TRUE · As filed with the SEC
TrueCar cash flow statement, by fiscal year
The statement as TrueCar 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 | 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 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities | ||||||||
| Net loss | (31,048) | (49,766) | (118,685) | (38,329) | 76,544 | (54,890) | (28,321) | (32,849) |
| Income from discontinued operations, net of taxes | — | 0 | 0 | 40 | 96,383 | — | — | — |
| Loss from continuing operations | — | (49,766) | (118,685) | (38,369) | (19,839) | — | — | — |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||
| Depreciation and amortization | 18,035 | 17,699 | 16,520 | 16,279 | 20,372 | 25,620 | 22,661 | 22,391 |
| Goodwill impairment | 0 | 0 | 59,775 | 0 | 8,264 | — | — | — |
| Deferred income taxes | 0 | 0 | (2,358) | 63 | (743) | 215 | (244) | (2,182) |
| Bad debt expense and other reserves | — | — | — | — | — | — | 1,688 | 1,385 |
| Bad debt expense and other reserves | 574 | 696 | 718 | 528 | 2,984 | 1,432 | — | — |
| Stock-based compensation | 11,730 | 14,299 | 17,681 | 20,395 | 23,077 | 37,974 | 37,219 | 32,241 |
| Common stock warrant expense | — | — | — | — | — | — | 0 | 0 |
| Changes in fair value | 372 | 931 | 359 | 41 | 182 | 300 | — | — |
| Amortization of lease right-of-use assets | — | — | — | 4,295 | 5,408 | 5,946 | — | — |
| Amortization of lease right-of-use assets | 973 | 2,982 | 3,940 | — | — | — | — | — |
| Gain from equity method investment | 0 | 0 | (1,845) | 5,404 | 1,989 | 1,280 | — | — |
| Non-cash interest expense on lease financing obligation | — | — | — | — | 0 | 0 | 332 | 370 |
| Write-off and loss on disposal of fixed assets | — | — | — | — | — | — | 311 | 194 |
| Impairment of right-of-use assets | 6,880 | 2,376 | 0 | 1,682 | 2,436 | 1,109 | — | — |
| Gain on lease exit | 0 | (1,573) | — | — | — | — | — | — |
| Other noncash expenses | 995 | 549 | 230 | 408 | — | — | — | — |
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | 1,948 | (5,174) | 2,210 | 15,685 | 2,332 | 1,440 | (10,039) | (3,687) |
| Prepaid expenses | — | — | — | — | — | (747) | (1,964) | 569 |
| Other current assets | — | — | — | — | — | (1,820) | 87 | 765 |
| Other assets | — | — | — | — | — | 2,524 | (1,644) | 162 |
| Prepaid expenses and other assets | (801) | 1,335 | (210) | 2,733 | 1,297 | — | — | — |
| Accounts payable | 910 | (1,767) | (2,750) | (1,806) | (8,221) | (4,940) | 7,543 | 4,803 |
| Accrued employee expenses | (1,855) | (387) | 1,863 | (1,754) | 357 | 1,494 | (2,177) | (2,683) |
| Operating lease liabilities | (3,462) | (6,667) | (5,214) | (5,192) | (6,257) | (6,846) | — | — |
| Accrued expenses and other current liabilities | 2,450 | 2,010 | (1,371) | (5,630) | (4,128) | 10,650 | (642) | (479) |
| Other liabilities | 0 | 43 | 0 | (388) | 388 | (397) | 23 | 1,118 |
| Net cash (used in) provided by operating activities - continuing operations | — | (22,414) | (29,137) | 14,374 | 29,898 | — | 24,833 | 22,118 |
| Net cash used in operating activities - discontinued operations | — | 0 | 0 | (180) | 9,219 | — | — | — |
| Net cash provided by (used in) operating activities | 7,701 | (22,414) | (29,137) | 14,194 | 39,117 | 20,344 | — | — |
| Cash flows from investing activities | ||||||||
| Purchase of property and equipment | (7,860) | (11,809) | (11,680) | (10,689) | (10,277) | (11,284) | (17,099) | (19,809) |
| Cash received from lease financing obligation exit | — | — | — | — | 0 | 0 | 800 | — |
| Cash paid for equity method investment | — | — | — | 0 | 0 | (23,174) | — | — |
| Initial cash consideration | 0 | 0 | 15,745 | — | — | — | — | — |
| Cash paid for acquisition, net of cash acquired | 0 | 0 | (12,093) | — | 0 | 0 | (26,891) | — |
| Net cash used in investing activities - continuing operations | — | (11,809) | (8,028) | (10,689) | (10,277) | — | (43,190) | (19,809) |
| Net cash provided by investing activities - discontinued operations | — | 0 | 0 | 6,484 | 112,178 | — | — | — |
| Net cash used in investing activities | (7,860) | (11,809) | (8,028) | (4,205) | 101,901 | (34,458) | — | — |
| Cash flows from financing activities | ||||||||
| Proceeds from public offering, net of underwriting discounts and offering costs | — | — | — | — | — | 0 | 0 | 17,398 |
| Repurchase of common stock option awards | — | — | — | — | — | — | 0 | 0 |
| Payment of contingent consideration liability | (1,610) | (1,908) | 0 | (2,214) | (2,263) | — | — | — |
| Proceeds from exercise of common stock options | 61 | 710 | 179 | 1,391 | 97 | 2,859 | 19,757 | 73,543 |
| Taxes paid related to net share settlement of equity awards | (3,330) | (3,133) | (2,930) | (5,320) | (4,251) | (3,339) | (3,034) | (3,209) |
| Proceeds from financing obligation drawdown | — | — | — | — | — | — | 0 | 0 |
| Payments for lease financing obligation | — | — | — | — | — | — | — | 0 |
| Net cash provided by financing activities | — | — | — | — | — | — | 16,723 | 87,732 |
| Net (decrease) increase in cash and cash equivalents | — | — | — | — | — | — | (1,634) | 90,041 |
| Cash and cash equivalents at beginning of period | — | — | — | — | — | 196,128 | 197,762 | 107,721 |
| Cash and cash equivalents at end of period | — | — | — | — | — | — | 196,128 | 197,762 |
| Payments for the repurchase of common stock | (20,091) | 0 | (29,783) | (31,943) | (42,821) | — | — | — |
| Net cash used in financing activities | (24,970) | (4,331) | (32,534) | (38,086) | (49,238) | (480) | — | — |
| Net decrease in cash, cash equivalents, and restricted cash | (25,129) | (38,554) | (69,699) | (28,097) | 91,780 | (14,594) | — | — |
| Cash, cash equivalents, and restricted cash at beginning of year | 136,964 | 175,518 | 245,217 | 273,314 | 181,534 | 196,128 | 197,762 | — |
| Cash, cash equivalents, and restricted cash at end of year | 111,835 | 136,964 | 175,518 | 245,217 | 273,314 | 181,534 | — | — |
| Supplemental disclosure of cash flow information | ||||||||
| Supplemental disclosure of cash flow information | ||||||||
| Interest | — | — | — | — | — | — | — | 2,099 |
| Interest | — | — | — | — | 0 | 0 | 2,323 | — |
| Income taxes | — | — | — | 1,554 | 43 | 78 | 30 | 43 |
| Income taxes | (13) | 180 | (131) | — | — | — | — | — |
| Supplemental disclosures of non-cash activities | ||||||||
| Stock-based compensation capitalized for software development | 728 | 838 | 1,019 | 1,296 | 1,322 | 1,811 | 1,890 | 1,407 |
| Recognition of leased facility asset and lease financing obligation | — | — | — | — | — | — | — | 0 |
| De-recognition of leased facility asset and lease financing obligation | — | — | — | — | 0 | 0 | 6,889 | — |
| Recognition of warrant asset and related liability | — | — | — | — | 0 | 0 | 1,231 | — |
| Contingent consideration recognized for acquisition | — | — | — | — | 0 | 0 | — | — |
| Capitalized assets included in accounts payable, accrued employee expenses and other accrued expenses | 1,005 | 821 | 1,311 | 1,239 | 643 | 363 | 312 | 1,980 |
| Capitalized asset retirement costs included in property and equipment | — | — | 0 | 0 | 498 | — | — | — |
| Changes in right-of-use assets for operating lease obligations | 725 | 136 | 3,047 | — | — | — | — | — |
| Changes in lease liabilities for operating lease obligations | 725 | 136 | 3,636 | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.