TrueCar, Inc. (TRUE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1401 OCEAN AVE, SUITE 200
SANTA MONICA, CA 90401
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments142,405156,648175,518192,979199,681234,782
Cash and cash equivalents142,405156,648175,518192,979199,681234,782
Receivables16,23614,12013,78613,04314,56615,108
Prepaid expense6,7974,7185,9697,4537,9146,004
Other current assets1,9762,2522,5622,6635,1196,015
Total current assets:167,414177,738197,835216,138227,280261,909
Noncurrent Assets
Operating lease, right-of-use asset13,33115,74216,94017,84918,72422,508
Property, plant and equipment20,30819,38018,90218,80418,77518,880
Intangible assets, net (including goodwill)11,58012,77413,96915,16376,13155,743
Goodwill     59,77551,205
Intangible assets, net (excluding goodwill)11,58012,77413,96915,16316,3564,538
Other noncurrent assets4,0713,8843,8814,0694,2524,316
Total noncurrent assets:49,29051,78053,69255,885117,882101,447
TOTAL ASSETS:216,704229,518251,527272,023345,162363,356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,45118,42526,26527,45827,22023,840
Employee-related liabilities7,3787,1975,2753,010
Accounts payable9,5379,3348,6559,03810,24811,084
Accrued liabilities10,9149,09110,23211,22311,6979,746
Due to related parties   599
Other undisclosed current liabilities12,2548,4924,5144,4424,3704,782
Total current liabilities:32,70526,91730,77931,90031,59029,221
Noncurrent Liabilities
Long-term debt and lease obligation:    19,75020,98124,789
Liabilities, other than long-term debt15,91017,22123,481   
Other liabilities   4,981   
Operating lease, liability15,91017,22118,50019,75020,98124,789
Other undisclosed noncurrent liabilities3,7803,754 (15,227)(16,451)(24,670)
Total noncurrent liabilities:19,69020,97523,48124,27325,51124,908
Total liabilities:52,39547,89254,26056,17357,10154,129
Equity
Equity, attributable to parent164,309181,626197,267215,850288,061309,227
Common stock999101010
Additional paid in capital716,821713,714709,790710,233705,331715,478
Accumulated deficit(552,521)(532,097)(512,532)(494,393)(417,280)(406,261)
Total equity:164,309181,626197,267215,850288,061309,227
TOTAL LIABILITIES AND EQUITY:216,704229,518251,527272,023345,162363,356

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues39,29336,98036,66439,05242,27543,533
Cost of revenue(14,187)(20,439)(14,596)(20,663)(18,964)(18,701)
Cost of goods and services sold(3,931)(3,846)(3,570)(3,880)(3,817)(4,946)
Gross profit:25,10616,54122,06818,38923,31124,832
Operating expenses(47,253)(37,708)(41,539)(96,512)(37,279)(38,965)
Operating loss:(22,147)(21,167)(19,471)(78,123)(13,968)(14,133)
Nonoperating income
(Investment Income, Nonoperating)
1,7301,6081,38087927927
Loss from continuing operations before equity method investments, income taxes:(20,417)(19,559)(18,091)(77,244)(13,689)(14,106)
Income from equity method investments     961,749
Other undisclosed income from continuing operations before income taxes   40   
Loss from continuing operations before income taxes:(20,417)(19,559)(18,051)(77,244)(13,593)(12,357)
Income tax expense (benefit)(7)(6)(88)1312,574(57)
Loss from continuing operations:(20,424)(19,565)(18,139)(77,113)(11,019)(12,414)
Loss before gain (loss) on sale of properties:(77,113)(11,019)(12,414)
Net loss available to common stockholders, diluted:(20,424)(19,565)(18,139)(77,113)(11,019)(12,414)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(20,424)(19,565)(18,139)(77,113)(11,019)(12,414)
Comprehensive loss, net of tax, attributable to parent:(20,424)(19,565)(18,139)(77,113)(11,019)(12,414)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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