Supplemental Financial Statement Information

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Statement Information

Note 10 - Supplemental Financial Statement Information

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of December 31, 2018 and September 30, 2019 were as follows (in millions):



	As of
	December 31, 2018		September 30, 2019
Prepaid expenses	$	265	$	466
Other receivables	416		581
Other	179		269
Prepaid expenses and other current assets	$	860	$	1,316

Accrued and Other Current Liabilities

Accrued and other current liabilities as of December 31, 2018 and September 30, 2019 were as follows (in millions):



	As of
	December 31, 2018		September 30, 2019
Accrued legal, regulatory and non-income taxes	$	1,134	$	1,432
Accrued Partner liability	459		552
Accrued professional and contractor services	298		338
Accrued compensation and employee benefits	261		352
Accrued marketing expenses	152		89
Other accrued expenses	160		340
Income and other tax liabilities	157		174
Government and airport fees payable	104		153
Short-term finance lease obligation for computer equipment	110		130
Other	322		466
Accrued and other current liabilities	$	3,157	$	4,026

Other Long-Term Liabilities

Other long-term liabilities as of December 31, 2018 and September 30, 2019 were as follows (in millions):



	As of
	December 31, 2018		September 30, 2019
Convertible debt embedded derivatives	$	2,018	$	—
Deferred tax liabilities	1,072		1,038
Financing obligation	436		79
Income tax payable	80		71
Other	466		240
Other long-term liabilities	$	4,072	$	1,428

Accumulated Other Comprehensive Income (Loss)

The changes in composition of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2018 and 2019 were as follows (in millions):



	Foreign Currency Translation Adjustments			Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2017	$	(3	)	$	—	$	(3	)
Other comprehensive income (loss) before reclassifications	(219		)	42		(177		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			—		—
Other comprehensive income (loss)	(219		)	42		(177		)
Balance as of September 30, 2018	$	(222	)	$	42	$	(180	)



	Foreign Currency Translation Adjustments			Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax		Total
Balance as of December 31, 2018	$	(228	)	$	40	$	(188	)
Other comprehensive income (loss) before reclassifications	3			—		3
Amounts reclassified from accumulated other comprehensive income (loss)	—			—		—
Other comprehensive income (loss)	3			—		3
Balance as of September 30, 2019	$	(225	)	$	40	$	(185	)

Other Income (Expense), Net

The components of other income (expense), net, for the three and nine months ended September 30, 2018 and 2019 were as follows (in millions):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2019			2018			2019
Interest income	$	27		$	76		$	69		$	184
Foreign currency exchange gains (losses), net	(18		)	8			(42		)	—
Gain on business divestitures ⁽¹⁾	7			—			3,208			—
Gain (loss) on debt and equity securities, net ⁽²⁾	—			(13		)	1,984			1
Change in fair value of embedded derivatives	(89		)	—			(491		)	58
Gain on extinguishment of convertible notes and settlement of derivatives	—			—			—			444
Other	19			(22		)	218			20
Other income (expense), net	$	(54	)	$	49		$	4,946		$	707

⁽¹⁾During the nine months ended September 30, 2018, gain on business divestitures primarily included a $2.2 billion gain on the sale of the Company’s Southeast Asia operations to Grab Holding Inc. (“Grab”) and a $954 million gain on the disposal of the Company’s Uber Russia/CIS operations recognized in the first quarter of 2018. On March 25, 2018, two wholly-owned subsidiaries of the Company signed and completed an agreement with Grab pursuant to which Grab hired employees and acquired certain assets of the Company in the region, including Rider, Drivers, and Eater contracts in Southeast Asia. The net assets contributed by the Company were not material. In exchange, the Company received shares of Grab Series G preferred stock which were recorded at fair value as additional sale consideration. Refer to Note 4 - Equity Method Investments for more information on the disposal of the Company's Uber Russia/CIS operations.

⁽²⁾During the nine months ended September 30, 2018, gain (loss) on debt and equity securities, net represented a $2.0 billion unrealized gain on the Company’s non-marketable equity securities related to Didi recognized in the first quarter of 2018. Refer to Note 3 - Investments and Fair Value Measurement for further information.