Truecar, inc. (TRUE)
CashFlow / TTM
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

-51,194

-54,890

-52,470

-51,069

-33,631

-28,321

-30,403

-33,671

-35,109

-32,849

-32,324

-30,241

-36,836

-41,708

-61,202

-64,871

-64,955

-64,911

-47,301

-49,836

-50,131

-48,429

0

0

0

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

25,476

25,620

25,210

25,025

23,907

22,661

21,718

21,462

21,481

22,391

22,939

23,239

23,346

23,169

22,504

20,924

19,272

17,267

16,219

15,124

13,957

12,979

0

0

0

Goodwill impairment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-296

215

131

3

-99

-244

-2,788

-2,590

-2,362

-2,182

543

588

563

581

603

611

503

581

554

511

530

577

0

0

0

Bad debt expense

3,309

1,432

1,275

1,362

1,701

1,688

1,563

1,407

1,308

1,385

1,530

1,484

1,313

1,285

1,137

1,343

1,244

925

787

363

328

300

0

0

0

Stock-based compensation

35,516

37,974

40,285

43,341

36,757

37,219

37,896

37,557

35,431

32,241

29,367

25,700

24,754

24,739

34,445

35,735

39,002

42,563

34,506

36,413

34,642

29,333

0

0

0

Increase in the fair value of contingent consideration liability

300

300

225

150

75

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of lease right-of-use assets

5,997

5,946

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investment

-1,662

-1,280

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock warrant expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-803

730

4,713

7,326

9,861

0

0

0

Non-cash interest expense on lease financing obligation

-

-

-

-

-

332

336

355

371

370

394

218

410

396

314

411

158

0

0

0

0

-

-

-

-

Write-off and loss on disposal of fixed assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Imputed interest on notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

0

0

0

Interest income on notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

236

0

0

0

Write-off and loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-164

-

-230

-118

-251

-474

-1,846

-1,998

-1,861

-1,631

-167

-47

-66

-233

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

5,067

-1,440

-783

7,559

2,497

10,039

9,401

7,200

2,778

3,687

5,245

5,832

7,269

4,391

-383

3,424

2,211

5,938

9,214

6,240

8,411

10,372

0

0

0

Prepaid expenses

281

747

27

1,620

1,423

1,964

2,177

1,307

-1,568

-569

-115

-302

2,072

-4

2,153

-1,181

543

855

-1,169

1,664

1,683

1,643

0

0

0

Other current assets

-3,658

1,820

29,556

28,837

3,059

-87

-17

752

-7,120

-765

375

-80

7,721

846

648

-540

78

-1,087

-382

1,422

258

1,316

0

0

0

Other assets

-2,190

-2,524

-1,013

-597

1,230

1,644

562

567

-137

-162

338

403

737

613

262

565

254

458

0

0

0

-

-

-

-

Accounts payable

-3,060

-4,940

-5,328

1,998

3,093

7,543

5,512

323

6,988

4,803

7,982

4,060

-1,807

-4,552

-7,159

1,222

-63

5,312

7,404

2,634

3,496

3,399

0

0

0

Accrued employee expenses

-2,026

1,494

1,108

3,622

1,212

-2,177

-1,393

-429

-13,770

-2,683

-2,439

-2,152

9,833

1,152

2,633

2,838

189

-6,510

-4,025

-3,899

1,417

3,883

0

0

0

Operating lease liabilities

-7,448

-6,846

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-1,378

10,650

32,665

35,372

3,939

-642

94

2,669

-1,667

-479

-1,029

-956

2,928

1,531

1,392

-410

-2,581

-1,781

-2,569

554

1,132

4,253

0

0

0

Other liabilities

-382

-397

-442

-469

-306

23

436

408

1,662

1,118

900

1,303

1,273

1,501

1,910

1,811

410

521

-7

-49

-53

-157

0

0

0

Net cash provided by operating activities

18,313

20,344

16,101

23,490

28,971

24,833

21,188

17,966

20,544

22,118

22,283

17,554

8,275

2,768

-4,259

-979

-8,702

-11,369

-1,704

-2,923

2,230

3,104

0

0

0

Cash flows from investing activities
Purchase of property and equipment

11,884

11,284

12,161

12,889

14,672

17,099

17,703

19,084

19,668

19,809

18,961

17,194

15,804

16,639

23,082

25,589

30,970

29,836

22,833

24,773

18,490

15,531

0

0

0

Cash paid for equity method investment

0

23,174

23,174

23,174

23,174

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-11,884

-34,458

-61,426

-62,154

-63,937

-43,190

-17,703

-19,084

-19,668

-19,809

-18,961

-17,194

-15,804

-16,639

-23,082

-25,589

-30,970

-29,836

-22,461

-22,416

-16,193

-9,823

0

0

0

Purchase of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

365

0

0

0

Repayment of notes receivable from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,133

0

0

0

Cash flows from financing activities
Repurchase of common stock option awards

-

-

-

-

-

-

-

-

-

-

-

-

-

100

100

100

100

0

0

0

0

-

-

-

-

Payments of initial public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from exercise of common stock options

51

2,859

3,229

19,396

21,887

19,757

21,060

21,205

66,494

73,543

75,574

63,075

16,183

9,112

6,168

2,693

3,094

6,328

9,508

9,297

9,187

5,851

0

0

0

Taxes paid related to net share settlement of equity awards

3,523

3,339

3,190

2,654

2,845

3,034

3,198

3,322

3,464

3,209

2,865

2,231

1,628

1,312

976

689

707

908

0

0

0

-

-

-

-

Proceeds from financing obligation drawdown

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

622

0

0

0

-

-

-

-

Net cash (used in) provided by financing activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

2,957

-14,594

-45,286

-21,922

-15,924

-1,634

21,347

16,765

81,304

90,041

93,429

78,602

8,547

-4,650

-20,733

-22,849

-37,098

-35,168

10,707

14,124

100,494

103,720

0

0

0

Payments for lease financing obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

0

80,428

-

90,107

78,242

16,076

9,221

6,608

3,719

2,574

6,037

34,872

39,463

114,457

110,439

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stock-based compensation capitalized for software development

1,720

1,811

1,941

2,061

2,029

1,890

1,772

1,664

1,523

1,407

1,245

1,094

985

1,012

1,021

1,118

1,239

1,325

1,366

1,310

1,286

1,249

0

0

0

De-recognition of leased facility asset and lease financing obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,683

0

0

0

-

-

-

-

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

335

363

23

3

-430

312

1,695

1,692

1,410

1,980

1,844

1,859

2,350

1,078

6,091

1,439

670

1,635

-3,989

682

1,737

795

0

0

0

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

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-