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 |
|---|---|---|---|---|
| Cash Flows from Operating Activities | ||||
| Net income (loss) | — | — | (75,261,000) | (102,193,000) |
| 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 |
| Stock-based compensation expense, net of amounts capitalized | 56,862 | 68,010 | 49,648 | 39,324 |
| Provision for bad debt | 34,050 | 9,989 | 10,923 | 11,048 |
| Other non-cash, net | 3,542 | 741 | (1,464) | (57) |
| Changes in operating assets and liabilities, net of effects from purchases of businesses: | ||||
| Trade receivables | (31,022) | 17,466 | 14,406 | 47,170 |
| Other operating assets | (10,541) | (424) | (310) | 349 |
| Accrued interest on marketable securities | — | — | — | (1,381) |
| Accounts payable | 46,823 | 16,167 | (34,612) | (73,087) |
| Accrued payroll | — | — | — | (6,000) |
| Accrued other liabilities | — | — | — | (853) |
| Other operating liabilities | 916 | (3,660) | (500) | (551) |
| Other assets | — | — | — | (322) |
| Net cash provided by (used in) operating activities | 78,232 | 65,397 | (17,885) | (75,175) |
| Cash Flows from Investing Activities | ||||
| Net increase in finance receivables | — | — | — | (37,982,000) |
| Net increase in finance receivables | (75,799) | (22,005) | (45,273) | — |
| Purchases of property and equipment | (9,098) | (4,539) | (2,330) | (3,211) |
| Proceeds from sale of real estate | 0 | 14,083 | — | — |
| Capitalization of software costs | (35,555) | (29,702) | (25,840) | (20,185) |
| Purchases of marketable securities | (28,921) | (35,979) | (146,032) | (269,678) |
| 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) |
| Net cash used in investing activities | (74,051) | (15,863) | (110,972) | (282,979) |
| 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 |
| Proceeds from long term debt | 423,500 | 491,500 | 420,000 | 275,000 |
| Payments towards long term debt | — | — | (380,500,000) | (200,000,000) |
| Series E1 Preferred Stock | — | — | — | 0 |
| Payments towards promissory note | — | — | 0 | 0 |
| Payments towards long term debt | (356,500) | (483,500) | — | — |
| Proceeds from exercise of stock options | 1,441 | 9,436 | 4,265 | 1,210 |
| Payments for debt issuance and other financing costs | (3,265) | (2,023) | 0 | 0 |
| Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders | — | — | (16,025,000) | (5,458,000) |
| 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 |
| Net cash provided by (used in) financing activities | 42,974 | (7,874) | 30,633 | 72,933 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 277 | (166) | 43 | (21) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 47,432 | 41,494 | (98,181) | (285,242) |
| Cash, cash equivalents, and restricted cash, beginning of period | 224,065 | 182,571 | 280,752 | 565,994 |
| Cash, cash equivalents, and restricted cash, end of period | 271,497 | 224,065 | 182,571 | 280,752 |
| Supplemental disclosure of cash flow information | ||||
| Cash paid during the period for: | ||||
| Interest expense | 7,863 | 3,050 | 989 | (3,556) |
| Income taxes | 764 | 769 | 715 | 388 |
| Cash paid included in the measurement of operating lease liabilities | — | — | — | 1,502 |
| Non-cash investing and financing activities: | ||||
| Stock-based compensation included in capitalized software development costs | 7,602 | 5,516 | 3,383 | 2,013 |
| Purchase of property and equipment and internal use software in accounts payable | — | — | 1,045,000 | 1,231,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.