Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 151

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 151
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D CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited) Six Months Ended June 30, 20252024Cash flows from operating activities  Net loss$(17,763)$(19,368)Adjustments to reconcile net loss to net cash (used in) provided by operating activities:  Depreciation and amortization7,314 9,269 Bad debt expense and other reserves237 369 Stock-based compensation6,625 5,821 Increase in the fair value of contingent consideration liability36 179 Amortization of lease right-of-use assets678 305 Impairment of right-of-use assets — 6,880 Other noncash expense545 562 Changes in operating assets and liabilities:Accounts receivable(859)1,594 Prepaid expenses and other assets(2,396)(2,065)Accounts payable2,473 2,128 Accrued employee expenses(1,227)(2,864)Operating lease liabilities(1,110)(2,492)Accrued expenses and other current liabilities(5,275)(272)Net cash (used in) provided by operating activities(10,722)46 Cash flows from investing activities  Purchase of property and equipment(4,640)(4,181)Net cash used in investing activities(4,640)(4,181)Cash flows from financing activities  Payment of contingent consideration liability(2,784)(1,610)Proceeds from exercise of common stock options— 61 Taxes paid related to net share settlement of equity awards(1,042)(1,990)Payments for the repurchase of common stock— (1,336)Taxes paid related to repurchase of common stock(129)— Net cash used in financing activities(3,955)(4,875)Net decrease in cash, cash equivalents and restricted cash(19,317)(9,010)Cash, cash equivalents and restricted cash at beginning of period111,835 136,964 Cash, cash equivalents and restricted cash at end of period$92,518 $127,954 

See accompanying notes to condensed consolidated financial statements.

8

TRUECAR, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(Unaudited)

(Continued)

Six Months Ended June 30,20252024Supplemental disclosures of non-cash activitiesStock