|
FY2025
11 months to Dec 31, 2025
|
FY2024
12 months to Dec 31, 2024
|
FY2023
12 months to Dec 31, 2023
|
FY2022
12 months to Dec 31, 2022
|
FY2021
12 months to Dec 31, 2021
|
|
|---|---|---|---|---|---|
| Operating activities | |||||
| Net (loss) income from continuing operations | |||||
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | |||||
| Impairment charges | |||||
| Profit share receivable | |||||
| Gain on debt extinguishment | |||||
| Depreciation and amortization | |||||
| Amortization of debt issuance costs | |||||
| Deferred taxes | |||||
| Losses on finance receivables and securitization debt, net | |||||
| Losses on Warranties and GAP | |||||
| Stock-based compensation expense | |||||
| Provision to record inventory at lower of cost or net realizable value | |||||
| Provision for bad debt | |||||
| Provision to record finance receivables held for sale at lower of cost or fair value | |||||
| Amortization of unearned discounts on finance receivables at fair value | |||||
| Reorganization item | |||||
| Non-cash reorganization items, net | |||||
| Other, net | |||||
| Changes in operating assets and liabilities: | |||||
| Originations of finance receivables, held for sale | |||||
| Principal payments received on finance receivables, held for sale | |||||
| Other | |||||
| Accounts receivable | |||||
| Inventory | |||||
| Prepaid expenses and other current assets | |||||
| Interest receivable | |||||
| Other assets | |||||
| Accounts payable | |||||
| Accrued expenses | |||||
| Deferred revenue | |||||
| Other liabilities | |||||
| Net cash provided by (used in) operating activities from continuing operations | |||||
| Net cash (used in) provided by operating activities from discontinued operations | |||||
| Net cash provided by (used in) operating activities | |||||
| Investing activities | |||||
| Purchases of finance receivables, held for investment at fair value | |||||
| Principal payments received on finance receivables at fair value | |||||
| Principal payments received on finance receivables, held for investment at fair value | |||||
| Consolidation of VIEs | |||||
| Principal payments received on beneficial interests | |||||
| Purchase of property and equipment | |||||
| Net cash (used in) provided by investing activities from continuing operations | |||||
| Net cash provided by investing activities from discontinued operations | |||||
| Net cash (used in) provided by investing activities | |||||
| Financing activities | |||||
| Proceeds from borrowings under secured financing agreements | |||||
| Principal repayment under secured financing agreements | |||||
| Proceeds from financing of beneficial interests in securitizations | |||||
| Principal repayments of financing of beneficial interests in securitizations | |||||
| Proceeds from vehicle floorplan | |||||
| Repayments of vehicle floorplan | |||||
| Proceeds from warehouse credit facilities | |||||
| Repayments of warehouse credit facilities | |||||
| Repurchases of convertible senior notes | |||||
| Proceeds from issuance of related party note | |||||
| Proceeds from related party line of credit | |||||
| Other financing activities | |||||
| Net cash provided by (used in) financing activities from continuing operations | |||||
| Net cash used in financing activities from discontinued operations | |||||
| Net cash provided by (used in) financing activities | |||||
| Net increase (decrease) in cash, cash equivalents and restricted cash | |||||
| Cash, cash equivalents and restricted cash at the beginning of period | |||||
| Cash, cash equivalents and restricted cash at the end of period | |||||
| Supplemental disclosure of cash flow information: | |||||
| Cash paid for interest | |||||
| Cash paid for professional fees for services rendered in connection with the Chapter 11 proceedings | |||||
| Cash paid for reorganization items, net | |||||
| Cash paid for income taxes | |||||
| Finance receivables from consolidation of 2022-2 securitization transaction | |||||
| Elimination of beneficial interest from the consolidation of 2022-2 securitization transaction | |||||
| Securitization debt from consolidation of 2022-2 securitization transaction | |||||
| Reclassification of finance receivables held for sale to finance receivables at fair value, net | |||||
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