Company name:

TrueCar Inc

  • IPO SHARE PRICE:
    $9.00
  • IPO DATE:
    May 16, 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

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
52.6% - Net income (loss)
15.8% - Stock-based compensation
14.0% - Depreciation and amortization
5.7% - Loss on goodwill impairment
3.7% - Amortization of lease right-of-use assets
2.0% - Provision for (recovery of) bad debt expense
1.7% - Impairment of right-of-use assets and loss on disposal of finite-lived assets
1.6% - Accounts receivable
1.4% - (Income) loss from equity method investments
0.9% - Prepaid expenses and other assets
0.3% - Other liabilities
0.2% - Accrued employee expenses
0.1% - Acquisition-related contingent consideration fair value adjustments
SOURCEs
14.0% 3.7% 15.8% 52.6% 5.7%
100 %
0%
USES
86.7% 5.6% 4.3%
5.6% - Accounts payable
4.3% - Operating lease liabilities
2.8% - Accrued expenses and other liabilities
0.5% - Deferred income taxes
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($28,321) ($54,890) $76,544 $76,544 $347,464
(Income) loss from discontinued operations
-
-
-
-
-
-
 3,394 3,445 96,383 96,383 378,120
(Income) loss from continuing operations
-
-
-
-
-
-
 (31,715) (58,335) (19,839) (19,839) (30,656)
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 22,661 25,620 20,372 20,372 20,204
Amortization of lease right-of-use assets
-
-
-
-
-
-
 - 5,946 5,408 5,408 4,384
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
-
$45,679
 37,219 37,974 23,077 23,077 21,780
Provision for (recovery of) bad debt expense
$45,679
$45,679
$45,679
$45,679
-
$45,679
 1,688 1,432 2,984 2,984 716
Imputed interest on notes receivable
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Interest income on notes receivable
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Accretion of beneficial conversion feature on convertible notes payable and discount on revolving line of credit Accretion of beneficial conversion feature on convertible notes payable and discount on revolving line of credit
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Common stock warrant (benefit) expense
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Legal settlement paid in stock
$45,679
$45,679
-
-
-
-
 - - - - -
Deferred income taxes
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (244) 215 (743) (743) (1,608)
(Income) loss from equity method investments
-
-
-
-
-
-
 - 1,280 1,989 1,989 2,116
Loss on goodwill impairment
-
-
-
-
-
-
 - - 8,264 8,264 -
Impairment or write-off and loss on disposal of finite-lived assets Impairment or write-off and loss on disposal of finite-lived assets
-
-
-
-
-
$45,679
 311 1,109 - - -
(Gain) loss on sale of fixed assets
$45,679
$45,679
-
-
-
-
 - - - - -
Write-off and loss on sale of fixed assets
-
-
$45,679
$45,679
-
$45,679
 311 - - - -
Impairment of right-of-use assets and loss on disposal of finite-lived assets Impairment of right-of-use assets and loss on disposal of finite-lived assets
-
-
-
-
-
-
 - 1,109 2,436 2,436 9,744
Acquisition-related contingent consideration fair value adjustments Acquisition-related contingent consideration fair value adjustments
$45,679
$45,679
-
-
-
-
 - 300 182 182 124
Non-cash interest expense on lease financing obligation Non-cash interest expense on lease financing obligation
-
-
$45,679
$45,679
$45,679
$45,679
 332 - - - -
Accounts receivable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (10,039) 1,440 2,332 2,332 30,484
Prepaid expenses and other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,964) (747) 1,297 1,297 2,092
Other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,644) 2,524 - - -
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 7,543 (4,940) (8,221) (8,221) (128)
Interest payable
$45,679
$45,679
-
-
-
-
 - - - - -
Accrued employee expenses
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (2,177) 1,494 357 357 4,832
Accrued expenses and other liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (642) 10,650 (4,128) (4,128) 1,884
Operating lease liabilities
-
-
-
-
-
-
 - (6,846) (6,257) (6,257) (4,768)
Other liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 23 (397) 388 388 (5,740)
Net cash provided by (used in) operating activities - continuing operations Net cash provided by (used in) operating activities - continuing operations
-
-
-
-
-
-
 - 12,823 29,898 29,898 55,304
Net cash provided by (used in) operating activities - discontinued operations Net cash provided by (used in) operating activities - discontinued operations
-
-
-
-
-
-
 - 7,521 9,219 9,219 6,388
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $24,833 $20,344 $39,117 $39,117 $61,692
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
SOURCEs
0%
100 %
0%
USES
100.0%
100.0% - (Purchase) sale of property and equipment
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Increase) decrease in restricted cash and deposits
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Sale of marketable securities
$45,679
-
-
-
-
-
 - - - - -
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (17,099) (11,284) (10,277) (10,277) (9,028)
Purchases of intangible assets
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Notes receivable from related parties
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Repayment of notes receivable from related parties
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Acquisitions
-
-
-
-
$45,679
$45,679
 (26,891) - - - -
Acquisition or sale of an equity method investment
-
-
-
-
-
-
 - (23,174) - - -
Cash received from lease financing obligation exit
-
-
-
-
$45,679
$45,679
 800 - - - -
Net cash provided by (used in) investing activities - continuing operations Net cash provided by (used in) investing activities - continuing operations
-
-
-
-
-
-
 - (33,355) (10,277) (10,277) (9,028)
Net cash provided by (used in) investing activities - discontinued operations Net cash provided by (used in) investing activities - discontinued operations
-
-
-
-
-
-
 - (1,103) 112,178 112,178 453,264
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($43,190) ($34,458) $101,901 $101,901 $444,236
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
0.2% - Proceeds from issuance of common stock upon exercise of stock options
SOURCEs
99.8%
100 %
0%
USES
4.6% 8.6% 86.8%
86.8% - Repurchases of common stock
8.6% - Employee withholding taxes paid on share-based compensation
4.6% - Contingent consideration payment
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
$45,679
-
-
-
 - - - - -
Secondary (Follow-on) Public Offering net
$45,679
-
$45,679
-
-
-
 - - - - -
Issuance of common stock
$45,679
-
-
-
-
-
 - - - - -
Public equity offering
-
-
-
$45,679
-
$45,679
 - - - - -
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
$45,679
$45,679
$45,679
$45,679
-
$45,679
 19,757 2,859 97 97 52
Proceeds from exercise of warrants
$45,679
-
$45,679
-
-
-
 - - - - -
Proceeds from issuance of preferred stock and common stock warrants net Proceeds from issuance of preferred stock and common stock warrants net
-
$45,679
-
-
-
-
 - - - - -
Initial public offering costs
-
$45,679
-
-
-
-
 - - - - -
Borrowing under Revolving Credit Facility
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Repayment of Revolving Credit Facility
$45,679
-
$45,679
-
-
-
 - - - - -
Issuance of convertible note payable
$45,679
-
-
-
-
-
 - - - - -
Proceeds from financing obligation drawdown
-
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Repayments of lease financing obligations
-
$45,679
-
$45,679
-
-
 - - - - -
Contingent consideration payment
-
$45,679
-
-
-
-
 - - (2,263) (2,263) -
Employee withholding taxes paid on share-based compensation Employee withholding taxes paid on share-based compensation
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (3,034) (3,339) (4,251) (4,251) (4,668)
Repurchases of common stock
$45,679
$45,679
-
-
-
-
 - - (42,821) (42,821) (122,852)
Repurchases of common stock from excercise of stock options Repurchases of common stock from excercise of stock options
-
$45,679
$45,679
-
-
$45,679
 - - - - -
Proceeds from short swing profits
$45,679
-
$45,679
-
-
-
 - - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $16,723 ($480) ($49,238) ($49,238) ($127,468)
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$91,780,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $197,762 $196,128 $181,534 - $714,796
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,634) (14,594) 91,780 - 378,460
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $196,128 $181,534 $273,314 - $1,093,256