$CARS
Cars.com Inc

2017 Q3 Form 10-Q Financial Statement

#000156459017022817 Filed on November 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4 2016 Q3
Revenue $159.9M $161.7M $162.3M
YoY Change -1.48% 4.85% 8.12%
Cost Of Revenue $18.18M $14.57M $15.03M
YoY Change 20.91% -52.83% -47.8%
Gross Profit $141.7M $147.1M $147.3M
YoY Change -3.76% 19.3% 21.5%
Gross Profit Margin 88.63% 90.99% 90.74%
Selling, General & Admin $62.34M $59.70M $56.41M
YoY Change 10.51% -5.98% -3.58%
% of Gross Profit 43.99% 40.59% 38.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.80M $21.60M $21.00M
YoY Change 3.81% 6.4% 4.48%
% of Gross Profit 15.38% 14.68% 14.26%
Operating Expenses $120.5M $79.00M $110.1M
YoY Change 9.44% -3.3% 43.58%
Operating Profit $39.37M $48.83M $52.17M
YoY Change -24.52% 17.38% 17.23%
Interest Expense -$7.500M -$2.300M -$2.200M
YoY Change 240.91% 21.05% 29.41%
% of Operating Profit -19.05% -4.71% -4.22%
Other Income/Expense, Net -$5.367M $100.0K $129.0K
YoY Change -4260.47% 0.0% -229.0%
Pretax Income $34.01M $48.90M $52.30M
YoY Change -34.97% 22.86% 22.48%
Income Tax $13.02M $100.0K $452.0K
% Of Pretax Income 38.28% 0.2% 0.86%
Net Earnings $20.99M $48.81M $51.85M
YoY Change -59.52% 22.63% 21.42%
Net Earnings / Revenue 13.13% 30.19% 31.94%
Basic Earnings Per Share $0.29 $0.68 $0.72
Diluted Earnings Per Share $0.29 $0.68 $0.72
COMMON SHARES
Basic Shares Outstanding 71.70M 71.59M
Diluted Shares Outstanding 71.77M 71.59M

Balance Sheet

Concept 2017 Q3 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.40M $8.900M $4.700M
YoY Change 482.98% 8800.0%
Cash & Equivalents $27.43M $8.896M $4.720M
Short-Term Investments
Other Short-Term Assets $18.30M $942.0K $11.20M
YoY Change 63.39% -91.95%
Inventory
Prepaid Expenses $11.40M
Receivables $93.10M $98.30M $94.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $138.8M $119.5M $110.4M
YoY Change 25.72% 21.36%
LONG-TERM ASSETS
Property, Plant & Equipment $40.90M $20.46M $19.50M
YoY Change 109.74% 8.26%
Goodwill $788.1M
YoY Change
Intangibles $1.607B
YoY Change
Long-Term Investments $11.20M $11.80M $11.70M
YoY Change -4.27% 22.92%
Other Assets
YoY Change
Total Long-Term Assets $2.389B $2.428B $2.447B
YoY Change -2.35% 2.21%
TOTAL ASSETS
Total Short-Term Assets $138.8M $119.5M $110.4M
Total Long-Term Assets $2.389B $2.428B $2.447B
Total Assets $2.528B $2.547B $2.557B
YoY Change -1.13% 2.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.800M $7.844M $7.800M
YoY Change -12.82% -7.72%
Accrued Expenses $69.10M $64.14M $62.80M
YoY Change 10.03% -18.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $21.16M
YoY Change
Total Short-Term Liabilities $97.10M $71.98M $72.40M
YoY Change 34.12% -18.57%
LONG-TERM LIABILITIES
Long-Term Debt $597.5M $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.53M $1.674M $54.70M
YoY Change -67.95% -97.93%
Total Long-Term Liabilities $924.4M $58.00M $54.70M
YoY Change 1589.88% -28.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.10M $71.98M $72.40M
Total Long-Term Liabilities $924.4M $58.00M $54.70M
Total Liabilities $1.021B $130.0M $136.1M
YoY Change 650.52% -23.13%
SHAREHOLDERS EQUITY
Retained Earnings $24.82M
YoY Change
Common Stock $716.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.506B $2.417B $2.421B
YoY Change
Total Liabilities & Shareholders Equity $2.528B $2.547B $2.557B
YoY Change -1.13% 2.97%

Cashflow Statement

Concept 2017 Q3 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $20.99M $48.81M $51.85M
YoY Change -59.52% 22.63% 21.42%
Depreciation, Depletion And Amortization $21.80M $21.60M $21.00M
YoY Change 3.81% 6.4% 4.48%
Cash From Operating Activities $50.50M $58.80M $68.10M
YoY Change -25.84% -3.61% 37.02%
INVESTING ACTIVITIES
Capital Expenditures -$8.700M -$2.300M -$2.600M
YoY Change 234.62% 0.0% 52.94%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$114.9M
YoY Change -100.0% -100.0%
Cash From Investing Activities -$8.700M -$2.300M -$117.5M
YoY Change -92.6% 4.55% 6427.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.90M -52.30M 53.90M
YoY Change -194.43% -11.05% -212.76%
NET CHANGE
Cash From Operating Activities 50.50M 58.80M 68.10M
Cash From Investing Activities -8.700M -2.300M -117.5M
Cash From Financing Activities -50.90M -52.30M 53.90M
Net Change In Cash -9.100M 4.200M 4.500M
YoY Change -302.22% -56371445759999840.0% 4400.0%
FREE CASH FLOW
Cash From Operating Activities $50.50M $58.80M $68.10M
Capital Expenditures -$8.700M -$2.300M -$2.600M
Free Cash Flow $59.20M $61.10M $70.70M
YoY Change -16.27% -3.48% 37.55%

Facts In Submission

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2561127000
CY2017Q3 cars Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
224053000
CY2016Q4 cars Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
165651000
CY2017Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2337074000
CY2016Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
2395476000
CY2017Q3 us-gaap Cost Method Investments
CostMethodInvestments
9400000
CY2016Q4 us-gaap Cost Method Investments
CostMethodInvestments
9300000
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.383
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.178
CY2017Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
267000000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-69000000
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
300000
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
600000
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
300000
CY2016Q3 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
200000
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
700000
CY2017Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
2000000
CY2016Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
3100000
CY2017Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
11054000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y1M6D

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