$TRUE
TrueCar Inc Stock $true

$true Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000132731817000026 Filed on August 09, 2017

Income Statement

Concept	2017 Q3	2017 Q2	2016 Q2
Revenue	$82.44M	$81.82M	$66.43M
YoY Change	9.72%	23.17%	1.74%
Cost Of Revenue	$7.090M	$7.130M	$6.370M
YoY Change	12.18%	11.93%	7.42%
Gross Profit	$75.35M	$74.69M	$60.06M
YoY Change	9.49%	24.36%	1.18%
Gross Profit Margin	91.4%	91.29%	90.42%
Selling, General & Admin	$63.38M	$62.35M	$54.13M
YoY Change	12.52%	15.18%	-8.05%
% of Gross Profit	84.11%	83.47%	90.12%
Research & Development	$15.36M	$14.13M	$14.02M
YoY Change	16.81%	0.78%	27.69%
% of Gross Profit	20.38%	18.92%	23.34%
Depreciation & Amortization	$5.730M	$5.670M	$5.780M
YoY Change	-4.98%	-1.9%	40.29%
% of Gross Profit	7.6%	7.59%	9.62%
Operating Expenses	$63.38M	$62.35M	$54.13M
YoY Change	12.52%	15.18%	-8.05%
Operating Profit	-$9.146M	-$7.456M	-$13.96M
YoY Change	36.69%	-46.57%	-4.4%
Interest Expense	$654.0K	$652.0K	$632.0K
YoY Change	1.4%	3.16%	435.59%
% of Operating Profit
Other Income/Expense, Net			$0.00
YoY Change			-100.0%
Pretax Income	-$9.398M	-$7.859M	-$14.49M
YoY Change	29.72%	-45.74%	-1.39%
Income Tax	$121.0K	$201.0K	$170.0K
% Of Pretax Income
Net Earnings	-$9.519M	-$8.060M	-$14.66M
YoY Change	28.01%	-45.0%	-0.57%
Net Earnings / Revenue	-11.55%	-9.85%	-22.06%
Basic Earnings Per Share
Diluted Earnings Per Share	-$96.48K	-$85.97K	-$174.7K
COMMON SHARES
Basic Shares Outstanding	98.50M shares	92.89M shares	83.77M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q3	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$196.4M	$181.7M	$103.1M
YoY Change	90.68%	76.24%	-18.17%
Cash & Equivalents	$196.4M	$181.7M	$103.1M
Short-Term Investments
Other Short-Term Assets	$2.821M	$1.043M	$982.0K
YoY Change	99.08%	6.21%	-68.38%
Inventory
Prepaid Expenses	$7.114M	$7.050M	$7.387M
Receivables	$39.59M	$37.06M	$32.71M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$245.9M	$226.9M	$144.2M
YoY Change	66.77%	57.33%	-14.29%
LONG-TERM ASSETS
Property, Plant & Equipment	$68.38M	$68.40M	$68.74M
YoY Change	1.7%	-0.49%	13.87%
Goodwill	$53.27M	$53.27M	$53.27M
YoY Change	0.0%	0.0%	0.0%
Intangibles	$16.88M	$17.84M	$21.75M
YoY Change	-18.62%	-17.96%	-15.97%
Long-Term Investments
YoY Change
Other Assets	$1.589M	$1.659M	$1.256M
YoY Change	27.02%	32.09%	81.77%
Total Long-Term Assets	$140.1M	$141.2M	$145.0M
YoY Change	-1.67%	-2.65%	3.43%
TOTAL ASSETS
Total Short-Term Assets	$245.9M	$226.9M	$144.2M
Total Long-Term Assets	$140.1M	$141.2M	$145.0M
Total Assets	$386.0M	$368.0M	$289.2M
YoY Change	33.13%	27.26%	-6.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$21.31M	$18.02M	$13.75M
YoY Change	63.8%	31.09%	8.37%
Accrued Expenses	$10.95M	$11.99M	$12.82M
YoY Change	-7.24%	-6.45%	-8.98%
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	$38.96M	$37.41M	$35.52M
YoY Change	16.73%	5.32%	9.0%
LONG-TERM LIABILITIES
Long-Term Debt	$29.10M	$29.00M	$28.70M
YoY Change	1.04%	1.05%	8.3%
Other Long-Term Liabilities	$3.474M	$3.782M	$2.479M
YoY Change	34.97%	52.56%	333.39%
Total Long-Term Liabilities	$3.474M	$3.782M	$2.479M
YoY Change	34.97%	52.56%	333.39%
TOTAL LIABILITIES
Total Short-Term Liabilities	$38.96M	$37.41M	$35.52M
Total Long-Term Liabilities	$3.474M	$3.782M	$2.479M
Total Liabilities	$74.91M	$73.51M	$69.40M
YoY Change	10.86%	5.92%	11.59%
SHAREHOLDERS EQUITY
Retained Earnings	-$342.6M	-$333.1M	-$302.2M
YoY Change	10.42%	10.21%	27.33%
Common Stock	$653.7M	$627.6M	$522.0M
YoY Change	22.73%	20.23%	7.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$311.1M	$294.5M	$219.8M
YoY Change
Total Liabilities & Shareholders Equity	$386.0M	$368.0M	$289.2M
YoY Change	33.13%	27.26%	-6.23%

Cashflow Statement

Concept	2017 Q3	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	-$9.519M	-$8.060M	-$14.66M
YoY Change	28.01%	-45.0%	-0.57%
Depreciation, Depletion And Amortization	$5.730M	$5.670M	$5.780M
YoY Change	-4.98%	-1.9%	40.29%
Cash From Operating Activities	$4.190M	$7.700M	-$1.580M
YoY Change	-890.57%	-587.34%	-83.01%
INVESTING ACTIVITIES
Capital Expenditures	-$4.850M	-$4.870M	-$3.480M
YoY Change	57.47%	39.94%	-60.72%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$4.850M	-$4.870M	-$3.480M
YoY Change	57.47%	39.94%	-60.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	15.34M	64.37M	2.200M
YoY Change	340.8%	2825.91%	107.55%
NET CHANGE
Cash From Operating Activities	4.190M	7.700M	-1.580M
Cash From Investing Activities	-4.850M	-4.870M	-3.480M
Cash From Financing Activities	15.34M	64.37M	2.200M
Net Change In Cash	14.68M	67.20M	-2.860M
YoY Change	-11392.31%	-2449.65%	-83.27%
FREE CASH FLOW
Cash From Operating Activities	$4.190M	$7.700M	-$1.580M
Capital Expenditures	-$4.850M	-$4.870M	-$3.480M
Free Cash Flow	$9.040M	$12.57M	$1.900M
YoY Change	254.51%	561.58%	-531.82%

Facts In Submission

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	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	2601000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	71622000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-9785000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-10340000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-2067000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	12719000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-14655000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-26322000	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	-8060000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-14855000	USD
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-13955000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-24971000	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-7456000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-13614000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	2278000	USD
CY2017Q2	us-gaap	Other Assets Current OtherAssetsCurrent	1043000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1553000	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1659000	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
CY2017Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-8060000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-14855000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	2679000	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	3782000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	391000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1310000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9785000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10340000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	68397000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-318235000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-333090000	USD
CY2016Q2	us-gaap	Sales Revenue Net SalesRevenueNet	66427000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	128287000	USD
CY2017Q2	us-gaap	Sales Revenue Net SalesRevenueNet	81819000	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	157576000	USD
CY2016Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	38129000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	70240000	USD
CY2017Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	46933000	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	89115000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2017Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	6044000	USD
CY2017Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	7050000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	17398000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1571000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	55534000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	115047000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	125663000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	66941000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	11792000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	12753000	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
CY2017Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	7178000	USD
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	13303000	USD
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	17398000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	54107000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	224581000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	294534000	USD
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
CY2017Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	93745000	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	90283000	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 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>
	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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trueq22017ex312.htm	Edgar Link	pending
trueq22017ex321.htm	Edgar Link	pending

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$TRUE
TrueCar Inc Stock $true

2017 Q3 Form 10-Q Financial Statement

#000132731817000026 Filed on August 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRUE TrueCar Inc Stock $true

2017 Q3 Form 10-Q Financial Statement

#000132731817000026 Filed on August 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRUE
TrueCar Inc Stock $true