Uber Technologies, Inc (UBER): debt financing — Uber Q2 2023: first GAAP operating profit $326M, CFO Chai to exit Jan 2024; VAT dispute paid

Uber Technologies, Inc

2023-Q2 EPS reported $0.10 revenue$18,053,000,000

Net income $394M (incl $386M unrealized gains); revenue $9.23B +14% YoY; GAAP operating profit $326M, first in history.
Adjusted EBITDA $916M (+152% YoY), margin 2.7% of gross bookings; free cash flow $1.14B.
CFO Nelson Chai to depart Jan 5, 2024; search underway; departure treated as qualifying termination with severance.
UK tax authorities assessed £386M ($487M) VAT dispute; paid to dispute in court, no income statement impact.
Gross bookings $33.6B (+16% YoY); trips 2.3B (+22% YoY); MAPCs 137M; Mobility EBITDA $1.17B.

item 1.01 item 2.02 item 2.03 item 5.02 item 9.01

Executive movements

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Departed

Nelson Chai

Chief Financial Officer

UBER · Uber Technologies, Inc

Effective: 2024-01-05
Filed: August 1, 2023, 7:59 PM ET

On August 1, 2023, the Company announced that Nelson Chai, Chief Financial Officer, will leave the Company on January 5, 2024.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Uber Technologies, Inc amended revolving credit of $250,000,000 with Mizuho Bank Ltd. maturing the Amended Revolving Credit Agreement is $2.485 billion.

Instrument: revolving credit
Principal: $250,000,000
Counterparty: Mizuho Bank Ltd.
Maturity: the Amended Revolving Credit Agreement is $2.485 billion
Event: amendment

Exact text from the filing

The Joinder Agreement, among other things, increases the available commitments under the Amended Revolving Credit Agreement by an aggregate principal amount of $250,000,000

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Uber Technologies, Inc reported the quarter ended June 30, 2023 results: revenue $9.2 billion, net income $394 million.

Period: the quarter ended June 30, 2023
Revenue: $9.2 billion
Net income: $394 million
Result: reported results

Exact text from the filing

(+12% YoY or +14% YoY constant currency). Trips during the quarter grew 22% YoY to 2.3 billion, or approximately 25 million trips per day on average. • Revenue grew 14% YoY to $9.2 billion, or 17% on a constant currency basis. • Income from operations was $326 million, up $1.0 billion YoY and $588 million quarter-over-quarter (“QoQ”). • Net income attributable to

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Executive change SEC 8-K Item 5.02 confidence 0.95

Nelson Chai departed as Chief Financial Officer at Uber Technologies, Inc.

Action: leave
Role: Chief Financial Officer

Exact text from the filing

On August 1, 2023, the Company announced that Nelson Chai, Chief Financial Officer, will leave the Company on January 5, 2024.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Uber Technologies, Inc amended Joinder Agreement to Revolving Credit Agreement with Mizuho Bank Ltd. valued at $250,000,000 (effective 2023-07-28).

Action: amendment
Agreement: credit facility
Counterparty: Mizuho Bank Ltd.
Value: $250,000,000
Effective: 2023-07-28

Exact text from the filing

On July 28, 2023, Uber Technologies, Inc. (the “Company”) entered into a Joinder Agreement to Revolving Credit Agreement (“Joinder Agreement”) with, among others, Mizuho Bank Ltd. as an incremental revolving loan lender

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26 debt financings filed in the last 30 days. Browse all debt financings →

Uber Technologies, Inc filing history →

Source: SEC EDGAR

accession 0001543151-23-000021

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