exercised (in dollars per share) 10.57  
Weighted-Average Exercise Price Per Share, Awards canceled and forfeited (in dollars per share) 19.28  
Weighted-Average Exercise Price Per Share, Outstanding (in dollars per share) 13.19 $ 12.87
Weighted-Average Exercise Price Per Share, Vested and expected to vest (in dollars per share) 8.57  
Weighted-Average Exercise Price Per Share, Exercisable (in dollars per share) $ 8.57  
Share-Based Compensation Arrangement By Share-based Payment Award, Options And Equity Instruments Other Than Options, Nonvested, Additional Disclosures [Abstract]    
Weighted-Average Contractual Life, Outstanding 4 years 3 months 3 days 4 years 11 months 19 days
Weighted-Average Contractual Life, Vested and expected to vest 3 years 6 months 25 days  
Weighted-Average Contractual Life, Exercisable 3 years 6 months 25 days  
Aggregate Intrinsic Value, Outstanding $ 1,086 $ 1,104
Aggregate Intrinsic Value, Vested and expected to vest 902  
Aggregate Intrinsic Value, Exercisable $ 902  
SARs Outstanding Number of SARs    
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]    
Shares outstanding 229  
Awards granted 0  
Awards exercised (21)  
Awards Canceled and Forfeited (in shares) (1)  
Shares outstanding 207 229
Vested and expected to vest 151  
Exercisable 151  
Stock options    
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]    
Options outstanding 28,734  
Awards granted 891  
Awards exercised (3,390)  
Awards canceled and forfeited (162)  
Options outstanding 26,073 28,734
Vested and expected to vest 19,476  
Exercisable 19,476  
v3.21.1
Stockholder's Equity - Restricted Stock Units Activity (Details) - RSUs
shares in Thousands
 3 Months Ended
Mar. 31, 2021
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Shares outstanding (in shares) | shares 83,736
Awards granted (in shares) | shares 19,108
Awards vested (in shares) | shares (11,091)
Awards Canceled and Forfeited (in shares) | shares (9,607)
Shares outstanding (in shares) | shares 82,146
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]  
Weighted-Average Grant-Date Fair Value per Share, Unvested and Outstanding (in dollars per share) | $ / shares $ 34.17
Weighted-Average Grant-Date Fair Value per Share, Granted (in dollars per share) | $ / shares 59.44
Weighted-Average Grant-Date Fair Value per Share, Vested (in dollars per share) | $ / shares 34.75
Weighted-Average Grant-Date Fair Value per Share, Canceled and Forfeited (in dollars per share) | $ / shares 34.64
Weighted-Average Grant-Date Fair Value per Share, Unvested and Outstanding (in dollars per share) | $ / shares $ 39.95
v3.21.1
Stockholder's Equity - Stock-Based Compensation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based compensation expense $ 281 $ 277
Operations and support    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based compensation expense 28 25
Sales and marketing    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based compensation expense 22 14
Research and development    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based compensation expense 133 167
General and administrative    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based compensation expense $ 98 $ 71
v3.21.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Tax Disclosure [Abstract]    
Provision for (benefit from) income taxes $ 185 $ (242)
Increase in gross unrecognized tax benefits 112  
Unrecognized tax benefits that would impact effective tax rate 52  
Unrecognized tax benefits that would not impact effective tax rate $ 60  
v3.21.1
Net Income (Loss) Per Share - Computation (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Numerator    
Net loss including non-controlling interests $ (122) $ (2,946)
Add: net loss attributable to non-controlling interests, net of tax 14 10
Net loss attributable to common stockholders $ (108) $ (2,936)
Denominator    
Basic weighted-average common stock outstanding (in shares) 1,858,525 1,724,367
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.06) $ (1.70)
Numerator    
Diluted net loss attributable to common stockholders $ (108) $ (2,936)
Denominator    
Diluted weighted-average common stock outstanding (in shares) 1,858,525 1,724,367
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.06) $ (1.70)
v3.21.1
Net Income (Loss) Per Share - Antidilutive Securities (Details) - shares
shares in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 146,056 182,813
Freight Holdings contingently redeemable preferred stock    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 13,586 0
Convertible notes    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 22,013 30,387
RSUs    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 82,146 115,206
Stock options    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 26,073 31,285
Common stock subject to repurchase    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 28 109
RSUs to settle fixed monetary awards    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 0 248
Shares committed under ESPP    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 2,084 5,452
Warrants to purchase common stock    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 126 126
v3.21.1
Segment Information and Geographic Information - Summary (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2021
USD ($)
segment
Mar. 31, 2020
USD ($)
Segment Reporting [Abstract]    
Number of operating segments | segment 3  
Number of reportable segments | segment 3  
Segment Reporting Information [Line Items]    
Depreciation and amortization $ (212) $ (128)
Stock-based compensation expense (281) (277)
Loss from operations (1,524) (1,263)
Segments    
Segment Reporting Information [Line Items]    
Total segment adjusted EBITDA 58 33
Segments | Mobility    
Segment Reporting Information [Line Items]    
Total segment adjusted EBITDA 298 581
Segments | Delivery    
Segment Reporting Information [Line Items]    
Total segment adjusted EBITDA (200) (313)
Segments | Freight    
Segment Reporting Information [Line Items]    
Total segment adjusted EBITDA (29) (64)
Segments | All Other    
Segment Reporting Information [Line Items]    
Total segment adjusted EBITDA (11) (171)
Reconciling items:    
Segment Reporting Information [Line Items]    
Corporate G&A and Platform R&D (417) (645)
Depreciation and amortization (212) (128)
Stock-based compensation expense (281) (277)
Legal, tax, and regulatory reserve changes and settlements (551) (19)
Goodwill and asset impairments/loss on sale of assets 57 193
Acquisition, financing and divestitures related expenses (36) (10)
Accelerated lease costs related to cease-use of ROU assets (2) 0
COVID-19 response initiatives $ (26) $ (24)
v3.21.1
Segment Information and Geographic Information - Geographic Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Segment Reporting Information [Line Items]    
Revenue $ 2,903 $ 3,248
United States    
Segment Reporting Information [Line Items]    
Revenue 1,683 1,952
France    
Segment Reporting Information [Line Items]    
Revenue 391 134
All other countries    
Segment Reporting Information [Line Items]    
Revenue $ 829 $ 1,162
v3.21.1
Commitments and Contingencies (Details)
$ in Millions
 3 Months Ended
Mar. 16, 2021
segment
Feb. 07, 2020
USD ($)
Mar. 26, 2019
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Loss Contingencies [Line Items]          
Loss contingency accrual       $ 2,600 $ 1,800
Non-income tax, current       $ 1,200 $ 1,300
UNITED KINGDOM          
Loss Contingencies [Line Items]          
Number of drivers treated as workers (more than) | segment 70,000        
HMRC          
Loss Contingencies [Line Items]          
Value-added-tax percentage       20.00%  
Google v. Levandowski          
Loss Contingencies [Line Items]          
Settlement amount awarded to other party   $ 10 $ 127    
Estimated settlement cost       $ 60  
Joint and Several Liability          
Loss Contingencies [Line Items]          
Settlement amount awarded to other party     $ 1    
v3.21.1
Variable Interest Entities ("VIEs") - Narrative (Details) - USD ($)
$ in Millions
Feb. 12, 2021
Jan. 11, 2021
Mar. 31, 2021
Dec. 31, 2020
Variable Interest Entity [Line Items]        
Assets     $ 34,655 $ 33,252
Total carrying value at the end of the period     6,399 6,576
Capital contribution contingent on regulatory approval $ 185      
Term of contingent consideration 8 years      
Loan receivable issued $ 213      
Variable Interest Entity, Not Primary Beneficiary        
Variable Interest Entity [Line Items]        
Assets     2,200 308
Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Assets     668 1,200
Aurora        
Variable Interest Entity [Line Items]        
Total carrying value at the end of the period     $ 1,677 $ 0
CS Mexico        
Variable Interest Entity [Line Items]        
Interest acquired (in percent)   55.00%    
Moove        
Variable Interest Entity [Line Items]        
Ownership interest 30.00%      
CS-Global | CS Mexico        
Variable Interest Entity [Line Items]        
Ownership interest   100.00%    
v3.21.1
Non-Controlling Interests (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Jan. 19, 2021
Jan. 11, 2021
Dec. 31, 2020
CS Mexico        
Noncontrolling Interest [Line Items]        
Interest acquired (in percent)     55.00%  
Apparate        
Noncontrolling Interest [Line Items]        
Derecognition of ATG Business' non-controlling interests   $ 1,100    
Apparate | Toyota Motor North America, Inc. and DENSO International America, Inc.        
Noncontrolling Interest [Line Items]        
Derecognition of ATG Business' s non-redeemable noncontrolling interest   701    
Apparate | Softbank        
Noncontrolling Interest [Line Items]        
Derecognition of ATG Business' s redeemable noncontrolling interest   $ 356    
Freight Holding        
Noncontrolling Interest [Line Items]        
Ownership percentage in non-controlling interest 85.00%     85.00%
Diluted ownership percentage in non-controlling interest 79.00%     79.00%
CS-Global        
Noncontrolling Interest [Line Items]        
Ownership percentage in non-controlling interest 55.00%     55.00%
Diluted ownership percentage in non-controlling interest 52.00%     52.00%
v3.21.1
Business Combination - Narrative (Details) - USD ($)
 3 Months Ended
Jan. 11, 2021
Dec. 01, 2020
Jan. 02, 2020
Mar. 31, 2021
Sep. 30, 2020
Business Acquisition [Line Items]          
Term loan receivables settled       $ 352,000,000  
Term loan receivables settled in cash       194,000,000  
Term loan receivables settled in equity       158,000,000  
Goodwill purchase period adjustment       170,000,000  
CS Mexico          
Business Acquisition [Line Items]          
Interest acquired (in percent) 55.00%        
CS-Global | CS Mexico          
Business Acquisition [Line Items]          
Ownership interest 100.00%        
Careem Inc.          
Business Acquisition [Line Items]          
Consideration transferred     $ 3,000,000,000.0    
Term notes receivables     $ 1,600,000,000    
Term of term loan receivables     90 days    
Commitment to issue unsecured convertible notes in connection with Careem acquisition       302,000,000  
Commitment to issue unsecured convertible notes in connection with Careem acquisition       121,000,000  
Careem Inc. | The Careem Notes | Convertible notes          
Business Acquisition [Line Items]          
Conversion price (in dollars per share)     $ 55    
Careem Inc. | The Careem Notes | Convertible notes          
Business Acquisition [Line Items]          
Aggregate principal amount     $ 880,000,000    
CS-Global          
Business Acquisition [Line Items]          
Interest acquired (in percent)         55.00%
Period after closing date         5 years
CS-Mexico | CS-Global          
Business Acquisition [Line Items]          
Voting interest to be acquired contingent on regulatory approval         100.00%
Postmates Inc.          
Business Acquisition [Line Items]          
Consideration transferred   $ 3,900,000,000      
Interest acquired (in percent)   100.00%      
Goodwill purchase period adjustment       170,000,000  
Accrued and other liability, purchase accounting adjustments       $ 170,000,000  
v3.21.1
Divestitures - Narrative (Details) - Not Discontinued Operations
$ in Millions
Jan. 19, 2021
USD ($)
Aurora  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Common shares received $ 1,277
Apparate  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Derecognition of ATG Business' non-controlling interests $ 1,057
Vesting term 12 months
Liability recognized for future obligations $ 315
Apparate | Aurora  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Common shares received $ 1,300
Equity interest received, diluted (in percent) 22.00%
Equity interest received, basic (in percent) 25.00%
Additional investment $ 400
Additional equity interest received, diluted (in percent) 4.00%
Additional equity interest received, basic (in percent) 5.00%
v3.21.1
Divestitures - Gain on sale (Details) - USD ($)
$ in Millions
 3 Months Ended
Jan. 19, 2021
Mar. 31, 2021
Mar. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Gain on the sale of the ATG Business   $ 1,684 $ 154
Apparate | Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Liability recognized for future obligations $ (315)    
Net consideration received for sale of the ATG Business 2,019    
Carrying value of net assets transferred (375)    
Gain on the sale of the ATG Business 1,644 $ 1,600  
Aurora | Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Common shares received 1,277    
Aurora | Apparate | Not Discontinued Operations      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Common shares received $ 1,300    
v3.21.1
Label Element Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $ 7,391,000,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $ 12,067,000,000