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 |
|---|---|---|---|---|
| Cash flows from operating activities | ||||
| Net loss | (31,048) | (49,766) | (118,685) | (38,329) |
| Income from discontinued operations, net of taxes | — | 0 | 0 | 40 |
| Loss from continuing operations | — | (49,766) | (118,685) | (38,369) |
| 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 |
| Goodwill impairment | 0 | 0 | 59,775 | 0 |
| Deferred income taxes | 0 | 0 | (2,358) | 63 |
| Bad debt expense and other reserves | 574 | 696 | 718 | 528 |
| Stock-based compensation | 11,730 | 14,299 | 17,681 | 20,395 |
| Changes in fair value | 372 | 931 | 359 | 41 |
| Amortization of lease right-of-use assets | — | — | — | 4,295 |
| Amortization of lease right-of-use assets | 973 | 2,982 | 3,940 | — |
| Gain from equity method investment | 0 | 0 | (1,845) | 5,404 |
| Impairment of right-of-use assets | 6,880 | 2,376 | 0 | 1,682 |
| 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 |
| Prepaid expenses and other assets | (801) | 1,335 | (210) | 2,733 |
| Accounts payable | 910 | (1,767) | (2,750) | (1,806) |
| Accrued employee expenses | (1,855) | (387) | 1,863 | (1,754) |
| Operating lease liabilities | (3,462) | (6,667) | (5,214) | (5,192) |
| Accrued expenses and other current liabilities | 2,450 | 2,010 | (1,371) | (5,630) |
| Other liabilities | 0 | 43 | 0 | (388) |
| Net cash (used in) provided by operating activities - continuing operations | — | (22,414) | (29,137) | 14,374 |
| Net cash used in operating activities - discontinued operations | — | 0 | 0 | (180) |
| Net cash provided by (used in) operating activities | 7,701 | (22,414) | (29,137) | 14,194 |
| Cash flows from investing activities | ||||
| Purchase of property and equipment | (7,860) | (11,809) | (11,680) | (10,689) |
| Cash paid for equity method investment | — | — | — | 0 |
| Initial cash consideration | 0 | 0 | 15,745 | — |
| Cash paid for acquisition, net of cash acquired | 0 | 0 | (12,093) | — |
| Net cash used in investing activities - continuing operations | — | (11,809) | (8,028) | (10,689) |
| Net cash provided by investing activities - discontinued operations | — | 0 | 0 | 6,484 |
| Net cash used in investing activities | (7,860) | (11,809) | (8,028) | (4,205) |
| Cash flows from financing activities | ||||
| Payment of contingent consideration liability | (1,610) | (1,908) | 0 | (2,214) |
| Proceeds from exercise of common stock options | 61 | 710 | 179 | 1,391 |
| Taxes paid related to net share settlement of equity awards | (3,330) | (3,133) | (2,930) | (5,320) |
| Payments for the repurchase of common stock | (20,091) | 0 | (29,783) | (31,943) |
| Net cash used in financing activities | (24,970) | (4,331) | (32,534) | (38,086) |
| Net decrease in cash, cash equivalents, and restricted cash | (25,129) | (38,554) | (69,699) | (28,097) |
| Cash, cash equivalents, and restricted cash at beginning of year | 136,964 | 175,518 | 245,217 | 273,314 |
| Cash, cash equivalents, and restricted cash at end of year | 111,835 | 136,964 | 175,518 | 245,217 |
| Supplemental disclosure of cash flow information | ||||
| Supplemental disclosure of cash flow information | ||||
| Income taxes | — | — | — | 1,554 |
| Income taxes | (13) | 180 | (131) | — |
| Supplemental disclosures of non-cash activities | ||||
| Stock-based compensation capitalized for software development | 728 | 838 | 1,019 | 1,296 |
| Capitalized assets included in accounts payable, accrued employee expenses and other accrued expenses | 1,005 | 821 | 1,311 | 1,239 |
| Capitalized asset retirement costs included in property and equipment | — | — | 0 | 0 |
| 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.