$TRUE
TrueCar Inc Stock $true

$true Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000132731817000020 Filed on May 10, 2017

Income Statement

Concept	2017 Q2	2017 Q1	2016 Q1
Revenue	$81.82M	$75.76M	$61.86M
YoY Change	23.17%	22.47%	5.65%
Cost Of Revenue	$7.130M	$6.390M	$6.230M
YoY Change	11.93%	2.57%	7.6%
Gross Profit	$74.69M	$69.37M	$55.64M
YoY Change	24.36%	24.68%	5.46%
Gross Profit Margin	91.29%	91.57%	89.95%
Selling, General & Admin	$62.35M	$55.81M	$47.61M
YoY Change	15.18%	17.23%	-5.69%
% of Gross Profit	83.47%	80.45%	85.56%
Research & Development	$14.13M	$13.63M	$13.14M
YoY Change	0.78%	3.73%	34.63%
% of Gross Profit	18.92%	19.65%	23.62%
Depreciation & Amortization	$5.670M	$6.079M	$5.902M
YoY Change	-1.9%	3.0%	51.45%
% of Gross Profit	7.59%	8.76%	10.61%
Operating Expenses	$62.35M	$55.81M	$47.61M
YoY Change	15.18%	17.23%	-5.69%
Operating Profit	-$7.456M	-$6.158M	-$11.02M
YoY Change	-46.57%	-44.1%	-3.37%
Interest Expense	$652.0K	$649.0K	$608.0K
YoY Change	3.16%	6.74%	1251.11%
% of Operating Profit
Other Income/Expense, Net			$0.00
YoY Change			-100.0%
Pretax Income	-$7.859M	-$6.674M	-$11.53M
YoY Change	-45.74%	-42.12%	1.03%
Income Tax	$201.0K	$121.0K	$136.0K
% Of Pretax Income
Net Earnings	-$8.060M	-$6.795M	-$11.67M
YoY Change	-45.0%	-41.76%	0.38%
Net Earnings / Revenue	-9.85%	-8.97%	-18.86%
Basic Earnings Per Share
Diluted Earnings Per Share	-$85.97K	-$78.36K	-$139.8K
COMMON SHARES
Basic Shares Outstanding	92.89M shares	86.67M shares	83.52M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q2	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$181.7M	$114.5M	$106.0M
YoY Change	76.24%	8.02%	-25.93%
Cash & Equivalents	$181.7M	$114.5M	$106.0M
Short-Term Investments
Other Short-Term Assets	$1.043M	$8.946M	$606.0K
YoY Change	6.21%	1376.24%	-89.37%
Inventory
Prepaid Expenses	$7.050M	$7.200M	$5.136M
Receivables	$37.06M	$35.86M	$29.91M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$226.9M	$166.5M	$141.6M
YoY Change	57.33%	17.59%	-20.3%
LONG-TERM ASSETS
Property, Plant & Equipment	$68.40M	$68.54M	$70.10M
YoY Change	-0.49%	-2.22%	24.96%
Goodwill	$53.27M	$53.27M	$53.27M
YoY Change	0.0%	0.0%
Intangibles	$17.84M	$18.81M	$22.78M
YoY Change	-17.96%	-17.44%
Long-Term Investments
YoY Change
Other Assets	$1.659M	$1.679M	$942.0K
YoY Change	32.09%	78.24%	34.57%
Total Long-Term Assets	$141.2M	$142.3M	$147.1M
YoY Change	-2.65%	-3.26%	7.37%
TOTAL ASSETS
Total Short-Term Assets	$226.9M	$166.5M	$141.6M
Total Long-Term Assets	$141.2M	$142.3M	$147.1M
Total Assets	$368.0M	$308.8M	$288.7M
YoY Change	27.26%	6.97%	-8.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.02M	$10.62M	$12.12M
YoY Change	31.09%	-12.36%	-1.5%
Accrued Expenses	$11.99M	$14.76M	$11.04M
YoY Change	-6.45%	33.76%	-49.84%
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	$37.41M	$42.76M	$30.24M
YoY Change	5.32%	41.39%	-11.83%
LONG-TERM LIABILITIES
Long-Term Debt	$29.00M	$29.00M	$27.10M
YoY Change	1.05%	7.01%	1.88%
Other Long-Term Liabilities	$3.782M	$2.405M	$1.132M
YoY Change	52.56%	112.46%	88.67%
Total Long-Term Liabilities	$3.782M	$2.405M	$1.132M
YoY Change	52.56%	112.46%	-95.84%
TOTAL LIABILITIES
Total Short-Term Liabilities	$37.41M	$42.76M	$30.24M
Total Long-Term Liabilities	$3.782M	$2.405M	$1.132M
Total Liabilities	$73.51M	$77.26M	$61.05M
YoY Change	5.92%	26.54%	-4.45%
SHAREHOLDERS EQUITY
Retained Earnings	-$333.1M	-$325.0M	-$287.6M
YoY Change	10.21%	13.03%
Common Stock	$627.6M	$556.6M	$515.2M
YoY Change	20.23%	8.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$294.5M	$231.6M	$227.7M
YoY Change
Total Liabilities & Shareholders Equity	$368.0M	$308.8M	$288.7M
YoY Change	27.26%	6.97%	-8.26%

Cashflow Statement

Concept	2017 Q2	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	-$8.060M	-$6.795M	-$11.67M
YoY Change	-45.0%	-41.76%	0.38%
Depreciation, Depletion And Amortization	$5.670M	$6.079M	$5.902M
YoY Change	-1.9%	3.0%	51.45%
Cash From Operating Activities	$7.700M	$5.020M	-$490.0K
YoY Change	-587.34%	-1124.49%	-84.49%
INVESTING ACTIVITIES
Capital Expenditures	-$4.870M	$5.473M	$6.308M
YoY Change	39.94%	-13.24%	21.92%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$4.870M	-$5.470M	-$6.310M
YoY Change	39.94%	-13.31%	22.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	64.37M	7.250M	400.0K
YoY Change	2825.91%	1712.5%	-89.64%
NET CHANGE
Cash From Operating Activities	7.700M	5.020M	-490.0K
Cash From Investing Activities	-4.870M	-5.470M	-6.310M
Cash From Financing Activities	64.37M	7.250M	400.0K
Net Change In Cash	67.20M	6.800M	-6.400M
YoY Change	-2449.65%	-206.25%	43.18%
FREE CASH FLOW
Cash From Operating Activities	$7.700M	$5.020M	-$490.0K
Capital Expenditures	-$4.870M	$5.473M	$6.308M
Free Cash Flow	$12.57M	-$453.0K	-$6.798M
YoY Change	561.58%	-93.34%	-18.43%

Facts In Submission

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CY2016Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	161000	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	477000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6308000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5473000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2017Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2017Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	6044000	USD
CY2017Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	7200000	USD
CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	659000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	7730000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	115047000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	122083000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	66941000	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	68542000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-318235000	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-325030000	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	61860000	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	75757000	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	32111000	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	42182000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5892000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5907000	USD
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	6137000	USD
CY2017Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	6125000	USD
CY2017Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	7656000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	224581000	USD
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	231567000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	83462000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	86783000	shares
CY2017Q1	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 a diverse software ecosystem 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>
CY2017Q1	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

Name	View Source	Status
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0001327318-17-000020-index.html	Edgar Link	pending
0001327318-17-000020.txt	Edgar Link	pending
0001327318-17-000020-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
true-20170331.xml	Edgar Link	completed
true-20170331.xsd	Edgar Link	pending
true-20170331_cal.xml	Edgar Link	unprocessable
true-20170331_def.xml	Edgar Link	unprocessable
true-20170331_lab.xml	Edgar Link	unprocessable
true-20170331_pre.xml	Edgar Link	unprocessable
truecarq1201710q.htm	Edgar Link	pending
trueq12017ex311.htm	Edgar Link	pending
trueq12017ex312.htm	Edgar Link	pending
trueq12017ex321.htm	Edgar Link	pending

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$TRUE
TrueCar Inc Stock $true

2017 Q2 Form 10-Q Financial Statement

#000132731817000020 Filed on May 10, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRUE TrueCar Inc Stock $true

2017 Q2 Form 10-Q Financial Statement

#000132731817000020 Filed on May 10, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRUE
TrueCar Inc Stock $true