$TRUE
TrueCar Inc Stock $true

$true Overview Financials Valuation SEC Filings Company Website

2016 Q3 Form 10-Q Financial Statement

#000132731816000053 Filed on August 09, 2016

Income Statement

Concept	2016 Q3	2016 Q2	2015 Q2
Revenue	$75.14M	$66.43M	$65.29M
YoY Change	3.78%	1.74%	29.3%
Cost Of Revenue	$6.320M	$6.370M	$5.930M
YoY Change	6.22%	7.42%	43.24%
Gross Profit	$68.82M	$60.06M	$59.36M
YoY Change	3.57%	1.18%	28.04%
Gross Profit Margin	91.59%	90.42%	90.92%
Selling, General & Admin	$56.32M	$54.13M	$58.86M
YoY Change	-6.81%	-8.05%	18.36%
% of Gross Profit	81.84%	90.12%	99.16%
Research & Development	$13.15M	$14.02M	$10.98M
YoY Change	6.56%	27.69%	29.02%
% of Gross Profit	19.11%	23.34%	18.5%
Depreciation & Amortization	$6.030M	$5.780M	$4.120M
YoY Change	35.51%	40.29%	39.19%
% of Gross Profit	8.76%	9.62%	6.94%
Operating Expenses	$56.32M	$54.13M	$58.86M
YoY Change	-6.81%	-8.05%	18.36%
Operating Profit	-$6.691M	-$13.96M	-$14.60M
YoY Change	-38.05%	-4.4%	-1.74%
Interest Expense	$645.0K	$632.0K	$118.0K
YoY Change	305.66%	435.59%	-9.92%
% of Operating Profit
Other Income/Expense, Net	$0.00	$0.00	$3.000K
YoY Change		-100.0%	-70.0%
Pretax Income	-$7.245M	-$14.49M	-$14.69M
YoY Change	-33.73%	-1.39%	-1.86%
Income Tax	$191.0K	$170.0K	$50.00K
% Of Pretax Income
Net Earnings	-$7.436M	-$14.66M	-$14.74M
YoY Change	-33.04%	-0.57%	-1.96%
Net Earnings / Revenue	-9.9%	-22.06%	-22.57%
Basic Earnings Per Share
Diluted Earnings Per Share	-$87.72K	-$174.7K	-$179.7K
COMMON SHARES
Basic Shares Outstanding	84.61M shares	83.77M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q3	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$103.0M	$103.1M	$126.0M
YoY Change	-16.73%	-18.17%	12.7%
Cash & Equivalents	$103.0M	$103.1M	$126.0M
Short-Term Investments
Other Short-Term Assets	$1.417M	$982.0K	$3.106M
YoY Change	-23.32%	-68.38%	-66.96%
Inventory
Prepaid Expenses	$7.205M	$7.387M	$8.533M
Receivables	$35.87M	$32.71M	$30.63M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$147.5M	$144.2M	$168.2M
YoY Change	-12.23%	-14.29%	14.68%
LONG-TERM ASSETS
Property, Plant & Equipment	$67.24M	$68.74M	$60.36M
YoY Change	-1.09%	13.87%	252.99%
Goodwill	$53.27M	$53.27M	$53.27M
YoY Change	0.0%	0.0%
Intangibles	$20.74M	$21.75M	$25.88M
YoY Change	-16.53%	-15.97%
Long-Term Investments
YoY Change
Other Assets	$1.251M	$1.256M	$691.0K
YoY Change	26.49%	81.77%	38.2%
Total Long-Term Assets	$142.5M	$145.0M	$140.2M
YoY Change	-3.12%	3.43%	38.95%
TOTAL ASSETS
Total Short-Term Assets	$147.5M	$144.2M	$168.2M
Total Long-Term Assets	$142.5M	$145.0M	$140.2M
Total Assets	$290.0M	$289.2M	$308.4M
YoY Change	-7.98%	-6.23%	24.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$13.01M	$13.75M	$12.68M
YoY Change	-42.77%	8.37%	37.86%
Accrued Expenses	$11.81M	$12.82M	$14.09M
YoY Change	-11.27%	-8.98%	-32.92%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$33.37M	$35.52M	$32.59M
YoY Change	-20.24%	9.0%	7.91%
LONG-TERM LIABILITIES
Long-Term Debt	$28.80M	$28.70M	$26.50M
YoY Change	6.67%	8.3%
Other Long-Term Liabilities	$2.574M	$2.479M	$572.0K
YoY Change	371.43%	333.39%	14.4%
Total Long-Term Liabilities	$2.574M	$2.479M	$572.0K
YoY Change	371.43%	333.39%	14.4%
TOTAL LIABILITIES
Total Short-Term Liabilities	$33.37M	$35.52M	$32.59M
Total Long-Term Liabilities	$2.574M	$2.479M	$572.0K
Total Liabilities	$67.57M	$69.40M	$62.19M
YoY Change	-6.24%	11.59%	89.03%
SHAREHOLDERS EQUITY
Retained Earnings	-$310.3M	-$302.2M	-$237.4M
YoY Change	24.89%	27.33%
Common Stock	$532.7M	$522.0M	$483.6M
YoY Change	8.38%	7.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$222.4M	$219.8M	$246.2M
YoY Change
Total Liabilities & Shareholders Equity	$290.0M	$289.2M	$308.4M
YoY Change	-7.98%	-6.23%	24.57%

Cashflow Statement

Concept	2016 Q3	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	-$7.436M	-$14.66M	-$14.74M
YoY Change	-33.04%	-0.57%	-1.96%
Depreciation, Depletion And Amortization	$6.030M	$5.780M	$4.120M
YoY Change	35.51%	40.29%	39.19%
Cash From Operating Activities	-$530.0K	-$1.580M	-$9.300M
YoY Change	-119.27%	-83.01%	124.1%
INVESTING ACTIVITIES
Capital Expenditures	-$3.080M	-$3.480M	-$8.860M
YoY Change	-45.0%	-60.72%	244.75%
Acquisitions
YoY Change
Other Investing Activities			$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$3.080M	-$3.480M	-$8.860M
YoY Change	-45.0%	-60.72%	235.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	3.480M	2.200M	1.060M
YoY Change	489.83%	107.55%	-98.61%
NET CHANGE
Cash From Operating Activities	-530.0K	-1.580M	-9.300M
Cash From Investing Activities	-3.080M	-3.480M	-8.860M
Cash From Financing Activities	3.480M	2.200M	1.060M
Net Change In Cash	-130.0K	-2.860M	-17.10M
YoY Change	-94.25%	-83.27%	-124.69%
FREE CASH FLOW
Cash From Operating Activities	-$530.0K	-$1.580M	-$9.300M
Capital Expenditures	-$3.080M	-$3.480M	-$8.860M
Free Cash Flow	$2.550M	$1.900M	-$440.0K
YoY Change	-69.46%	-531.82%	-72.15%

Facts In Submission

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	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	4919000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-14032000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-9785000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-12457000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-2067000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	-14739000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-26362000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-14655000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-26322000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-14598000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-25998000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-13955000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-24971000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	779000	USD
CY2016Q2	us-gaap	Other Assets Current OtherAssetsCurrent	982000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	940000	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1256000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-14739000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-26362000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-14655000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-26322000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1178000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	2479000	USD
CY2015Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	3000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	14000	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	610000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	391000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	14032000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9785000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	6048000	USD
CY2016Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	7387000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	5206000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1571000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	101001000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	108006000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	71390000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	68736000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-275900000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-302222000	USD
CY2015Q2	us-gaap	Sales Revenue Net SalesRevenueNet	65291000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	123845000	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	66427000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	128287000	USD
CY2015Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	40457000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	72166000	USD
CY2016Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	38129000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	70240000	USD
	us-gaap	Severance Costs1 SeveranceCosts1	1783000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	18620000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	11792000	USD
CY2015Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	9511000	USD
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	19295000	USD
CY2016Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	6123000	USD
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	12260000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1180000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	232692000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	219810000	USD
CY2015Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	82012000	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	81241000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	83931000	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	83697000	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Nature of Business</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TrueCar, Inc. (“TrueCar”) is an Internet-based information, technology, and communication services company. Hereinafter, TrueCar, Inc. and its wholly owned subsidiaries TrueCar.com, Inc. and ALG, Inc. are collectively referred to as “TrueCar” or the “Company”; TrueCar.com, Inc. is referred to as “TrueCar.com” and ALG, Inc. is referred to as “ALG”. TrueCar was incorporated in the state of Delaware in February 2005 and began business operations in April 2005. Its principal corporate offices are located in Santa Monica, California.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TrueCar is a digital automotive marketplace that (i) provides pricing transparency about what other people paid for their cars and enables consumers to engage with TrueCar Certified Dealers who are committed to providing a superior purchase experience; (ii) empowers Certified Dealers to attract these informed, in-market consumers in a cost-effective, accountable manner; and (iii) allows automobile manufacturers ("OEMs") to more effectively target their incentive spending at deep-in-market consumers during their purchase process. TrueCar has established an intelligent, data-driven online platform operating on a common technology infrastructure, powered by proprietary data and analytics. Consumers access TrueCar’s platform through the TrueCar.com website and TrueCar mobile applications or through the car-buying websites and mobile applications that TrueCar operates for its affinity group marketing partners (“Auto Buying Programs”). An affinity group is comprised of a network of members or employees that provides discounts to its members.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ALG provides forecasts, consulting, and other services regarding determination of the residual value of an automobile at future given points in time, which are used to underwrite automotive loans and leases and by financial institutions to measure exposure and risk across loan, lease, and fleet portfolios. ALG also obtains automobile purchase data from a variety of sources and uses this data to provide consumers and dealers with highly accurate, geographically specific, real-time pricing information.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:8px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Assets and liabilities which are subject to judgment and use of estimates include sales allowances and allowances for doubtful accounts, the fair value of assets and liabilities assumed in business combinations, fair value of the capitalized facility leases, the recoverability of goodwill and long-lived assets, valuation allowances with respect to deferred tax assets, useful lives associated with property and equipment and intangible assets, lease exit liabilities, contingencies, and the valuation and assumptions underlying stock-based compensation and other equity instruments. On an ongoing basis, the Company evaluates its estimates compared to historical experience and trends, which form the basis for making judgments about the carrying value of assets and liabilities. In addition, the Company engaged valuation specialists to assist with management’s determination of the valuation of its capitalized facility leases, fair values of assets and liabilities assumed in business combinations, the fair value of reporting units in connection with annual goodwill impairment testing, and in periods prior to the Company’s initial public offering, valuation of common stock.</font></div></div>

Files In Submission

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truecarq2201610q.htm	Edgar Link	pending
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trueq22016ex311.htm	Edgar Link	pending
trueq22016ex312.htm	Edgar Link	pending
trueq22016ex321.htm	Edgar Link	pending

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$TRUE
TrueCar Inc Stock $true

2016 Q3 Form 10-Q Financial Statement

#000132731816000053 Filed on August 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRUE TrueCar Inc Stock $true

2016 Q3 Form 10-Q Financial Statement

#000132731816000053 Filed on August 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRUE
TrueCar Inc Stock $true