Ask HN: Uber’s Cash in Hand Position

2 points by xfour 6y ago ↗ HN

Seems to be around 13B, so at a net loss on 1.2B with no new cash infusion, they could still keep losing the same amount of money for a bit under 3 years and stay solvent.

Is this typical of a company going IPO to raise such a large amount or is the CFO and financial team there setting up what in startup terms would be considered a long runway On purpose.

4 comments

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matt_the_bass 6y ago ↗

Why only 3 years? 13 / 1.2 is about 10.

thiago_fm 6y ago ↗

he's talking about the quarter loss

matt_the_bass 6y ago ↗

Ahh! Thanks.

x2f10 6y ago ↗

Are you looking at Q2 results NI (1,162,XXX,XXX)? If so, you shouldn't be. NI includes multiple book transactions that do not necessarily have a cash impact (depreciation / amortization, expense accruals, goodwill, etc). You'd be better served to look at their STATEMENT OF CASH FLOWS.