Neoliberalism2024 t1_j9fts0w wrote on February 21, 2023 at 4:50 PM

Reply to comment by mikere in FYI for anyone trying to take an Uber/Lyft from LGA on Sunday by RevolutionaryAd5176

Cool now keep reading where they explain how Capex flows through to depreciation and impacts the income statement, like I said three posts ago.

mikere t1_j9fvcog wrote on February 21, 2023 at 5:00 PM

Uber’s capex of 300 million last year results in a whopping $30-40m of annual depreciation assuming a 7-10 year average lifespan and straight line method

Is there any quarter in recent history in which Uber had positive operating income excluding depreciation? I think that would answer the question on whether capex/depreciation is the driver in keeping Uber’s net income negative