VRMWW · As filed with the SEC
Vroom cash flow statement, by fiscal year
The statement as Vroom 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
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Operating activities | ||||
| Net (loss) income from continuing operations | (54,046,000) | (138,240,000) | (365,540,000) | (451,910,000) |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||
| Impairment charges | 4,156,000 | 5,159,000 | 48,748,000 | 211,873,000 |
| Profit share receivable | (554,000) | 11,643,000 | — | — |
| Gain on debt extinguishment | — | — | (37,878,000) | (164,684,000) |
| Depreciation and amortization | 3,350,000 | 29,086,000 | 43,476,000 | 38,707,000 |
| Amortization of debt issuance costs | — | 4,270,000 | 4,598,000 | 4,809,000 |
| Realized gains on securitization transactions | — | — | — | (45,589,000) |
| Deferred taxes | — | — | 0 | (23,855,000) |
| Losses on finance receivables and securitization debt, net | 108,467,000 | 129,601,000 | 114,702,000 | 66,839,000 |
| Losses on Warranties and GAP | 7,000,000 | 8,020,000 | — | — |
| Stock-based compensation expense | 5,181,000 | 5,885,000 | 10,051,000 | 11,957,000 |
| Provision to record inventory at lower of cost or net realizable value | — | — | (2,360,000) | 1,812,000 |
| Provision for bad debt | — | — | 4,074,000 | 13,406,000 |
| Provision to record finance receivables held for sale at lower of cost or fair value | — | (4,618,000) | 20,566,000 | 6,541,000 |
| Amortization of unearned discounts on finance receivables at fair value | — | (15,924,000) | (25,954,000) | (14,593,000) |
| Reorganization item | — | 2,438,000 | — | — |
| Other, net | (909,000) | (4,595,000) | (17,393,000) | (7,512,000) |
| Changes in operating assets and liabilities: | ||||
| Originations of finance receivables, held for sale | — | (404,203,000) | (582,170,000) | (625,575,000) |
| Principal payments received on finance receivables, held for sale | — | 186,799,000 | 105,858,000 | 64,521,000 |
| Proceeds from sale of finance receivables held for sale, net | — | — | — | 509,612,000 |
| Other | — | 1,642,000 | (1,606,000) | (7,701,000) |
| Accounts receivable | — | — | 754,000 | 78,060,000 |
| Inventory | — | — | 159,758,000 | 403,924,000 |
| Prepaid expenses and other current assets | — | — | 22,711,000 | 4,146,000 |
| Interest receivable | 1,397,000 | 417,000 | — | — |
| Other assets | 7,116,000 | 15,323,000 | 3,266,000 | (2,546,000) |
| Accounts payable | — | — | (7,940,000) | (24,281,000) |
| Accrued expenses | — | — | (24,766,000) | (53,553,000) |
| Deferred revenue | — | — | 3,370,000 | (65,148,000) |
| Other liabilities | (3,565,000) | (8,461,000) | (10,009,000) | (38,325,000) |
| Net cash provided by (used in) operating activities from continuing operations | 77,593,000 | (175,758,000) | — | — |
| Net cash (used in) provided by operating activities from discontinued operations | (2,439,000) | 78,721,000 | — | — |
| Net cash provided by (used in) operating activities | 75,154,000 | (97,037,000) | (533,684,000) | (109,065,000) |
| Investing activities | ||||
| Purchases of finance receivables, held for investment at fair value | (419,742,000) | — | (3,392,000) | (56,484,000) |
| Principal payments received on finance receivables at fair value | — | — | 174,748,000 | 132,391,000 |
| Proceeds from sale of finance receivables at fair value, net | — | — | — | 43,262,000 |
| Principal payments received on finance receivables, held for investment at fair value | 316,753,000 | 115,937,000 | — | — |
| Consolidation of VIEs | — | — | 11,409,000 | — |
| Principal payments received on beneficial interests | — | — | 5,193,000 | 8,341,000 |
| Principal payments received on beneficial interests | 1,240,000 | 2,433,000 | — | — |
| Purchase of property and equipment | (7,061,000) | (3,487,000) | (14,805,000) | (24,234,000) |
| Acquisition of business, net of cash acquired of $47.9 million | — | — | — | (267,488,000) |
| Net cash (used in) provided by investing activities from continuing operations | (108,810,000) | 114,883,000 | — | — |
| Net cash provided by investing activities from discontinued operations | 637,000 | 17,692,000 | — | — |
| Net cash (used in) provided by investing activities | (108,173,000) | 132,575,000 | 173,153,000 | (164,212,000) |
| Financing activities | ||||
| Proceeds from borrowings under secured financing agreements | 307,780,000 | 296,046,000 | 261,991,000 | — |
| Principal repayment under secured financing agreements | (253,998,000) | (251,529,000) | (208,476,000) | (192,839,000) |
| Proceeds from financing of beneficial interests in securitizations | 16,223,000 | 15,821,000 | 24,506,000 | — |
| Principal repayments of financing of beneficial interests in securitizations | (13,625,000) | (13,428,000) | (8,698,000) | — |
| Proceeds from vehicle floorplan | — | — | 559,331,000 | 1,403,042,000 |
| Repayments of vehicle floorplan | — | — | (685,141,000) | (1,638,855,000) |
| Proceeds from warehouse credit facilities | 333,700,000 | 318,600,000 | 480,100,000 | 520,800,000 |
| Repayments of warehouse credit facilities | (378,763,000) | (379,956,000) | (290,483,000) | (467,216,000) |
| Repurchases of convertible senior notes | — | — | (36,536,000) | (90,208,000) |
| Proceeds from issuance of related party note | 10,000,000 | — | — | — |
| Proceeds from the issuance of common stock in at-the-market offering, net of offering costs | — | — | 2,399,000 | — |
| Proceeds from related party line of credit | 18,500,000 | — | — | — |
| Other financing activities | (1,941,000) | (364,000) | (1,653,000) | (4,212,000) |
| Net cash provided by (used in) financing activities from continuing operations | 37,876,000 | (14,810,000) | — | — |
| Net cash used in financing activities from discontinued operations | — | (151,178,000) | — | — |
| Net cash provided by (used in) financing activities | 37,876,000 | (165,988,000) | 97,340,000 | (469,488,000) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 4,857,000 | (130,450,000) | (263,191,000) | (742,765,000) |
| Cash, cash equivalents and restricted cash at the beginning of period | 61,441,000 | 208,819,000 | 472,010,000 | 1,214,775,000 |
| Cash, cash equivalents and restricted cash at the end of period | 66,298,000 | 78,369,000 | 208,819,000 | 472,010,000 |
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | 48,524,000 | 57,688,000 | 59,351,000 | 34,907,000 |
| Cash paid for professional fees for services rendered in connection with the Chapter 11 proceedings | — | 3,009,000 | — | — |
| Cash paid for income taxes | (137,000) | (1,426,000) | 5,363,000 | 2,409,000 |
| Finance receivables from consolidation of 2022-2 securitization transaction | — | — | 180,706,000 | — |
| Elimination of beneficial interest from the consolidation of 2022-2 securitization transaction | — | — | 9,811,000 | — |
| Securitization debt from consolidation of 2022-2 securitization transaction | — | — | 186,386,000 | — |
| Reclassification of finance receivables held for sale to finance receivables at fair value, net | — | — | 248,081,000 | — |
| Fair value of beneficial interests received in securitization transactions | — | — | — | 30,082,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.