Company: TRUE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001327318-25-000065
Chunk: 202

Company: TrueCar, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 202
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-use assets of $6.9 million, other noncash expenses of $0.8 million, amortization of lease right-of-use assets of $0.6 million, and bad debt expense of $0.5 million. Net cash provided by operations also reflected a decrease of $4.5 million from changes in operating assets and liabilities, which primarily reflected a decrease in operating lease liabilities of $3.1 million, an increase in prepaid expenses and other assets of $2.2 million, and a decrease in accrued employee expenses of $1.6 million. These decreases were offset by a decrease in accounts receivable of $1.2 million, an increase in accounts payable of $0.8 million, and an increase in accrued expenses of $0.3 million.

Investing Activities 

Cash used in investing activities of $6.2 million for the nine months ended September 30, 2025 consisted primarily of investments in software and computer hardware.

Cash used in investing activities of $6.2 million for the nine months ended September 30, 2024 consisted primarily of investments in software and computer hardware.

Financing Activities 

Cash used in financing activities of $4.5 million for the nine months ended September 30, 2025 consisted primarily of a payment for the acquisition date fair value of $2.8 million for the third and final tranche of contingent cash consideration associated with our acquisition of Digital Motors, taxes paid of $1.6 million for the net share settlement of certain equity awards, and taxes paid of $0.1 million for the repurchase of shares of our common stock under our open market stock repurchase program.

Cash used in financing activities of $18.2 million for the nine months ended September 30, 2024 represented payments of $14.0 million for the repurchase of shares of our common stock under our open market stock repurchase program, taxes paid of $2.6 million for the net share settlement of certain equity awards, and a payment of $1.6 million for the second tranche of contingent cash consideration associated with our acquisition of Digital Motors. These decreases were offset by proceeds received of $0.1 million from the exercise of employee stock options.

Contractual Obligations and Known Future Cash Requirements

Information related to the Company’s contractual obligations, commercial commitments and expected cash requirements can be found in Note 4 and Note 9 in our Annual Report on Form 10-K for the year ended December 31,