Company: TRUE
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001327318-25-000006
Chunk: 43

Company: TrueCar, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 43
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$(31,048)$(49,766)$(118,685)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:   Depreciation and amortization18,035 17,699 16,520 Goodwill impairment— — 59,775 Deferred income taxes— — (2,358)Bad debt expense and other reserves574 696 718 Stock-based compensation11,730 14,299 17,681 Increase in the fair value of contingent consideration liability372 931 359 Amortization of lease right-of-use assets973 2,982 3,940 Gain from equity method investment— — (1,845)Impairment of right-of-use assets6,880 2,376 — Gain on lease exit— (1,573)— Other noncash expenses995 549 230 Changes in operating assets and liabilities:   Accounts receivable1,948 (5,174)2,210 Prepaid expenses and other assets(801)1,335 (210)Accounts payable910 (1,767)(2,750)Accrued employee expenses(1,855)(387)1,863 Operating lease liabilities(3,462)(6,667)(5,214)Accrued expenses and other current liabilities2,450 2,010 (1,371)Other liabilities— 43 — Net cash provided by (used in) operating activities7,701 (22,414)(29,137)Cash flows from investing activities   Purchase of property and equipment(7,860)(11,809)(11,680)Cash from sale of equity method investment— — 15,745 Cash paid for acquisition, net of cash acquired— — (12,093)Net cash used in investing activities(7,860)(11,809)(8,028)Cash flows from financing activities            Payment of contingent consideration liability(1,610)(1,908)— Proceeds from exercise of common stock options61 710 179 Taxes paid related to net share settlement of equity awards(3,330)(3,133)(2,930)Payments for the repurchase of common stock(20,091)— (29,783)Net cash used in financing activities(24,970)(4,331)(32,534)Net decrease in cash, cash equivalents