Truecar, inc. (TRUE)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Cash flows from operating activities
Net loss

-10,669

-8,813

-7,652

-24,060

-14,365

-6,393

-6,251

-6,622

-9,055

-8,475

-9,519

-8,060

-6,795

-7,950

-7,436

-14,655

-11,667

-27,444

-11,105

-14,739

-11,623

-9,834

-13,640

-15,034

-9,921

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

6,271

6,263

6,175

6,767

6,415

5,853

5,990

5,649

5,169

4,910

5,734

5,668

6,079

5,458

6,034

5,775

5,902

4,793

4,454

4,123

3,897

3,745

3,359

2,956

2,919

Goodwill impairment

10,200

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-439

47

41

55

72

-37

-87

-47

-73

-2,581

111

181

107

144

156

156

125

166

164

48

203

139

121

67

250

Bad debt expense

2,225

605

342

137

348

448

429

476

335

323

273

377

412

468

227

206

384

320

433

107

65

182

9

72

37

Stock-based compensation

6,177

6,592

7,191

15,556

8,635

8,903

10,247

8,972

9,097

9,580

9,908

6,846

5,907

6,706

6,241

5,900

5,892

16,412

7,531

9,167

9,453

8,355

9,438

7,396

4,144

Increase in the fair value of contingent consideration liability

75

75

75

75

75

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of lease right-of-use assets

1,516

1,509

1,493

1,479

1,465

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investment

-382

-543

-464

-273

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock warrant expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-308

-333

-147

1,518

3,675

2,280

2,388

Non-cash interest expense on lease financing obligation

-

-

-

-

-

54

60

45

173

58

79

61

172

82

-97

253

158

0

0

0

0

-

-

-

-

Write-off and loss on disposal of fixed assets

41

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Imputed interest on notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-13

0

10

Interest income on notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

17

-4

-14

Accretion of beneficial conversion feature on convertible notes payable and discount on revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

107

129

Write-off and loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-5

-

-112

-1

-35

-82

0

-134

-258

-1,454

-152

3

-28

10

-32

-16

-195

Changes in operating assets and liabilities:
Accounts receivable

-2,537

-114

-3,337

11,055

-9,044

543

5,005

5,993

-1,502

-95

2,804

1,571

-593

1,463

3,391

3,008

-3,471

-3,311

7,198

1,795

256

-35

4,224

3,966

2,217

Prepaid expenses

-850

-1,132

-659

2,922

-384

-1,852

934

2,725

157

-1,639

64

-150

1,156

-1,185

-123

2,224

-920

972

-3,457

3,948

-608

-1,052

-624

3,967

-648

Other current assets

-1,985

-28,738

847

26,218

3,493

-1,002

128

440

347

-932

897

-7,432

6,702

208

442

369

-173

10

-746

987

-1,338

715

1,058

-177

-280

Other assets

71

-627

-491

-1,143

-263

884

-75

684

151

-198

-70

-20

126

302

-5

314

2

-49

298

3

206

-

-

-

-

Accounts payable

-3,698

-178

1,015

-199

-5,578

-566

8,341

896

-1,128

-2,597

3,152

7,561

-3,313

582

-770

1,694

-6,058

-2,025

7,611

409

-683

67

2,841

1,271

-780

Accrued employee expenses

-3,245

-246

-4,165

5,630

275

-632

-1,651

3,220

-3,114

152

-687

-10,121

7,973

396

-400

1,864

-708

1,877

-195

-785

-7,407

4,362

-69

4,531

-4,941

Operating lease liabilities

-2,000

-1,721

-2,061

-1,666

-1,398

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-6,530

-22,149

-6,248

33,549

5,498

-134

-3,541

2,116

917

602

-966

-2,220

2,105

52

-893

1,664

708

-87

-2,695

-507

1,508

-875

428

71

4,629

Other liabilities

-44

-45

-253

-40

-59

-90

-280

123

270

323

-308

1,377

-274

105

95

1,347

-46

514

-4

-54

65

-14

-46

-58

-39

Net cash provided by operating activities

5,550

13,093

27

-357

7,581

8,850

7,416

5,124

3,443

5,205

4,194

7,702

5,017

5,370

-535

-1,577

-490

-1,657

2,745

-9,300

-3,157

8,008

1,526

-4,147

-2,283

Cash flows from investing activities
Purchase of property and equipment

3,505

3,134

2,745

2,500

2,905

4,011

3,473

4,283

5,332

4,615

4,854

4,867

5,473

3,767

3,087

3,477

6,308

10,210

5,594

8,858

5,174

3,207

7,534

2,575

2,215

Cash paid for equity method investment

0

0

0

0

23,174

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-3,505

-3,134

-2,745

-2,500

-26,079

-30,102

-3,473

-4,283

-5,332

-4,615

-4,854

-4,867

-5,473

-3,767

-3,087

-3,477

-6,308

-10,210

-5,594

-8,858

-5,174

-2,835

-5,549

-2,635

1,196

Purchase of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15

0

350

Repayment of notes receivable from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

372

0

0

3,761

Cash flows from financing activities
Repurchase of common stock option awards

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100

0

0

0

0

-

-

-

-

Payments of initial public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-70,388

714

Proceeds from exercise of common stock options

3

2

22

24

2,811

372

16,189

2,515

681

1,675

16,334

47,804

7,730

3,706

3,835

912

659

762

360

1,313

3,893

3,942

149

1,203

557

Taxes paid related to net share settlement of equity awards

727

890

1,406

500

543

741

870

691

732

905

994

833

477

561

360

230

161

225

73

248

362

-

-

-

-

Proceeds from financing obligation drawdown

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

277

0

345

-

-

-

-

Net cash (used in) provided by financing activities

-724

-

-

-

2,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

1,321

9,071

-4,102

-3,333

-16,230

-21,621

19,262

2,665

-1,940

1,360

14,680

67,204

6,797

4,748

-147

-2,851

-6,400

-11,335

-2,263

-17,100

-4,470

34,540

1,154

69,270

-1,244

Payments for lease financing obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

15

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

1,824

-51

-

15,340

64,369

7,253

3,145

3,475

2,203

398

532

586

1,058

3,861

29,367

5,177

76,052

-157

Supplemental disclosure of cash flow information
Supplemental disclosures of non-cash activities
Deferred offering costs included in accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,310

Stock-based compensation capitalized for software development

382

402

431

505

473

532

551

473

334

414

443

332

218

252

292

223

245

261

389

344

331

302

333

320

294

De-recognition of leased facility asset and lease financing obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

334

478

459

22,412

-

-

-

-

Capitalized assets included in accounts payable, accrued employee expenses and other accrued expenses

148

28

90

69

176

-312

70

-364

918

1,071

67

-646

1,488

935

82

-155

216

5,948

-4,570

-924

1,181

324

101

131

239

Proceeds receivable from exercise of stock options included in other current assets

-

-

-

-

-

-

-

-1

2

-

381

-466

615

-

0

0

0

-

-

-

-

-

-

-

-

Taxes payable related to net share settlement of equity awards included in accrued employee expenses

-

-

-

-

-

-

10

-82

111

-

-46

54

212

-

0

0

0

-

-

-

-

-

-

-

-