Second Quarter 2022 Earnings
Non-GAAP Reconciliations
(unaudited and in thousands)
Reconciliation of Net income to Adjusted EBITDA
Net income
Interest expense, net
Income tax expense (benefit)
Depreciation and amortization
Stock-based compensation
Write-off of long-lived assets and other
Severance, transformation and other exit costs
Transaction-related items
Adjusted EBITDA
cars.com
fuel
Three Months Ended June 30,
2022
2021
2022
Six Months Ended June 30,
2021
$
5,545
5,966
$
9,885
11,244
9,047
9,839
18,377
19,840
739
(189)
(1,782)
1,117
23,001
25,298
47,554
50,978
6,581
6,029
11.998
11,137
15
94
(31)
79
1,419
927
1.811
1,707
(1,043)
512
(486)
512
$
45,304
$
48,476
$
87,326
$
96,614
Reconciliation of Net cash provided by operating activities to Free cash flow
Net cash provided by operating activities
$
11,922
$
29,257
$
42.280
$
79,619
Purchase of property and equipment
(4,547)
(6,876)
(8,555)
(13,095)
Free cash flow
$
7,375
$
22,381
$
33,725
$
66.524
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