ACVA · As filed with the SEC
ACV Auctions cash flow statement, by fiscal year
The statement as ACV Auctions presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash Flows from Operating Activities | |||||||
| Net income (loss) | — | — | (75,261,000) | (102,193,000) | (78,182,000) | (41,021,000) | (77,216,000) |
| Net loss | (66,141) | (79,700) | — | — | — | — | — |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||
| Depreciation and amortization | 43,743 | 36,808 | 19,285 | 11,378 | 8,753 | 7,244 | 1,839 |
| Stock-based compensation expense, net of amounts capitalized | 56,862 | 68,010 | 49,648 | 39,324 | 23,220 | 5,705 | 998 |
| Provision for bad debt | 34,050 | 9,989 | 10,923 | 11,048 | 4,963 | 5,181 | 2,800 |
| (Gain) on contingent liabilities | — | — | — | — | 0 | (3,063) | 0 |
| Other non-cash, net | 3,542 | 741 | (1,464) | (57) | 656 | 901 | 424 |
| Changes in operating assets and liabilities, net of effects from purchases of businesses: | |||||||
| Trade receivables | (31,022) | 17,466 | 14,406 | 47,170 | (120,155) | (29,226) | (51,952) |
| Other operating assets | (10,541) | (424) | (310) | 349 | (2,047) | (5,702) | (1,701) |
| Accrued interest on marketable securities | — | — | — | (1,381) | — | — | — |
| Accounts payable | 46,823 | 16,167 | (34,612) | (73,087) | 242,856 | 66,217 | 46,409 |
| Accrued payroll | — | — | — | (6,000) | 3,236 | 4,095 | 2,520 |
| Accrued other liabilities | — | — | — | (853) | 2,468 | (1,716) | 2,772 |
| Deferred revenue | — | — | — | — | 1,597 | (825) | 1,473 |
| Other operating liabilities | 916 | (3,660) | (500) | (551) | (1,465) | 2,418 | 0 |
| Other assets | — | — | — | (322) | (610) | (665) | (826) |
| Net cash provided by (used in) operating activities | 78,232 | 65,397 | (17,885) | (75,175) | 85,290 | 10,368 | (72,460) |
| Cash Flows from Investing Activities | |||||||
| Net increase in finance receivables | — | — | — | (37,982,000) | (36,956,000) | (5,288,000) | (3,253,000) |
| Net increase in finance receivables | (75,799) | (22,005) | (45,273) | — | — | — | — |
| Purchases of property and equipment | (9,098) | (4,539) | (2,330) | (3,211) | (2,569) | (3,503) | (3,373) |
| Proceeds from sale of real estate | 0 | 14,083 | — | — | — | — | — |
| Capitalization of software costs | (35,555) | (29,702) | (25,840) | (20,185) | (11,460) | (5,382) | (3,220) |
| Purchases of marketable securities | (28,921) | (35,979) | (146,032) | (269,678) | (13,781) | 0 | 0 |
| Maturities and redemptions of marketable securities | — | — | 135,724,000 | 66,990,000 | — | — | — |
| Sales of marketable securities | — | — | 2,402,000 | — | — | — | — |
| Maturities and redemptions of marketable securities | 26,388 | 88,664 | — | — | — | — | — |
| Sales of marketable securities | 48,934 | 130,090 | — | — | — | — | — |
| Acquisition of businesses (net of cash acquired) | 0 | (156,475) | (29,623) | (18,913) | (64,500) | (5,500) | (14,835) |
| Net cash used in investing activities | (74,051) | (15,863) | (110,972) | (282,979) | (129,266) | (19,673) | (24,681) |
| Cash Flows from Financing Activities | |||||||
| Proceeds from issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and other offering costs | — | — | 0 | 0 | 385,736,000 | 0 | 0 |
| Proceeds from long term debt | 423,500 | 491,500 | 420,000 | 275,000 | 5,250 | 6,787 | 0 |
| Payments towards long term debt | — | — | (380,500,000) | (200,000,000) | — | (1,980,000) | — |
| Series D Preferred Stock | — | — | — | — | 0 | 0 | 2,200,000 |
| Series E Preferred Stock | — | — | — | — | 0 | 0 | 160,000,000 |
| Series E1 Preferred Stock | — | — | — | 0 | 0 | 55,000,000 | 0 |
| Payments towards promissory note | — | — | 0 | 0 | (2,637,000) | 0 | 0 |
| Payments towards long term debt | (356,500) | (483,500) | — | — | (9,582) | (1,980) | 0 |
| Proceeds from exercise of stock options | 1,441 | 9,436 | 4,265 | 1,210 | 1,631 | 1,822 | 273 |
| Payments for debt issuance and other financing costs | (3,265) | (2,023) | 0 | 0 | (1,385) | 738 | (776) |
| Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders | — | — | (16,025,000) | (5,458,000) | (2,768,000) | 0 | 0 |
| Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders | (26,868) | (27,131) | — | — | — | — | — |
| Proceeds from employee stock purchase plan | 4,666 | 3,910 | 3,062 | 2,181 | — | — | — |
| Other financing activities | 0 | (66) | (169) | 0 | 0 | (136) | (171) |
| Net cash provided by (used in) financing activities | 42,974 | (7,874) | 30,633 | 72,933 | 376,245 | 60,755 | 161,526 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 277 | (166) | 43 | (21) | — | 0 | — |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 47,432 | 41,494 | (98,181) | (285,242) | 332,269 | 51,450 | 64,385 |
| Cash, cash equivalents, and restricted cash, beginning of period | — | — | — | 565,994,000 | 233,725,000 | 182,275,000 | 117,890,000 |
| Cash, cash equivalents, and restricted cash, end of period | — | — | — | — | 565,994,000 | 233,725,000 | 182,275,000 |
| Cash, cash equivalents, and restricted cash, beginning of period | 224,065 | 182,571 | 280,752 | 565,994 | — | 182,275 | — |
| Cash, cash equivalents, and restricted cash, end of period | 271,497 | 224,065 | 182,571 | 280,752 | — | 233,725 | — |
| Supplemental disclosure of cash flow information | |||||||
| Cash paid during the period for: | |||||||
| Interest expense | 7,863 | 3,050 | 989 | (3,556) | 398 | (171) | 0 |
| Income taxes | 764 | 769 | 715 | 388 | 261 | 59 | 30 |
| Cash paid included in the measurement of operating lease liabilities | — | — | — | 1,502 | 954 | 770 | 295 |
| Non-cash investing and financing activities: | |||||||
| Right-of-use assets obtained, including initial adoption | — | — | — | — | 2,095 | 718 | 2,146 |
| Contingent consideration | — | — | — | — | 0 | 5,700 | 0 |
| Stock-based compensation included in capitalized software development costs | 7,602 | 5,516 | 3,383 | 2,013 | 472 | 0 | 0 |
| Noncash or Part Noncash Acquisition, Fixed Assets Acquired | — | — | — | — | 587 | 133 | 348 |
| Purchase of property and equipment and internal use software in accounts payable | — | — | 1,045,000 | 1,231,000 | — | 133,000 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.