CARG Stock Cash Flow Statements

CarGurus Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

CarGurus Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31

operating activities
net income	22,343,000	39,045,000																25,163,000	32,563,000	7,131,000	12,696,000	13,171,000	10,384,000	6,007,000	12,584,000	18,119,000	12,135,000	31,265,000	3,651,000	2,267,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	6,682,000	6,554,000	5,178,000	5,663,000	7,481,000	12,761,000	12,470,000	11,667,000	11,576,000	11,732,000	11,183,000	11,234,000	11,185,000	10,989,000	10,656,000	10,165,000	8,666,000	2,563,000	2,432,000	3,357,000	2,990,000	2,158,000	2,118,000	1,914,000	1,627,000	1,264,000	1,308,000	1,220,000	1,237,000	1,125,000
currency (gain) loss on foreign denominated transactions	-292,000	-165,000							-198,000
other non-cash income			0
deferred taxes	-9,941,000	-3,389,000	-3,180,000	-35,112,000	-9,052,000	-5,735,000	-15,718,000	-4,490,000	-11,921,000	8,551,000	-7,201,000	-10,373,000	-13,091,000	389,000	3,438,000	2,276,000	60,000	7,466,000	10,074,000	-769,000	5,464,000	1,291,000	291,000	-1,624,000	-3,692,000	-2,878,000	-7,938,000	-26,214,000	-2,010,000	-454,000
benefit from doubtful accounts	699,000	424,000				131,000			-300,000	640,000	430,000	549,000	150,000	272,000	277,000	71,000	379,000	188,000	84,000	456,000	1,202,000	396,000	327,000	353,000	15,000	434,000	524,000	345,000	377,000	573,000
stock-based compensation expense	13,025,000	12,900,000	15,455,000	15,337,000	15,822,000	19,968,000	14,262,000	14,603,000	14,904,000	13,227,000	13,971,000	13,432,000	14,147,000	10,974,000	13,804,000	14,387,000	14,360,000		11,028,000	11,769,000	11,606,000		8,761,000	8,943,000	7,686,000		5,528,000	5,605,000	3,818,000
amortization of deferred financing costs	129,000	129,000	129,000	129,000	129,000	128,000	129,000	129,000	129,000	129,000
amortization of deferred contract costs	4,004,000	3,810,000	3,608,000	3,375,000	3,258,000	3,188,000	3,026,000	2,866,000	2,737,000	2,735,000	2,768,000	2,758,000	2,806,000	3,010,000	3,189,000	3,259,000	3,195,000	3,010,000	2,954,000	2,805,000	2,836,000	2,619,000	2,163,000	1,804,000	1,830,000
impairments
changes in operating assets and liabilities:
accounts receivable	-847,000	3,070,000	-5,636,000	4,425,000	-4,182,000	10,638,000	-12,904,000	6,383,000	6,858,000	89,470,000	75,506,000	-51,995,000	39,973,000	-123,176,000	-3,613,000	-45,559,000	-2,423,000	-2,065,000	301,000	252,000	5,401,000	-4,624,000	-1,146,000	-2,319,000	-1,519,000	-671,000	-1,658,000	411,000	7,000	-3,026,000
inventory	-20,000	-353,000	863,000	-395,000	-319,000	-3,001,000	219,000	1,095,000	3,645,000	22,884,000	-6,482,000	-692,000	-1,336,000	-13,261,000
prepaid expenses, prepaid income taxes, and other assets	2,093,000	6,801,000	-332,000	1,451,000	5,974,000	-7,525,000	2,573,000	-1,198,000	4,652,000	8,102,000	-4,241,000	-8,307,000	-2,127,000	-2,098,000	1,048,000	-1,801,000	-2,217,000	-3,620,000	4,269,000	13,882,000	-11,047,000	493,000	1,200,000	-311,000	-1,760,000	-3,105,000	-4,336,000	-3,805,000	-507,000
deferred contract costs	-4,685,000	-4,744,000	-3,859,000	-4,122,000	-3,326,000	-4,752,000	-3,950,000	-4,600,000	-5,138,000	-4,608,000	-3,343,000	-2,749,000	-2,997,000	-1,192,000	-1,424,000	-1,604,000	-3,494,000		-2,848,000	-778,000	-3,296,000		-3,674,000	-3,392,000	-4,376,000
accounts payable	2,617,000	4,075,000	1,469,000	8,594,000	707,000	903,000	-2,963,000	-6,128,000	10,268,000	-36,357,000	-6,858,000	12,230,000	-4,062,000	10,849,000	9,215,000	10,457,000	4,876,000	4,668,000	6,169,000	-18,477,000	-7,437,000	-6,472,000	4,708,000	2,807,000	3,225,000	-2,117,000	4,124,000	6,689,000	649,000	-165,000
accrued expenses, accrued income taxes, and other liabilities	2,388,000	-5,592,000	-1,706,000	-1,543,000	681,000	-4,435,000	5,107,000	-8,633,000	4,542,000	-44,001,000	-19,250,000	8,087,000	30,087,000	31,009,000	-10,772,000	17,212,000	-1,632,000
deferred revenue	955,000	731,000	79,000	356,000	120,000	270,000	-219,000	459,000	8,557,000	-505,000	-2,322,000	2,307,000	-5,000	271,000	-599,000	1,132,000	2,857,000	-548,000	1,475,000	3,150,000	-4,938,000	2,201,000	-695,000	-464,000	132,000	1,127,000	66,000	504,000	2,811,000	-303,000
lease obligations	1,417,000	4,583,000	4,846,000	14,690,000	12,696,000	3,172,000	4,390,000	3,150,000	4,453,000	370,000	-47,000	-277,000	-592,000	255,000	990,000	61,000	-265,000	-898,000	-542,000	1,619,000	-721,000	414,000	-2,000	-500,000	-1,380,000
net cash from operating activities	73,119,000	67,879,000	56,196,000	71,597,000	51,964,000	2,496,000	26,350,000	29,336,000	66,345,000	95,303,000	73,208,000	-5,465,000	93,060,000	-36,771,000	53,728,000	37,473,000	43,862,000	47,937,000	73,878,000	24,787,000	10,141,000	20,565,000	23,822,000	16,044,000	9,685,000	17,124,000	10,751,000	17,474,000	6,374,000	7,149,000
capex	339,000	176,000	-9,861,000	-32,748,000	-10,509,000	-1,443,000	-2,190,000	2,122,000	569,000	1,005,000	-706,000	-73,000	245,000	-2,778,000	514,000	-3,420,000	428,000	363,000	653,000	-1,898,000	1,000	-9,000	-4,263,000	-2,884,000	-3,588,000	-997,000	597,000	-23,000	-246,000	-1,139,000
free cash flows	73,458,000	68,055,000	46,335,000	38,849,000	41,455,000	1,053,000	24,160,000	31,458,000	66,914,000	96,308,000	72,502,000	-5,538,000	93,305,000	-39,549,000	54,242,000	34,053,000	44,290,000	48,300,000	74,531,000	22,889,000	10,142,000	20,556,000	19,559,000	13,160,000	6,097,000	16,127,000	11,348,000	17,451,000	6,128,000	6,010,000
investing activities
purchases of property and equipment	-1,583,000	-2,240,000	-10,288,000	-25,984,000	-28,665,000	-15,515,000	-4,793,000	-1,857,000	-2,398,000	-1,756,000	-1,507,000	-1,431,000	-1,230,000	-2,778,000	-263,000	-3,445,000	-1,227,000	-220,000	-161,000	-1,357,000	-1,214,000	-440,000	-2,181,000	-2,884,000	-5,700,000	-4,083,000	-892,000	-547,000	-434,000	-910,000
capitalization of website development costs	-6,262,000	-5,391,000	-4,607,000	-5,242,000	-5,465,000	-4,875,000	-4,341,000	-3,943,000	-3,489,000	-3,071,000	-2,773,000	-2,996,000	-2,506,000	-2,018,000	-2,036,000	-1,143,000	-966,000	-1,534,000	-1,350,000	-1,029,000	-666,000	-947,000	-547,000	-716,000	-811,000	-544,000	-253,000	-144,000	-581,000	-728,000
purchases of short-term investments			0	0	-494,000	-1,268,000	-1,242,000
sale of short-term investments			0	0	21,218,000
advance payments to customers, net of collections			0	0	259,000	2,649,000
net cash from investing activities	-7,845,000	-7,631,000	-14,895,000	-31,226,000	-13,147,000	53,453,000	-10,683,000	-98,447,000	-5,887,000	-4,827,000	25,720,000	25,573,000	26,264,000	-4,796,000	-7,299,000	12,038,000	-68,092,000	-101,754,000	41,437,000	35,895,000	7,527,000	21,729,000	-18,209,000	-14,427,000	-11,350,000	-57,427,000	38,855,000	-30,691,000	-31,015,000	8,362,000
financing activities
proceeds from issuance of common stock upon exercise of stock options	10,000	394,000	49,000	15,000	11,000	0	45,000	10,000	19,000
payment of withholding taxes on net share settlements of restricted stock units	-6,345,000	-8,985,000	-5,986,000	-6,290,000	-5,115,000	-3,859,000	-4,844,000	-4,828,000	-2,066,000
repurchases of common stock	-1,780,000	-182,828,000	-3,701,000	-65,037,000	-77,442,000
payment of excise tax for repurchase of common stock
payment of finance lease obligations	-20,000	-20,000	-19,000	-19,000	-18,000	-18,000	-18,000	-17,000	-17,000	-17,000	-16,000	-16,000	-19,000	-10,000	-16,000	-3,000	-10,000		-10,000	-9,000	-9,000
change in gross advance payments received from third-party transaction processor	-243,000	-38,000	-624,000	394,000	-474,000	48,000	-1,849,000	-552,000	-2,122,000
net cash from financing activities	-9,060,000	-191,477,000	-10,281,000	-70,937,000	-83,038,000	-129,958,000	-22,617,000	-27,831,000	-73,238,000	-34,931,000	-32,045,000	11,250,000	-36,894,000	42,864,000	-2,983,000	-3,030,000	-19,043,000	-2,344,000	-2,866,000	-1,983,000	-2,892,000	-3,345,000	-3,833,000	-4,252,000	-3,263,000	-3,447,000	-3,703,000	-15,183,000	-1,062,000	46,620,000
impact of foreign currency on cash, cash equivalents, and restricted cash	1,425,000	710,000	1,356,000	-197,000	-577,000	981,000	-717,000	-118,000	329,000	1,276,000	-728,000	-700,000	-212,000	-238,000	-224,000	-16,000	-119,000	269,000	147,000	52,000	-28,000	96,000	-114,000	40,000	-23,000	10,000	29,000	-107,000	24,000	2,000
net decrease in cash, cash equivalents, and restricted cash	57,639,000	-130,519,000	32,376,000	-30,763,000	-44,798,000																		1,666,000	-2,595,000	-4,951,000
cash, cash equivalents, and restricted cash at beginning of period	0	306,229,000	0	0	293,926,000	0	0	0	484,132,000	0	0	0	248,280,000	0	0	0	200,926,000	0	0	0	70,723,000	0	0	0	37,558,000	0	0	0	89,552,000	0
cash, cash equivalents, and restricted cash at end of period	57,639,000	175,710,000	32,376,000	-30,763,000	249,128,000	-73,028,000	-7,667,000	-97,060,000	471,681,000	56,821,000	66,155,000	30,658,000	330,498,000	1,059,000	43,222,000	46,465,000	157,534,000	-55,892,000	112,596,000	58,751,000	85,471,000	39,045,000	1,666,000	-2,595,000	32,607,000	-43,740,000	45,932,000	-28,507,000	63,873,000	62,133,000
supplemental disclosure of cash flow information:
cash paid for income taxes	16,569,000	700,000	11,055,000	24,772,000	1,132,000	25,850,000	12,630,000	33,893,000	2,410,000	7,752,000	12,089,000	40,094,000	1,066,000	5,722,000	13,578,000	8,141,000	79,000	1,956,000	849,000	6,000	20,000	147,000	65,000	74,000	14,000	-12,000	40,000	2,275,000	5,000	173,000
cash paid for operating lease liabilities	6,439,000	2,558,000	3,679,000	2,746,000	4,788,000	4,742,000	4,931,000	5,702,000	4,129,000	4,013,000	4,315,000	4,483,000	4,737,000	3,848,000	4,256,000	3,999,000	4,065,000	4,612,000	4,069,000	2,236,000	4,024,000	2,441,000	2,860,000	2,600,000	3,005,000
cash paid for interest	282,000	34,000	302,000	166,000	143,000	155,000	132,000	135,000	144,000	39,000														2,000	1,000	4,000	5,000	5,000	5,000	12,000
supplemental noncash disclosure of cash flow information:
unpaid purchases of property and equipment and capitalized hosting arrangements	64,000	778,000	-1,112,000	-8,625,000	16,329,000
capitalized stock-based compensation expense in website development and internal-use software costs and hosting arrangements	1,858,000	1,638,000	1,539,000	1,861,000	1,827,000	1,629,000	1,406,000	1,292,000	1,145,000	1,058,000	939,000	1,265,000	1,206,000
unpaid withholding taxes on net share settlement of restricted stock units	-2,000	125,000	0	1,000	119,000		-929,000	368,000	3,590,000
unpaid excise tax on repurchases of common stock	-866,000	2,268,000	-151,000	415,000	2,239,000
obtaining a right-of-use asset in exchange for an operating lease liability	-16,000	217,000	0	-1,493,000	-3,536,000	3,578,000	1,051,000	0	144,556,000	4,538,000	0			0	0	0	12,336,000
unpaid repurchases of common stock		1,451,000			3,658,000		1,231,000	-471,000	1,030,000
consolidated net income			22,511,000	-68,721,000	21,301,000	-22,603,000	18,973,000	13,817,000	11,866,000	23,231,000	18,824,000	18,061,000	18,838,000	34,159,000	29,267,000	27,396,000	19,551,000
adjustments to reconcile consolidated net income to net cash from operating activities:
gain on sale of property and equipment						0	0	0	-460,000
goodwill and other asset impairment
proceeds from sale of property and equipment						0	0
payment of tax distributions to redeemable noncontrolling interest holders						0	0	-10,000	-28,000	-70,000	-7,152,000	-4,172,000	-8,519,000
currency gain on foreign denominated transactions				123,000	384,000					-462,000	263,000	270,000	84,000		-42,000	21,000	-51,000	55,000	59,000	11,000	-102,000		-87,000
provision (recoveries) for doubtful accounts				508,000	290,000
goodwill and other long-lived asset impairment
impairment of long-lived assets						0	0	9,000	175,000
receivable from sale of property and equipment									460,000
accrued tax distributions to redeemable noncontrolling interest holders										-223,000	-3,399,000	-530,000	4,168,000
other non-cash expense						-80,000
cash paid for acquisitions, net of cash acquired														0	0	1,626,000	-65,899,000
maturities of short-term investments
repurchase of common stock						-101,115,000	-15,951,000	-22,434,000	-69,024,000
repayment of line of credit														0	0	0	-14,250,000
payment of deferred financing costs										0
acquisition of remaining interest in caroffer, llc
net increase in cash, cash equivalents, and restricted cash						-73,028,000	-7,667,000	-97,060,000	-12,451,000	56,821,000	66,155,000	30,658,000	82,218,000	1,059,000	43,222,000	46,465,000	-43,392,000	-55,892,000	112,596,000	58,751,000	14,748,000							-28,507,000	-25,679,000	62,133,000
unpaid purchases of property and equipment, capitalized website development, capitalized internal-use software and capitalized hosting arrangements						12,443,000	1,197,000	2,687,000	1,822,000	1,703,000	-138,000	93,000	269,000
unpaid excise tax on repurchases of shares
obtaining a right-of-use asset in exchange for a finance lease liability														0	0	0	664,000
issuance of stock for acquisition														0	0	0	103,645,000
accretion of redeemable noncontrolling interest to redemption value										-134,454,000	-86,564,000	29,620,000	82,000,000
unrealized currency loss on foreign denominated transactions																													53,000	32,000
sales of short-term investments							0
unrealized currency (gain) loss on foreign denominated transactions																									-833,000	-134,000	-37,000
unrealized loss on short-term investments
realized gain on short-term investments
(recoveries) benefit from doubtful accounts
advance payments to customer, net of collections
maturities of certificates of deposit										0	30,000,000	30,000,000	30,000,000	30,000,000	40,000,000			0	43,000,000	38,281,000	30,411,000	66,116,000	22,800,000	60,000,000	40,000,000	30,000,000	40,000,000	40,000,000	30,000,000	10,000,000
accrued tax (refunds from) distributions to redeemable noncontrolling interest holders									-4,000
investments in certificates of deposit														-30,000,000	-45,000,000							-43,000,000	-38,281,000	-70,827,000	-25,700,000	-82,800,000	0	-70,000,000	-60,000,000	0
change in gross advance payments received from third-party payment processor
impairment of website development costs
proceeds from exercise of stock options											14,000	25,000	680,000	126,000	139,000	140,000	258,000	141,000	66,000	415,000	514,000	351,000	368,000	391,000	697,000	571,000	676,000	2,305,000	80,000
payment of withholding taxes on net share settlement of equity awards											-2,911,000
payments made to third-party payment processor
payments made to third party payment processor
payment of withholding taxes and option costs on net share settlement of restricted stock units and stock options													-5,430,000	-4,074,000	-3,106,000	-3,167,000	-5,041,000	-2,476,000				-3,687,000	-4,192,000
payments received in advance from (payments made to) third party payment processor													-23,606,000
payments received in advance from third-party payment processor
supplemental cash disclosure of cash flow information:
unpaid purchases of property and equipment, capitalized website development, capitalized internal-use software and hosting arrangements
capitalized stock-based compensation expense in website development and capitalized internal-use software costs
distributions to redeemable noncontrolling interest holders
unpaid purchases of property and equipment and internal-use software																							-2,406,000
capitalized stock-based compensation expense in website development and internal-use software costs															777,000	866,000	569,000	583,000	656,000	419,000	248,000	431,000	324,000
unpaid purchases of property and equipment																-841,000	1,086,000		158,000	-960,000	967,000				2,112,000	3,086,000	1,489,000	524,000	188,000	-229,000
stock–based compensation expense
deferred contracts costs
accrued expenses, accrued income taxes and other liabilities
deferred rent																										2,823,000	1,900,000	-219,000	-215,000	-35,000
payment of initial public offering costs																										0	0	0	-1,142,000
financing cash flows from finance leases																						-9,000	-9,000	-6,000	-6,000
accrued expenses, accrued income taxes, and other current liabilities																			4,797,000	-944,000	-4,350,000		-738,000	2,700,000	-4,009,000		-973,000	1,660,000	-3,651,000
other non-current liabilities																			1,063,000	1,323,000	-163,000		212,000	133,000	155,000		108,000	85,000	154,000
cash paid for acquisition, net of cash acquired																			-52,000	0	-21,004,000
payment of withholding taxes on net share settlement of restricted stock units																				-2,389,000	-3,397,000
accrued expenses, accrued income taxes and other current liabilities
other non–current liabilities
cash paid for acquisition																						0	0	0	-19,139,000
initial public offering proceeds
unpaid initial public offering costs
payment of withholding taxes on net share settlements of equity awards																									-3,954,000	-4,018,000	-4,379,000
capitalized stock-based compensation expense in website development costs																									309,000
excess tax benefit related to exercise of stock options
proceeds from issuance of preferred stock
cash paid for repurchase of preferred stock, common stock, and vested options
supplemental disclosure of non–cash investing and financing activities:
capitalized stock-based compensation in website development costs
supplemental disclosure of non-cash investing and financing activities:
unpaid deferred initial public offering costs
supplemental disclosure of non-cash investing activities:
capitalized stockholders' compensation in website development costs																												61,000	149,000
accrued expenses																														5,932,000
initial public offering proceeds, net of offering costs paid of 3,308
proceeds from issuance of preferred stock, net of offering costs
proceeds from exercise of unit options and stock options																														110,000
prepaid expenses, prepaid income taxes, and other current assets
accrued income taxes
payment of deferred initial public offering costs
unpaid preferred stock issuance costs

We provide you with 20 years of cash flow statements for CarGurus stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of CarGurus stock. Explore the full financial landscape of CarGurus stock with our expertly curated income statements.

The information provided in this report about CarGurus stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.