Company: TRUE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001327318-25-000036
Chunk: 309

Company: TrueCar, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 309
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4.0 million for the six months ended June 30, 2025 consists 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, and taxes paid of $1.0 million for the net share settlement of certain equity awards.

Cash used in financing activities of $4.9 million for the six months ended June 30, 2024 represented taxes paid of $2.0 million for the net share settlement of certain equity awards, a payment of $1.6 million for the second tranche of contingent cash consideration associated with our acquisition of Digital Motors, and payments of  $1.3 million for the repurchase of shares of our common stock under our open market stock repurchase program. 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, 2024. There have been no material changes in our contractual obligations and known future cash requirements since December 31, 2024.

Critical Accounting Estimates

The preparation of financial statements and related disclosures in accordance with GAAP requires management to make judgements, assumptions and estimates that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Note 2 and Management’s Discussion and Analysis of Financial Condition and Results of Operation in our Annual Report on Form 10-K for the year ended December 31, 2024 describes the critical accounting policies and estimates used in the preparation of the condensed consolidated financial statements. Since December 31, 2024, there have been no material changes in our accounting policies that are impacted by judgments, assumptions and estimates. 

Recent Accounting Pronouncements

See Note 2 to our condensed consolidated financial statements included in this Quarterly Report on Form 10-Q for new accounting pronouncements not yet effective as of the date of this Quarterly Report on Form 10-Q.

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Item 3.   Quantitative and Qualitative Disclosures About Market Risk

We are exposed to market risk from changes in interest rates, inflation and currency exchange rates. Our exposure to market risk has not changed materially from what we previously disclosed in Item 7A, “Quantitative and Qualitative Disclosures About Market Risk