$TRUE
TrueCar Inc Stock $true

$true Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000132731818000026 Filed on May 09, 2018

Income Statement

Concept	2018 Q2	2018 Q1	2017 Q1
Revenue	$87.85M	$81.06M	$75.76M
YoY Change	7.37%	7.0%	22.47%
Cost Of Revenue	$7.750M	$7.450M	$6.390M
YoY Change	8.7%	16.59%	2.57%
Gross Profit	$80.10M	$73.61M	$69.37M
YoY Change	7.24%	6.11%	24.68%
Gross Profit Margin	91.18%	90.81%	91.57%
Selling, General & Admin	$65.51M	$61.90M	$55.81M
YoY Change	5.07%	10.91%	17.23%
% of Gross Profit	81.78%	84.09%	80.45%
Research & Development	$15.69M	$15.59M	$13.63M
YoY Change	11.04%	14.38%	3.73%
% of Gross Profit	19.59%	21.18%	19.65%
Depreciation & Amortization	$5.650M	$5.169M	$6.079M
YoY Change	-0.35%	-14.97%	3.0%
% of Gross Profit	7.05%	7.02%	8.76%
Operating Expenses	$65.51M	$61.90M	$55.81M
YoY Change	5.07%	10.91%	17.23%
Operating Profit	-$6.745M	-$9.059M	-$6.158M
YoY Change	-9.54%	47.11%	-44.1%
Interest Expense	$662.0K	$661.0K	$649.0K
YoY Change	1.53%	1.85%	6.74%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$6.657M	-$9.116M	-$6.674M
YoY Change	-15.29%	36.59%	-42.12%
Income Tax	-$35.00K	-$61.00K	$121.0K
% Of Pretax Income
Net Earnings	-$6.622M	-$9.055M	-$6.795M
YoY Change	-17.84%	33.26%	-41.76%
Net Earnings / Revenue	-7.54%	-11.17%	-8.97%
Basic Earnings Per Share
Diluted Earnings Per Share	-$65.45K	-$90.09K	-$78.36K
COMMON SHARES
Basic Shares Outstanding	100.9M shares	100.6M shares	86.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q2	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$198.5M	$195.8M	$114.5M
YoY Change	9.25%	71.0%	8.02%
Cash & Equivalents	$198.5M	$195.8M	$114.5M
Short-Term Investments
Other Short-Term Assets	$4.971M	$4.469M	$8.946M
YoY Change	376.61%	-50.04%	1376.24%
Inventory
Prepaid Expenses	$8.357M	$5.632M	$7.200M
Receivables	$42.85M	$37.33M	$35.86M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$254.7M	$243.3M	$166.5M
YoY Change	12.25%	46.11%	17.59%
LONG-TERM ASSETS
Property, Plant & Equipment	$70.96M	$71.39M	$68.54M
YoY Change	3.74%	4.15%	-2.22%
Goodwill	$53.27M	$53.27M	$53.27M
YoY Change	0.0%	0.0%	0.0%
Intangibles	$13.98M	$14.95M	$18.81M
YoY Change	-21.64%	-20.53%	-17.44%
Long-Term Investments
YoY Change
Other Assets	$5.188M	$4.353M	$1.679M
YoY Change	212.72%	159.26%	78.24%
Total Long-Term Assets	$143.4M	$144.1M	$142.3M
YoY Change	1.58%	1.27%	-3.26%
TOTAL ASSETS
Total Short-Term Assets	$254.7M	$243.3M	$166.5M
Total Long-Term Assets	$143.4M	$144.1M	$142.3M
Total Assets	$398.1M	$387.4M	$308.8M
YoY Change	8.16%	25.45%	6.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.45M	$18.88M	$10.62M
YoY Change	2.37%	77.79%	-12.36%
Accrued Expenses	$14.77M	$12.90M	$14.76M
YoY Change	23.14%	-12.63%	33.76%
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	$39.91M	$34.09M	$42.76M
YoY Change	6.67%	-20.27%	41.39%
LONG-TERM LIABILITIES
Long-Term Debt	$29.30M	$29.30M	$29.00M
YoY Change	1.03%	1.03%	7.01%
Other Long-Term Liabilities	$4.190M	$4.067M	$2.405M
YoY Change	10.79%	69.11%	112.46%
Total Long-Term Liabilities	$4.190M	$4.067M	$2.405M
YoY Change	10.79%	69.11%	112.46%
TOTAL LIABILITIES
Total Short-Term Liabilities	$39.91M	$34.09M	$42.76M
Total Long-Term Liabilities	$4.190M	$4.067M	$2.405M
Total Liabilities	$74.08M	$68.17M	$77.26M
YoY Change	0.78%	-11.76%	26.54%
SHAREHOLDERS EQUITY
Retained Earnings	-$360.8M	-$345.2M	-$325.0M
YoY Change	8.33%	6.19%	13.03%
Common Stock	$684.8M	$673.5M	$556.6M
YoY Change	9.11%	21.0%	8.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$324.0M	$319.3M	$231.6M
YoY Change
Total Liabilities & Shareholders Equity	$398.1M	$387.4M	$308.8M
YoY Change	8.16%	25.45%	6.97%

Cashflow Statement

Concept	2018 Q2	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	-$6.622M	-$9.055M	-$6.795M
YoY Change	-17.84%	33.26%	-41.76%
Depreciation, Depletion And Amortization	$5.650M	$5.169M	$6.079M
YoY Change	-0.35%	-14.97%	3.0%
Cash From Operating Activities	$5.130M	$3.440M	$5.020M
YoY Change	-33.38%	-31.47%	-1124.49%
INVESTING ACTIVITIES
Capital Expenditures	-$4.290M	$5.332M	$5.473M
YoY Change	-11.91%	-2.58%	-13.24%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$4.290M	-$5.330M	-$5.470M
YoY Change	-11.91%	-2.56%	-13.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.820M	-50.00K	7.250M
YoY Change	-97.17%	-100.69%	1712.5%
NET CHANGE
Cash From Operating Activities	5.130M	3.440M	5.020M
Cash From Investing Activities	-4.290M	-5.330M	-5.470M
Cash From Financing Activities	1.820M	-50.00K	7.250M
Net Change In Cash	2.660M	-1.940M	6.800M
YoY Change	-96.04%	-128.53%	-206.25%
FREE CASH FLOW
Cash From Operating Activities	$5.130M	$3.440M	$5.020M
Capital Expenditures	-$4.290M	$5.332M	$5.473M
Free Cash Flow	$9.420M	-$1.892M	-$453.0K
YoY Change	-25.06%	317.66%	-93.34%

Facts In Submission

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CY2017Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	3797000	USD
CY2018Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	4067000	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	477000	USD
CY2018Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	732000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5473000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5332000	USD
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2018Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2018Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	5475000	USD
CY2018Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	5632000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	7730000	USD
CY2018Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	681000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	135991000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	139929000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	70710000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	71385000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-351084000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-354216000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-345161000	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	75757000	USD
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	81061000	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	42182000	USD
CY2018Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	48418000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5907000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	9097000	USD
CY2017Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	6125000	USD
CY2018Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	9431000	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-166000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	313118000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	319251000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	86783000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	100571000	shares
CY2018Q1	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>
CY2018Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><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;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, contract assets, 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
0001327318-18-000026-index-headers.html	Edgar Link	pending
0001327318-18-000026-index.html	Edgar Link	pending
0001327318-18-000026.txt	Edgar Link	pending
0001327318-18-000026-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-20180331.xml	Edgar Link	completed
true-20180331.xsd	Edgar Link	pending
true-20180331_cal.xml	Edgar Link	unprocessable
true-20180331_def.xml	Edgar Link	unprocessable
true-20180331_lab.xml	Edgar Link	unprocessable
true-20180331_pre.xml	Edgar Link	unprocessable
truecarq1201810q.htm	Edgar Link	pending
trueq12018ex101guthriecons.htm	Edgar Link	pending
trueq12018ex102exectrgtbon.htm	Edgar Link	pending
trueq12018ex311.htm	Edgar Link	pending
trueq12018ex312.htm	Edgar Link	pending
trueq12018ex321.htm	Edgar Link	pending

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$TRUE
TrueCar Inc Stock $true

2018 Q2 Form 10-Q Financial Statement

#000132731818000026 Filed on May 09, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRUE TrueCar Inc Stock $true

2018 Q2 Form 10-Q Financial Statement

#000132731818000026 Filed on May 09, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRUE
TrueCar Inc Stock $true