Uber(US:UBER)2024-10-31 20:06Financial Position and Investments - As of September 30, 2024, the company had cash and cash equivalents totaling $9.0 billion, up from $7.0 billion as of December 31, 2023 [217] - Marketable debt securities classified as restricted investments and short-term investments totaled $9.5 billion as of September 30, 2024 [217] - The carrying value of the company's investments, including equity method investments, was $8.2 billion as of September 30, 2024 [218] - The company's cash, cash equivalents, and marketable debt securities primarily consist of money market funds, cash deposits, U.S. government securities, U.S. government agency securities, and investment-grade corporate debt securities [217] - The company's investment policy aims to preserve capital and meet liquidity requirements without significantly increasing risk [217] Debt and Interest Rate Sensitivity - The company fully repaid all loans outstanding under the 2030 Refinanced Term Loans agreement in September 2024, totaling approximately $1.97 billion in aggregate principal amount [216] - A hypothetical 100 basis point increase in interest rates would have increased the fair value of the company's fixed rate notes by $513 million as of September 30, 2024 [216] Foreign Currency Risks and Hedging - The company is exposed to foreign currency risks related to revenue and operating expenses denominated in currencies other than the U.S. dollar [219] - The company entered into foreign currency derivative contracts in Q2 2024 to mitigate foreign currency exchange risk [219] Tax and Legal Matters - Uber UK has been assessed approximately $1.4 billion (£1.1 billion) for unpaid VAT by HMRC for the period from March 2022 to March 2024, which the company is appealing [211]