Company name:

TrueCar Inc

  • IPO SHARE PRICE:
    $9.00
  • IPO DATE:
    16 May 2014
  • TICKER:
    TRUE
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    120 Broadway Suite 200 Santa Monica California 90401
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

TrueCar Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
59.7% 7.2%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
70.9%
59.7% —

Cash and cash equivalents

7.2% —

Accounts Receivable

2.8% —

Other short-term assets

1.3% —

Prepaid expenses

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
 $197,762 $196,128 $181,534 $273,314
Restricted cash and cash equivalents
$45,679
-
-
-
 - - - -
Accounts Receivable
$45,679
$45,679
$45,679
$45,679
 39,169 47,760 38,239 32,923
Note Receivable from Related Party
$45,679
-
-
-
 - - - -
Prepaid expenses
$45,679
$45,679
$45,679
$45,679
 5,475 7,468 7,158 5,800
Other short-term assets
$45,679
$45,679
$45,679
$45,679
 1,145 4,103 6,033 12,901
Current assets of discontinued operations
-
-
-
-
 - - 6,777 -
Total current assets
$45,679
$45,679
$45,679
$45,679
 $243,551 $255,459 $239,741 $324,938
4.7% 6.4% 4.3% 11.2%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
29.1%
11.2% —

Goodwill

6.4% —

Operating lease - right-of-use assets

4.7% —

Property and equipment net

4.3% —

Equity method investments

1.4% —

Intangible assets

1.0% —

Other assets non-current
Selected Year:
Property and equipment net
45,679
45,679
45,679
45,679
 70,710 61,511 27,781 21,421
Notes receivable from related parties
45,679
-
-
-
 - - - -
Operating lease - right-of-use assets
-
-
-
-
 - - 36,064 29,192
Equity method investments
-
-
-
-
 - - 21,894 19,905
Intangible assets
45,679
45,679
45,679
45,679
 15,912 23,451 9,000 6,600
Goodwill
45,679
45,679
45,679
45,679
 53,270 73,311 59,469 51,205
Non-current assets of discontinued operations
-
-
-
-
 - - 24,118 -
Other assets non-current
-
-
-
-
 - - 3,620 4,800
Other non-current assets
45,679
45,679
45,679
45,679
 1,391 7,228 3,620 -
Total non-current assets
45,679
45,679
45,679
45,679
 141,283 165,501 181,946 133,123
Total assets
45,679
45,679
45,679
45,679
 $384,834 $420,960 $421,687 $458,061
4.0% 7.0% 161.2%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
9.4%
4.0% —

Accrued expenses and other current liabilities

2.9% —

Accounts payable

1.4% —

Accrued employee compensation

1.0% —

Current portion of Operating leases
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
$45,679
 $18,620 $26,305 $21,319 $13,198
Accrued employee compensation
$45,679
$45,679
$45,679
$45,679
 6,568 4,349 5,969 6,506
Accrued expenses and other current liabilities
$45,679
$45,679
$45,679
$45,679
 12,790 10,908 20,252 18,402
Borrowings under Revolving Credit Facility
$45,679
-
-
-
 - - - -
Current portion of Operating leases
-
-
-
-
 - - 5,875 4,771
Current liabilities of discontinued operations
-
-
-
-
 - - 755 -
Total current liabilities
$45,679
$45,679
$45,679
$45,679
 $37,978 $41,562 $54,170 $42,877
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
7.1%
7.0% —

Operating leases

0.1% —

Other non-current liabilities

0.0% —

Deferred tax liability
Selected Year:
Deferred tax liability
$45,679
$45,679
$45,679
$45,679
 812 568 783 40
Operating leases
-
-
-
-
 - - 37,127 31,974
Lease financing obligations
$45,679
$45,679
$45,679
$45,679
 29,129 22,987 - -
Other non-current liabilities
$45,679
$45,679
$45,679
$45,679
 3,797 9,290 2,336 388
Total long-term liabilities
$45,679
$45,679
$45,679
$45,679
 $33,738 $32,845 $40,246 $32,402
Total Liabilities
$45,679
$45,679
$45,679
$45,679
 $71,716 $74,407 $94,416 $75,279
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
83.6%
161.2% —

Additional paid-in capital

0.0% —

Common stock
Selected Year:
Notes receivable from related parties
$45,679
-
-
-
 - - - -
Convertible preferred stock Series A
$45,679
-
-
-
 - - - -
Preferred Stock
$45,679
$45,679
$45,679
$45,679
 - - - -
Common stock
$45,679
$45,679
$45,679
$45,679
 10 10 11 10
Accumulated deficit
$45,679
$45,679
$45,679
$45,679
 (351,084) (373,482) (432,062) (355,518)
Additional paid-in capital
$45,679
$45,679
$45,679
$45,679
 664,192 720,025 759,322 738,290
Total Equity
$45,679
$45,679
$45,679
$45,679
 $313,118 $346,553 $327,271 $382,782
Total Liabilities and Equity
$45,679
$45,679
$45,679
$45,679
 $384,834 $420,960 $421,687 $458,061