SmileDirectClub Results Presentation Deck
Balance sheet highlights.
We ended the fourth quarter with $318
million in cash and cash equivalents.
●
●
●
Debt as of the end of Q4 was $209
million. This is primarily associated with
our credit facility, which finances our
SmilePay program.
Cash from operations for the fourth
quarter was negative $141 million, driven
by negative $60 million of Adjusted
EBITDA(1) and an increase in accounts
receivable of $34 million.
Cash spent on investing for the fourth
quarter was $40 million, mainly
associated with leasehold improvements,
capitalized software and building our
manufacturing automation.
smile
DIRECT CLUB
($ in millions)
Cash
Debt
Accounts
Receivable, Net
Cash Flow from
Operations
Cash Flow from
Investing
Free Cash Flow
(1) Adjusted EBITDA is a non-GAAP financial measure. See appendix for definition of Adjusted EBITDA.
(2) Includes approximately $100 million set aside for IPO expenses and future payments or distributions as referenced in our S-1.
(3) Includes approximately $40 million of IPO expenses in the fourth quarter.
Q4
2018
Q2
2019
Q3
2019
(2)
$313.9 $149.1 $547.6
$156.8 $205.0 $219.4
Q4
2019
$318.5
$208.5
$174.2 $275.1 $311.7 $345.7
$(31.6) $(65.9) $(94.1) $(141.2)
$(21.9) $(10.7) $(28.2) $(40.0)
(3)
$(53.5) $(76.7) $(122.3) $(181.2)
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