Investor Relations
CARS COMMERCE
Non-GAAP
Reconciliations
(unaudited and in thousands)
Three Months Ended September 30,
2023
Nine Months Ended September 30,
2022
2023
2022
Reconciliation of Net income (loss) to Adjusted EBITDA
Net income (loss)
$
Interest expense, net
4,491
7,777
$
Stock-based compensation
Income tax (benefit) expense
Depreciation and amortization
Write-off of long-lived assets and other
Severance, transformation and other exit costs
Transaction-related items
Adjusted EBITDA
(1,852)
(2.941)
8.501
952
$
110,096
6,944
24,171
26,878
(93,882)
(830)
25,670
23.134
74,381
70,688
7,611
5,578
22,283
17,576
308
100
638
70
470
1.558
2,348
3,369
5,019
$
49,494
$
13.001
49.883
(555)
12,514
$
139,480
$
137,209
Reconciliation of Net cash provided by operating activities to Free cash flow
Net cash provided by operating activities
Capitalization of internally developed technology
Purchase of property and equipment
Free cash flow
$
35.398
$
(4,777)
(229)
$
30,392
$
49.011
(5,523)
(321)
43,167
$
91,580
(14,838)
91.291
(13,147)
(737)
(1,252)
$
76,005
$
76,892
27View entire presentation